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Fidelity Corporate Bond Class Series B

Cdn Corp Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(07-18-2024)
$12.33
Change
-$0.02 (-0.13%)

As at June 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Corporate Bond Class Series B

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Fund Returns

Inception Return (September 22, 2010): 2.37%

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 0.88% 0.89% 0.92% 0.92% 6.13% 4.79% -1.05% -0.22% 0.72% 1.56% 1.43% 1.64% 1.65% 1.72%
Benchmark 0.98% 1.17% 1.32% 1.32% 6.73% 5.23% -0.12% 0.09% 1.33% 2.27% 2.13% 2.18% 2.42% 2.67%
Category Average 0.95% 1.23% 1.23% 1.23% 6.25% 4.82% -0.75% -0.13% 0.84% 1.64% - - - -
Category Rank 78 / 105 85 / 97 86 / 97 86 / 97 75 / 97 60 / 88 69 / 85 52 / 78 56 / 75 57 / 73 47 / 68 41 / 64 39 / 56 38 / 55
Quartile Ranking 3 4 4 4 4 3 4 3 3 4 3 3 3 3

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.18% -0.19% -2.01% 0.15% 3.95% 3.48% -0.73% 0.16% 0.60% -1.41% 1.44% 0.88%
Benchmark -0.36% -0.02% -1.75% 0.45% 3.64% 3.39% -0.70% 0.25% 0.60% -1.26% 1.47% 0.98%

Best Monthly Return Since Inception

5.02% (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 6.53% -0.95% 3.96% 3.32% -0.66% 8.29% 7.66% -1.44% -11.63% 7.99%
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 4 2 3 2 4 2
Category Rank 20/ 54 52/ 55 23/ 60 20/ 66 55/ 68 21/ 74 56/ 75 38/ 81 77/ 86 46/ 93

Best Calendar Return (Last 10 years)

8.29% (2019)

Worst Calendar Return (Last 10 years)

-11.63% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 80.37
Foreign Corporate Bonds 10.58
Cash and Equivalents 4.22
Canadian Government Bonds 2.26
Foreign Government Bonds 1.78
Other 0.79

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 95.59
Cash and Cash Equivalent 4.24
Energy 0.06
Financial Services 0.03
Utilities 0.02
Other 0.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.54
Latin America 1.76
Europe 0.17
Other 0.53

Top Holdings

Top Holdings
Name Percent
Bell Canada 6.55% 01-May-2029 -
Fidelity American High Yield Currency Neut Fd B -
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 Class Series B

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 6.36% 7.00% 5.42%
Beta 1.08% 1.09% 1.06%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.98% 0.97% 0.95%
Sharpe -0.61% -0.16% 0.07%
Sortino -0.80% -0.38% -0.28%
Treynor -0.04% -0.01% 0.00%
Tax Efficiency - 45.11% 80.69%
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 6.13% 6.36% 7.00% 5.42%
Beta 1.07% 1.08% 1.09% 1.06%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.98% 0.97% 0.95%
Sharpe 0.21% -0.61% -0.16% 0.07%
Sortino 1.03% -0.80% -0.38% -0.28%
Treynor 0.01% -0.04% -0.01% 0.00%
Tax Efficiency 100.00% - 45.11% 80.69%

Fund Details

Start Date September 22, 2010
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) $6

Fund Codes

FundServ Code Load Code Sales Status
FID1444

Investment Objectives

The Fund aims to provide a steady flow of income. 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 aims to provide a steady flow of income by investing primarily in fixed income securities issued by Canadian and foreign companies. Currently, the underlying fund is Fidelity Corporate Bond Fund.

Investment Strategy

The strategies below relate to the Fund and the underlying fund, Fidelity Corporate Bond Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: 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.

Portfolio Manager(s)

Name Start Date
Catriona Martin 06-03-2013
Sri Tella 03-22-2017

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 1.35%
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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