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Fidelity Investment Grade Total Bond Currency Neutral Fund Series A

Global Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(05-17-2024)
$8.56
Change
-$0.02 (-0.25%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Investment Grade Total Bond Currency Neutral Fund Series A

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Fund Returns

Inception Return (January 24, 2018): -0.30%

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 -2.53% -2.82% 5.30% -2.98% -1.56% -1.86% -3.70% -1.56% -0.71% -0.06% - - - -
Benchmark -1.24% -0.84% 3.25% -0.82% -1.71% 0.82% -2.84% -4.40% -1.60% -0.34% -0.68% 0.25% 1.14% 1.72%
Category Average -1.80% 4.67% 4.67% -1.95% 0.23% -0.11% -2.44% -1.17% -0.25% 0.22% 0.14% 0.59% 0.74% 1.00%
Category Rank 495 / 544 491 / 539 177 / 536 478 / 537 419 / 488 370 / 420 288 / 349 123 / 281 131 / 244 91 / 201 - - - -
Quartile Ranking 4 4 2 4 4 4 4 2 3 2 - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.21% -0.12% -0.03% -0.76% -2.73% -1.82% 4.55% 3.82% -0.17% -1.17% 0.88% -2.53%
Benchmark -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24%

Best Monthly Return Since Inception

4.55% (November 2023)

Worst Monthly Return Since Inception

-6.16% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 8.28% 6.15% -1.04% -13.27% 4.72%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - 1 3 2 4 3
Category Rank - - - - - 29/ 234 178/ 268 105/ 326 322/ 393 306/ 473

Best Calendar Return (Last 10 years)

8.28% (2019)

Worst Calendar Return (Last 10 years)

-13.27% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 61.63
Foreign Corporate Bonds 30.90
Cash and Equivalents 6.83
Canadian Corporate Bonds 0.72
Canadian Government Bonds 0.19
Other -0.27

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.37
Cash and Cash Equivalent 6.84
Consumer Services 0.07
Energy 0.06
Other -0.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.52
Latin America 6.30
Europe 5.56
Asia 0.97
Multi-National 0.57
Other 0.08

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 4.00% 31-Jan-2031 -
United States Treasury 4.50% 15-Nov-2033 -
United States Treasury 3.50% 15-Feb-2033 -
United States Treasury 2.88% 15-May-2052 -
United States Treasury 3.63% 15-Feb-2053 -
United States Treasury 4.13% 15-Aug-2053 -
United States Treasury 3.63% 31-Mar-2030 -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 3.75% 31-May-2030 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Investment Grade Total Bond Currency Neutral Fund Series A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 7.14% 6.84% -
Beta 0.69% 0.40% -
Alpha -0.02% 0.00% -
Rsquared 0.45% 0.16% -
Sharpe -0.88% -0.36% -
Sortino -1.14% -0.64% -
Treynor -0.09% -0.06% -
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 7.85% 7.14% 6.84% -
Beta 0.82% 0.69% 0.40% -
Alpha 0.00% -0.02% 0.00% -
Rsquared 0.41% 0.45% 0.16% -
Sharpe -0.78% -0.88% -0.36% -
Sortino -0.83% -1.14% -0.64% -
Treynor -0.07% -0.09% -0.06% -
Tax Efficiency - - - -

Fund Details

Start Date January 24, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3

Fund Codes

FundServ Code Load Code Sales Status
FID6167
FID6168
FID6169

Investment Objectives

The Fund aims to provide a steady flow of 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 invests primarily in a mix of fixed income securities of U.S. issuers and other issuers from around the world, with an emphasis on investment grade fixed income securities.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Investment Grade Total Bond Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Exercises broad flexibility by investing, either directly or indirectly through investments in third-tier funds for the Fund, and in an expansive set of investment grade fixed income securities.

Portfolio Manager(s)

Name Start Date
Jeffrey Moore 01-24-2018
Michael Plage 01-24-2018
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 10,000
SWP Min Withdrawal 100

Fees

MER 1.76%
Management Fee 1.35%
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) -

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