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Fidelity Canadian Asset Allocation Fund Series B

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Canadian Equity Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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
(11-14-2025) 		$35.70
Change
-$0.01 (-0.01%)

As at October 31, 2025

As at September 30, 2025

As at October 31, 2025

Period
Created with Highcharts 10.3.3Jan 2024Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020Jan 2025Jan …$10,000$9,000$11,000$12,000$13,000$14,000$15,000Period

Legend

Fidelity Canadian Asset Allocation Fund Series B

Compare Options

Fund Returns

Inception Return (December 30, 1994): 7.73%

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 0.66% 5.66% 12.66% 11.39% 13.58% 16.96% 11.70% 6.74% 9.72% 8.34% 8.74% 7.23% 6.88% 6.78%
Benchmark 0.91% 9.48% 17.83% 19.44% 22.35% 24.44% 15.83% 9.90% 13.10% 10.85% 11.11% 9.29% 9.19% 9.37%
Category Average 0.30% 4.44% 10.40% 9.85% 11.89% 16.49% 11.21% 6.43% 9.59% 7.64% 7.75% 6.31% 6.47% 6.49%
Category Rank 163 / 389 176 / 389 155 / 388 173 / 369 180 / 369 209 / 365 207 / 363 215 / 355 227 / 351 161 / 325 136 / 315 116 / 297 157 / 268 161 / 259
Quartile Ranking 2 2 2 2 2 3 3 3 3 2 2 2 3 3

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.25% -3.12% 3.41% -0.63% -2.66% -1.15% 3.89% 1.98% 0.63% 1.97% 2.94% 0.66%
Benchmark 5.15% -2.58% 2.89% -0.02% -1.20% -0.27% 4.19% 2.20% 1.08% 3.81% 4.50% 0.91%

Best Monthly Return Since Inception

9.33% (December 1999)

Worst Monthly Return Since Inception

-10.77% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -0.75% 7.07% 4.92% -3.95% 13.91% 7.84% 15.75% -7.72% 10.24% 12.39%
Benchmark -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48% 17.11%
Category Average -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70% 12.92%
Quartile Ranking 3 4 3 1 4 2 2 3 2 3
Category Rank 150/ 250 214/ 259 200/ 268 66/ 297 239/ 317 119/ 325 165/ 351 196/ 359 142/ 363 254/ 365

Best Calendar Return (Last 10 years)

15.75% (2021)

Worst Calendar Return (Last 10 years)

-7.72% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 59.97
International Equity 11.04
Canadian Government Bonds 10.37
US Equity 6.54
Cash and Equivalents 4.62
Other 7.46

Sector Allocation

Sector Allocation
Name Percent
Financial Services 23.96
Fixed Income 17.20
Basic Materials 13.85
Technology 10.03
Consumer Services 7.02
Other 27.94

Geographic Allocation

Geographic Allocation
Name Percent
North America 85.98
Asia 4.65
Europe 3.89
Multi-National 1.95
Latin America 1.47
Other 2.06

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada -
Toronto-Dominion Bank -
Fidelity Canadian Money Market Investment Trust O -
Shopify Inc Cl A -
Agnico Eagle Mines Ltd -
Bank of Montreal -
MSCI EAFE Index Future -
Wheaton Precious Metals Corp -
Brookfield Asset Management Ltd Cl A -
Barrick Gold Corp -

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 Return67891011124%6%8%10%12%14%16%18%20%22%

Fidelity Canadian Asset Allocation Fund Series B

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.02% 9.21% 8.66%
Beta 0.88% 0.87% 0.82%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.93% 0.95% 0.94%
Sharpe 0.84% 0.77% 0.59%
Sortino 1.72% 1.18% 0.67%
Treynor 0.09% 0.08% 0.06%
Tax Efficiency 90.39% 82.64% 82.56%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 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 9.08% 9.02% 9.21% 8.66%
Beta 1.03% 0.88% 0.87% 0.82%
Alpha -0.08% -0.02% -0.01% -0.01%
Rsquared 0.93% 0.93% 0.95% 0.94%
Sharpe 1.14% 0.84% 0.77% 0.59%
Sortino 2.14% 1.72% 1.18% 0.67%
Treynor 0.10% 0.09% 0.08% 0.06%
Tax Efficiency 94.01% 90.39% 82.64% 82.56%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A23.7​23.744.6​44.60%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: A27.8​27.845.2​45.20%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: A23.1​23.144.4​44.40%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: A20.9​20.942.3​42.30%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 December 30, 1994
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $3,885

Fund Codes

FundServ Code Load Code Sales Status
FID281

Investment Objectives

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

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 70% equity securities and 30% fixed income securities and money market instruments. Depending on market conditions, may vary the asset mix from the neutral mix if it believes this produces the best overall return. Generally keeps the Fund’s asset mix within the following ranges: 20%-90% equity securities, 10%-60% fixed income securities, and 0%-70% money market instruments.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Don Newman
  • Hugo Lavallee
  • Darren Lekkerkerker
  • David D. Wolf
  • David Tulk
Sub-Advisor

Fidelity Management & Research Company LLC

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 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.23%
Management Fee 1.85%
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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