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Global Neutral Balanced
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|
NAVPS (05-03-2024) |
$18.10 |
|---|---|
| Change |
$0.13
(0.75%)
|
As at March 31, 2024
As at December 31, 2023
As at February 29, 2024
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Inception Return (October 05, 2009): 5.15%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 2.54% | 4.97% | 12.82% | 4.97% | 11.58% | 3.37% | 3.44% | 9.39% | 5.46% | 5.00% | 4.72% | 5.07% | 4.08% | 4.48% |
| Benchmark | 1.80% | 5.77% | 13.57% | 5.77% | 12.38% | 6.05% | 3.87% | 6.63% | 5.64% | 5.56% | 5.88% | 6.44% | 5.97% | 7.01% |
| Category Average | 1.96% | 12.03% | 12.03% | 4.49% | 10.15% | 3.31% | 3.22% | 7.67% | 4.79% | 4.62% | 4.52% | 5.09% | 4.15% | 4.67% |
| Category Rank | 212 / 1,735 | 669 / 1,735 | 603 / 1,711 | 669 / 1,735 | 487 / 1,684 | 941 / 1,617 | 718 / 1,434 | 249 / 1,358 | 473 / 1,301 | 508 / 1,166 | 451 / 1,007 | 452 / 935 | 439 / 824 | 414 / 691 |
| Quartile Ranking | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.32% | -2.38% | 2.06% | 1.33% | -0.95% | -2.38% | -1.22% | 5.47% | 3.16% | 0.37% | 1.99% | 2.54% |
| Benchmark | 1.29% | -1.31% | 0.46% | 1.75% | 0.57% | -3.70% | 0.21% | 5.00% | 2.05% | 0.78% | 3.10% | 1.80% |
8.13% (April 2020)
-12.04% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.73% | -2.85% | 8.27% | 7.03% | -6.16% | 14.35% | 8.68% | 9.21% | -10.52% | 10.28% |
| Benchmark | 12.44% | 17.05% | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% |
| Category Average | 7.77% | 2.99% | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% |
| Quartile Ranking | 4 | 4 | 1 | 2 | 4 | 1 | 2 | 2 | 2 | 2 |
| Category Rank | 584/ 682 | 792/ 806 | 112/ 915 | 494/ 1,002 | 1,036/ 1,145 | 298/ 1,257 | 488/ 1,344 | 668/ 1,425 | 772/ 1,564 | 649/ 1,683 |
14.35% (2019)
-10.52% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 27.13 |
| US Equity | 19.42 |
| International Equity | 13.93 |
| Foreign Government Bonds | 11.57 |
| Canadian Government Bonds | 7.40 |
| Other | 20.55 |
| Name | Percent |
|---|---|
| Fixed Income | 28.75 |
| Technology | 12.66 |
| Financial Services | 11.35 |
| Consumer Services | 6.28 |
| Cash and Cash Equivalent | 6.21 |
| Other | 34.75 |
| Name | Percent |
|---|---|
| North America | 75.52 |
| Europe | 10.43 |
| Asia | 6.97 |
| Multi-National | 2.68 |
| Latin America | 1.84 |
| Other | 2.56 |
| Name | Percent |
|---|---|
| iShares Core S&P 500 ETF (IVV) | - |
| iShares 20 Plus Year Treasury Bond ETF (TLT) | - |
| Fidelity Canadian Money Market Investment Trust O | - |
| iShares Gold Trust ETF (IAU) | - |
| Fidelity Convertible Secur Multi-Asset Base Fd O | - |
| Fidelity American High Yield Currency Neut Fd B | - |
| Canadian National Railway Co | - |
| Royal Bank of Canada | - |
| Canadian Natural Resources Ltd | - |
| CAD 1/4/2024 FORWARD CC | - |
Fidelity Balanced Currency Neutral Private Pool Series B
Median
Other - Global Neutral Balanced
| Standard Deviation | 9.07% | 10.69% | 8.40% |
|---|---|---|---|
| Beta | 0.87% | 1.09% | 0.73% |
| Alpha | 0.00% | 0.00% | 0.00% |
| Rsquared | 0.75% | 0.68% | 0.45% |
| Sharpe | 0.13% | 0.37% | 0.40% |
| Sortino | 0.12% | 0.38% | 0.29% |
| Treynor | 0.01% | 0.04% | 0.05% |
| Tax Efficiency | 78.40% | 89.65% | 91.02% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.18% | 9.07% | 10.69% | 8.40% |
| Beta | 0.97% | 0.87% | 1.09% | 0.73% |
| Alpha | 0.00% | 0.00% | 0.00% | 0.00% |
| Rsquared | 0.78% | 0.75% | 0.68% | 0.45% |
| Sharpe | 0.80% | 0.13% | 0.37% | 0.40% |
| Sortino | 1.99% | 0.12% | 0.38% | 0.29% |
| Treynor | 0.07% | 0.01% | 0.04% | 0.05% |
| Tax Efficiency | 96.93% | 78.40% | 89.65% | 91.02% |
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
| Start Date | October 05, 2009 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $78 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID1067 |
The Pool aims to achieve high total investment return. The Pool uses a balanced approach. It invests primarily in underlying funds. These underlying funds will generally invest in equity and/or fixed income securities. The Pool uses derivatives to try to minimize the exposure to currency fluctuations between developed market foreign currencies (such as the U.S. dollar, the Euro or the Yen) and the Canadian dollar. The Pool may also hedge against other foreign currencies.
To meet the Pool’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 60% equity, and 40% fixed income and money market instruments; Depending on market conditions, may vary the asset mix by up to +/- 15% from the neutral mix if it believes this produces the best overall return; Uses an asset allocation strategy and invests primarily in underlying funds, including other Fidelity Funds and ETFs, which may include liquid alternative mutual funds.
| Name | Start Date |
|---|---|
| Geoffrey D. Stein | 05-23-2012 |
| David D. Wolf | 02-28-2015 |
| Fidelity Management & Research Company LLC | 02-06-2023 |
| Fund Manager | Fidelity Investments Canada ULC |
|---|---|
| Advisor | Fidelity Investments Canada ULC |
| Custodian | State Street Trust Company Canada |
| Registrar | Fidelity Investments Canada ULC |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 150,000 |
| PAC Subsequent | 1,000 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 2.07% |
|---|---|
| Management Fee | 1.65% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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