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Fidelity Tactical Fixed Income Fund Series B

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$7.03
Change
$0.01 (0.16%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Tactical Fixed Income Fund Series B

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Fund Returns

Inception Return (May 09, 2012): 1.51%

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 0.52% -1.03% 6.96% -1.03% 2.48% -0.60% -2.03% -0.05% 0.00% 0.66% 0.73% 0.99% 0.74% 1.42%
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 343 / 625 363 / 621 336 / 616 363 / 621 275 / 604 423 / 586 373 / 560 173 / 531 289 / 495 276 / 457 230 / 422 188 / 384 186 / 347 176 / 320
Quartile Ranking 3 3 3 3 2 3 3 2 3 3 3 2 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.88% -1.55% 0.20% -0.78% -0.28% -2.70% -0.04% 4.40% 3.56% -1.13% -0.42% 0.52%
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

-5.90% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.86% 0.83% 2.68% 2.71% -0.60% 8.17% 7.90% -2.17% -13.19% 6.59%
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 4 1 1 4 1 4 2 4 2
Category Rank 222/ 312 320/ 343 79/ 375 82/ 420 410/ 446 24/ 492 392/ 522 171/ 553 549/ 582 278/ 598

Best Calendar Return (Last 10 years)

8.17% (2019)

Worst Calendar Return (Last 10 years)

-13.19% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 49.08
Canadian Corporate Bonds 33.56
Foreign Corporate Bonds 8.69
Cash and Equivalents 5.09
Foreign Government Bonds 2.08
Other 1.50

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.46
Cash and Cash Equivalent 5.10
Energy 0.07
Financial Services 0.03
Consumer Services 0.02
Other 0.32

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.71
Latin America 1.86
Europe 0.95
Multi-National 0.12
Asia 0.09
Other 0.27

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
High Yield Investments Directly Held -
Canada Government 3.25% 01-Sep-2028 -
Canada Government 0.50% 01-Dec-2030 -
Canada Government 3.50% 01-Mar-2028 -
Canada Government 2.00% 01-Jun-2032 -
Ontario Province 2.80% 02-Jun-2048 -
Canada Government 2.50% 01-Dec-2032 -
Canada Government 2.75% 01-Jun-2033 -
Ontario Province 2.70% 02-Jun-2029 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Tactical Fixed Income Fund Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.13% 6.99% 5.49%
Beta 1.06% 1.07% 1.00%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.98% 0.91% 0.90%
Sharpe -0.62% -0.24% 0.03%
Sortino -0.88% -0.52% -0.35%
Treynor -0.04% -0.02% 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 6.95% 7.13% 6.99% 5.49%
Beta 1.01% 1.06% 1.07% 1.00%
Alpha 0.01% 0.00% 0.00% -0.01%
Rsquared 0.99% 0.98% 0.91% 0.90%
Sharpe -0.30% -0.62% -0.24% 0.03%
Sortino -0.08% -0.88% -0.52% -0.35%
Treynor -0.02% -0.04% -0.02% 0.00%
Tax Efficiency 31.06% - - -

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) $76

Fund Codes

FundServ Code Load Code Sales Status
FID797

Investment Objectives

The Fund aims to provide a steady flow of income. It invests primarily in Canadian fixed income securities. The Fund can invest in these securities either directly or indirectly through investments in underlying funds.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses the FTSE Canada Universe Bond Index as a guide to structuring the Fund’s portfolio. Allocates the Fund’s assets, either directly or indirectly through investments in underlying funds, among issuers in different market sectors, industries, asset classes, and maturities, based on its view of the relative value of each sector, industry, asset class, or maturity.

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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.36%
Management Fee 1.00%
Load Front 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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