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Fidelity Tactical Credit Fund - US$

Fund code: 7575

  • NAV
    $7.47 $0.01 / 0.14%
    12-Aug-2022
  • Inception 25-Jan-2022
  • Benchmark Blended Index**
  • Aggregate assets
    (all series)
    $39.2M
    31-Jul-2022
  • MER 1.53%
    31-Mar-2022
  • Distributions
  • Yield To Worst 5.83%
    31-Jul-2022
  • Duration 2.1 years
    30-Jun-2022
  • Morningstar category High Yield Fixed Income
  • Also available through: Trust CDN$
  • Get Fund Facts

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns††

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Standard period returns††

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Why invest in this fund?

  • For investors seeking a high level of current income and the potential for capital gains.
  • The portfolio managers focus on generating yield while utilizing a variety of tactical tools, including asset allocation, security selection, duration management and yield curve positioning.
  • Leverages Fidelity’s deep research resources, proprietary credit rating system and unique approach of collaborating across both fixed income and equity research teams.

Risk measures

Risk measures cannot be calculated on funds that are less than three years old. This fund does not yet meet the required criteria.

Risk classification

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

This fund has a low to medium volatility rating

Allocation

Country mix (%)

30-Jun-2022

Credit quality (%)

30-Jun-2022
12 months ago Last month Current month
AAA - 6.2 6.3
AA - 3.0 3.0
A - 0.9 0.9
BBB - 9.2 9.7
BB - 24.1 23.8
B - 26.6 26.3
CCC & Below - 3.3 3.1
Cash & Net Other Assets - 17.5 14.6
Not Rated/Not Available - 9.3 12.3

Top five issuers

  1. U.S. Treasury Notes
  2. COLUMBIA CENT CLO 32 LTD / COL
  3. GREAT OUTDOORS GROUP LLC
  4. Ares CLO Ltd.
  5. RR 7 Ltd.
Total number of issuers 16
Aggregate of top issuers
  1. U.S. Treasury Notes
  2. Ares CLO Ltd.
  3. KKR CLO 41 Ltd.
  4. RR 7 Ltd.
  5. GREAT OUTDOORS GROUP LLC
Total number of issuers 10
Aggregate of top issuers
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