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Canadian Neutral Balanced
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-03-2024) |
$28.33 |
|---|---|
| Change |
$0.19
(0.67%)
|
As at March 31, 2024
As at December 31, 2023
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Inception Return (September 25, 2001): 6.40%
| 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 | 1.83% | 3.91% | 11.07% | 3.91% | 9.61% | 2.29% | 3.88% | 8.32% | 5.40% | 5.34% | 4.95% | 5.28% | 4.18% | 5.15% |
| Benchmark | 2.49% | 3.02% | 11.45% | 3.02% | 8.50% | 2.25% | 4.35% | 8.81% | 5.72% | 5.93% | 5.33% | 5.97% | 4.90% | 5.27% |
| Category Average | 1.87% | 11.41% | 11.41% | 3.77% | 8.76% | 2.37% | 3.43% | 7.70% | 4.72% | 4.57% | 4.21% | 4.68% | 3.79% | 4.24% |
| Category Rank | 294 / 450 | 291 / 450 | 327 / 448 | 291 / 450 | 190 / 439 | 267 / 420 | 249 / 397 | 212 / 386 | 187 / 375 | 149 / 365 | 144 / 352 | 180 / 340 | 176 / 307 | 110 / 295 |
| Quartile Ranking | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 2 |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.89% | -2.87% | 1.59% | 0.61% | 0.07% | -2.51% | -1.00% | 5.18% | 2.66% | 0.92% | 1.11% | 1.83% |
| Benchmark | 2.00% | -3.45% | 1.83% | 0.93% | -0.84% | -3.01% | -1.57% | 6.01% | 3.69% | -0.31% | 0.82% | 2.49% |
7.88% (April 2020)
-10.54% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 11.16% | 3.54% | 5.46% | 4.91% | -3.49% | 14.10% | 9.37% | 10.65% | -9.40% | 8.20% |
| Benchmark | 9.98% | -3.02% | 11.97% | 6.22% | -4.30% | 15.62% | 7.61% | 11.90% | -8.20% | 9.43% |
| Category Average | 7.98% | 0.06% | 6.65% | 5.72% | -4.72% | 12.57% | 6.33% | 10.85% | -9.35% | 8.27% |
| Quartile Ranking | 1 | 1 | 4 | 4 | 2 | 2 | 1 | 3 | 4 | 3 |
| Category Rank | 53/ 294 | 44/ 307 | 294/ 339 | 269/ 352 | 148/ 363 | 120/ 373 | 35/ 382 | 275/ 397 | 320/ 417 | 266/ 437 |
14.10% (2019)
-9.40% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 46.36 |
| Canadian Government Bonds | 19.73 |
| Canadian Corporate Bonds | 16.94 |
| Cash and Equivalents | 6.23 |
| Foreign Corporate Bonds | 5.33 |
| Other | 5.41 |
| Name | Percent |
|---|---|
| Fixed Income | 42.33 |
| Financial Services | 9.88 |
| Technology | 9.82 |
| Industrial Services | 9.37 |
| Basic Materials | 7.82 |
| Other | 20.78 |
| Name | Percent |
|---|---|
| North America | 99.89 |
| Europe | 0.20 |
| Latin America | 0.03 |
| Other | -0.12 |
| Name | Percent |
|---|---|
| Fidelity American High Yield Fund Series O | - |
| Constellation Software Inc | - |
| Canadian Natural Resources Ltd | - |
| Shopify Inc Cl A | - |
| Canadian National Railway Co | - |
| Restaurant Brands International Inc | - |
| Dollarama Inc | - |
| Brookfield Asset Management Ltd Cl A | - |
| Microsoft Corp | - |
| Teck Resources Ltd Cl B | - |
Fidelity Canadian Balanced Class Series B
Median
Other - Canadian Neutral Balanced
| Standard Deviation | 8.49% | 9.69% | 8.06% |
|---|---|---|---|
| Beta | 0.88% | 0.93% | 0.92% |
| Alpha | 0.00% | 0.00% | 0.00% |
| Rsquared | 0.96% | 0.96% | 0.86% |
| Sharpe | 0.18% | 0.39% | 0.49% |
| Sortino | 0.19% | 0.39% | 0.41% |
| Treynor | 0.02% | 0.04% | 0.04% |
| Tax Efficiency | 74.58% | 84.64% | 82.28% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.66% | 8.49% | 9.69% | 8.06% |
| Beta | 0.79% | 0.88% | 0.93% | 0.92% |
| Alpha | 0.03% | 0.00% | 0.00% | 0.00% |
| Rsquared | 0.96% | 0.96% | 0.96% | 0.86% |
| Sharpe | 0.62% | 0.18% | 0.39% | 0.49% |
| Sortino | 1.49% | 0.19% | 0.39% | 0.41% |
| Treynor | 0.06% | 0.02% | 0.04% | 0.04% |
| Tax Efficiency | 92.58% | 74.58% | 84.64% | 82.28% |
| Start Date | September 25, 2001 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $550 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID226 |
The Fund aims to achieve high total investment return. 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 underlying fund aims to achieve high total investment return. It uses a balanced approach and invests primarily in a mix of Canadian equity securities, investment grade bonds, high yield securities and money market instruments.
The strategies described below relate to the Fund and the underlying fund, Fidelity Canadian Balanced Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Follows a neutral mix guideline of approximately 50% equity securities, 40% investment grade bonds, and 10% high yield securities; Generally keeps the Fund’s asset mix within the following ranges: 40%-60% equity securities, 30%-50% investment grade bonds, and 0%-20% high yield securities.
| Name | Start Date |
|---|---|
| Harley Lank | 01-21-2008 |
| Darren Lekkerkerker | 04-30-2010 |
| Sri Tella | 03-22-2017 |
| David D. Wolf | 03-22-2017 |
| Catriona Martin | 03-22-2017 |
| Geoffrey D. Stein | 03-22-2017 |
| 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 | 500 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 2.07% |
|---|---|
| Management Fee | 1.70% |
| 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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