Try Fund Library Premium
For Free with a 30 day trial!
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (02-24-2025) |
$8.23 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at January 31, 2025
As at September 30, 2024
Loading...
Inception Return (November 06, 2006): 4.63%
| 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 | 1.25% | 1.56% | 4.41% | 1.25% | 8.42% | 7.38% | 3.46% | 3.74% | 3.25% | 3.85% | 3.18% | 3.45% | 4.59% | 3.46% |
| Benchmark | 1.94% | 4.92% | 8.91% | 1.94% | 17.87% | 13.35% | 7.82% | 5.31% | 5.10% | 5.92% | 5.97% | 5.62% | 6.11% | 6.06% |
| Category Average | 1.01% | 1.79% | 3.79% | 1.01% | 7.77% | 6.65% | 2.51% | 2.10% | 2.69% | 3.39% | 2.90% | 3.13% | 4.14% | 3.18% |
| Category Rank | 73 / 282 | 233 / 282 | 107 / 281 | 73 / 282 | 146 / 280 | 147 / 274 | 121 / 268 | 79 / 260 | 134 / 251 | 141 / 243 | 128 / 220 | 116 / 208 | 115 / 198 | 114 / 187 |
| Quartile Ranking | 2 | 4 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Return % | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.40% | 1.22% | -0.98% | 1.14% | 0.50% | 1.51% | 1.20% | 2.05% | -0.45% | 1.27% | -0.96% | 1.25% |
| Benchmark | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% |
8.25% (April 2009)
-15.17% (October 2008)
| 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 | 101/ 182 | 131/ 198 | 66/ 207 | 182/ 218 | 50/ 243 | 222/ 251 | 36/ 256 | 130/ 265 | 108/ 274 | 176/ 280 |
12.40% (2019)
-9.62% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 87.09 |
| Cash and Equivalents | 8.48 |
| US Equity | 3.48 |
| Foreign Government Bonds | 0.57 |
| Canadian Government Bonds | 0.20 |
| Other | 0.18 |
| Name | Percent |
|---|---|
| Fixed Income | 87.93 |
| Cash and Cash Equivalent | 8.48 |
| Energy | 1.28 |
| Utilities | 0.82 |
| Financial Services | 0.43 |
| Other | 1.06 |
| Name | Percent |
|---|---|
| North America | 99.32 |
| Europe | 0.75 |
| Latin America | 0.01 |
| Other | -0.08 |
| Name | Percent |
|---|---|
| Fidelity U.S. Money Market Investment Trust O | - |
| C&W Senior Financing DAC 6.88% 15-Sep-2027 | - |
| Uber Technologies Inc 4.50% 12-Dec-2024 | - |
| Dish Network Corp 3.38% 15-Aug-2026 | - |
| Pacific Gas and Electric Co 4.95% 01-Jan-2050 | - |
| Pacific Gas and Electric Co 4.55% 01-Jan-2030 | - |
| Vistra Corp | - |
| SCHWAB CHARLES 5.38% 31-Dec-2199 | - |
| Caesars Entertainment Inc 7.00% 15-Feb-2030 | - |
| TransDigm Inc 6.75% 15-Aug-2028 | - |
Fidelity American High Yield Currency Neutral Fund Series B
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.74% | 9.37% | 7.51% |
|---|---|---|---|
| Beta | 0.80% | 0.96% | 0.63% |
| Alpha | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.46% | 0.56% | 0.30% |
| Sharpe | 0.00% | 0.14% | 0.27% |
| Sortino | 0.12% | 0.08% | 0.12% |
| Treynor | 0.00% | 0.01% | 0.03% |
| Tax Efficiency | 42.94% | 44.24% | 47.77% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.44% | 7.74% | 9.37% | 7.51% |
| Beta | -0.06% | 0.80% | 0.96% | 0.63% |
| Alpha | 0.09% | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.00% | 0.46% | 0.56% | 0.30% |
| Sharpe | 1.14% | 0.00% | 0.14% | 0.27% |
| Sortino | 2.78% | 0.12% | 0.08% | 0.12% |
| Treynor | -0.62% | 0.00% | 0.01% | 0.03% |
| Tax Efficiency | 76.19% | 42.94% | 44.24% | 47.77% |
| 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) | $39 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID1255 |
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.
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 Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Management & Research Company LLC |
| 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 |
| 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 |
| 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!
Fund Library
