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Global Neutral Balanced
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-02-2024) |
$12.59 |
|---|---|
| Change |
$0.10
(0.78%)
|
As at March 31, 2024
As at December 31, 2023
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Inception Return (May 28, 2014): 3.67%
| 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 | 2.07% | 3.70% | 10.93% | 3.70% | 10.25% | 3.33% | 2.04% | 8.88% | 4.81% | 3.96% | 3.55% | 3.67% | 3.17% | - |
| 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 | 710 / 1,735 | 1,316 / 1,735 | 1,290 / 1,711 | 1,316 / 1,735 | 826 / 1,684 | 960 / 1,617 | 1,144 / 1,434 | 364 / 1,358 | 659 / 1,301 | 788 / 1,166 | 777 / 1,007 | 794 / 935 | 667 / 824 | - |
| Quartile Ranking | 2 | 4 | 4 | 4 | 2 | 3 | 4 | 2 | 3 | 3 | 4 | 4 | 4 | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.58% | -0.71% | 2.16% | 1.61% | -1.44% | -2.72% | -2.44% | 5.23% | 4.21% | -0.07% | 1.66% | 2.07% |
| 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% |
7.23% (November 2020)
-10.79% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 3.51% | 3.35% | 5.49% | -7.34% | 9.81% | 11.21% | 5.80% | -10.42% | 10.77% |
| 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 | - | 3 | 3 | 4 | 4 | 4 | 1 | 4 | 2 | 2 |
| Category Rank | - | 568/ 806 | 648/ 915 | 774/ 1,002 | 1,099/ 1,145 | 1,142/ 1,257 | 223/ 1,344 | 1,279/ 1,425 | 748/ 1,564 | 453/ 1,683 |
11.21% (2020)
-10.42% (2022)
| Name | Percent |
|---|---|
| Foreign Government Bonds | 27.70 |
| US Equity | 25.97 |
| International Equity | 19.75 |
| Foreign Corporate Bonds | 15.93 |
| Cash and Equivalents | 7.20 |
| Other | 3.45 |
| Name | Percent |
|---|---|
| Fixed Income | 44.08 |
| Technology | 12.47 |
| Cash and Cash Equivalent | 7.20 |
| Consumer Goods | 7.19 |
| Healthcare | 5.77 |
| Other | 23.29 |
| Name | Percent |
|---|---|
| North America | 73.40 |
| Europe | 12.68 |
| Asia | 9.26 |
| Latin America | 3.35 |
| Multi-National | 0.28 |
| Other | 1.03 |
| Name | Percent |
|---|---|
| United States Treasury 3.75% 31-May-2030 | - |
| United States Treasury 3.63% 15-Feb-2053 | - |
| United States Treasury 4.13% 15-Nov-2032 | - |
| United States Treasury 3.50% 15-Feb-2033 | - |
| United States Treasury 4.13% 15-Aug-2053 | - |
| Fidelity U.S. Money Market Investment Trust O | - |
| United States Treasury 2.88% 15-May-2052 | - |
| CAD 1/4/2024 FORWARD CC | - |
| Microsoft Corp | - |
| NVIDIA Corp | - |
Fidelity NorthStar Balanced Currency Neutral Fund Series B
Median
Other - Global Neutral Balanced
| Standard Deviation | 8.56% | 10.01% | - |
|---|---|---|---|
| Beta | 0.83% | 1.02% | - |
| Alpha | -0.01% | -0.01% | - |
| Rsquared | 0.76% | 0.68% | - |
| Sharpe | -0.03% | 0.33% | - |
| Sortino | -0.10% | 0.31% | - |
| Treynor | 0.00% | 0.03% | - |
| Tax Efficiency | 69.79% | 88.35% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.55% | 8.56% | 10.01% | - |
| Beta | 0.93% | 0.83% | 1.02% | - |
| Alpha | -0.01% | -0.01% | -0.01% | - |
| Rsquared | 0.66% | 0.76% | 0.68% | - |
| Sharpe | 0.63% | -0.03% | 0.33% | - |
| Sortino | 1.60% | -0.10% | 0.31% | - |
| Treynor | 0.06% | 0.00% | 0.03% | - |
| Tax Efficiency | 92.10% | 69.79% | 88.35% | - |
| Start Date | May 28, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $94 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2437 |
The Fund aims to achieve long-term capital growth. It seeks a similar return to its underlying fund. The Fund also uses derivatives to try to minimize the exposure to currency fluctuations between developed market foreign currencies and the Canadian dollar. The Fund may also hedge against other foreign currencies. The underlying fund aims to achieve long-term capital growth by investing primarily in a mix of equity securities and fixed income securities from around the world.
The strategies described below relate to the Fund and the underlying fund, Fidelity NorthStar 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 and 50% 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 |
|---|---|
| Michael Plage | 05-28-2014 |
| Daniel Dupont | 05-28-2014 |
| Jeffrey Moore | 05-28-2014 |
| Connor Gordon | 05-28-2014 |
| Joel Tillinghast | 05-28-2014 |
| 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 | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 0 |
| MER | 2.30% |
|---|---|
| Management Fee | 1.80% |
| 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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