Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
1.92% 109.55M -- 26.58%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
1.929M 5.89%

Basic Info

Investment Strategy
The Fund aims to achieve a combination of a high level of income and the potential for capital gains. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The Fund also uses derivatives to try to minimize the exposure to currency fluctuations between the U.S. and Canadian dollars. The underlying fund aims to achieve a combination of a high level of income and the potential for capital gains by investing primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities issued by United States companies.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD High Yield
Peer Group High Yield Fixed Income
Global Macro Bond High Yield
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective --
Fund Owner Firm Name Fidelity Investments
Broad Asset Class Benchmark Index
^BBGATRCADH 100.0%

View Basic Info
Start Trial

Net Fund Flows Versus Peer Group

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 42
-80.97M Peer Group Low
85.23M Peer Group High
1 Year
% Rank: 57
1.929M
-689.28M Peer Group Low
896.24M Peer Group High
3 Months
% Rank: 33
-287.83M Peer Group Low
252.73M Peer Group High
3 Years
% Rank: 85
-572.88M Peer Group Low
1.147B Peer Group High
6 Months
% Rank: 44
-499.27M Peer Group Low
589.74M Peer Group High
5 Years
% Rank: 92
-453.80M Peer Group Low
1.105B Peer Group High
YTD
% Rank: 43
-80.97M Peer Group Low
196.81M Peer Group High
10 Years
% Rank: 84
-2.402B Peer Group Low
2.585B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
View Performance Versus Peer Group
Start Trial

Annual Total Returns Versus Peers

Loading chart...
Name
2019
2020
2021
2022
2023
2024
2025
YTD
12.05%
0.26%
6.78%
-9.96%
9.69%
6.90%
6.63%
0.46%
7.43%
5.33%
-1.39%
-11.53%
6.33%
2.41%
3.05%
0.94%
7.61%
-0.05%
6.28%
-2.98%
8.19%
16.87%
3.80%
0.49%
11.80%
4.16%
5.89%
-13.11%
9.99%
6.18%
5.14%
0.76%
--
--
6.36%
-4.33%
10.93%
17.60%
4.98%
0.92%
8.72%
2.50%
1.88%
-11.92%
7.03%
3.91%
5.51%
0.88%
As of February 20, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (2-19-26) 4.24%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 682
Bond
Yield to Maturity (11-30-25) 6.19%
Effective Duration --
Average Coupon 6.60%
Calculated Average Quality 5.662
Effective Maturity 4.338
Nominal Maturity 5.472
Number of Bond Holdings 656
As of November 30, 2025

Asset Allocation

As of November 30, 2025.
Type % Net
Cash 7.09%
Stock 2.46%
Bond 88.80%
Convertible 0.00%
Preferred 0.98%
Other 0.68%
View Asset Allocation
Start Trial

Top 10 Holdings

Name % Weight Price % Change
CAD FORWARD CONTRACT
98.81% -- --
FIDELITY U.S. MONEY MARKET INVESTMENT TRUST SR O
6.96% -- --
EchoStar Corporation ECHO 10.75 11/30/2029 FIX USD Corporate 1.80% 109.36 -0.08%
MESQUITE ENERGY INC
0.93% -- --
Vistra Corp. 0.82% 169.90 -1.51%
PG&E CORPORATION PCG 5.25 07/01/2030 FIX USD Corporate 0.76% 99.79 -0.01%
PACIFIC GAS AND ELECTRIC COMPANY PCG-PacGas+Elec 4.95 07/01/2050 FIX USD Corporate 0.72% 86.96 -0.06%
ACRISURE HOLDINGS INC SER A 2 PFD
0.72% -- --
Frontier Communications Holdings, LLC FRCOMM 5.0 05/01/2028 FIX USD Corporate 144A 0.71% 100.09 -0.02%
ALTICE FRANCE ALTICEF 5.125 07/15/2029 FIX USD Corporate 144A 0.69% 86.13 0.00%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee --
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP Yes
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 500.00 None
Minimum Subsequent Investment 25.00 None

Basic Info

Investment Strategy
The Fund aims to achieve a combination of a high level of income and the potential for capital gains. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The Fund also uses derivatives to try to minimize the exposure to currency fluctuations between the U.S. and Canadian dollars. The underlying fund aims to achieve a combination of a high level of income and the potential for capital gains by investing primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities issued by United States companies.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD High Yield
Peer Group High Yield Fixed Income
Global Macro Bond High Yield
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective --
Fund Owner Firm Name Fidelity Investments
Broad Asset Class Benchmark Index
^BBGATRCADH 100.0%

View Basic Info
Start Trial

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (2-19-26) 4.24%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 682
Bond
Yield to Maturity (11-30-25) 6.19%
Effective Duration --
Average Coupon 6.60%
Calculated Average Quality 5.662
Effective Maturity 4.338
Nominal Maturity 5.472
Number of Bond Holdings 656
As of November 30, 2025

Fund Details

Key Dates
Launch Date 11/6/2006
Share Classes
FID1255 Commission-based Advice
FID1655 Fee-based Advice
Attributes
Inverse Fund No
Leveraged Fund --
Currency Hedged Fund Yes
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
View Top Portfolio Holders
Start Trial

Excel Add-In Codes

Name: =YCI("M:FID1855.TO", "name")
Broad Asset Class: =YCI("M:FID1855.TO", "broad_asset_class")
Broad Category: =YCI("M:FID1855.TO", "broad_category_group")
Prospectus Objective: =YCI("M:FID1855.TO", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
View Excel Add-In Codes
Start Trial