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Fidelity Corporate Bond Fund Series B

Cdn Corp 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

2014

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NAVPS
(12-06-2024)
$10.47
Change
$0.04 (0.35%)

As at October 31, 2024

As at September 30, 2024

Period
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Legend

Fidelity Corporate Bond Fund Series B

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Fund Returns

Inception Return (September 20, 2010): 2.77%

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 -0.60% 1.81% 6.21% 4.74% 12.65% 7.40% 0.47% 0.38% 1.22% 2.43% 1.94% 1.93% 2.30% 2.09%
Benchmark -0.41% 2.08% 6.64% 5.45% 12.99% 7.77% 1.49% 0.88% 1.92% 3.14% 2.68% 2.56% 2.96% 2.96%
Category Average -0.56% 1.79% 6.37% 5.24% 12.76% 7.49% 0.99% 0.59% 1.45% 2.51% - - - -
Category Rank 77 / 106 70 / 106 75 / 102 83 / 95 57 / 95 61 / 90 69 / 84 60 / 78 57 / 73 52 / 72 46 / 66 40 / 64 38 / 58 35 / 53
Quartile Ranking 3 3 3 4 3 3 4 4 4 3 3 3 3 3

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.94% 3.48% -0.72% 0.16% 0.60% -1.41% 1.44% 0.88% 1.93% 0.44% 1.98% -0.60%
Benchmark 3.64% 3.39% -0.70% 0.25% 0.60% -1.26% 1.47% 0.98% 1.96% 0.45% 2.04% -0.41%

Best Monthly Return Since Inception

5.07% (April 2020)

Worst Monthly Return Since Inception

-8.00% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.72% -0.68% 3.97% 3.34% -0.62% 8.32% 7.67% -1.41% -11.62% 7.98%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking 2 4 2 2 3 1 3 2 4 3
Category Rank 17/ 52 48/ 53 20/ 58 18/ 64 49/ 66 18/ 72 52/ 73 35/ 79 74/ 84 47/ 91

Best Calendar Return (Last 10 years)

8.32% (2019)

Worst Calendar Return (Last 10 years)

-11.62% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 83.18
Foreign Corporate Bonds 5.13
Foreign Bonds - Funds 3.98
Cash and Equivalents 3.01
Canadian Government Bonds 2.68
Other 2.02

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.08
Cash and Cash Equivalent 3.01
Other -0.09

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.99
Latin America 1.58
Other 0.43

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Currency Neut Fd B -
Bell Canada 6.55% 01-May-2029 -
Transcanada Pipelines Ltd 7.90% 15-Apr-2027 -
Telus Corp 4.40% 01-Oct-2042 -
Enbridge Inc 4.24% 27-Aug-2042 -
Bank of Montreal 4.71% 07-Nov-2027 -
IGM Financial Inc 6.65% 13-Dec-2027 -
ENMAX CORP 3.33% 02-Jun-2025 -
SEC LP 5.19% 29-Aug-2033 -
Petroleos Mexicanos 7.69% 23-Jan-2050 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Corporate Bond Fund Series B

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 6.50% 7.08% 5.48%
Beta 1.08% 1.09% 1.06%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.97% 0.95%
Sharpe -0.43% -0.11% 0.12%
Sortino -0.49% -0.28% -0.19%
Treynor -0.03% -0.01% 0.01%
Tax Efficiency - 5.62% 50.84%
Volatility Volatility rating is 2 on a scale of 1 to 10 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 5.66% 6.50% 7.08% 5.48%
Beta 1.06% 1.08% 1.09% 1.06%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 1.00% 0.99% 0.97% 0.95%
Sharpe 1.32% -0.43% -0.11% 0.12%
Sortino 4.33% -0.49% -0.28% -0.19%
Treynor 0.07% -0.03% -0.01% 0.01%
Tax Efficiency 88.39% - 5.62% 50.84%

Fund Details

Start Date September 20, 2010
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $36

Fund Codes

FundServ Code Load Code Sales Status
FID1634

Investment Objectives

The Fund aims to provide a steady flow of income. It invests primarily in fixed income securities issued by Canadian and foreign companies.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses the FTSE Canada All Corporate Bond Index as a guide to structuring the Fund’s portfolio and selecting investments, and manages the Fund to have an overall interest rate that is similar to the index. Allocates the Fund’s assets among issuers in different market industries and maturities, based on its view of the relative value of each issuer, industry or maturity. Invests mainly in investment grade securities.

Portfolio Manager(s)

Name Start Date
Catriona Martin 06-03-2013
Sri Tella 03-22-2017
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 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.46%
Management Fee 1.00%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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