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Global Neutral Balanced
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2023
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|
NAVPS (05-03-2024) |
$10.37 |
|---|---|
| Change |
$0.08
(0.76%)
|
As at March 31, 2024
As at December 31, 2023
As at February 29, 2024
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Inception Return (January 22, 2020): 3.07%
| 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 | 2.66% | 4.64% | 11.95% | 4.64% | 10.45% | 3.69% | 4.51% | 8.89% | - | - | - | - | - | - |
| 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 | 146 / 1,735 | 859 / 1,735 | 929 / 1,711 | 859 / 1,735 | 782 / 1,684 | 817 / 1,617 | 395 / 1,434 | 356 / 1,358 | - | - | - | - | - | - |
| Quartile Ranking | 1 | 2 | 3 | 2 | 2 | 3 | 2 | 2 | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.64% | -2.90% | 1.91% | 1.81% | -0.64% | -3.03% | -1.10% | 5.36% | 2.68% | 0.59% | 1.33% | 2.66% |
| 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% |
7.55% (April 2020)
-13.43% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 11.63% | -5.97% | 7.94% |
| 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 | - | - | - | - | - | - | - | 1 | 1 | 4 |
| Category Rank | - | - | - | - | - | - | - | 331/ 1,425 | 105/ 1,564 | 1,273/ 1,683 |
11.63% (2021)
-5.97% (2022)
| Name | Percent |
|---|---|
| US Equity | 34.95 |
| International Equity | 23.37 |
| Foreign Government Bonds | 20.37 |
| Foreign Corporate Bonds | 9.45 |
| Canadian Equity | 4.86 |
| Other | 7.00 |
| Name | Percent |
|---|---|
| Fixed Income | 31.92 |
| Financial Services | 13.11 |
| Technology | 9.40 |
| Real Estate | 5.90 |
| Energy | 5.66 |
| Other | 34.01 |
| Name | Percent |
|---|---|
| North America | 71.06 |
| Europe | 15.83 |
| Asia | 9.89 |
| Latin America | 1.66 |
| Multi-National | 0.42 |
| Other | 1.14 |
| Name | Percent |
|---|---|
| United States Treasury 4.13% 15-Nov-2032 | - |
| iShares 20 Plus Year Treasury Bond ETF (TLT) | - |
| Apple Inc | - |
| Microsoft Corp | - |
| United States Treasury 3.50% 15-Feb-2033 | - |
| iShares TIPS Bond ETF (TIP) | - |
| United States Treasury 4.13% 15-Aug-2053 | - |
| Fidelity U.S. Money Market Investment Trust O | - |
| United States Treasury 3.75% 31-May-2030 | - |
| WisdomTree Emerging Mkts High Dividend ETF (DEM) | - |
Fidelity Global Monthly High Income ETF Fund Series B
Median
Other - Global Neutral Balanced
| Standard Deviation | 8.90% | - | - |
|---|---|---|---|
| Beta | 0.85% | - | - |
| Alpha | 0.01% | - | - |
| Rsquared | 0.75% | - | - |
| Sharpe | 0.25% | - | - |
| Sortino | 0.29% | - | - |
| Treynor | 0.03% | - | - |
| Tax Efficiency | 81.79% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.43% | 8.90% | - | - |
| Beta | 1.01% | 0.85% | - | - |
| Alpha | -0.02% | 0.01% | - | - |
| Rsquared | 0.81% | 0.75% | - | - |
| Sharpe | 0.66% | 0.25% | - | - |
| Sortino | 1.51% | 0.29% | - | - |
| Treynor | 0.06% | 0.03% | - | - |
| Tax Efficiency | 90.31% | 81.79% | - | - |
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 | January 22, 2020 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $8 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID6761 |
The Fund aims to achieve a steady flow of income with the potential for capital gains. The Fund seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in securities of that underlying fund. The underlying fund aims to achieve a steady flow of income with the potential for capital gains by using an asset allocation approach. The underlying fund invests primarily in other underlying funds.
The strategies described below relate to the Fund and the underlying fund, Fidelity Global Monthly High Income ETF. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Generally follows a neutral mix guideline of approximately 60% equity securities and approximately 40% fixed income securities. Depending on market conditions, may vary the asset mix by up to +/- 20% from the neutral mix if it believes this produces the best overall return.
| Name | Start Date |
|---|---|
| Geoffrey D. Stein | 02-20-2020 |
| David D. Wolf | 02-20-2020 |
| David Tulk | 02-21-2020 |
| 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 | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 0 |
| SWP Min Withdrawal | 0 |
| MER | 1.90% |
|---|---|
| Management Fee | 1.55% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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