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Fidelity Multi-Sector Bond Currency Neutral Fund Series A

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Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021

Click for more information on Fundata’s FundGrade

NAVPS
(05-01-2024) 		$8.38
Change
$0.02 (0.28%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Multi-Sector Bond Currency Neutral Fund Series A

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Fund Returns

Inception Return (May 10, 2017): 0.81%

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 0.80% -0.41% 5.82% -0.41% 1.68% -1.85% -1.89% 0.72% 0.51% 0.89% - - - -
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 198 / 276 250 / 275 193 / 275 250 / 275 252 / 266 255 / 258 216 / 251 177 / 231 164 / 216 124 / 188 - - - -
Quartile Ranking 3 4 3 4 4 4 4 4 4 3 - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.50% -1.21% 0.26% -0.03% -0.74% -2.71% -1.86% 4.30% 3.80% -0.27% -0.92% 0.80%
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

4.30% (November 2023)

Worst Monthly Return Since Inception

-6.81% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -2.80% 10.03% 6.28% -0.33% -12.17% 5.19%
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 - - - - 4 1 2 3 4 4
Category Rank - - - - 156/ 188 32/ 216 80/ 230 131/ 248 205/ 258 220/ 266

Best Calendar Return (Last 10 years)

10.03% (2019)

Worst Calendar Return (Last 10 years)

-12.17% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 56.65
Foreign Corporate Bonds 32.59
Cash and Equivalents 9.57
Canadian Corporate Bonds 0.80
US Equity 0.42
Other -0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.11
Cash and Cash Equivalent 9.57
Energy 0.21
Financial Services 0.09
Consumer Services 0.08
Other -0.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.72
Europe 6.22
Latin America 4.57
Asia 1.02
Multi-National 0.57
Other -0.10

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.75% 31-May-2030 -
United States Treasury 3.63% 15-Feb-2053 -
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 3.50% 15-Feb-2033 -
United States Treasury 4.13% 15-Aug-2053 -
United States Treasury 2.88% 15-May-2052 -
CAD 1/4/2024 FORWARD CC -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 2.25% 15-Feb-2052 -
Japan Government 0.10% 20-Dec-2024 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Multi-Sector Bond Currency Neutral Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.71% 6.72% -
Beta 0.67% 0.61% -
Alpha -0.01% 0.00% -
Rsquared 0.47% 0.32% -
Sharpe -0.64% -0.18% -
Sortino -0.91% -0.44% -
Treynor -0.06% -0.02% -
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.19% 6.71% 6.72% -
Beta 0.75% 0.67% 0.61% -
Alpha -0.01% -0.01% 0.00% -
Rsquared 0.35% 0.47% 0.32% -
Sharpe -0.39% -0.64% -0.18% -
Sortino -0.26% -0.91% -0.44% -
Treynor -0.04% -0.06% -0.02% -
Tax Efficiency 13.31% - - -

Fund Details

Start Date May 10, 2017
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $29

Fund Codes

FundServ Code Load Code Sales Status
FID5752
FID5753
FID5754

Investment Objectives

The Fund aims to provide a steady flow of income and the potential for capital gains. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund invests primarily in a mix of fixed income securities of U.S. issuers and other issuers from around the world. The underlying fund can invest in these securities either directly or indirectly through investments in other underlying funds.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Multi-Sector Bond Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Exercises broad flexibility by investing, either directly or indirectly through investments in third-tier funds, and in an expansive set of fixed income securities, including global investment grade fixed income securities, and higher yielding lower quality fixed income securities.

Portfolio Manager(s)

Name Start Date
Jeffrey Moore 02-20-2020
Michael Plage 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 1.74%
Management Fee 1.35%
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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