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Manulife Fidelity True North Guaranteed Investment Fund encore Series 2

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Canadian Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(05-22-2025) 		$43.91
Change
$0.03 (0.07%)

As at April 30, 2025

As at March 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2002Jan 2004Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Jan 2005Jan 2010Jan 2015Jan 2020$10,000$20,000$30,000$40,000$0$50,000$9,000$11,000$12,000$13,000Period

Legend

Manulife Fidelity True North Guaranteed Investment Fund encore Series 2

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Fund Returns

Inception Return (January 02, 2001): 6.13%

Fund Returns
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 0.93% -0.45% 3.63% 1.64% 12.76% 9.58% 7.14% 7.27% 11.03% 8.57% 8.30% 7.10% 7.33% 6.13%
Benchmark -0.10% -2.00% 4.34% 1.41% 17.85% 13.20% 9.57% 10.07% 14.37% 10.31% 10.21% 9.29% 9.91% 8.27%
Category Average 0.23% -1.84% 3.11% 0.90% 14.34% 10.68% 7.88% 8.62% 12.76% 8.73% 8.40% 7.51% 8.11% 6.76%
Category Rank 104 / 645 110 / 645 247 / 634 219 / 645 407 / 621 336 / 585 253 / 572 403 / 567 403 / 555 168 / 490 115 / 356 125 / 353 148 / 349 122 / 335
Quartile Ranking 1 1 2 2 3 3 2 3 3 2 2 2 2 2

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.72% -0.83% 4.92% -0.74% 1.86% 0.70% 4.95% -2.85% 2.10% 0.42% -1.78% 0.93%
Benchmark 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10%

Best Monthly Return Since Inception

11.59% (May 2009)

Worst Monthly Return Since Inception

-16.64% (October 2008)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -3.04% 8.72% 3.65% -6.19% 15.88% 8.74% 21.78% -6.51% 8.77% 14.85%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average -6.15% 16.46% 6.89% -9.47% 19.21% 3.42% 23.26% -4.82% 9.85% 17.87%
Quartile Ranking 2 4 4 1 4 1 3 3 2 4
Category Rank 121/ 334 312/ 349 268/ 353 55/ 353 407/ 489 71/ 550 341/ 567 400/ 572 257/ 583 478/ 621

Best Calendar Return (Last 10 years)

21.78% (2021)

Worst Calendar Return (Last 10 years)

-6.51% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 90.96
Cash and Equivalents 3.51
US Equity 3.13
Income Trust Units 0.85
International Equity 0.79
Other 0.76

Sector Allocation

Sector Allocation
Name Percent
Financial Services 27.41
Basic Materials 11.96
Consumer Services 11.84
Energy 11.26
Technology 9.06
Other 28.47

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.99
Europe 0.79
Latin America 0.52
Other 0.70

Top Holdings

Top Holdings
Name Percent
Toronto-Dominion Bank -
Royal Bank of Canada -
Agnico Eagle Mines Ltd -
Fairfax Financial Holdings Ltd -
Franco-Nevada Corp -
Intact Financial Corp -
Alimentation Couche-Tard Inc Cl A -
Fidelity Canadian Money Market Investment Trust O -
Shopify Inc Cl A -
Constellation Software Inc -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return5678910111213141516171819200%5%10%15%20%25%

Manulife Fidelity True North Guaranteed Investment Fund encore Series 2

Median

Other - Canadian Equity

3 Yr Annualized

Standard Deviation 10.67% 10.72% 10.32%
Beta 0.78% 0.83% 0.77%
Alpha 0.00% -0.01% 0.00%
Rsquared 0.96% 0.95% 0.92%
Sharpe 0.33% 0.81% 0.46%
Sortino 0.63% 1.25% 0.50%
Treynor 0.05% 0.10% 0.06%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.43% 10.67% 10.72% 10.32%
Beta 0.78% 0.78% 0.83% 0.77%
Alpha -0.01% 0.00% -0.01% 0.00%
Rsquared 0.91% 0.96% 0.95% 0.92%
Sharpe 1.03% 0.33% 0.81% 0.46%
Sortino 2.36% 0.63% 1.25% 0.50%
Treynor 0.11% 0.05% 0.10% 0.06%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.0​22.033.6​33.60%10%20%30%40%50%60%70%80%90%100%

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.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A27.5​27.533.3​33.30%10%20%30%40%50%60%70%80%90%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.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.6​22.632.9​32.90%10%20%30%40%50%60%70%80%90%100%

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.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A14.4​14.431.9​31.90%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date January 02, 2001
Instrument Type Segregated Fund
Share Class -
Legal Status Trust
Sales Status Capped
Currency CAD
Distribution Frequency No Distribution
Assets ($mil) $223

Fund Codes

FundServ Code Load Code Sales Status
MGE845
MGE945

Investment Objectives

This fund aims to achieve long-term capital growth. It invests primarily in equity securities of Canadian companies.

Investment Strategy

The fund may invest in small, medium and large companies. It may invest in foreign securities up to the foreign content limit and may hold cash and fixed-income securities. It may also enter into repurchase agreements, reverse repurchase agreements and securities lending transactions. Upon implementation of the New Fund of Fund Rules.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Maxime Lemieux
Sub-Advisor

-

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

CIBC Mellon Trust Company

State Street Trust Company Canada
Registrar

Fidelity Investments Canada ULC
Distributor

Fidelity Investments Canada ULC

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 100
SWP Min Withdrawal 100

Fees

MER 3.44%
Management Fee 2.45%
Load Choice of Front or No Load
FE Max 3.00%
DSC Max 5.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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