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 30-Sep-2017

PERIOD Fund
1 month 0.00% 4
3 month -3.45% 4
6 month -6.18% 4
1 year -3.71% 4
2 year 2.72% 4
3 year 7.43% 1
5 year
7 year
10 year
YTD -5.44% 4
Since Inception 7.44%

Calendar year performance – as at 30-Sep-2017

Calendar year performance – as at 30-Sep-2017

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

Growth of $10,000 since inception³ – as at 31-Aug-2017
Fund risk measures – as at 30-Sep-2017
  Fund
Annual Standard Deviation 9.55
Beta 0.93
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

$10.66 – as at 18-Oct-2017

NAVPU – Series B

$8.55 – as at 18-Oct-2017

Series inception date

28-May-2014

28-May-2014

Fund benchmark

none

Fund aggregate assets (all series)

$251.3 million
as at 30-Sep-2017

Management expense ratio - Series B

2.17% – as at 30-Sep-2016

 
Quarterly Top Ten Holdings
GENERAL ELECTRIC 5.0%/VAR PERP  
USTN 0.875% 01/15/18  
TWITTER INC CONV 1% 09/15/21  
USTN 0.875% 11/30/17  
USTN TII 0.375% 07/15/27  
FORMULA ONE TERM B EXT 2/1/24  
USTN TII 0.625% 01/15/26  
BRAZIL GLBL 8.25% 1/20/34  
LINEAGE LOGISTC TERM B 4/7/21  
Clearwire 8.25%, 12/40  
Total number of holdings 165
Top 10 holdings aggregate 18.4%
Allocation to funds

Asset Mix
as at 31-Aug-2017

  Current monthLast monthTwo months ago
High Yield Bonds 27.4%25.1%22.1%
Foreign Bonds 26.2%24.9%26.3%
Foreign Equities 23.5%22.5%26.8%
Convertibles 8.5%8.8%7.7%
Other Investments 0.1%0.1%0.1%
Cash & Other 14.4%18.5%17.0%

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

Sovereign debt 14.3%13.8%14.4%
Technology 9.4%8.3%7.9%
Banks & Thrifts 7.9%7.7%7.3%
Health Care 6.7%7.3%7.4%
Telecommunications 5.8%5.7%5.6%
Services 4.7%4.2%3.0%
Food & Drug Retail 4.0%3.5%4.0%
Electric Utilities 3.8%3.6%3.2%
Super Retail 3.6%3.8%3.5%
Food/Beverage/Tobacco 3.1%3.9%5.0%
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