Fidelity Tactical High Income Currency Neutral Fund

Investment Strategy

Fidelity Tactical High Income Fund offers investors the potential for income and capital growth through investments across a broad spectrum of income-producing securities.

Currency Neutral Funds use derivatives to mitigate the Fund's exposure to changes in exchange rates between developed market currencies and the Canadian dollar. The investment approach used by the Funds, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The Fund's returns will differ from the local currency returns of its underlying fund.

Performance

Performance for this series is not available at this time.

Performance

Annual compound performance – as at 28-Feb-2017

PERIOD Fund
1 month 1.72%
3 month 3.32%
6 month 2.08%
1 year 14.07%
2 year 3.56%
3 year
5 year
7 year
10 year
YTD 2.02%
Since Inception 4.09%

Calendar year performance – as at 28-Feb-2017

Calendar year performance – as at 28-Feb-2017

Growth of $10,000 since inception³ – as at 28-Feb-2017

Growth of $10,000 since inception³ – as at 28-Feb-2017
Fund risk measures

Fund risk measures not yet available

Risk measures cannot be calculated on funds that are less than three years old. This Fund does not yet meet the required criteria.

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.

Fund facts

NAVPU – Series B

$10.32 – as at 24-Mar-2017

Series inception date

28-May-2014

Fund benchmark

None

Fund aggregate assets (all series)

$80.2 million
as at 28-Feb-2017

Management expense ratio - Series B

2.23% – as at 30-Sep-2016

 
Quarterly Top Ten Holdings
GENERAL ELECTRIC 5.0%/VAR PERP  
USTB 3% 11/15/45  
Verizon Communications  
UST BOND 2.875% 11/15/46  
VECTOR GRP 7.75% 2/15/21  
TWITTER INC CONV 1% 09/15/21  
USTB 2.25% 8/15/46  
USTB 2.5% 05/15/46  
TOPS HLDG/MRKT 8.0% 06/22 144A  
Apple  
Total number of holdings 160
Top 10 holdings aggregate 24.2%
Allocation to funds

Asset Mix
as at 31-Jan-2017

  Current monthLast monthTwo months ago
Foreign Equities 30.6%28.0%25.2%
Foreign Bonds 28.3%24.3%25.1%
High Yield Bonds 22.5%29.5%30.1%
Convertibles 14.2%14.5%14.9%
Canadian Equities 1.5%1.5%
Other Investments 0.1%0.1%1.0%
Cash & Other 2.8%2.1%3.8%

Top historical sector mix (%)
as at 31-Jan-2017

Sovereign debt 18.1%14.4%15.9%
Technology 8.5%8.9%8.1%
Banks & Thrifts 7.8%7.5%6.3%
Food/Beverage/Tobacco 6.0%7.2%6.1%
Telecommunications 5.5%4.9%4.8%
Health Care 5.5%7.1%9.0%
Energy 5.2%5.1%
Services 5.1%6.6%6.0%
Capital Goods 4.5%5.1%
Electric Utilities 3.9%5.1%4.7%
Super Retail 4.5%4.5%
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