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Fidelity Strategic Income Fund Series A

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Multi-Sector Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-30-2024) 		$9.73
Change
$0.05 (0.48%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Strategic Income Fund Series A

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Fund Returns

Inception Return (May 06, 2015): 3.07%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.85% 2.94% 6.71% 2.94% 5.99% 4.30% 1.78% 1.93% 1.29% 2.01% 1.77% 2.73% - -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 156 / 276 14 / 275 105 / 275 14 / 275 97 / 266 16 / 258 25 / 251 117 / 231 107 / 216 46 / 188 63 / 154 40 / 120 - -
Quartile Ranking 3 1 2 1 2 1 1 3 2 1 2 2 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.83% -1.14% -1.46% 0.48% 1.91% -1.26% 0.75% 1.76% 1.10% 1.21% 0.85% 0.85%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

4.64% (July 2015)

Worst Monthly Return Since Inception

-5.35% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 4.77% -0.46% 4.93% 4.21% 2.07% 0.75% -5.84% 5.42%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - 2 4 1 4 4 2 1 4
Category Rank - - 56/ 117 148/ 154 11/ 188 189/ 216 208/ 230 70/ 248 29/ 258 204/ 266

Best Calendar Return (Last 10 years)

5.42% (2023)

Worst Calendar Return (Last 10 years)

-5.84% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 39.70
Foreign Corporate Bonds 27.12
Cash and Equivalents 22.68
Canadian Corporate Bonds 5.55
US Equity 1.83
Other 3.12

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 74.92
Cash and Cash Equivalent 22.68
Energy 0.64
Financial Services 0.37
Consumer Services 0.18
Other 1.21

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.24
Europe 5.95
Latin America 4.40
Africa and Middle East 3.97
Asia 2.95
Other 2.49

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
High Yield Investments Directly Held -
United States Treasury 1.13% 31-Aug-2028 -
United States Treasury 4.63% 15-Oct-2026 -
United States Treasury 4.75% 15-Feb-2037 -
United States Treasury 3.00% 15-Feb-2049 -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 2.50% 28-Feb-2026 -
USTN 4.38% 30-Nov-2030 -
United States Treasury 3.63% 15-May-2026 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Fidelity Strategic Income Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.47% 5.56% -
Beta 0.69% 0.68% -
Alpha 0.02% 0.01% -
Rsquared 0.73% 0.58% -
Sharpe -0.13% -0.09% -
Sortino -0.26% -0.35% -
Treynor -0.01% -0.01% -
Tax Efficiency 29.56% 4.45% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.98% 5.47% 5.56% -
Beta 0.66% 0.69% 0.68% -
Alpha 0.03% 0.02% 0.01% -
Rsquared 0.90% 0.73% 0.58% -
Sharpe 0.29% -0.13% -0.09% -
Sortino 1.09% -0.26% -0.35% -
Treynor 0.02% -0.01% -0.01% -
Tax Efficiency 75.36% 29.56% 4.45% -

Fund Details

Start Date May 06, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
FID2712
FID2713
FID2714

Investment Objectives

The Fund aims to achieve a combination of a high level of current income and the potential for capital gains. The Fund invests primarily in fixed income securities of U.S. issuers and other issuers from around the world. Fixed income securities may include investment grade fixed income securities, higher yielding lower quality fixed income securities, senior secured floating rate debt obligations, emerging markets debt securities, convertible securities, asset-backed securities,

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 45% higher yielding lower quality fixed income securities, 25% U.S. government and investment grade fixed income securities, 15% emerging markets debt securities, and 15% foreign developed markets securities. Depending on market conditions, may vary the asset mix by up to +/-10% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Ford O'Neil 05-06-2015
Adam Kramer 02-20-2020
Fidelity Management & Research Company LLC 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar Fidelity Investments Canada ULC
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.82%
Management Fee 1.45%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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