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Fidelity Asset Allocation Currency Neutral Private Pool Series B

Canadian Neutral Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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.

NAVPS
(05-21-2024)
$15.48
Change
$0.02 (0.12%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Asset Allocation Currency Neutral Private Pool Series B

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Fund Returns

Inception Return (December 14, 2011): 4.23%

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 -1.97% 1.35% 9.51% 1.75% 5.04% 2.29% 1.16% 4.38% 3.78% 3.66% 3.31% 3.67% 3.02% 3.38%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 284 / 448 318 / 442 376 / 442 318 / 442 267 / 431 357 / 418 355 / 389 355 / 378 287 / 368 319 / 361 295 / 346 303 / 333 275 / 299 255 / 287
Quartile Ranking 3 3 4 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.06% 1.53% 0.57% -0.76% -2.44% -0.94% 4.85% 2.65% 0.39% 1.61% 1.75% -1.97%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

6.09% (April 2020)

Worst Monthly Return Since Inception

-8.46% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.38% -1.57% 5.36% 6.05% -4.60% 11.22% 9.31% 7.09% -10.07% 7.44%
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 3 3 4 2 3 4 1 4 4 3
Category Rank 209/ 286 218/ 299 294/ 331 171/ 344 220/ 355 332/ 365 43/ 374 364/ 389 357/ 409 321/ 429

Best Calendar Return (Last 10 years)

11.22% (2019)

Worst Calendar Return (Last 10 years)

-10.07% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 25.47
Foreign Government Bonds 13.52
Canadian Government Bonds 12.14
International Equity 11.43
US Equity 9.52
Other 27.92

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 43.12
Technology 13.85
Financial Services 11.71
Cash and Cash Equivalent 8.14
Basic Materials 5.99
Other 17.19

Geographic Allocation

Geographic Allocation
Name Percent
North America 77.72
Asia 9.99
Europe 9.67
Latin America 2.14
Africa and Middle East 0.60
Other -0.12

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
Fidelity Floating Rate High Income Curr Neut Fd B -
Fidelity Canadian Money Market Investment Trust O -
Microsoft Corp -
United States Treasury 3.63% 31-Mar-2030 -
iShares Gold Trust ETF (IAU) -
Constellation Software Inc -
Royal Bank of Canada -
Canadian Natural Resources Ltd -
Canadian National Railway Co -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Fidelity Asset Allocation Currency Neutral Private Pool Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.12% 8.59% 6.71%
Beta 0.83% 0.82% 0.79%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.95% 0.96% 0.92%
Sharpe -0.16% 0.24% 0.32%
Sortino -0.25% 0.17% 0.11%
Treynor -0.02% 0.03% 0.03%
Tax Efficiency 39.59% 86.46% 89.50%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.56% 8.12% 8.59% 6.71%
Beta 0.76% 0.83% 0.82% 0.79%
Alpha 0.02% -0.02% 0.00% 0.00%
Rsquared 0.96% 0.95% 0.96% 0.92%
Sharpe 0.05% -0.16% 0.24% 0.32%
Sortino 0.49% -0.25% 0.17% 0.11%
Treynor 0.01% -0.02% 0.03% 0.03%
Tax Efficiency 94.81% 39.59% 86.46% 89.50%

Fundata ESG Metrics

Fundata ESG Score

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

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

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

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.

Fund Details

Start Date December 14, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $19

Fund Codes

FundServ Code Load Code Sales Status
FID731

Investment Objectives

The Pool aims to achieve high total investment return. The Pool uses an asset allocation approach. It invests primarily in equity, fixed income and money market securities. The Pool can invest in these securities either directly or indirectly through investments in underlying Pools and underlying funds.

Investment Strategy

To meet the Pool’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 50% equity securities, 40% fixed income securities, and 10% money market instruments. These securities may be either Canadian or foreign; Depending on market conditions, may vary the Pool’s asset mix from the neutral mix if he or she believes this will produce the best overall return.

Portfolio Manager(s)

Name Start Date
Geoffrey D. Stein 12-14-2011
David D. Wolf 02-28-2015
Fidelity Management & Research Company LLC 02-06-2023

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 150,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 50

Fees

MER 2.12%
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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