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Fidelity Floating Rate High Income Fund Series B
Floating Rate Loan
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
FundGrade A+® Rating Recipient
2023, 2016
Click for more information on Fundata’s FundGrade
|
NAVPS (05-13-2026) |
$11.72 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at April 30, 2026
As at December 31, 2025
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Legend
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Fund Returns
Inception Return (October 16, 2013): 5.82%
| 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 | -1.28% | 0.57% | -1.45% | -0.18% | 4.40% | 4.31% | 6.81% | 7.20% | 7.05% | 5.96% | 4.36% | 4.76% | 3.87% | 4.98% |
| Benchmark | 0.63% | -0.34% | -0.30% | -0.38% | 5.43% | 9.30% | 9.49% | 10.93% | 7.31% | 8.21% | 5.56% | 4.98% | 4.80% | 5.77% |
| Category Average | 1.02% | 1.01% | 1.11% | 0.90% | 3.96% | 3.59% | 5.23% | 4.08% | 3.40% | 5.02% | 2.88% | 2.94% | 3.08% | 3.50% |
| Category Rank | 75 / 81 | 57 / 81 | 75 / 81 | 67 / 81 | 24 / 81 | 33 / 77 | 21 / 76 | 9 / 76 | 7 / 75 | 27 / 75 | 20 / 70 | 16 / 67 | 18 / 60 | 14 / 56 |
| Quartile Ranking | 4 | 3 | 4 | 4 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 1 | 2 | 1 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.18% | 0.10% | 2.11% | -0.51% | 2.05% | 0.89% | -0.13% | -1.15% | -0.74% | -0.82% | 2.72% | -1.28% |
| Benchmark | 0.79% | 3.17% | -0.61% | 1.78% | 1.96% | -1.40% | 0.48% | -0.39% | -0.04% | -0.27% | -0.70% | 0.63% |
Best Monthly Return Since Inception
9.60% (January 2015)
Worst Monthly Return Since Inception
-7.94% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 5.02% | -3.70% | 7.70% | 1.88% | -1.24% | 3.67% | 5.80% | 8.86% | 16.92% | -0.57% |
| Benchmark | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% | 12.24% |
| Category Average | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% | 1.90% |
| Quartile Ranking | 4 | 4 | 1 | 4 | 4 | 3 | 1 | 4 | 1 | 4 |
| Category Rank | 49/ 55 | 56/ 58 | 6/ 67 | 68/ 69 | 61/ 75 | 53/ 75 | 3/ 75 | 66/ 76 | 8/ 77 | 76/ 81 |
Best Calendar Return (Last 10 years)
16.92% (2024)
Worst Calendar Return (Last 10 years)
-3.70% (2017)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 90.36 |
| Cash and Equivalents | 4.94 |
| Canadian Corporate Bonds | 2.71 |
| US Equity | 1.62 |
| International Equity | 0.32 |
| Other | 0.05 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.14 |
| Cash and Cash Equivalent | 4.95 |
| Energy | 0.91 |
| Technology | 0.04 |
| Other | 0.96 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 94.89 |
| Europe | 3.82 |
| Latin America | 0.70 |
| Other | 0.59 |
Top Holdings
| Name | Percent |
|---|---|
| BASS PRO TERM B 1LN 6.97% 23-Jan-2032 | - |
| U.S. DOLLAR | - |
| GOLDEN NUGGET TM B 1LN 6.97% 29-Jan-2029 | - |
| SOLERA TERM B 1LN 7.85% 02-Jun-2028 | - |
| SFR TERM B14 1LN 10.86% 31-May-2031 | - |
| ASURION TM B12 1LN 7.97% 19-Sep-2030 | - |
| NOVOLEX TERM 1LN 6.89% 13-Apr-2029 | - |
| UKG TERM B 1LN 6.34% 10-Feb-2031 | - |
| Fidelity U.S. Money Market Investment Trust O | - |
| PERATON TERM B 1LN 7.69% 01-Feb-2028 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Floating Rate High Income Fund Series B
Median
Other - Floating Rate Loan
3 Yr Annualized
| Standard Deviation | 6.04% | 6.17% | 6.79% |
|---|---|---|---|
| Beta | 0.14 | 0.18 | 0.48 |
| Alpha | 0.05 | 0.06 | 0.02 |
| Rsquared | 0.01% | 0.03% | 0.26% |
| Sharpe | 0.52 | 0.67 | 0.47 |
| Sortino | 0.98 | 1.04 | 0.44 |
| Treynor | 0.22 | 0.23 | 0.07 |
| Tax Efficiency | 58.22% | 66.39% | 61.83% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.80% | 6.04% | 6.17% | 6.79% |
| Beta | -0.12 | 0.14 | 0.18 | 0.48 |
| Alpha | 0.05 | 0.05 | 0.06 | 0.02 |
| Rsquared | 0.01% | 0.01% | 0.03% | 0.26% |
| Sharpe | 0.43 | 0.52 | 0.67 | 0.47 |
| Sortino | 0.53 | 0.98 | 1.04 | 0.44 |
| Treynor | -0.17 | 0.22 | 0.23 | 0.07 |
| Tax Efficiency | 42.52% | 58.22% | 66.39% | 61.83% |
Fund Details
| Start Date | October 16, 2013 |
|---|---|
| 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 |
|---|---|---|
| FID2187 |
Investment Objectives
The Fund aims to provide a steady flow of income. It invests primarily in floating rate debt instruments and other floating rate securities of issuers located in the United States or that are denominated in U.S. dollars.
Investment Strategy
To meet the Fund’s objectives, the portfolio management team: Invests primarily in floating rate debt instruments, which generally pay interest at rates that are variable or reset periodically at a margin above a generally recognized base lending rate, such as the prime rate, the London Interbank Offered Rate (LIBOR), the Secured Overnight Financing Rate (SOFR) or another generally recognized base lending rate used by commercial banks and lenders.
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 |
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 | 10,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.50% |
|---|---|
| Management Fee | 1.20% |
| 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) | - |
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