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-Jul-2017

PERIOD Fund
1 month -3.62% 4
3 month -8.92% 4
6 month -3.09% 4
1 year -1.58% 4
2 year 1.21% 4
3 year 8.13% 1
5 year
7 year
10 year
YTD -5.61% 4
Since Inception 7.79%

Calendar year performance – as at 31-Jul-2017

Calendar year performance – as at 31-Jul-2017

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

Growth of $10,000 since inception³ – as at 31-Jul-2017
Fund risk measures – as at 31-Jul-2017
  Fund
Annual Standard Deviation 9.56
Beta 0.92
0.92

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

$10.60 – as at 18-Aug-2017

NAVPU – Series B

$8.43 – as at 18-Aug-2017

Series inception date

28-May-2014

28-May-2014

Fund benchmark

none

Fund aggregate assets (all series)

$255.8 million
as at 31-Jul-2017

Management expense ratio - Series B

2.17% – as at 30-Sep-2016

 
Quarterly Top Ten Holdings
GENERAL ELECTRIC 5.0%/VAR PERP  
TWITTER INC CONV 1% 09/15/21  
FORMULA ONE TERM B EXT 2/1/24  
USTB 2.5% 2/15/46  
DISH NETWK CV 2.375% 3/24 144A  
LINEAGE LOGISTC TERM B 4/7/21  
CCO HLDGS/CAP 5.125% 5/27 144  
Johnson & Johnson  
Apple  
VRX ESCROW 5.375% 3/20 144A  
Total number of holdings 155
Top 10 holdings aggregate 17.0%
Allocation to funds

Asset Mix
as at 30-Jun-2017

  Current monthLast monthTwo months ago
Foreign Equities 26.8%28.7%34.6%
Foreign Bonds 26.3%30.3%22.8%
High Yield Bonds 22.1%21.5%20.0%
Convertibles 7.7%5.7%4.4%
Other Investments 0.1%0.1%0.9%
Cash & Other 17.0%13.7%17.2%

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

Sovereign debt 14.4%16.3%12.5%
Technology 7.9%8.4%9.2%
Health Care 7.4%3.8%3.1%
Banks & Thrifts 7.3%7.3%5.8%
Telecommunications 5.6%6.4%4.1%
Food/Beverage/Tobacco 5.0%5.5%7.4%
Capital Goods 4.2%4.5%5.1%
Food & Drug Retail 4.0%5.3%5.4%
Super Retail 3.5%3.9%3.4%
Electric Utilities 3.2%
Diversified Financial Services 4.7%
Services 3.2%
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