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Canadian Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$7.04
Change
-$0.05 (-0.67%)

As at March 31, 2024

Period
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Legend

Fidelity Premium Tactical Fixed Income Private Pool Series B

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Fund Returns

Inception Return (May 09, 2012): 1.55%

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 0.53% -1.11% -0.03% -0.99% 2.59% -0.48% -1.90% 0.07% 0.13% 0.83% 0.89% 1.15% 0.89% 1.54%
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 322 / 624 330 / 620 323 / 615 330 / 620 242 / 603 395 / 585 340 / 559 149 / 531 255 / 495 232 / 457 196 / 422 153 / 384 161 / 347 155 / 320
Quartile Ranking 3 3 3 3 2 3 3 2 3 3 2 2 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.89% -1.53% 0.21% -0.77% -0.27% -2.68% -0.03% 4.39% 3.55% -1.11% -0.41% 0.53%
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

4.43% (April 2020)

Worst Monthly Return Since Inception

-5.88% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.57% 0.96% 2.81% 2.83% -0.22% 8.30% 8.03% -2.05% -13.05% 6.69%
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 4 4 1 1 4 1 3 2 4 2
Category Rank 245/ 312 316/ 343 73/ 375 61/ 420 381/ 446 18/ 492 364/ 522 141/ 553 533/ 581 247/ 597

Best Calendar Return (Last 10 years)

8.30% (2019)

Worst Calendar Return (Last 10 years)

-13.05% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Premium Tactical Fixed Income Private Pool Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.10% 6.96% 5.48%
Beta 1.06% 1.07% 1.00%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.98% 0.91% 0.90%
Sharpe -0.60% -0.22% 0.05%
Sortino -0.86% -0.50% -0.32%
Treynor -0.04% -0.01% 0.00%
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 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 6.93% 7.10% 6.96% 5.48%
Beta 1.01% 1.06% 1.07% 1.00%
Alpha 0.01% 0.00% 0.00% 0.00%
Rsquared 0.99% 0.98% 0.91% 0.90%
Sharpe -0.28% -0.60% -0.22% 0.05%
Sortino -0.06% -0.86% -0.50% -0.32%
Treynor -0.02% -0.04% -0.01% 0.00%
Tax Efficiency 32.26% - - -

Fund Details

Start Date May 09, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $7

Fund Codes

FundServ Code Load Code Sales Status
FID904

Investment Objectives

The Pool 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 Canadian fixed income securities. The underlying fund can invest in these securities either directly or indirectly through investments in other underlying funds.

Investment Strategy

The strategies below relate to the Pool and the underlying fund, Fidelity Tactical Fixed Income Fund. To meet the Pool’s objectives, the portfolio management team of the underlying fund: Uses the FTSE Canada Universe Bond Index as a guide to structuring the underlying fund’s portfolio. Allocates the underlying fund’s assets, either directly or indirectly through investments in underlying funds which are third-tier funds for the Pool.

Portfolio Manager(s)

Name Start Date
Jeffrey Moore 05-09-2012
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 1,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.24%
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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