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Fidelity American High Yield Fund Series B
High Yield Fixed Income
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024, 2023, 2017, 2016
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|
NAVPS (05-13-2026) |
$9.52 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at April 30, 2026
As at December 31, 2025
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Legend
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Fund Returns
Inception Return (January 31, 1994): 5.68%
| 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 | -0.73% | 0.65% | -0.50% | 0.48% | 8.30% | 8.15% | 8.51% | 8.17% | 6.74% | 6.40% | 4.90% | 5.53% | 4.51% | 5.95% |
| Benchmark | -0.18% | 0.77% | -0.37% | 0.52% | 7.36% | 9.01% | 9.45% | 8.89% | 5.57% | 5.99% | 4.77% | 5.36% | 4.58% | 6.19% |
| Category Average | 1.50% | 0.42% | 1.42% | 0.95% | 6.83% | 6.69% | 6.46% | 4.71% | 2.66% | 4.65% | 3.31% | 3.36% | 3.18% | 3.77% |
| Category Rank | 238 / 247 | 73 / 246 | 231 / 244 | 157 / 245 | 49 / 241 | 41 / 237 | 39 / 231 | 13 / 228 | 5 / 222 | 54 / 214 | 35 / 208 | 20 / 190 | 34 / 178 | 20 / 164 |
| Quartile Ranking | 4 | 2 | 4 | 3 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.19% | 1.45% | 2.40% | 0.27% | 2.15% | 1.10% | -0.01% | -0.97% | -0.16% | 0.46% | 0.92% | -0.73% |
| Benchmark | 1.07% | 1.47% | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% |
Best Monthly Return Since Inception
10.23% (January 2015)
Worst Monthly Return Since Inception
-28.20% (August 1998)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 8.49% | -0.17% | 4.56% | 7.95% | 0.27% | 6.59% | -2.67% | 8.55% | 17.23% | 4.12% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 4 | 4 | 1 | 4 | 4 | 1 | 1 | 3 | 1 | 4 |
| Category Rank | 140/ 163 | 168/ 171 | 6/ 182 | 177/ 206 | 193/ 213 | 39/ 218 | 8/ 225 | 168/ 231 | 10/ 237 | 206/ 238 |
Best Calendar Return (Last 10 years)
17.23% (2024)
Worst Calendar Return (Last 10 years)
-2.67% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 85.56 |
| Cash and Equivalents | 9.30 |
| US Equity | 2.39 |
| Foreign Government Bonds | 1.97 |
| Canadian Corporate Bonds | 0.58 |
| Other | 0.20 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 88.11 |
| Cash and Cash Equivalent | 9.30 |
| Utilities | 0.65 |
| Financial Services | 0.26 |
| Energy | 0.19 |
| Other | 1.49 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 96.35 |
| Europe | 2.14 |
| Latin America | 1.04 |
| Asia | 0.22 |
| Other | 0.25 |
Top Holdings
| Name | Percent |
|---|---|
| Fidelity U.S. Money Market Investment Trust O | - |
| EchoStar Corp 10.75% 30-Nov-2029 | - |
| MESQUITE ENERGY INC | - |
| EchoStar Corp 3.88% 30-Nov-2030 | - |
| PG&E Corp 5.25% 01-Jul-2025 | - |
| ACRISURE HLDNGS INC SER A-2 PC 0.00% 31-Dec-2199 | - |
| Frontier Comms Holdings LLC 5.00% 01-May-2028 | - |
| Pacific Gas and Electric Co 4.95% 01-Jan-2050 | - |
| Vistra Corp | - |
| TransDigm Inc 6.75% 15-Aug-2028 | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity American High Yield Fund Series B
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 5.02% | 5.85% | 6.49% |
|---|---|---|---|
| Beta | 1.03 | 0.87 | 0.94 |
| Alpha | -0.01 | 0.02 | 0.00 |
| Rsquared | 0.85% | 0.82% | 0.85% |
| Sharpe | 0.93 | 0.66 | 0.63 |
| Sortino | 1.67 | 0.96 | 0.67 |
| Treynor | 0.05 | 0.04 | 0.04 |
| Tax Efficiency | 76.32% | 72.18% | 67.92% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.67% | 5.02% | 5.85% | 6.49% |
| Beta | 1.10 | 1.03 | 0.87 | 0.94 |
| Alpha | 0.00 | -0.01 | 0.02 | 0.00 |
| Rsquared | 0.81% | 0.85% | 0.82% | 0.85% |
| Sharpe | 1.55 | 0.93 | 0.66 | 0.63 |
| Sortino | 3.09 | 1.67 | 0.96 | 0.67 |
| Treynor | 0.05 | 0.05 | 0.04 | 0.04 |
| Tax Efficiency | 75.59% | 76.32% | 72.18% | 67.92% |
Fund Details
| Start Date | January 31, 1994 |
|---|---|
| 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 |
|---|---|---|
| FID255 |
Investment Objectives
The Fund aims to achieve a combination of a high level of income and the potential for capital gains. It invests primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities issued by U.S. companies.
Investment Strategy
To meet the Fund’s objectives, the portfolio management team: 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. > Quality of management. May by situation, consider ESG criteria when evaluating investment opportunities.
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 | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 1.54% |
|---|---|
| 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) | - |
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