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Fidelity Income Allocation Fund Series B

Canadian Fix Inc Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016, 2015, 2014

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025)
$16.01
Change
-$0.06 (-0.40%)

As at May 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jul 2005Jan 2007Jul 2008Jan 2010Jul 2011Jan 2013Jul 2014Jan 2016Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025Jul 2022Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Apr 2025Jan 2007Jan 2010Jan 2013Jan 2016Jan 2019Jan 2022Jan 2025Ja…$10,000$15,000$20,000$25,000$30,000$35,000$9,500$10,500$11,000$11,500$12,000Period

Legend

Fidelity Income Allocation Fund Series B

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Fund Returns

Inception Return (May 25, 2005): 6.20%

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 0.48% -0.35% 1.74% 2.71% 10.05% 7.64% 5.40% 3.41% 3.83% 3.79% 4.08% 3.41% 3.53% 3.38%
Benchmark 1.45% 0.24% 1.49% 2.73% 11.95% 8.28% 5.45% 2.91% 3.57% 3.79% 4.13% 3.76% 3.93% 3.66%
Category Average 1.50% -0.63% 0.68% 1.76% 8.31% 7.53% 5.01% 2.42% 3.40% 3.28% 3.34% 2.95% 3.23% 2.91%
Category Rank 393 / 396 147 / 395 44 / 395 36 / 395 54 / 393 217 / 390 191 / 386 99 / 368 155 / 335 130 / 323 93 / 287 110 / 272 130 / 257 98 / 236
Quartile Ranking 4 2 1 1 1 3 2 2 2 2 2 2 3 2

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.53% 3.53% 0.31% 2.44% -0.33% 1.47% -0.95% 1.78% 1.28% 0.28% -1.11% 0.48%
Benchmark 1.88% 3.07% 0.70% 2.15% -0.59% 2.72% -1.20% 1.71% 0.76% -0.59% -0.60% 1.45%

Best Monthly Return Since Inception

6.98% (May 2009)

Worst Monthly Return Since Inception

-10.36% (October 2008)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 4.34% 3.92% 1.34% 0.49% 7.89% 6.67% 4.71% -7.09% 5.05% 9.23%
Benchmark 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79% 8.33%
Category Average 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21% 8.35%
Quartile Ranking 1 3 4 1 4 3 2 1 4 2
Category Rank 31/ 236 157/ 246 266/ 269 16/ 282 246/ 303 203/ 333 140/ 356 26/ 370 383/ 388 140/ 392

Best Calendar Return (Last 10 years)

9.23% (2024)

Worst Calendar Return (Last 10 years)

-7.09% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 27.77
Canadian Corporate Bonds 17.16
Canadian Equity 16.18
International Equity 7.81
Foreign Government Bonds 5.98
Other 25.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 59.93
Consumer Goods 6.29
Utilities 4.50
Exchange Traded Fund 4.16
Cash and Cash Equivalent 3.92
Other 21.20

Geographic Allocation

Geographic Allocation
Name Percent
North America 78.43
Europe 6.21
Asia 4.64
Latin America 2.83
Multi-National 2.66
Other 5.23

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Currency Neut Fd B -
iShares Gold Trust ETF (IAU) -
Investment Grade CMBS Securities Directly Held -
Fidelity Canadian Money Market Investment Trust O -
High Yield Investments Directly Held -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
TC Energy Corp -
BCE Inc -
Fortis Inc -
Rogers Communications Inc Cl B -

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return567891011120%2%4%6%8%10%

Fidelity Income Allocation Fund Series B

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 5.92% 5.55% 5.28%
Beta 0.75% 0.78% 0.83%
Alpha 0.01% 0.01% 0.00%
Rsquared 0.90% 0.90% 0.89%
Sharpe 0.25% 0.26% 0.33%
Sortino 0.66% 0.25% 0.13%
Treynor 0.02% 0.02% 0.02%
Tax Efficiency 77.08% 68.89% 70.17%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 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 4.72% 5.92% 5.55% 5.28%
Beta 0.82% 0.75% 0.78% 0.83%
Alpha 0.00% 0.01% 0.01% 0.00%
Rsquared 0.75% 0.90% 0.90% 0.89%
Sharpe 1.31% 0.25% 0.26% 0.33%
Sortino 3.53% 0.66% 0.25% 0.13%
Treynor 0.08% 0.02% 0.02% 0.02%
Tax Efficiency 90.74% 77.08% 68.89% 70.17%

Fund Details

Start Date May 25, 2005
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,170

Fund Codes

FundServ Code Load Code Sales Status
FID294

Investment Objectives

The Fund aims to achieve a high total investment return. It invests primarily in investment grade fixed income securities, higher yielding lower quality fixed income securities, equity securities of companies that pay dividends or are expected to pay dividends, and other securities that are expected to distribute income. 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 30% equity securities and 70% fixed income securities. May vary the asset mix from the neutral mix if it believes this produces the best overall balance of risk and return. Generally keeps the Fund’s asset mix within the following ranges: 0%-50% equity securities and 50%-100% fixed income securities.

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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.74%
Management Fee 1.40%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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