Fidelity Monthly Income Fund

Investment Strategy

The best of income and growth

Fidelity Monthly Income Fund offers a unique combination of high yielding equity and fixed-income securities, actively managed to aim to deliver a balance of income and growth.


Performance for this series is not available at this time.


Annual compound performance – as at 31-Jan-2017

1 month -0.25% 4
3 month -0.37% 4
6 month -0.23% 4
1 year 6.37% 4
2 year 2.10% 3
3 year 4.82% 3
5 year 6.40% 2
7 year 7.21%
10 year 5.68% 1
YTD -0.25% 4
Since Inception 7.41%

Calendar year performance – as at 31-Jan-2017

Calendar year performance – as at 31-Jan-2017

Growth of $10,000 since inception³ – as at 31-Jan-2017

Growth of $10,000 since inception³ – as at 31-Jan-2017
Fund risk measures – as at 31-Jan-2017
Annual Standard Deviation 3.78
Beta 0.58

Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.) 

Volatility meter

Low to Medium

A fund’s volatility is determined using a statistical measure called “standard deviation". Standard deviation measures the amount of variability of returns that has historically occurred relative to the average return. The higher the standard deviation of a fund, the greater the range of returns it has experienced in the past. Other types of risk, both measurable and non-measurable, exist. In addition, just as historical performance may not be indicative of future returns, a fund’s historical volatility may not be indicative of its future volatility.

PM - Stein Wolf - A team approach to asset allocation - EN

Fund facts

NAVPU – Series B

$16.86 – as at 24-Feb-2017

Series inception date


Fund benchmark

Blended index**

Fund aggregate assets (all series)

$13.760 billion
as at 31-Jan-2017

Management expense ratio - Series B

2.07% – as at 30-Jun-2016

Quarterly Top Ten Holdings
Toronto-Dominion Bank  
Rogers Communication, Cl. B, Non Vtg  
TransCanada Corp.  
SNC-Lavalin Group  
CST Brands  
Fairfax Financial Holdings, Sub Vtg  
CGI, Cl. A, Sub Vtg  
Total number of holdings 2,451
Top 10 holdings aggregate 11.3%
Allocation to funds

Asset Mix
as at 31-Dec-2016

  Current monthLast monthTwo months ago
Canadian Bonds 25.6%26.0%26.8%
Canadian Equities 23.5%23.4%22.8%
Foreign Bonds 13.4%12.0%12.1%
Foreign Equities 9.4%11.3%10.6%
High Yield Bonds 8.9%9.0%8.9%
Convertibles 4.2%4.2%4.1%
Investment Grade CMBS 1.2%1.2%1.2%
Other Investments 0.5%0.5%0.5%
Cash & Other 13.2%12.4%13.0%

Top historical sector mix (%)
as at 31-Dec-2016

Financials 6.1%7.1%5.7%
Energy 5.0%4.9%4.6%
Information Technology 4.4%5.3%5.9%
Consumer Staples 4.4%4.5%4.7%
Telecommunication Services 4.3%4.1%4.0%
Health Care 2.7%2.9%2.5%
Consumer Discretionary 2.6%2.6%2.5%
Industrials 2.4%2.4%2.4%
Real Estate 2.2%2.1%2.1%
Utilities 1.7%1.7%1.7%