Toronto-based Fidelity Investments Canada ULC has launched a new fixed-income mutual fund. Fidelity Investment Grade Total Bond Fund invests primarily in a mix of investment-grade income securities from U.S. and other international issuers. Advisor commissions are 4.9% for deferred sales; 1% for the low-load option; and 2.5% for the low-load 2 option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 2% in Year 1 and end at zero after Year 2 of the low-load schedule; and begin at 3% in Year 1 and end at zero after Year 3 of the low-load 2 schedule. Trailing commissions are 0.25% for deferred sales; 0.5% for low-load sales; and 0.25% for low-load 2 sales. Management fees are 1.45% for A-class units and 0.7% for F-class units. Minimum investment is $500.