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Fidelity Canadian Short Term Bond Fund Series B

Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$9.74
Change
$0.01 (0.06%)

As at March 31, 2024

As at December 31, 2023

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): 3.39%

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 0.45% 0.25% 4.28% 0.25% 3.24% 1.61% -0.27% 0.60% 0.77% 1.06% 0.78% 0.78% 0.71% 0.93%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.41% 4.41% 0.55% 3.84% 1.74% 0.16% 1.11% 1.09% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 178 / 322 257 / 289 191 / 287 257 / 289 220 / 272 196 / 262 196 / 245 193 / 236 179 / 227 162 / 211 154 / 196 146 / 183 133 / 171 112 / 155
Quartile Ranking 3 4 3 4 4 3 4 4 4 4 4 4 4 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.44% -0.88% -0.30% -0.06% 0.27% -0.45% 0.72% 1.72% 1.53% -0.21% 0.00% 0.45%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

2.79% (February 1995)

Worst Monthly Return Since Inception

-1.99% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.39% 1.55% 0.35% -0.32% 0.92% 2.64% 4.54% -1.55% -4.69% 4.63%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 2 4 4 3 3 3 4 3 3
Category Rank 84/ 146 80/ 167 144/ 180 143/ 188 116/ 208 154/ 225 133/ 235 197/ 241 164/ 255 179/ 269

Best Calendar Return (Last 10 years)

4.63% (2023)

Worst Calendar Return (Last 10 years)

-4.69% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 46.77
Canadian Corporate Bonds 42.51
Cash and Equivalents 9.84
Foreign Corporate Bonds 0.58
Mortgages 0.37
Other -0.07

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.25
Cash and Cash Equivalent 9.84
Other -0.09

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.96
Europe 0.13
Other -0.09

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 -
Ontario Province 2.60% 02-Jun-2027 -
Ontario Province 2.40% 02-Jun-2026 -
Canada Housing Trust No 1 3.95% 15-Jun-2028 -
Canada Housing Trust No 1 1.55% 15-Dec-2026 -
Ontario Province 2.90% 02-Jun-2028 -
Canada Government 2.75% 01-Sep-2027 -
Canada Government 3.00% 01-Apr-2026 -
Quebec Province 2.50% 01-Sep-2026 -
Ontario Province 1.75% 08-Sep-2025 -

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 2.73% 2.45% 1.98%
Beta 1.02% 1.04% 1.02%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.94% 0.95%
Sharpe -1.04% -0.46% -0.22%
Sortino -1.33% -1.06% -1.20%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - 16.24% 28.04%
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 2.67% 2.73% 2.45% 1.98%
Beta 1.04% 1.02% 1.04% 1.02%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.94% 0.95%
Sharpe -0.57% -1.04% -0.46% -0.22%
Sortino 0.14% -1.33% -1.06% -1.20%
Treynor -0.01% -0.03% -0.01% 0.00%
Tax Efficiency 74.56% - 16.24% 28.04%

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 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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