(As of 6/30/2025)

Fidelity Tactical High Income Fund Series B

(Tactical Balanced)

FundGrade A+^® Rating recipient
For more information about FundGrade click here

2023
2022
2021
2020

Inception Return (5/28/2014)	8.03 %
YTD Return	-0.30 %

NAVPS (7/11/2025)	$16.16
Change	($0.02) / -0.14 %

Growth of $10,000 (As of June 30, 2025)

MER	2.10 %
Assets ($mil)	$3,933.91
Rank (1Yr)	242/318
Std Dev (3Yr)	6.79 %
Volatility Ranking (3Yr)	4/10
RRSP Eligibility	Yes
Load	Back Fee Only
Max Front End	5.00 %
Max Back End	-
Sales Status	Open

Objective

The Fund invests primarily in a mix of income-producing securities which may be located anywhere in the world. Income-producing securities may include, but are not limited to, equity securities, common and preferred shares, convertible securities, investment grade fixed income securities, higher yielding, lower quality fixed income securities, floating rate debt instruments and asset-backed securities and mortgage-backed securities.

Fund Manager

Fidelity Investments Canada ULC

Portfolio Manager

Ford O'Neil, Fidelity Investments Canada ULC

Adam Kramer, Fidelity Investments Canada ULC

Ramona Persaud, Fidelity Investments Canada ULC

Sub-Advisor

Fidelity Management & Research Company LLC

Asset Allocation
(As of March 31, 2025)

Sector Allocation
(As of March 31, 2025)

Geographic Allocation
(As of March 31, 2025)

Top 10 Holdings

Name	Asset	Sector	Geographic	Percent
United States Treasury 1.25% 15-May-2050	Foreign Bonds	Fixed Income	United States	0.00%
DHT Holdings Inc	International Equity	Energy	Latin America	0.00%
United States Treasury 1.88% 15-Feb-2051	Foreign Bonds	Fixed Income	United States	0.00%
Scorpio Tankers Inc	International Equity	Energy	Other European	0.00%
BASS PRO TERM B 1LN 7.57% 23-Jan-2032	Foreign Bonds	Fixed Income	United States	0.00%
Capital Power Corp	Canadian Equity	Utilities	Canada	0.00%
EchoStar Corp 10.75% 30-Nov-2029	Foreign Bonds	Fixed Income	United States	0.00%
X CORP TERM 1LN 9.50% 29-Oct-2029	Foreign Bonds	Fixed Income	United States	0.00%
TransAlta Corp	Canadian Equity	Utilities	Canada	0.00%
MicroStrategy Inc 0.63% 15-Mar-2030	Foreign Bonds	Fixed Income	United States	0.00%

Performance Data (As of June 30, 2025)

	Return (%)				Annualized Return (%)
Return	1 Mth	3 Mth	6 Mth	YTD	1 Yr	3 Yr	5 Yr	10 Yr
Fund	3.61	2.20	-0.30	-0.30	7.87	10.69	7.75	7.13
Benchmark	2.53	2.76	3.35	3.35	12.62	12.58	6.67	7.01
Quartile Ranking	1	3	4	4	4	1	2	1

Calendar Return (%)	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Fund	17.32	7.94	-7.91	14.39	12.09	15.29	3.63	-2.30	6.12	19.00
Benchmark	17.48	11.69	-11.62	6.48	11.12	12.26	2.68	8.66	2.39	17.05
Quartile Ranking	1	3	2	2	1	1	1	4	3	1

Website powered by © Fundata Canada Inc.
Mutual Fund Data provided by Fundata. | View Terms and Conditions of Use.
BofA Merill Lynch Indices used with permission.
© 2025 Fundata Canada Inc. All rights reserved. | View Privacy Policy | Contact Us.