Investment Strategy
Fidelity Canadian Short Term Bond Fund focuses on capital preservation and enhanced return potential through an active investment management approach.
Fidelity Canadian Short Term Bond Fund
Performance
Annual compound performance – as at 31-Dec-2011
| Fund | Morningstar Quartile* |
Benchmark | |
| 1 month | 0.48% | 2 | 0.48% |
| 3 month | 0.28% | 3 | 0.51% |
| 6 month | 2.04% | 2 | 2.83% |
| 1 year | 3.42% | 2 | 4.65% |
| 2 year | 3.13% | 2 | 4.11% |
| 3 year | 3.44% | 2 | 4.25% |
| 5 year | 3.57% | 2 | 5.07% |
| 7 year | 3.25% | 2 | 4.53% |
| 10 year | 3.49% | 2 | 4.81% |
| YTD | 3.42% | 2 | 4.65% |
| Since Inception | 4.96% | — | 6.33% |
Calendar year performance – as at 31-Dec-2011
Growth of $10,000 since inception – as at 31-Oct-2011
Fund risk measures – as at 31-Dec-2011
| Fund | Benchmark | |
| Annual Standard Deviation | 1.76 | 1.87 |
| Beta | 0.93 | — |
| R² | 0.97 | — |
Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.)
Volatility meter
The volatility meter uses methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. The Task Force prescribes risk assessment based on historical volatility risk as measured by the standard deviation of fund performance. The Task Force also acknowledges that other types of measurable and nonmeasurable risk may exist. The Task Force reminds investors that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.
Portfolio characteristics – as at 31-Dec-2011
| Duration (Option Adjusted) | |
| Fund | 2.61 yrs |
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Fund facts
NAVPU – Series B
$10.65 – as at 03-Feb-2012
Fund inception date
30-Jan-1995
Fund benchmark
DEX Short Term Bond Index
Fund aggregate assets (all series)
$1.464 billion
as at 31-Jan-2012
Management expense ratio - Series B
1.14% – as at 30-Jun-2011
Quarterly Top Five Issuers
| Canada Housing Trust No. 1 | |
| Province of Ontario | |
| Government of Canada | |
| Bank of Nova Scotia | |
| Royal Bank of Canada | |
| Total number of holdings | 317 |
| Aggregate of top issuers | 41.1% |
Allocation to funds
Asset Mix
as at 31-Dec-2011
| Current month | Last month | Two months ago | |
| Canadian Bonds | 86.9% | 87.6% | 87.2% |
| Cash & Other | 7.9% | 7.0% | 7.3% |
| Foreign Bonds | 5.3% | 5.3% | 5.5% |
Top historical sector mix (%)
|
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| Canadian Corporate Bonds | 48.1% | 47.3% | 47.2% |
| Canadian Provincial Bonds | 15.3% | 15.6% | 16.0% |
| Canadian Agency Bonds | 13.8% | 13.9% | 11.8% |
| Canadian Federal Bonds | 9.0% | 10.1% | 9.1% |
| Canadian Municipal Bonds | 0.7% | 0.7% | 0.8% |