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Fidelity Strategic Income Fund Series A

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Multi-Sector Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(05-23-2025) 		$10.04
Change
-$0.09 (-0.91%)

As at April 30, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jul 2015Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Apr 2022Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan…$10,000$11,000$12,000$13,000$14,000$15,000$9,500$10,500$11,500$12,500Period

Legend

Fidelity Strategic Income Fund Series A

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Fund Returns

Inception Return (May 06, 2015): 3.43%

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 -3.83% -4.33% 0.52% -2.31% 6.98% 6.07% 5.50% 3.34% 2.51% 2.07% 2.83% 1.95% 3.35% -
Benchmark -1.88% -0.51% 2.54% 0.89% 9.88% 5.80% 5.50% 1.57% 0.32% 1.49% 2.31% 1.70% 2.65% 3.09%
Category Average -0.17% 0.32% 1.22% 1.06% 6.03% 4.29% - - - - - - - -
Category Rank 324 / 334 331 / 334 272 / 328 323 / 329 114 / 314 106 / 305 39 / 294 43 / 281 137 / 259 131 / 239 85 / 214 107 / 187 62 / 149 -
Quartile Ranking 4 4 4 4 2 2 1 1 3 3 2 3 2 -

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.26% 0.93% 2.73% -1.05% 2.00% 1.45% 1.54% 1.33% 2.11% 0.56% -1.07% -3.83%
Benchmark 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96% 0.67% 1.41% 1.02% 0.37% -1.88%

Best Monthly Return Since Inception

4.64% (July 2015)

Worst Monthly Return Since Inception

-5.35% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 4.77% -0.46% 4.93% 4.21% 2.07% 0.75% -5.84% 5.42% 12.78%
Benchmark 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25% 9.76%
Category Average - - - - - - - - - 3.89%
Quartile Ranking - 3 4 1 4 4 2 1 4 1
Category Rank - 93/ 138 168/ 185 23/ 211 199/ 233 212/ 255 126/ 278 45/ 287 249/ 305 18/ 314

Best Calendar Return (Last 10 years)

12.78% (2024)

Worst Calendar Return (Last 10 years)

-5.84% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 43.14
Foreign Bonds - Funds 40.46
Foreign Corporate Bonds 7.40
Canadian Corporate Bonds 4.64
Cash and Equivalents 2.62
Other 1.74

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.04
Cash and Cash Equivalent 2.63
Energy 0.05
Other 0.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.11
Europe 6.50
Latin America 4.55
Africa and Middle East 3.64
Asia 3.12
Other 1.08

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
High Yield Investments Directly Held -
United States Treasury 1.13% 31-Aug-2028 -
United States Treasury 4.25% 31-Jan-2030 -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 4.25% 15-Jan-2028 -
United States Treasury 4.13% 15-Nov-2027 -
United States Treasury 3.88% 15-Mar-2028 -
Fidelity Canadian Money Market Investment Trust O -
United States Treasury 4.00% 15-Dec-2027 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return345678910111213-4%-2%0%2%4%6%8%10%

Fidelity Strategic Income Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.15% 5.43% -
Beta 0.73% 0.74% -
Alpha 0.01% 0.02% -
Rsquared 0.61% 0.72% -
Sharpe 0.31% 0.04% -
Sortino 0.67% -0.09% -
Treynor 0.02% 0.00% -
Tax Efficiency 74.42% 51.83% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.29% 5.15% 5.43% -
Beta 1.23% 0.73% 0.74% -
Alpha -0.05% 0.01% 0.02% -
Rsquared 0.77% 0.61% 0.72% -
Sharpe 0.51% 0.31% 0.04% -
Sortino 0.88% 0.67% -0.09% -
Treynor 0.03% 0.02% 0.00% -
Tax Efficiency 80.06% 74.42% 51.83% -

Fund Details

Start Date May 06, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
FID2712
FID2713
FID2714

Investment Objectives

The Fund aims to achieve a combination of a high level of current income and the potential for capital gains. The Fund invests primarily in fixed income securities of U.S. issuers and other issuers from around the world. Fixed income securities may include investment grade fixed income securities, higher yielding lower quality fixed income securities, senior secured floating rate debt obligations, emerging markets debt securities, convertible securities, asset-backed securities,

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 45% higher yielding lower quality fixed income securities, 25% U.S. government and investment grade fixed income securities, 15% emerging markets debt securities, and 15% foreign developed markets securities. Depending on market conditions, may vary the asset mix by up to +/-10% from the neutral mix if it believes this produces the best overall return.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Ford O'Neil
  • Adam Kramer
Sub-Advisor

Fidelity Management & Research Company LLC

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

State Street Trust Company Canada
Registrar

Fidelity Investments Canada ULC
Distributor

-

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 1.81%
Management Fee 1.45%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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