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Fidelity Canadian Balanced Fund Series B

Canadian Neutral Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2015, 2014

Click for more information on Fundata’s FundGrade

NAVPS
(07-23-2025)
$28.75
Change
-$0.01 (-0.03%)

As at June 30, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2024Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020Jan 2025J…$10,000$11,000$12,000$13,000$14,000Period

Legend

Fidelity Canadian Balanced Fund Series B

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Fund Returns

Inception Return (September 29, 1998): 7.22%

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 1.68% 3.93% 4.24% 4.24% 13.36% 11.29% 9.57% 4.97% 6.76% 6.18% 5.98% 5.99% 5.79% 5.21%
Benchmark 1.62% 4.35% 6.16% 6.16% 16.80% 12.51% 10.68% 5.96% 7.95% 7.06% 6.86% 6.76% 6.67% 6.23%
Category Average 1.47% 3.23% 4.31% 4.31% 11.87% 10.18% 8.95% 4.50% 6.66% 5.62% 5.32% 5.15% 5.25% 4.78%
Category Rank 162 / 444 144 / 438 283 / 438 283 / 438 169 / 438 182 / 429 187 / 408 235 / 388 274 / 368 197 / 358 168 / 352 142 / 341 180 / 327 176 / 302
Quartile Ranking 2 2 3 3 2 2 2 3 3 3 2 2 3 3

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.81% -0.31% 2.08% 0.92% 4.98% -1.88% 3.03% -0.16% -2.49% -0.71% 2.95% 1.68%
Benchmark 4.19% 0.91% 2.55% -0.02% 4.18% -2.03% 2.42% 0.29% -0.96% -0.40% 3.10% 1.62%

Best Monthly Return Since Inception

7.95% (December 1999)

Worst Monthly Return Since Inception

-10.54% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 3.53% 5.46% 4.92% -3.48% 14.11% 9.36% 10.65% -9.40% 8.19% 13.24%
Benchmark -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43% 13.55%
Category Average 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27% 11.70%
Quartile Ranking 1 4 4 2 2 1 3 4 3 2
Category Rank 42/ 289 281/ 322 252/ 334 144/ 345 113/ 355 35/ 364 267/ 379 306/ 398 255/ 418 162/ 432

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 45.45
Canadian Government Bonds 20.29
Canadian Corporate Bonds 13.42
Foreign Corporate Bonds 9.63
US Equity 5.96
Other 5.25

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 44.61
Financial Services 15.87
Basic Materials 8.29
Technology 7.42
Industrial Services 6.46
Other 17.35

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.38
Europe 0.51
Multi-National 0.41
Asia 0.06
Latin America 0.01
Other 0.63

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
Constellation Software Inc -
Royal Bank of Canada -
Agnico Eagle Mines Ltd -
Shopify Inc Cl A -
Waste Connections Inc -
Fairfax Financial Holdings Ltd -
Thomson Reuters Corp -
Intact Financial Corp -
Wheaton Precious Metals Corp -

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return789101112132%4%6%8%10%12%14%16%

Fidelity Canadian Balanced Fund Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.00% 8.02% 8.18%
Beta 0.87% 0.89% 0.93%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.93% 0.93% 0.90%
Sharpe 0.69% 0.55% 0.45%
Sortino 1.44% 0.74% 0.42%
Treynor 0.06% 0.05% 0.04%
Tax Efficiency 92.78% 85.14% 77.96%
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 4 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 7.75% 8.00% 8.02% 8.18%
Beta 1.03% 0.87% 0.89% 0.93%
Alpha -0.03% 0.00% 0.00% -0.01%
Rsquared 0.87% 0.93% 0.93% 0.90%
Sharpe 1.23% 0.69% 0.55% 0.45%
Sortino 2.69% 1.44% 0.74% 0.42%
Treynor 0.09% 0.06% 0.05% 0.04%
Tax Efficiency 91.88% 92.78% 85.14% 77.96%

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) $2,831

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 Management

Portfolio Manager

Fidelity Investments Canada ULC

  • 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 2.06%
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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