Fidelity Tactical High Income 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.

Performance

Performance for this series is not available at this time.

Performance

Annual compound performance – as at 31-May-2017

PERIOD Fund
1 month -1.33% 4
3 month 1.17% 4
6 month 3.54% 4
1 year 9.82% 2
2 year 7.54% 1
3 year 11.28% 1
5 year
7 year
10 year
YTD 2.26% 4
Since Inception 11.15%

Calendar year performance – as at 31-May-2017

Calendar year performance – as at 31-May-2017

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

Growth of $10,000 since inception³ – as at 31-May-2017
Fund risk measures – as at 31-May-2017
  Fund
Annual Standard Deviation 8.73
Beta 0.89
0.90

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.

Fund facts

NAVPU – Series B

$11.32 – as at 21-Jun-2017

NAVPU – Series B

$8.50 – as at 21-Jun-2017

Series inception date

28-May-2014

28-May-2014

Fund benchmark

none

Fund aggregate assets (all series)

$271.9 million
as at 31-May-2017

Management expense ratio - Series B

2.17% – as at 30-Sep-2016

 
Quarterly Top Ten Holdings
GENERAL ELECTRIC 5.0%/VAR PERP  
USTB 3% 02/15/47  
Apple  
USTB 2.5% 2/15/46  
AT&T  
SPRINT CAP CORP 8.75% 3/15/32  
Cisco Systems  
BRAZIL GLBL 8.25% 1/20/34  
FORMULA ONE TERM B EXT 2/1/24  
TWITTER INC CONV 1% 09/15/21  
Total number of holdings 145
Top 10 holdings aggregate 22.3%
Allocation to funds

Asset Mix
as at 30-Apr-2017

  Current monthLast monthTwo months ago
Foreign Equities 34.6%34.7%36.8%
Foreign Bonds 22.8%24.5%28.6%
High Yield Bonds 20.0%17.7%15.6%
Convertibles 4.4%6.6%9.1%
Other Investments 0.9%0.0%0.0%
Cash & Other 17.2%14.8%8.4%
Canadian Equities 1.6%1.5%

Top historical sector mix (%)
as at 30-Apr-2017

Sovereign debt 12.5%13.4%19.4%
Technology 9.2%10.2%9.8%
Food/Beverage/Tobacco 7.4%6.2%5.7%
Banks & Thrifts 5.8%5.2%6.2%
Food & Drug Retail 5.4%4.8%3.9%
Capital Goods 5.1%4.6%4.5%
Telecommunications 4.1%5.0%4.5%
Super Retail 3.4%3.4%4.9%
Services 3.2%
Health Care 3.1%4.1%4.8%
Broadcasting 3.3%
Energy 3.6%
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