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Fidelity Floating Rate High Income Currency Neutral Fund Series B
Floating Rate Loan
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-13-2026) |
$8.39 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at April 30, 2026
As at December 31, 2025
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Legend
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Fund Returns
Inception Return (May 28, 2014): 3.02%
| 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 | 0.94% | 0.40% | 0.87% | 0.31% | 4.11% | 3.56% | 5.53% | 4.73% | 4.13% | 5.61% | 3.30% | 3.15% | 3.08% | 3.37% |
| 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 | 35 / 81 | 65 / 81 | 43 / 81 | 54 / 81 | 34 / 81 | 56 / 77 | 46 / 76 | 35 / 76 | 33 / 75 | 39 / 75 | 36 / 70 | 40 / 67 | 37 / 60 | 36 / 56 |
| Quartile Ranking | 2 | 4 | 3 | 3 | 2 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.48% | 0.71% | 0.22% | 0.21% | 0.59% | -0.04% | 0.11% | 0.45% | -0.09% | -1.14% | 0.61% | 0.94% |
| 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
4.10% (April 2020)
Worst Monthly Return Since Inception
-12.85% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.87% | 2.18% | -1.50% | 6.24% | -0.58% | 4.12% | -1.48% | 10.57% | 7.17% | 2.31% |
| 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 | 3 | 4 | 4 | 2 | 3 | 3 | 2 | 2 | 4 | 2 |
| Category Rank | 30/ 55 | 46/ 58 | 60/ 67 | 31/ 69 | 40/ 75 | 39/ 75 | 29/ 75 | 32/ 76 | 62/ 77 | 31/ 81 |
Best Calendar Return (Last 10 years)
10.57% (2023)
Worst Calendar Return (Last 10 years)
-1.50% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 89.02 |
| Cash and Equivalents | 6.30 |
| Canadian Corporate Bonds | 2.66 |
| US Equity | 1.61 |
| International Equity | 0.32 |
| Other | 0.09 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 91.75 |
| Cash and Cash Equivalent | 6.31 |
| Energy | 0.91 |
| Technology | 0.04 |
| Other | 0.99 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 94.91 |
| Europe | 3.76 |
| Latin America | 0.70 |
| Other | 0.63 |
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 | - |
| CAD 1/5/2026 FORWARD CC | - |
| 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 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Floating Rate High Income Currency Neutral Fund Series B
Median
Other - Floating Rate Loan
3 Yr Annualized
| Standard Deviation | 2.29% | 3.22% | 5.38% |
|---|---|---|---|
| Beta | 0.05 | 0.17 | 0.44 |
| Alpha | 0.05 | 0.03 | 0.01 |
| Rsquared | 0.01% | 0.12% | 0.34% |
| Sharpe | 0.78 | 0.38 | 0.29 |
| Sortino | 1.82 | 0.46 | 0.10 |
| Treynor | 0.35 | 0.07 | 0.04 |
| Tax Efficiency | 48.80% | 43.66% | 44.74% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.22% | 2.29% | 3.22% | 5.38% |
| Beta | 0.18 | 0.05 | 0.17 | 0.44 |
| Alpha | 0.03 | 0.05 | 0.03 | 0.01 |
| Rsquared | 0.13% | 0.01% | 0.12% | 0.34% |
| Sharpe | 0.75 | 0.78 | 0.38 | 0.29 |
| Sortino | 0.72 | 1.82 | 0.46 | 0.10 |
| Treynor | 0.09 | 0.35 | 0.07 | 0.04 |
| Tax Efficiency | 37.87% | 48.80% | 43.66% | 44.74% |
Fund Details
| Start Date | May 28, 2014 |
|---|---|
| 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 |
|---|---|---|
| FID2673 |
Investment Objectives
The Fund 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 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
The strategies described below relate to the Fund and the underlying fund, Fidelity Floating Rate High Income Multi-Asset Base Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: 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.
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 | 5,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 1.51% |
|---|---|
| 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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