Join Fund Library now and get free access to personalized features to help you manage your investments.

Fidelity Strategic Income Fund Series A

Multi-Sector Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(12-06-2024)
$10.48
Change
$0.10 (1.00%)

As at October 31, 2024

As at September 30, 2024

Period
Loading...

Legend

Fidelity Strategic Income Fund Series A

Compare Options


Fund Returns

Inception Return (May 06, 2015): 3.56%

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 1.45% 2.39% 6.43% 9.61% 12.77% 8.69% 3.53% 2.30% 2.26% 2.99% 2.60% 2.39% 3.08% -
Benchmark 0.33% 1.97% 7.16% 7.99% 12.53% 9.08% 1.14% -0.74% 0.75% 2.30% 1.91% 1.66% 2.44% 3.45%
Category Average -1.22% 1.05% 4.75% 3.72% 10.96% - - - - - - - - -
Category Rank 10 / 299 24 / 297 21 / 295 11 / 293 68 / 293 54 / 284 17 / 276 68 / 264 66 / 243 73 / 226 51 / 187 63 / 159 40 / 130 -
Quartile Ranking 1 1 1 1 1 1 1 2 2 2 2 2 2 -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 1.76% 1.10% 1.21% 0.85% 0.85% 0.03% 0.26% 0.93% 2.73% -1.05% 2.00% 1.45%
Benchmark 2.81% 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33%

Best Monthly Return Since Inception

4.64% (July 2015)

Worst Monthly Return Since Inception

-5.35% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 4.77% -0.46% 4.93% 4.21% 2.07% 0.75% -5.84% 5.42%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - 2 4 1 4 4 2 1 4
Category Rank - - 63/ 131 163/ 170 12/ 206 206/ 234 226/ 248 88/ 266 30/ 276 218/ 284

Best Calendar Return (Last 10 years)

5.42% (2023)

Worst Calendar Return (Last 10 years)

-5.84% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 41.50
Foreign Bonds - Funds 40.67
Foreign Corporate Bonds 7.54
Canadian Corporate Bonds 4.59
Cash and Equivalents 3.44
Other 2.26

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.23
Cash and Cash Equivalent 3.44
Energy 0.04
Other 0.29

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.50
Europe 6.44
Latin America 4.52
Africa and Middle East 3.95
Asia 3.13
Other 1.46

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
High Yield Investments Directly Held -
United States Treasury 1.13% 31-Aug-2028 -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 4.75% 15-Feb-2037 -
United States Treasury 3.00% 15-Feb-2049 -
Fidelity Canadian Money Market Investment Trust O -
United States Treasury 4.63% 15-Jun-2027 -
United States Treasury 4.63% 31-May-2031 -
United States Treasury 4.63% 15-Oct-2026 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Strategic Income Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.12% 5.72% -
Beta 0.65% 0.70% -
Alpha 0.03% 0.02% -
Rsquared 0.73% 0.61% -
Sharpe 0.03% 0.02% -
Sortino 0.16% -0.14% -
Treynor 0.00% 0.00% -
Tax Efficiency 62.87% 46.54% -
Volatility 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 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.39% 5.12% 5.72% -
Beta 0.66% 0.65% 0.70% -
Alpha 0.04% 0.03% 0.02% -
Rsquared 0.71% 0.73% 0.61% -
Sharpe 2.21% 0.03% 0.02% -
Sortino 6.92% 0.16% -0.14% -
Treynor 0.11% 0.00% 0.00% -
Tax Efficiency 88.37% 62.87% 46.54% -

Fund Details

Start Date May 06, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
FID2712
FID2713
FID2714

Investment Objectives

The Fund aims to achieve a combination of a high level of current income and the potential for capital gains. The Fund invests primarily in fixed income securities of U.S. issuers and other issuers from around the world. Fixed income securities may include investment grade fixed income securities, higher yielding lower quality fixed income securities, senior secured floating rate debt obligations, emerging markets debt securities, convertible securities, asset-backed securities,

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 45% higher yielding lower quality fixed income securities, 25% U.S. government and investment grade fixed income securities, 15% emerging markets debt securities, and 15% foreign developed markets securities. Depending on market conditions, may vary the asset mix by up to +/-10% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Ford O'Neil 05-06-2015
Adam Kramer 02-20-2020
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 1.82%
Management Fee 1.45%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.