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Fidelity Canadian Balanced Fund Series B

Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2015, 2014

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NAVPS
(05-21-2024)
$26.21
Change
$0.05 (0.19%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Canadian Balanced Fund Series B

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Fund Returns

Inception Return (September 29, 1998): 6.96%

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 -1.72% 1.19% 10.26% 2.12% 5.72% 3.31% 2.82% 5.82% 4.65% 5.01% 4.46% 4.94% 4.27% 4.93%
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 163 / 448 350 / 442 312 / 442 249 / 442 179 / 431 270 / 418 240 / 389 255 / 378 170 / 368 149 / 361 149 / 346 172 / 333 132 / 299 106 / 287
Quartile Ranking 2 4 3 3 2 3 3 3 2 2 2 3 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.87% 1.58% 0.61% 0.07% -2.51% -1.00% 5.18% 2.65% 0.92% 1.11% 1.83% -1.72%
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

7.95% (December 1999)

Worst Monthly Return Since Inception

-10.54% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 11.12% 3.53% 5.46% 4.92% -3.48% 14.11% 9.36% 10.65% -9.40% 8.19%
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 1 1 4 4 2 2 1 3 4 3
Category Rank 57/ 286 47/ 299 288/ 331 262/ 344 144/ 355 118/ 365 36/ 374 276/ 389 312/ 409 265/ 429

Best Calendar Return (Last 10 years)

14.11% (2019)

Worst Calendar Return (Last 10 years)

-9.40% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 46.96
Canadian Government Bonds 18.64
Canadian Corporate Bonds 15.62
Foreign Bonds - Funds 10.90
US Equity 5.75
Other 2.13

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 45.71
Financial Services 10.01
Industrial Services 9.97
Technology 9.97
Basic Materials 8.72
Other 15.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00
Europe 0.05
Other -0.05

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
Constellation Software Inc -
Canadian Natural Resources Ltd -
Canadian National Railway Co -
Shopify Inc Cl A -
WSP Global Inc -
Waste Connections Inc -
Brookfield Asset Management Ltd Cl A -
Dollarama Inc -
Restaurant Brands International Inc -

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 Canadian Balanced Fund Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.54% 9.72% 8.09%
Beta 0.88% 0.92% 0.92%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.97% 0.96% 0.87%
Sharpe 0.05% 0.31% 0.46%
Sortino 0.02% 0.28% 0.37%
Treynor 0.00% 0.03% 0.04%
Tax Efficiency 65.94% 78.56% 73.54%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.94% 8.54% 9.72% 8.09%
Beta 0.80% 0.88% 0.92% 0.92%
Alpha 0.02% 0.00% 0.00% 0.00%
Rsquared 0.96% 0.97% 0.96% 0.87%
Sharpe 0.13% 0.05% 0.31% 0.46%
Sortino 0.60% 0.02% 0.28% 0.37%
Treynor 0.01% 0.00% 0.03% 0.04%
Tax Efficiency 92.12% 65.94% 78.56% 73.54%

Fund Details

Start Date September 29, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $2,749

Fund Codes

FundServ Code Load Code Sales Status
FID282

Investment Objectives

The Fund aims to achieve high total investment return. The Fund uses a balanced approach. It invests primarily in a mix of Canadian equity securities, investment grade bonds, high yield 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 approx. 50% equity securities, 40% investment grade bonds, and 10% high yield securities. Generally keeps the Fund’s asset mix within the following ranges: 40-60% equity securities, 30-50% investment grade bonds, and 0-20% high yield securities. Invests in any kind of equity or fixed income security, or money market instrument, including high yield securities and other lower quality debt securities.

Portfolio Manager(s)

Name Start Date
Harley Lank 01-21-2008
Darren Lekkerkerker 04-30-2010
Geoffrey D. Stein 03-22-2017
Catriona Martin 03-22-2017
David D. Wolf 03-22-2017
Sri Tella 03-22-2017
Fidelity Management & Research Company LLC 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

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 2.06%
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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