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Fidelity Global Monthly Income Fund Series B

Global Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016, 2015, 2014

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NAVPS
(02-13-2025)
$16.61
Change
$0.02 (0.10%)

As at January 31, 2025

As at December 31, 2024

Period
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Legend

Fidelity Global Monthly Income Fund Series B

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Fund Returns

Inception Return (April 18, 2007): 4.86%

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 3.45% 5.93% 8.11% 3.45% 18.23% 11.15% 5.45% 5.30% 5.24% 6.52% 5.71% 5.93% 5.26% 5.32%
Benchmark 2.72% 5.85% 8.38% 2.72% 19.75% 13.94% 7.22% 6.21% 6.79% 7.75% 6.97% 7.50% 7.02% 6.89%
Category Average 2.55% 4.15% 6.15% 2.55% 14.58% 9.96% 4.84% 5.39% 5.37% 6.25% 5.15% 5.56% 5.74% 4.93%
Category Rank 124 / 1,774 183 / 1,773 292 / 1,760 124 / 1,774 297 / 1,726 660 / 1,673 792 / 1,589 869 / 1,425 838 / 1,347 670 / 1,288 535 / 1,152 455 / 978 582 / 899 373 / 788
Quartile Ranking 1 1 1 1 1 2 2 3 3 3 2 2 3 2

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund 2.20% 2.11% -1.22% 1.75% 0.44% 3.81% -0.18% 1.75% 0.48% 3.09% -0.67% 3.45%
Benchmark 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72%

Best Monthly Return Since Inception

9.14% (January 2015)

Worst Monthly Return Since Inception

-9.42% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 17.06% 0.66% 5.49% 0.26% 11.89% 7.22% 7.19% -10.14% 6.55% 15.46%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53% 12.15%
Quartile Ranking 1 4 4 1 3 3 4 2 4 1
Category Rank 33/ 783 863/ 892 764/ 976 96/ 1,122 841/ 1,244 712/ 1,334 1,120/ 1,417 685/ 1,554 1,520/ 1,673 345/ 1,726

Best Calendar Return (Last 10 years)

17.06% (2015)

Worst Calendar Return (Last 10 years)

-10.14% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 26.72
Foreign Government Bonds 18.25
International Equity 16.66
Foreign Corporate Bonds 13.04
Foreign Bonds - Funds 11.79
Other 13.54

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 48.23
Technology 9.97
Financial Services 5.98
Real Estate 5.36
Healthcare 4.47
Other 25.99

Geographic Allocation

Geographic Allocation
Name Percent
North America 50.71
Europe 19.52
Multi-National 14.09
Asia 8.06
Latin America 1.98
Other 5.64

Top Holdings

Top Holdings
Name Percent
Fidelity Global High Yield Multi-Asset Base Fund O -
Fidelity Convertible Secur Multi-Asset Base Fd O -
Fidelity U.S. Money Market Investment Trust O -
Apple Inc -
Investment Grade CMBS Securities Directly Held -
Microsoft Corp -
High Yield Investments Directly Held -
iShares Gold Trust ETF (IAU) -
Taiwan Semiconductor Manufactrg Co Ltd -
Rheinmetall AG -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Global Monthly Income Fund Series B

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 7.75% 8.06% 7.49%
Beta 0.83% 0.91% 0.96%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.90% 0.89% 0.91%
Sharpe 0.24% 0.38% 0.51%
Sortino 0.51% 0.44% 0.50%
Treynor 0.02% 0.03% 0.04%
Tax Efficiency 89.33% 88.43% 87.79%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 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 5.69% 7.75% 8.06% 7.49%
Beta 1.00% 0.83% 0.91% 0.96%
Alpha -0.01% 0.00% -0.01% -0.01%
Rsquared 0.84% 0.90% 0.89% 0.91%
Sharpe 2.24% 0.24% 0.38% 0.51%
Sortino 7.84% 0.51% 0.44% 0.50%
Treynor 0.13% 0.02% 0.03% 0.04%
Tax Efficiency 96.59% 89.33% 88.43% 87.79%

Fund Details

Start Date April 18, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,942

Fund Codes

FundServ Code Load Code Sales Status
FID1222

Investment Objectives

The Fund aims to achieve a combination of a steady flow of income and the potential for capital gains. It invests primarily in a mix of equity securities and fixed income securities located anywhere in the world. The Fund can invest in these securities either directly or indirectly through investments in underlying funds.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 50% equity securities, including securities expected to distribute income, and 50% fixed income securities, Depending on market conditions, may vary the asset mix by up to +/-20% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 11-12-2021
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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.20%
Management Fee 1.80%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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