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Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$11.11
Change
-$0.07 (-0.66%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Premium Fixed Income Private Pool Class Series B

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Fund Returns

Inception Return (September 22, 2010): 1.70%

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 0.41% -1.29% 0.27% -1.23% 1.91% -0.49% -2.11% -0.70% -0.21% 0.51% 0.55% 0.65% 0.53% 1.30%
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.52% 6.86% 6.86% -1.11% 2.05% -0.60% -2.10% -0.66% -0.15% 0.47% 0.49% 0.61% 0.47% 1.18%
Category Rank 578 / 624 490 / 620 387 / 615 490 / 620 400 / 603 397 / 585 397 / 559 317 / 531 341 / 495 308 / 457 274 / 422 261 / 384 230 / 347 198 / 320
Quartile Ranking 4 4 3 4 3 3 3 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.90% -1.56% 0.00% -1.03% -0.25% -2.68% 0.27% 4.24% 3.44% -1.29% -0.36% 0.41%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

4.30% (January 2015)

Worst Monthly Return Since Inception

-4.20% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.24% 2.21% 1.20% 2.04% 0.26% 6.60% 8.22% -2.82% -12.44% 6.06%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 3 3 3 2 3 2 3 3 3 3
Category Rank 179/ 312 189/ 343 272/ 375 182/ 420 299/ 446 198/ 492 324/ 522 334/ 553 427/ 581 427/ 597

Best Calendar Return (Last 10 years)

8.22% (2020)

Worst Calendar Return (Last 10 years)

-12.44% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 51.87
Canadian Corporate Bonds 44.27
Cash and Equivalents 2.57
Mortgages 0.66
Foreign Corporate Bonds 0.61
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.43
Cash and Cash Equivalent 2.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.86
Europe 0.14

Top Holdings

Top Holdings
Name Percent
Canada Government 2.75% 01-Jun-2033 -
Canada Government 3.25% 01-Sep-2028 -
CANADA HSG TR1 4.25% 15-Mar-2034 -
Canada Government 1.50% 01-Dec-2031 -
Ontario Province 3.75% 02-Jun-2032 -
Canada Housing Trust No 1 3.55% 15-Sep-2032 -
Canada Government 0.50% 01-Dec-2030 -
Ontario Province 2.60% 02-Jun-2025 -
Ontario Province 2.70% 02-Jun-2029 -
Canada Government 1.75% 01-Dec-2053 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Premium Fixed Income Private Pool Class Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.81% 6.52% 5.29%
Beta 1.03% 1.03% 1.00%
Alpha -0.01% 0.00% -0.01%
Rsquared 1.00% 0.97% 0.97%
Sharpe -0.66% -0.30% 0.01%
Sortino -0.92% -0.61% -0.40%
Treynor -0.04% -0.02% 0.00%
Tax Efficiency - - 77.63%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 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 6.85% 6.81% 6.52% 5.29%
Beta 1.00% 1.03% 1.03% 1.00%
Alpha 0.00% -0.01% 0.00% -0.01%
Rsquared 1.00% 1.00% 0.97% 0.97%
Sharpe -0.39% -0.66% -0.30% 0.01%
Sortino -0.22% -0.92% -0.61% -0.40%
Treynor -0.03% -0.04% -0.02% 0.00%
Tax Efficiency 100.00% - - 77.63%

Fund Details

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

Fund Codes

FundServ Code Load Code Sales Status
FID1491

Investment Objectives

The Pool’s objective is 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 Canadian fixed income securities.

Investment Strategy

The Pool seeks to achieve its investment objective by investing primarily in Canadian equity securities (the "Equity Portfolio") and entering into forward contacts under which it will sell forward the Equity Portfolio in exchange for cash payments equal to the return of an investment in units of Fidelity Canadian Bond Fund, less the costs of the forward contracts and hedging costs.

Portfolio Manager(s)

Name Start Date
Catriona Martin 07-01-2012
Sri Tella 04-01-2015
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 150,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 150,000
SWP Min Withdrawal 50

Fees

MER 1.17%
Management Fee 0.95%
Load Front Fee Only
FE Max 0.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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