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Fidelity Strategic Income Currency Neutral Fund Series A

Multi-Sector Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-22-2024)
$8.55
Change
$0.01 (0.11%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Strategic Income Currency Neutral Fund Series A

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Fund Returns

Inception Return (June 28, 2016): 1.52%

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 1.02% 0.88% 6.62% 0.88% 5.38% -0.04% -0.77% 2.59% 0.62% 0.85% 1.00% - - -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 83 / 276 126 / 275 113 / 275 126 / 275 114 / 266 175 / 258 152 / 251 82 / 231 159 / 216 127 / 188 103 / 154 - - -
Quartile Ranking 2 2 2 2 2 3 3 2 3 3 3 - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.54% -1.25% 0.78% 0.84% -0.39% -1.67% -1.29% 3.73% 3.22% -0.09% -0.06% 1.02%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

3.73% (November 2023)

Worst Monthly Return Since Inception

-10.11% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 4.57% -3.47% 8.72% 2.50% 1.88% -11.92% 7.03%
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 2 4 1 4 2
Category Rank - - - 42/ 154 173/ 188 68/ 216 200/ 230 38/ 248 200/ 258 100/ 266

Best Calendar Return (Last 10 years)

8.72% (2019)

Worst Calendar Return (Last 10 years)

-11.92% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 39.08
Foreign Corporate Bonds 32.36
Cash and Equivalents 24.35
Foreign Bonds - Other 1.66
US Equity 1.41
Other 1.14

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 73.46
Cash and Cash Equivalent 24.36
Energy 0.63
Financial Services 0.36
Consumer Services 0.17
Other 1.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.35
Europe 5.90
Latin America 4.34
Africa and Middle East 3.89
Asia 2.84
Other 2.68

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 1.13% 31-Aug-2028 -
CAD 1/4/2024 FORWARD CC -
United States Treasury 4.63% 15-Oct-2026 -
United States Treasury 4.75% 15-Feb-2037 -
United States Treasury 3.00% 15-Feb-2049 -
United States Treasury 2.50% 28-Feb-2026 -
USTN 4.38% 30-Nov-2030 -
United States Treasury 3.63% 15-May-2026 -
United States Treasury 3.63% 15-Feb-2053 -

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 Currency Neutral Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.67% 7.52% -
Beta 0.63% 0.49% -
Alpha 0.00% 0.01% -
Rsquared 0.42% 0.16% -
Sharpe -0.48% -0.14% -
Sortino -0.67% -0.34% -
Treynor -0.05% -0.02% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.79% 6.67% 7.52% -
Beta 0.58% 0.63% 0.49% -
Alpha 0.03% 0.00% 0.01% -
Rsquared 0.32% 0.42% 0.16% -
Sharpe 0.11% -0.48% -0.14% -
Sortino 0.80% -0.67% -0.34% -
Treynor 0.01% -0.05% -0.02% -
Tax Efficiency 72.56% - - -

Fund Details

Start Date June 28, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $0

Fund Codes

FundServ Code Load Code Sales Status
FID3500
FID3502
FID3503

Investment Objectives

The Fund aims to achieve a combination of a high level of current income and the potential for capital gains. 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 achieve a combination of a high level of current income and the potential for capital gains by investing primarily in fixed income securities of U.S. issuers and other issuers from around the world.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Strategic Income Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: 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.

Portfolio Manager(s)

Name Start Date
Joanna Bewick 06-28-2016
Ford O'Neil 06-28-2016
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 1.85%
Management Fee 1.45%
Load Back 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) -

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