Fidelity Monthly Income Fund

Fund code: 1219

NAV
$10.96 $0.07 / 0.69%
01-Dec-2023
Inception 06-Nov-2006
Benchmark Blended Index**
Aggregate assets
(all series) $6.836B
31-Oct-2023
MER 2.07%
30-Jun-2023
Distributions
Trailing 12 month yield 1.47%
30-Nov-2023
Morningstar category Canadian Neutral Balanced
Also available through Class US$, Class CDN$ and Trust T-Series S5
Get Fund Facts

Initial investment

End investment

Annualized return

Recurring transactions (PAC/SWP)

Amount

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Start NAV

$10.0000

End NAV

$10.4031

Distributions

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Calendar returns (%) 30-Nov-2023

	YTD 2023	2022	2021	2020	2019	2018	2017	2016
Fund	2.93	-5.38	10.62	6.02	11.27	-2.30	2.26	6.78

Standard period returns (%) 30-Nov-2023

	1 mo	3 mo	6 mo	1 yr	3 yr	5 yr	10 yr	Inception
Fund	4.43	1.20	2.18	1.52	3.05	4.61	4.11	5.16

Why invest in this fund?

A core holding with a neutral mix of 55% equities and 45% fixed income.
Provides monthly income distributions while offering capital growth potential.
Offers multi-asset class diversification that can help weather volatile market conditions.

Risk measures (%) 31-Oct-2023

	Fund
Annualized standard deviation	7.67
Beta	0.80
R²	0.91

Risk classification

Low
Low to medium
Medium
Medium to high
High

This fund has a low to medium volatility rating

Allocation

Asset mix (%)

31-Oct-2023

Sector mix (%)

31-Oct-2023

	12 months ago	Last month	Current month
Consumer Staples	10.4	7.6	8.0
Financials	4.3	8.3	8.0
Information Technology	4.5	4.9	5.0
Materials	3.8	4.8	4.8
Real Estate	4.6	4.8	4.8
Energy	5.6	4.4	4.4
Industrials	2.8	4.1	4.3
Health Care	2.4	2.7	2.8
Communication Services	7.7	3.2	2.8
Utilities	4.5	2.3	2.5
Consumer Disc.	2.5	2.3	2.3
Multi Sector	0.2	2.1	2.1

Top ten holdings

iShares Comex Gold Trust ETF
Toronto-Dominion Bank
Alimentation Couche-Tard
Rogers Communication, Cl. B, Non Vtg
Metro
Enbridge
Canadian National Railway
Loblaw
Royal Bank of Canada
Canadian Natural Resources

Total number of holdings	2,842
Top ten holdings aggregate	11.7%

iShares Comex Gold Trust ETF
Toronto-Dominion Bank
Alimentation Couche-Tard
Rogers Communication, Cl. B, Non Vtg
Metro
Royal Bank of Canada
Loblaw
Fortis
Imperial Brands
Canadian Natural Resources

Total number of holdings	2,839
Top ten holdings aggregate	11.5%

iShares Comex Gold Trust ETF
Toronto-Dominion Bank
Alimentation Couche-Tard
Rogers Communication, Cl. B, Non Vtg
Royal Bank of Canada
Loblaw
Metro
Shaw Communications
Fortis
Canadian Natural Resources

Total number of holdings	2,882
Top ten holdings aggregate	11.3%

iShares Comex Gold Trust ETF
Rogers Communication, Cl. B, Non Vtg
Fortis
BCE
Alimentation Couche-Tard
Imperial Brands
Shaw Communications
TC Energy
Metro
Loblaw

Total number of holdings	3,338
Top ten holdings aggregate	15.5%

View all

Portfolio managers

David Tulk Portfolio manager
(asset allocation) February 7, 2023
David D. Wolf Portfolio manager
(asset allocation) March 10, 2014
Steve J. Buller Underlying fund manager
(equities) January 31, 2023
Daniel Dupont Underlying fund manager
(equities) November 1, 2009
Andrew Marchese Underlying fund manager
(equities) January 31, 2023
Don Newman Underlying fund manager
(equities) October 4, 2011
Ramona Persaud Underlying fund manager
(equities) January 31, 2023
Jeff Moore Underlying fund manager
(fixed-income) January 31, 2023
Lee Ormiston Underlying fund manager
(fixed-income) October 1, 2020
Michael Plage Underlying fund manager
(fixed-income) January 31, 2023
Sri Tella Underlying fund manager
(fixed-income) April 1, 2015

Fund information
Daniel Dupont: The importance of downside risk mitigation and 'aggressive patience'.

The importance of downside risk mitigation and “aggressive patience”: Daniel Dupont, portfolio manager of Fidelity Canadian Large Cap Fund and Fidelity NorthStar Fund, shares his investment strategies.

Fidelity Monthly Income Fund

Portfolio holdings listing
As at 30-Jun-2023

The listing of portfolio holdings provides information on a fund's investments as of the date indicated. The information provided in this listing may differ from a fund's holdings in its annual report.

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Footnotes and disclosures

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, which contains detailed investment information, before investing. The indicated rates of return (other than for each money market fund) are historical annual compounded total returns for the period indicated including changes in unit value and reinvestment distributions. The indicated rate of return for each money market fund is an annualized historical yield based on the seven-day period ended as indicated and annualized in the case of effective yield by compounding the seven-day return and does not represent an actual one-year return. The indicated rates of return do not take into account sales, redemption, distribution or option charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaranteed or insured. Their values change frequently. There can be no assurances that any money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Past performance may not be repeated.

A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the ACB goes below zero. Investors should not confuse this cash flow distribution with a fund’s rate of return or yield. While investors in Fidelity’s tax-efficient series (Tax-Smart CashFlow) will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. Tax-Smart CashFlow will also pay a year-end distribution that must be reinvested in additional securities of the applicable fund. The monthly cash-flow distributions on Tax-Smart CashFlow are not guaranteed, will be adjusted from time to time and may include income.

The monthly cash-flow distributions on Fidelity Tax-Smart CashFlow™ are not guaranteed, will be adjusted from time to time and may include income. We will aim to keep cash flow between 7.5% and 9.0% of the NAV each year on Tax-Smart CashFlow F8, T8 and S8 balanced funds, as well as 4.5% and 5.5% of the NAV on F5, T5 and S5 balanced funds. For equity funds, we will aim to keep cash flow between 6.0% and 10.0% of the NAV each year on F8, T8 and S8, and between 4.0% and 6.0% of the NAV each year on F5, T5 and S5.

The charting tool is for illustrative purposes only and it does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.

Month-end asset mixes may total greater than / less than 100% due to differences in the timing of cashflows and investments, and/or to reflect cash held for the purposes of collateral allocations associated with certain types of derivatives. Country and sector allocations show specific exposures to countries / sectors representing at least 1% of total fund asset. As such, the values displayed may not total 100%.

The information provided in this listing and top ten holdings or top five issuers may differ from a fund’s holdings in its annual report and as follows, where applicable:

For the annual report, a fund’s investments include trades executed through the end of the last business day of the period. This listing and the ten holdings or five issuers include trades executed through the end of the previous business day.

The list includes any investment in derivative instruments, and excludes the value of any cash collateral held for securities on loan and a fund’s net other assets. There, the holdings as a percent of fund net assets may not total to 100%.

The top ten holdings or top five issuers for fixed-income and money market funds are presented to illustrate examples of the securities that the fund has bought and the diversity of the areas in which the fund may invest, may not be the representative of the fund’s current or future investments, and may change at any time. The top ten holdings and top five issuers do not include cash, cash equivalents, money market instruments, options, interest rate swaps, fixed-income total return swaps and/or futures contracts. Depositary receipts, credit default swaps and equity total return swaps are normally combined with the underlying security.

The listing of portfolio holdings provides information on a fund’s investments as at the date indicated. The information provided in this listing may differ from a fund’s holdings in its annual report.

** The blended benchmark is comprised of 30% S&P/TSX Capped Composite Index, 25% MSCI ACWI ex Canada Index, 30% FTSE Canada Universe Bond Index and 15% Bloomberg Global Aggregate Bond Index – Hedged CAD.

Prior to January 31, 2023 the blended benchmark was 21% S&P/TSX 60 Capped Index, 9% S&P 500 Index, 13.6% Market capitalization-weighted of four S&P/TSX Industry Groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs), 3.4% S&P U.S. REIT Composite Index, 31% FTSE Canada Universe Bond Index, 12% ICE BofA US High Yield Constrained Index – Hedged CAD, 5% J.P. Morgan EMB Index Global Diversified – Hedged CAD, 5% ICE BofA All US Convertibles Index – Hedged CAD.

Prior to April 1, 2016, the blended benchmark was comprised of 31% FTSE TMX Canada Universe Bond Index; 30% MSCI Canada Value Index; 13.6% market capitalization-weighted blend of four S&P/TSX Industry Groups (telecommunication services, utilities, oil and gas storage and transportation, and REITs); 12% Bank of America/Merrill Lynch U.S. High Yield Master II Constrained (Hedged CAD); 5% Bank of America/Merrill Lynch All U.S. Convertibles (Hedged CAD); 5% J.P. Morgan Emerging Markets Bond Index Global Diversified (Hedged CAD) and 3.4% S&P U.S. REIT Composite Index.

Prior to December 30, 2011 the blended benchmark was 30% MSCI Canada Value Capped Index; 30% FTSE TMX Canada Universe Bond Index; 15% blend of four S&P/S&P/TSX industry groups: Telecommunication Services, Utilities, Oil & Gas Storage & Transportation, and REITs (market capitalization weighted); 10% Merrill Lynch U.S. High Yield Master II Constrained Index; and 10% Barclays Capital U.S. Investment-grade CMBS Index and 5% S&P U.S. REIT Composite Index (hedged CAD).

Prior to August 1, 2010 the benchmark was a blend of 30% MSCI Canada Value Index; 30% FTSE TMX Canada Universe Bond Index; 20% S&P/TSX Capped Income Trust Index; 10% Merrill Lynch U.S. High Yield Master II Constrained Index; and 10% Barclays Capital U.S. Investment-grade CMBS Index.

Prior to July 1, 2006 the bond portion of the blended index was the RBC CM Canadian Bond Market Index and the U.S. high-yield bond portion of the blended index was the Merrill Lynch U.S. High Yield Master II Index.

Prior to June 1, 2005, the blended index was 40% MSCI Canada Value Index, 32% RBC CM Canadian Bond Market Index, 14% Merrill Lynch U.S. High Yield Master II Index and 14% Lehman Brothers CMBS Investment Grade Index.

Deferred sales charge options (DSC/LL/LL2) will not be available for new purchases as of the close of business on May 31, 2022.

Commissions, fees and expenses may be associated with investment funds. Read a fund’s prospectus or offering memorandum and speak to an advisor before investing. Funds are not guaranteed, their values change frequently and investors may experience a gain or loss. Past performance may not be repeated.

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This site is for persons in Canada only. Mutual funds and ETFs sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada.

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NAV

End investment

Annualized return

Start NAV

End NAV

Calendar returns (%) 30-Nov-2023

Standard period returns (%) 30-Nov-2023

Why invest in this fund?

Risk measures (%) 31-Oct-2023

Risk classification

Allocation

Asset mix (%)

Sector mix (%)

Top ten holdings

Portfolio managers

David Tulk Portfolio manager (asset allocation) February 7, 2023

David D. Wolf Portfolio manager (asset allocation) March 10, 2014

Steve J. Buller Underlying fund manager (equities) January 31, 2023

Daniel Dupont Underlying fund manager (equities) November 1, 2009

Andrew Marchese Underlying fund manager (equities) January 31, 2023

Don Newman Underlying fund manager (equities) October 4, 2011

Ramona Persaud Underlying fund manager (equities) January 31, 2023

Jeff Moore Underlying fund manager (fixed-income) January 31, 2023

Lee Ormiston Underlying fund manager (fixed-income) October 1, 2020

Michael Plage Underlying fund manager (fixed-income) January 31, 2023

Sri Tella Underlying fund manager (fixed-income) April 1, 2015

Fund information

Daniel Dupont: The importance of downside risk mitigation and 'aggressive patience'.

David Tulk Portfolio manager
(asset allocation) February 7, 2023

David D. Wolf Portfolio manager
(asset allocation) March 10, 2014

Steve J. Buller Underlying fund manager
(equities) January 31, 2023

Daniel Dupont Underlying fund manager
(equities) November 1, 2009

Andrew Marchese Underlying fund manager
(equities) January 31, 2023

Don Newman Underlying fund manager
(equities) October 4, 2011

Ramona Persaud Underlying fund manager
(equities) January 31, 2023

Jeff Moore Underlying fund manager
(fixed-income) January 31, 2023

Lee Ormiston Underlying fund manager
(fixed-income) October 1, 2020

Michael Plage Underlying fund manager
(fixed-income) January 31, 2023

Sri Tella Underlying fund manager
(fixed-income) April 1, 2015