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Fidelity Premium Fixed Income Private Pool Series B

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-22-2024)
$10.00
Change
-$0.01 (-0.08%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Premium Fixed Income Private Pool Series B

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Fund Returns

Inception Return (November 26, 2008): 2.68%

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 0.41% -1.21% 6.82% -1.21% 1.94% -0.47% -2.10% -0.69% -0.20% 0.52% 0.56% 0.66% 0.54% 1.34%
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.52% 6.86% 6.86% -1.11% 2.05% -0.60% -2.10% -0.66% -0.15% 0.47% 0.49% 0.61% 0.47% 1.18%
Category Rank 576 / 625 476 / 621 380 / 616 476 / 621 389 / 604 393 / 586 390 / 560 315 / 531 337 / 495 301 / 457 271 / 422 253 / 384 224 / 347 190 / 320
Quartile Ranking 4 4 3 4 3 3 3 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.90% -1.56% 0.00% -1.03% -0.25% -2.68% 0.27% 4.24% 3.44% -1.29% -0.33% 0.41%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

4.31% (January 2015)

Worst Monthly Return Since Inception

-4.21% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.76% 2.22% 1.19% 2.05% 0.28% 6.61% 8.22% -2.82% -12.43% 6.07%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 2 3 3 2 3 2 3 3 3 3
Category Rank 126/ 312 187/ 343 273/ 375 180/ 420 291/ 446 191/ 492 327/ 522 332/ 553 427/ 582 421/ 598

Best Calendar Return (Last 10 years)

8.22% (2020)

Worst Calendar Return (Last 10 years)

-12.43% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 51.87
Canadian Corporate Bonds 44.27
Cash and Equivalents 2.57
Mortgages 0.66
Foreign Corporate Bonds 0.61
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.43
Cash and Cash Equivalent 2.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.86
Europe 0.14

Top Holdings

Top Holdings
Name Percent
Canada Government 2.75% 01-Jun-2033 -
Canada Government 3.25% 01-Sep-2028 -
CANADA HSG TR1 4.25% 15-Mar-2034 -
Canada Government 1.50% 01-Dec-2031 -
Ontario Province 3.75% 02-Jun-2032 -
Canada Housing Trust No 1 3.55% 15-Sep-2032 -
Canada Government 0.50% 01-Dec-2030 -
Ontario Province 2.60% 02-Jun-2025 -
Ontario Province 2.70% 02-Jun-2029 -
Canada Government 1.75% 01-Dec-2053 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Premium Fixed Income Private Pool Series B

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.82% 6.53% 5.30%
Beta 1.03% 1.04% 1.00%
Alpha -0.01% 0.00% -0.01%
Rsquared 1.00% 0.97% 0.97%
Sharpe -0.66% -0.29% 0.02%
Sortino -0.92% -0.60% -0.39%
Treynor -0.04% -0.02% 0.00%
Tax Efficiency - - 37.59%
Volatility Volatility rating is 3 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.85% 6.82% 6.53% 5.30%
Beta 1.00% 1.03% 1.04% 1.00%
Alpha 0.00% -0.01% 0.00% -0.01%
Rsquared 1.00% 1.00% 0.97% 0.97%
Sharpe -0.38% -0.66% -0.29% 0.02%
Sortino -0.21% -0.92% -0.60% -0.39%
Treynor -0.03% -0.04% -0.02% 0.00%
Tax Efficiency 43.77% - - 37.59%

Fund Details

Start Date November 26, 2008
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
FID9015

Investment Objectives

The Pool aims to provide a steady flow of income. 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 provide a steady flow of income by investing primarily in Canadian fixed income securities. We can’t change the Pool’s investment objectives unless we get approval from a majority of unitholders who vote at a special meeting we call.

Investment Strategy

The strategies described below relate to the Pool and the underlying fund, Fidelity Canadian Bond Fund. To meet the Pool’s objectives, the portfolio management team of the underlying fund: Uses the FTSE Canada Universe Bond Index as a guide to structuring the underlying fund’s portfolio and selecting investments, and manages the underlying fund to have an overall interest rate risk that is similar to the index.

Portfolio Manager(s)

Name Start Date
Catriona Martin 07-01-2012
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 -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 150,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.17%
Management Fee 0.95%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.00%
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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