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Global Neutral Balanced
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Click for more information on Fundata’s ESG Grade
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|
NAVPS (05-02-2024) |
$10.42 |
|---|---|
| Change |
$0.02
(0.22%)
|
As at March 31, 2024
As at December 31, 2023
As at February 29, 2024
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Inception Return (September 28, 2021): 3.66%
| 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 | 4.04% | 3.98% | 8.78% | 3.98% | 7.05% | 0.61% | - | - | - | - | - | - | - | - |
| 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 | 7 / 1,735 | 1,222 / 1,735 | 1,591 / 1,711 | 1,222 / 1,735 | 1,518 / 1,684 | 1,568 / 1,617 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 3 | 4 | 3 | 4 | 4 | - | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.70% | -3.25% | 1.72% | 1.09% | -0.32% | -1.45% | -0.45% | 3.02% | 2.01% | -1.06% | 1.00% | 4.04% |
| 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% |
4.21% (October 2022)
-7.67% (June 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | -3.21% | 4.10% |
| 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 | 4 |
| Category Rank | - | - | - | - | - | - | - | - | 40/ 1,564 | 1,659/ 1,683 |
4.10% (2023)
-3.21% (2022)
| Name | Percent |
|---|---|
| US Equity | 22.49 |
| Canadian Government Bonds | 14.78 |
| Foreign Government Bonds | 14.05 |
| Canadian Equity | 11.75 |
| Cash and Equivalents | 9.68 |
| Other | 27.25 |
| Name | Percent |
|---|---|
| Fixed Income | 37.84 |
| Energy | 15.48 |
| Basic Materials | 14.61 |
| Real Estate | 10.44 |
| Cash and Cash Equivalent | 9.68 |
| Other | 11.95 |
| Name | Percent |
|---|---|
| North America | 76.68 |
| Europe | 11.17 |
| Multi-National | 7.72 |
| Asia | 3.91 |
| Latin America | 0.48 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| iShares Gold Trust ETF (IAU) | - |
| iShares Short Treasury Bond ETF (SHV) | - |
| Exxon Mobil Corp | - |
| iShares 20 Plus Year Treasury Bond ETF (TLT) | - |
| Fidelity Canadian Money Market Investment Trust O | - |
| Martin Marietta Materials Inc | - |
| Canada Government 4.00% 01-Dec-2031 | - |
| Teck Resources Ltd Cl B | - |
| Canada Government 1.50% 01-Dec-2044 | - |
| Canada Government 3.00% 01-Dec-2036 | - |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | - | - | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | - | - | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
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 | September 28, 2021 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $94 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID7251 |
The Fund seeks a real return consistent with reasonable investment risk. A real return is a return above inflation. It uses a balanced approach. It invests primarily in a mix of equity securities and fixed income securities of issuers located anywhere in the world which are expected to be collectively resilient to inflation. The Fund can invest in these securities either directly or indirectly through investments in underlying funds.
To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 40% equity, 10% commodity and 50% fixed income investments and money market instruments. Uses an asset allocation strategy. Depending on market conditions, may vary the asset mix by up to +/- 25% from the neutral mix if it believes this produces the best overall return.
| Name | Start Date |
|---|---|
| Fidelity Investments Canada ULC | 09-20-2021 |
| 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 | - |
| SWP Min Withdrawal | - |
| MER | 2.38% |
|---|---|
| Management Fee | 1.90% |
| 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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