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Fidelity Tactical Strategies Fund Series B

Tactical Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-22-2024)
$14.22
Change
-$0.02 (-0.16%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Tactical Strategies Fund Series B

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Fund Returns

Inception Return (April 04, 2011): 5.08%

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 -1.98% 4.66% 13.29% 5.98% 11.45% 6.20% 2.53% 5.56% 4.19% 3.97% 3.83% 5.27% 4.46% 5.02%
Benchmark -1.57% 3.31% 11.56% 4.12% 9.21% 7.74% 3.11% 5.05% 4.84% 5.39% 5.04% 6.48% 6.12% 6.83%
Category Average -1.86% 10.82% 10.82% 2.44% 6.13% 3.95% 1.99% 5.27% 3.72% 3.71% 3.28% 4.13% 3.31% 3.59%
Category Rank 177 / 359 25 / 357 76 / 357 19 / 357 30 / 355 47 / 355 155 / 339 151 / 331 134 / 314 167 / 296 128 / 273 94 / 252 79 / 189 44 / 130
Quartile Ranking 2 1 1 1 1 1 2 2 2 3 2 2 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.88% 1.19% 1.86% -0.13% -3.37% -0.23% 4.63% 2.18% 1.26% 3.92% 2.75% -1.98%
Benchmark -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57%

Best Monthly Return Since Inception

6.78% (November 2020)

Worst Monthly Return Since Inception

-6.27% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.39% 8.66% 2.85% 9.79% -3.06% 9.57% 11.90% 4.98% -14.00% 11.79%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 6.78% 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35%
Quartile Ranking 4 1 4 1 2 4 1 4 4 1
Category Rank 94/ 123 13/ 163 165/ 207 29/ 271 130/ 293 262/ 309 40/ 329 290/ 333 319/ 354 42/ 355

Best Calendar Return (Last 10 years)

11.90% (2020)

Worst Calendar Return (Last 10 years)

-14.00% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 41.60
International Equity 22.34
Foreign Government Bonds 15.33
Foreign Corporate Bonds 4.96
Canadian Government Bonds 4.42
Other 11.35

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 25.43
Technology 21.04
Financial Services 8.53
Consumer Goods 6.43
Healthcare 5.66
Other 32.91

Geographic Allocation

Geographic Allocation
Name Percent
North America 69.60
Asia 11.91
Europe 11.90
Multi-National 2.21
Latin America 1.93
Other 2.45

Top Holdings

Top Holdings
Name Percent
iShares Core S&P Total US Stock Market ETF (ITOT) -
iShares Core MSCI EAFE ETF (IEFA) -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
iShares Gold Trust ETF (IAU) -
iShares Core Canadian Long Term Bond Idx ETF (XLB) -
United States Treasury 3.63% 31-Mar-2030 -
NVIDIA Corp -
United States Treasury 3.63% 15-Feb-2053 -
Microsoft Corp -
Fidelity Canadian Money Market Investment Trust O -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Tactical Strategies Fund Series B

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 9.39% 9.42% 8.25%
Beta 0.98% 1.10% 0.99%
Alpha 0.00% -0.01% -0.02%
Rsquared 0.91% 0.89% 0.86%
Sharpe 0.02% 0.27% 0.46%
Sortino -0.01% 0.24% 0.40%
Treynor 0.00% 0.02% 0.04%
Tax Efficiency 71.08% 84.49% 81.30%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.18% 9.39% 9.42% 8.25%
Beta 1.01% 0.98% 1.10% 0.99%
Alpha 0.02% 0.00% -0.01% -0.02%
Rsquared 0.95% 0.91% 0.89% 0.86%
Sharpe 0.78% 0.02% 0.27% 0.46%
Sortino 1.84% -0.01% 0.24% 0.40%
Treynor 0.06% 0.00% 0.02% 0.04%
Tax Efficiency 98.14% 71.08% 84.49% 81.30%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date April 04, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $36

Fund Codes

FundServ Code Load Code Sales Status
FID1344

Investment Objectives

The Fund aims to achieve high total investment return. The Fund uses an asset allocation approach. It invests in multiple asset classes, including equities, fixed income securities, commodities and money market instruments of companies and other issuers anywhere in the world by investing primarily in a combination of other mutual funds managed by Fidelity and third party ETFs.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Generally keeps the Fund’s asset mix within the following ranges: 30%-90% equities, 10%-70% fixed income securities, and 0%-10% commodities. Invests in, or with a focus on, global equity and fixed income securities, commodities, and money market instruments. Invests in any kind of equity or fixed income security or money market instrument, including high yield securities and other lower quality debt securities.

Portfolio Manager(s)

Name Start Date
Geoffrey D. Stein 02-20-2020
David D. Wolf 02-26-2020
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 2.27%
Management Fee 1.80%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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