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-Aug-2010
| Fund | Morningstar Quartile* |
Benchmark | |
| 1 month | 0.99% | — | 1.09% |
| 3 month | 2.58% | — | 3.02% |
| 6 month | 1.89% | — | 2.42% |
| 1 year | 4.00% | — | 4.72% |
| 2 year | 4.61% | — | 6.03% |
| 3 year | 4.71% | — | 6.43% |
| 5 year | 3.44% | — | 4.82% |
| 7 year | 3.59% | — | 4.93% |
| 10 year | 4.28% | — | 5.62% |
| YTD | 3.22% | — | 3.76% |
| Since Inception | 5.19% | — | — |
Calendar year performance – as at 31-Aug-2010
Growth of $10,000 since inception – as at 31-Aug-2010
Fund risk measures – as at 31-Aug-2010
| Fund | Benchmark | |
| Annual Standard Deviation | 2.19 | 2.29 |
| Beta | 0.91 | — |
| R² | 0.91 | — |
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-Jul-2010
| Duration (Option Adjusted) | |
| Fund | 2.72 yrs |
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Fund facts
NAVPU – Series B
$10.62 – as at 09-Sep-2010
Fund inception date
30-Jan-1995
Fund benchmark
DEX Short Term Bond Index
Fund aggregate assets (all available series)
$1.327 billion
as at 31-Jul-2010
Management expense ratio - Series B
1.11% – as at 31-Dec-2009
Quarterly Top Five Issuers
| Canada Housing Trust No. 1 | |
| Government of Canada | |
| Province of Ontario | |
| Bank of Nova Scotia | |
| Royal Bank of Canada | |
| Total number of holdings | 302 |
| Aggregate of top issuers | 51.3% |
Allocation
Asset Mix
as at 31-Jul-2010
| Current month | Last month | Two months ago | |
| Canadian Bonds | 89.6% | 90.6% | 89.8% |
| Cash & Other | 1.8% | 1.4% | 3.9% |
| Foreign Bonds | 7.4% | 6.8% | 6.4% |
| Futures, Options & Swaps | 1.2% | 1.2% | — |
Top historical sector mix (%)
|
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| Canadian Corporate Bonds | 42.0% | 42.0% | 41.3% |
| Canadian Agency Bonds | 27.0% | 28.7% | 28.2% |
| Canadian Provincial Bonds | 12.5% | 11.7% | 11.8% |
| Canadian Federal Bonds | 7.7% | 7.8% | 8.2% |
| Canadian Municipal Bonds | 0.4% | 0.4% | 0.4% |