Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
Fidelity NorthStar Balanced Currency Neutral Fund Series B
Global Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (09-24-2026) |
$14.21 |
|---|---|
| Change |
-$0.06
(-0.39%)
|
As at August 31, 2026
As at June 30, 2026
Loading......
Legend
Compare Options
Fund Returns
Inception Return (May 28, 2014): 4.35%
| 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 | 0.99% | 1.10% | 2.83% | 5.58% | 7.26% | 6.87% | 8.43% | 7.71% | 3.78% | 5.67% | 5.95% | 5.15% | 4.48% | 4.36% |
| Benchmark | 0.55% | 1.14% | 5.43% | 8.72% | 12.83% | 12.58% | 13.40% | 12.75% | 6.87% | 7.67% | 7.94% | 7.64% | 7.90% | 7.56% |
| Category Average | 0.74% | 1.25% | 3.56% | 7.23% | 11.16% | 10.10% | 11.16% | 9.85% | 5.40% | 6.79% | 6.55% | 6.15% | 6.13% | 5.97% |
| Category Rank | 416 / 1,777 | 1,028 / 1,773 | 1,353 / 1,762 | 1,494 / 1,746 | 1,583 / 1,731 | 1,544 / 1,654 | 1,505 / 1,591 | 1,453 / 1,559 | 1,279 / 1,425 | 1,064 / 1,288 | 937 / 1,245 | 928 / 1,124 | 927 / 994 | 827 / 891 |
| Quartile Ranking | 1 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.95% | 0.19% | 0.52% | -0.07% | 0.96% | 1.70% | -3.95% | 3.61% | 2.21% | 0.54% | -0.43% | 0.99% |
| Benchmark | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% | -1.63% | 0.55% |
Best Monthly Return Since Inception
7.23% (November 2020)
Worst Monthly Return Since Inception
-10.79% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.35% | 5.49% | -7.34% | 9.81% | 11.21% | 5.80% | -10.42% | 10.77% | 6.51% | 8.93% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% | 12.15% | 9.84% |
| Quartile Ranking | 3 | 4 | 4 | 4 | 1 | 4 | 2 | 2 | 4 | 3 |
| Category Rank | 620/ 836 | 701/ 908 | 1,011/ 1,053 | 1,075/ 1,169 | 192/ 1,258 | 1,228/ 1,338 | 712/ 1,481 | 451/ 1,567 | 1,567/ 1,614 | 1,049/ 1,670 |
Best Calendar Return (Last 10 years)
11.21% (2020)
Worst Calendar Return (Last 10 years)
-10.42% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 29.28 |
| Foreign Government Bonds | 23.83 |
| Foreign Corporate Bonds | 23.37 |
| International Equity | 18.48 |
| Canadian Equity | 2.35 |
| Other | 2.69 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 47.49 |
| Technology | 15.37 |
| Consumer Goods | 6.89 |
| Healthcare | 5.29 |
| Financial Services | 5.10 |
| Other | 19.86 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 74.40 |
| Europe | 12.18 |
| Asia | 7.62 |
| Latin America | 4.10 |
| Multi-National | 0.02 |
| Other | 1.68 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury 4.25% 15-Aug-2054 | - |
| USTN 4.13% 15-Feb-2036 | - |
| Fidelity U.S. Money Market Investment Trust O | - |
| United States Treasury 4.38% 15-May-2034 | - |
| United States Treasury 4.13% 15-Aug-2053 | - |
| USTB 4.75% 15-Feb-2056 | - |
| NVIDIA Corp | - |
| USTN 4.25% 15-Aug-2035 | - |
| United States Treasury 4.75% 15-May-2055 | - |
| Micron Technology Inc | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity NorthStar Balanced Currency Neutral Fund Series B
Median
Other - Global Neutral Balanced
3 Yr Annualized
| Standard Deviation | 7.12% | 7.84% | 7.93% |
|---|---|---|---|
| Beta | 0.81 | 0.81 | 0.81 |
| Alpha | -0.02 | -0.02 | -0.02 |
| Rsquared | 0.67% | 0.74% | 0.57% |
| Sharpe | 0.70 | 0.13 | 0.33 |
| Sortino | 1.20 | 0.18 | 0.28 |
| Treynor | 0.06 | 0.01 | 0.03 |
| Tax Efficiency | 90.59% | 82.39% | 88.89% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.24% | 7.12% | 7.84% | 7.93% |
| Beta | 0.65 | 0.81 | 0.81 | 0.81 |
| Alpha | -0.01 | -0.02 | -0.02 | -0.02 |
| Rsquared | 0.70% | 0.67% | 0.74% | 0.57% |
| Sharpe | 0.79 | 0.70 | 0.13 | 0.33 |
| Sortino | 0.99 | 1.20 | 0.18 | 0.28 |
| Treynor | 0.08 | 0.06 | 0.01 | 0.03 |
| Tax Efficiency | 82.14% | 90.59% | 82.39% | 88.89% |
Fund Details
| 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) | $133 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2437 |
Investment Objectives
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.
Investment Strategy
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.
Portfolio Management
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Management & Research Company LLC |
Management and Organization
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
Fidelity Investments Canada ULC |
| Distributor |
- |
Investment Minimums
| 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 |
Fees
| MER | 2.23% |
|---|---|
| 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) | - |
Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
