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Fidelity Canadian Short Term Bond Fund Series B

Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(02-13-2025)
$10.10
Change
$0.02 (0.17%)

As at January 31, 2025

As at December 31, 2024

Period
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Legend

Fidelity Canadian Short Term Bond Fund Series B

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Fund Returns

Inception Return (January 30, 1995): 3.47%

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 0.76% 1.62% 2.98% 0.76% 5.92% 4.51% 2.08% 0.91% 1.44% 1.71% 1.72% 1.40% 1.30% 1.16%
Benchmark 0.83% 1.78% 3.39% 0.83% 6.73% 5.12% 2.67% 1.53% 2.06% 2.29% 2.35% 2.03% 1.91% 1.80%
Category Average 0.71% 1.51% 2.89% 0.71% 5.96% 4.67% 2.29% 1.26% 1.72% 1.93% 1.85% 1.63% 1.58% 1.35%
Category Rank 185 / 330 208 / 321 217 / 317 185 / 330 217 / 304 209 / 263 206 / 250 190 / 237 185 / 227 176 / 218 158 / 204 145 / 184 145 / 179 132 / 169
Quartile Ranking 3 3 3 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund 0.00% 0.45% -0.50% 0.83% 0.71% 1.33% 0.55% 1.20% -0.41% 0.49% 0.37% 0.76%
Benchmark 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83%

Best Monthly Return Since Inception

2.79% (February 1995)

Worst Monthly Return Since Inception

-1.99% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.55% 0.35% -0.32% 0.92% 2.64% 4.54% -1.55% -4.69% 4.63% 4.91%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking 3 4 4 3 3 3 4 3 3 4
Category Rank 85/ 165 144/ 178 142/ 183 119/ 203 154/ 217 131/ 227 191/ 233 159/ 247 175/ 260 239/ 280

Best Calendar Return (Last 10 years)

4.91% (2024)

Worst Calendar Return (Last 10 years)

-4.69% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 52.08
Canadian Corporate Bonds 40.51
Cash and Equivalents 6.89
Foreign Corporate Bonds 0.33
Foreign Government Bonds 0.13
Other 0.06

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.09
Cash and Cash Equivalent 6.90
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.86
Europe 0.13
Other 0.01

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 3.95% 15-Jun-2028 -
Ontario Province 2.60% 02-Jun-2027 -
Canada Government 4.00% 01-Mar-2029 -
Canada Government 3.25% 01-Sep-2028 -
Canada Housing Trust No 1 2.90% 15-Dec-2029 -
Ontario Province 2.40% 02-Jun-2026 -
Ontario Province 2.90% 02-Jun-2028 -
Canada Housing Trust No 1 1.10% 15-Dec-2026 -
Canada Government 2.75% 01-Sep-2027 -
Quebec Province 2.50% 01-Sep-2026 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Canadian Short Term Bond Fund Series B

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.90% 2.59% 2.03%
Beta 1.02% 1.04% 1.03%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.95% 0.95%
Sharpe -0.56% -0.34% -0.23%
Sortino -0.40% -0.73% -1.06%
Treynor -0.02% -0.01% 0.00%
Tax Efficiency 61.97% 52.20% 40.26%
Volatility Volatility rating is 1 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 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.95% 2.90% 2.59% 2.03%
Beta 1.03% 1.02% 1.04% 1.03%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 1.00% 0.99% 0.95% 0.95%
Sharpe 0.79% -0.56% -0.34% -0.23%
Sortino 2.72% -0.40% -0.73% -1.06%
Treynor 0.02% -0.02% -0.01% 0.00%
Tax Efficiency 84.40% 61.97% 52.20% 40.26%

Fund Details

Start Date January 30, 1995
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $203

Fund Codes

FundServ Code Load Code Sales Status
FID285

Investment Objectives

The Fund aims to achieve a high level of current income while protecting capital. It invests primarily in Canadian fixed income securities.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses the FTSE Canada Short Term 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 similar to that of 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, industry, or maturity.

Portfolio Manager(s)

Name Start Date
Catriona Martin 06-03-2013
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 50
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 500

Fees

MER 1.15%
Management Fee 1.00%
Load Back 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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