Paterson & Associates
Date:
June 30, 2011





Fund Rating:



C





Fidelity Monthly Income Fund Series A
Fund Details

Fund Type:
Canadian Neutral Balanced
Fund Sub Type:
Canadian Neutral Balanced
Minimum Investment:
$ 500
Management Fee:
2.29%


Inception Date: 
December 2002


Portfolio Manager:
Bob Swanson, Fidelity Investments Canada

Stephen Binder, Fidelity Investments Canada

David Bagnini, Fidelity Investments Canada


Assets:
$ 999.5 Million





Risk Return Characteristics:

Average Monthly Return:
0.54%
Monthly Standard Deviation:
2.49%


Monthly Value Add to Benchmark:
- 0.00%
Tracking Error:
1.26%


Sharpe Ratio:
0.15
Information Ratio:
- 0.00


Alpha:
0.13%
Beta:
0.76


Minimum Monthly Return:
- 9.36%
Maximum Monthly Return:
5.51%


Number of Positive Months:
40
Chance of Positive Return:
66.7%


Number of Negative Months:
20
Chance of Negative Return:
33.3%


Minimum Monthly Value Add:
- 3.12%
Maximum Monthly Value Add:
3.23%


Number of Months in excess of Index:
33
Number of Months less than Index:
27


Chance of beating Index:
55.0%
Chance of not beating Index:
45.0%


Correlation to TSX:
90.31%
Correlation to S&P:
64.20%
Correlation to EAFE
73.18%
Correlation to SCMU:
7.60%






Investment Objective:
The investment objective of the fund is to achieve a combination of steady flow of income and the potential for capital gains.
Historical Performance
June 30, 2011









Fund
TSX
S&P
EAFE
DEX Bond Universe






1 Month
- 1.12%
- 3.33%
- 2.16%
- 1.73%
0.07%
3 Month
1.17%
- 5.15%
- 0.59%
1.13%
2.48%
Year to Date
5.44%
0.16%
2.47%
1.82%
2.20%
1 Year
15.88%
20.87%
18.34%
18.56%
4.67%
2 Year
15.86%
16.33%
11.36%
7.43%
5.77%
3 Year
6.31%
0.19%
1.36%
- 3.19%
6.18%
5 Year
6.31%
5.67%
- 0.05%
- 0.96%
6.02%
10 Year
0.00%
8.05%
- 1.82%
1.45%
6.45%




Asset Mix
As at: May 2011


Cash
11.3%
Canadian Bonds
39.4%
Canadian Equity
29.2%
US Equity
15.7%
International Equity
3.0%
Other
1.5%



Geographic Breakdown
As at: May 2011


Canada
66.1%
US
29.6%
Europe
3.2%
Asia
0.4%
Other
0.7%

Comments/ Analysis:







Fund Profile / Additional Fund Info
:





Our services are intended to be for informational purposes only and are aimed at professional investment advisors. The information provided on the Paterson & Associates web site is not intended to constitute legal, accounting, financial or tax advice. Many factors unknown to us may affect the applicability of any statement or comment that we make on our web site to your particular circumstances. Every effort is made to insure that this data, and any analysis conducted on this data is accurate and complete. We cannot be held responsible or liable for any errors or ommissions in any of our data, or any analysis made on any erroneous data.
Please Use the Back Button on Your Browser to Return to Search




To Contact Us

Phone:
(416) 706-5087

Email:
info@paterson-associates.ca