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Fidelity American High Yield Currency Neutral Fund Series B
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
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|
NAVPS (10-08-2026) |
$7.85 |
|---|---|
| Change |
-$0.02
(-0.22%)
|
As at September 30, 2026
As at June 30, 2026
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Fund Returns
Inception Return (November 06, 2006): 4.46%
| 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 | -2.35% | -2.44% | -0.72% | -1.26% | -0.29% | 2.72% | 6.13% | 6.79% | 2.55% | 4.17% | 3.20% | 3.18% | 3.07% | 3.41% |
| Benchmark | -0.43% | -1.85% | 2.60% | 3.31% | 2.96% | 7.15% | 10.31% | 10.47% | 5.25% | 5.18% | 5.13% | 5.53% | 5.43% | 5.34% |
| Category Average | -1.92% | -1.81% | 0.35% | -0.20% | 0.49% | 3.07% | 6.16% | 6.04% | 2.05% | 3.07% | 2.94% | 3.06% | 2.88% | 3.10% |
| Category Rank | 212 / 259 | 210 / 257 | 237 / 257 | 190 / 255 | 172 / 254 | 145 / 246 | 136 / 243 | 114 / 239 | 112 / 233 | 83 / 223 | 122 / 218 | 122 / 208 | 106 / 189 | 91 / 174 |
| Quartile Ranking | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.18% | 0.22% | 0.58% | 0.50% | 0.11% | -1.15% | 1.46% | 0.45% | -0.15% | -0.55% | 0.46% | -2.35% |
| Benchmark | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% | -0.14% | -0.43% |
Best Monthly Return Since Inception
8.25% (April 2009)
Worst Monthly Return Since Inception
-15.17% (October 2008)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 11.00% | 5.87% | -4.54% | 12.40% | 0.59% | 7.41% | -9.62% | 10.10% | 7.27% | 7.01% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 3 | 2 | 4 | 1 | 4 | 1 | 2 | 2 | 3 | 1 |
| Category Rank | 123/ 172 | 60/ 180 | 155/ 191 | 50/ 215 | 196/ 221 | 28/ 226 | 105/ 233 | 96/ 239 | 151/ 245 | 41/ 246 |
Best Calendar Return (Last 10 years)
12.40% (2019)
Worst Calendar Return (Last 10 years)
-9.62% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 93.95 |
| US Equity | 1.84 |
| Foreign Government Bonds | 1.83 |
| Cash and Equivalents | 1.37 |
| Canadian Corporate Bonds | 0.78 |
| Other | 0.23 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 96.73 |
| Cash and Cash Equivalent | 1.37 |
| Utilities | 0.79 |
| Financial Services | 0.25 |
| Energy | 0.21 |
| Other | 0.65 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 94.43 |
| Europe | 3.11 |
| Latin America | 1.33 |
| Asia | 0.56 |
| Other | 0.57 |
Top Holdings
| Name | Percent |
|---|---|
| Fidelity U.S. Money Market Investment Trust O | - |
| EchoStar Corp 10.75% 30-Nov-2029 | - |
| ACRISURE HLDNGS INC SER A-2 PC 0.00% 31-Dec-2199 | - |
| NEPTUNE BID US 1 TM B 8.77% 03-Feb-2033 | - |
| Vistra Corp | - |
| Pacific Gas and Electric Co 4.95% 01-Jan-2050 | - |
| PG&E Corp 5.25% 01-Jul-2025 | - |
| TransDigm Inc 6.75% 15-Aug-2028 | - |
| ALTICE FRANCE 6.50% 15-Apr-2032 | - |
| TransDigm Inc 6.38% 31-May-2033 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity American High Yield Currency Neutral Fund Series B
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 4.32% | 6.45% | 7.19% |
|---|---|---|---|
| Beta | 0.26 | 0.61 | 0.67 |
| Alpha | 0.03 | -0.01 | 0.00 |
| Rsquared | 0.07% | 0.34% | 0.34% |
| Sharpe | 0.64 | -0.05 | 0.23 |
| Sortino | 1.23 | -0.06 | 0.11 |
| Treynor | 0.11 | -0.01 | 0.02 |
| Tax Efficiency | 65.59% | 20.49% | 45.09% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.37% | 4.32% | 6.45% | 7.19% |
| Beta | 0.09 | 0.26 | 0.61 | 0.67 |
| Alpha | 0.00 | 0.03 | -0.01 | 0.00 |
| Rsquared | 0.01% | 0.07% | 0.34% | 0.34% |
| Sharpe | -0.73 | 0.64 | -0.05 | 0.23 |
| Sortino | -1.05 | 1.23 | -0.06 | 0.11 |
| Treynor | -0.29 | 0.11 | -0.01 | 0.02 |
| Tax Efficiency | - | 65.59% | 20.49% | 45.09% |
Fund Details
| Start Date | November 06, 2006 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID1255 | FE | Open |
Investment Objectives
The Fund aims to achieve a combination of a high level 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 aims to achieve a combination of a high level of income and the potential for capital gains by investing primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities.
Investment Strategy
The strategies described below relate to the Fund and the underlying fund, Fidelity American High Yield Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: When buying and selling high yield securities, examines each issuer’s potential based on factors, such as: > Financial condition. > Industry position. > Economic and market conditions. > The security’s features. > Price compared to estimated long-term value. > Earnings potential. > Credit standing.
Portfolio Management
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Management & Research Company LLC |
Management and Organization
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
CIBC Mellon Trust Company State Street Trust Company Canada |
| Registrar |
Fidelity Investments Canada ULC |
| Distributor |
Fidelity Investments Canada ULC |
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 | 1.56% |
|---|---|
| Management Fee | 1.25% |
| 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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