Fund code: 1634

  • NAV $9.89 $0.01 / 0.07%
    23-Apr-2024
  • Inception 20-Sep-2010
  • Benchmark FTSE Canada All Corporate Bond 5% Capped Index
  • Aggregate assets
    (all series)
    $68.5M
    31-Mar-2024
  • MER 1.33%
    31-Dec-2023
  • Distributions
  • Trailing 12 month yield 3.38%
    28-Mar-2024
  • Yield To Worst 5.37%
    31-Mar-2024
  • Duration 5.7 years
    29-Feb-2024
  • Morningstar category Canadian Corporate Fixed Income
  • Also available through Class CDN$
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 31-Mar-2024

YTD 2024 2023 2022 2021 2020 2019 2018 2017
Fund 0.02 7.98 -11.62 -1.41 7.67 8.32 -0.62 3.34

Standard period returns (%) 31-Mar-2024

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Inception
Fund 0.60 0.02 7.74 5.32 -0.86 1.01 1.87 2.54

Why invest in this fund?

  • Aims to invest in high-quality Canadian and foreign corporate debt, which can offer higher yields than government bonds.
  • Leverages Fidelity’s global resources and expertise in fixed-income investing.

Risk measures (%) 31-Mar-2024

Fund
Annualized standard deviation 6.25
Beta 1.02
0.99

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a low volatility rating

Allocation

Asset mix (%)

29-Feb-2024

Credit quality (%)

29-Feb-2024
12 months ago Last month Current month
AAA 3.0 3.1 3.3
AA 6.0 6.2 6.0
A 34.2 29.9 29.8
BBB 42.3 48.4 48.5
BB 7.1 4.6 4.9
B 1.3 0.8 0.8
CCC & Below 0.4 0.3 0.3
Cash & Net Other Assets 0.9 1.6 1.1
Not Rated/Not Available 4.8 5.2 5.4

Top five issuers

  1. Bell Canada
  2. TransCanada PipeLines
  3. Toronto-Dominion Bank
  4. Royal Bank of Canada
  5. Bank of Nova Scotia
Total number of issuers 142
Aggregate of top issuers 17.0%
  1. Bell Canada
  2. TransCanada PipeLines
  3. Toronto-Dominion Bank
  4. Rogers Communications
  5. Enbridge
Total number of issuers 139
Aggregate of top issuers 16.8%
  1. Bell Canada
  2. TransCanada PipeLines
  3. Toronto-Dominion Bank
  4. Rogers Communications
  5. Enbridge
Total number of issuers 137
Aggregate of top issuers 16.8%
  1. Bell Canada
  2. TransCanada PipeLines
  3. Bank of Nova Scotia
  4. Royal Bank of Canada
  5. Toronto-Dominion Bank
Total number of issuers 137
Aggregate of top issuers 17.1%
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