Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports

Fidelity American High Yield Currency Neutral Fund Series B

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2025)
$8.19
Change
-$0.02 (-0.19%)

As at May 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2007Jan 20…Jan 2008Jan 2009Jan 2010Jan 2011Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024$5,000$10,000$15,000$20,000$25,000$9,000$9,500$10,500$11,000$11,500$12,000Period

Legend

Fidelity American High Yield Currency Neutral Fund Series B

Compare Options


Fund Returns

Inception Return (November 06, 2006): 4.56%

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 1.47% 0.17% 0.63% 1.60% 6.89% 8.26% 5.13% 3.00% 5.08% 3.55% 3.41% 3.16% 3.89% 3.18%
Benchmark 1.07% -2.34% 2.00% -0.08% 11.86% 11.73% 10.19% 5.68% 5.07% 4.65% 5.25% 4.38% 5.67% 5.61%
Category Average 1.41% -0.01% 1.21% 1.56% 6.80% 7.48% 4.72% 1.91% 3.87% 3.11% 3.09% 2.84% 3.53% 2.96%
Category Rank 77 / 241 50 / 241 189 / 238 69 / 238 122 / 237 104 / 231 119 / 228 77 / 222 83 / 215 110 / 209 108 / 190 93 / 181 90 / 165 93 / 156
Quartile Ranking 2 1 4 2 3 2 3 2 2 3 3 3 3 3

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.50% 1.51% 1.20% 2.05% -0.45% 1.27% -0.96% 1.25% 0.17% -1.17% -0.11% 1.47%
Benchmark 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07%

Best Monthly Return Since Inception

8.25% (April 2009)

Worst Monthly Return Since Inception

-15.17% (October 2008)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -3.47% 11.00% 5.87% -4.54% 12.40% 0.59% 7.41% -9.62% 10.10% 7.27%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 3 3 2 4 1 4 1 2 2 3
Category Rank 81/ 150 116/ 164 53/ 172 148/ 183 49/ 207 189/ 214 23/ 218 93/ 225 100/ 231 143/ 237

Best Calendar Return (Last 10 years)

12.40% (2019)

Worst Calendar Return (Last 10 years)

-9.62% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 86.75
Cash and Equivalents 9.47
US Equity 2.65
Foreign Government Bonds 0.81
Canadian Government Bonds 0.29
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 87.86
Cash and Cash Equivalent 9.47
Energy 0.78
Utilities 0.69
Financial Services 0.29
Other 0.91

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.56
Europe 0.37
Latin America 0.06
Other 0.01

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
EchoStar Corp 10.75% 30-Nov-2029 -
Uber Technologies Inc 4.50% 09-Jun-2025 -
Pacific Gas and Electric Co 4.95% 01-Jan-2050 -
SCHWAB CHARLES 5.38% 31-Dec-2199 -
Altice France SA 5.13% 15-Jul-2029 -
TransDigm Inc 6.75% 15-Aug-2028 -
Vistra Corp -
TransDigm Inc 5.50% 15-Nov-2027 -
Ero Copper Corp 6.50% 15-Feb-2030 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return123456789101112130%2%4%6%8%10%12%

Fidelity American High Yield Currency Neutral Fund Series B

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.45% 6.75% 7.50%
Beta 0.80% 0.65% 0.63%
Alpha -0.03% 0.02% 0.00%
Rsquared 0.44% 0.37% 0.31%
Sharpe 0.18% 0.41% 0.23%
Sortino 0.43% 0.47% 0.07%
Treynor 0.02% 0.04% 0.03%
Tax Efficiency 61.51% 64.53% 42.47%
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 3.66% 7.45% 6.75% 7.50%
Beta 0.17% 0.80% 0.65% 0.63%
Alpha 0.05% -0.03% 0.02% 0.00%
Rsquared 0.07% 0.44% 0.37% 0.31%
Sharpe 0.88% 0.18% 0.41% 0.23%
Sortino 1.85% 0.43% 0.47% 0.07%
Treynor 0.19% 0.02% 0.04% 0.03%
Tax Efficiency 71.44% 61.51% 64.53% 42.47%

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) $37

Fund Codes

FundServ Code Load Code Sales Status
FID1255

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

  • Harley Lank
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 1.57%
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) -

Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports