Investment Strategy
Fidelity Global Bond Fund seeks to achieve income and capital appreciation by investing primarily in global government bonds and corporate bonds.
Fidelity Global Bond Fund
Performance
Annual compound performance – as at 31-Dec-2011
| Fund | Morningstar Quartile* |
Benchmark | |
| 1 month | 0.20% | 3 | 0.82% |
| 3 month | -2.31% | 4 | -2.06% |
| 6 month | 5.62% | 2 | 6.78% |
| 1 year | 6.26% | 2 | 8.26% |
| 2 year | 2.21% | 4 | 4.07% |
| 3 year | 0.17% | 3 | -0.56% |
| 5 year | — | — | — |
| 7 year | — | — | — |
| 10 year | — | — | — |
| YTD | 6.26% | 2 | 8.26% |
| Since Inception | 2.17% | — | 4.10% |
Calendar year performance – as at 31-Dec-2011
Growth of $10,000 since inception – as at 31-Jan-2012
Fund risk measures – as at 31-Dec-2011
| Fund | Benchmark | |
| Annual Standard Deviation | 9.90 | 9.81 |
| Beta | 0.98 | — |
| R² | 0.94 | — |
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-Aug-2011
| Duration (Option Adjusted) | |
| Fund | 1.73 yrs |
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Fund facts
NAVPU – Series B
$9.93 – as at 07-Feb-2012
Fund inception date
18-Apr-2007
Fund benchmark
Barclays Capital Global Aggregate Bond Index
Fund aggregate assets (all series)
$415.6 million
as at 31-Jan-2012
Management expense ratio - Series B
1.58% – as at 30-Sep-2011
Quarterly Top Five Issuers
| Federal Republic of Germany | |
| United States Treasury | |
| United Kingdom, Great Britain & Northern Ireland | |
| Government of Japan | |
| FNMA Guaranteed Mortgage Pass Through Certificate | |
| Total number of holdings | 673 |
| Aggregate of top issuers | 65.0% |
Allocation to funds
Asset Mix
as at 31-Dec-2011
| Current month | Last month | Two months ago | |
| Canadian Bonds | 4.3% | 4.2% | — |
| Cash & Other | 0.8% | 5.0% | 10.1% |
| Foreign Bonds | 94.9% | 90.8% | 89.9% |
Country mix (%)
|
|||
| United States | 42.9% | 47.0% | 48.0% |
| United Kingdom | 16.9% | 19.3% | 8.4% |
| Germany | 16.2% | 17.0% | 9.0% |
| Japan | 9.8% | 8.9% | 14.6% |
| Canada | 6.6% | 2.5% | — |
| Netherlands | 1.6% | 1.0% | 2.1% |
| Sweden | 1.4% | 1.4% | 1.4% |
| France | 1.0% | — | 4.0% |
| Multi-National | — | — | 7.2% |
| Italy | — | — | 3.2% |
| Spain | — | — | 1.9% |