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Canadian Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$12.65
Change
-$0.08 (-0.66%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Canadian Bond Fund Series B

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Fund Returns

Inception Return (February 04, 1988): 4.91%

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% -1.25% 1.83% -0.56% -2.19% -0.79% -0.30% 0.42% 0.46% 0.56% 0.44% 1.24%
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 586 / 624 501 / 620 410 / 615 501 / 620 420 / 603 415 / 585 416 / 559 346 / 531 369 / 495 336 / 457 294 / 422 285 / 384 258 / 347 216 / 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 0.89% -1.56% -0.01% -1.04% -0.26% -2.68% 0.27% 4.24% 3.43% -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

5.76% (June 1988)

Worst Monthly Return Since Inception

-6.08% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.62% 2.10% 1.10% 1.95% 0.19% 6.50% 8.12% -2.92% -12.50% 5.97%
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 2 3 4 2 3 2 3 3 4 4
Category Rank 143/ 312 209/ 343 287/ 375 206/ 420 315/ 446 216/ 492 351/ 522 370/ 553 449/ 581 456/ 597

Best Calendar Return (Last 10 years)

8.12% (2020)

Worst Calendar Return (Last 10 years)

-12.50% (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 Canadian Bond Fund Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.81% 6.53% 5.30%
Beta 1.03% 1.04% 1.00%
Alpha -0.01% -0.01% -0.01%
Rsquared 1.00% 0.97% 0.97%
Sharpe -0.68% -0.31% 0.00%
Sortino -0.94% -0.62% -0.41%
Treynor -0.04% -0.02% 0.00%
Tax Efficiency - - 36.16%
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% 6.53% 5.30%
Beta 1.00% 1.03% 1.04% 1.00%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 1.00% 1.00% 0.97% 0.97%
Sharpe -0.40% -0.68% -0.31% 0.00%
Sortino -0.24% -0.94% -0.62% -0.41%
Treynor -0.03% -0.04% -0.02% 0.00%
Tax Efficiency 43.98% - - 36.16%

Fund Details

Start Date February 04, 1988
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $163

Fund Codes

FundServ Code Load Code Sales Status
FID233

Investment Objectives

The Fund aims to provide a steady flow of income. It invests primarily in Canadian fixed income securities.

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 and selecting investments, and manages the Fund to have an overall interest rate risk that is similar to the index. Allocates the Fund’s assets among issuers in different market sectors, industries, and maturities, based on its view of the relative value of each sector or maturity. Invests mainly in investment grade securities.

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 CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.26%
Management Fee 1.00%
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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