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Fidelity American Balanced Currency Neutral Fund Series A

Global Equity Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-25-2025)
$16.03
Change
$0.03 (0.18%)

As at June 30, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Sep 2016May 2017Jan 2018Sep 2018May 2019Jan 2020Sep 2020May 2021Jan 2022Sep 2022May 2023Jan 2024Sep 2024May 2025Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Mar 2017May 2018Jul 2019Sep 2020Nov 2021Jan 2023Mar 2024$10,000$20,000$12,500$15,000$17,500$9,000$11,000$12,000$13,000$14,000Period

Legend

Fidelity American Balanced Currency Neutral Fund Series A

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Fund Returns

Inception Return (June 28, 2016): 6.82%

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 3.82% 7.59% 5.22% 5.22% 9.27% 12.44% 11.32% 4.97% 8.36% 6.87% 6.37% 6.42% 6.68% -
Benchmark 3.03% 4.19% 3.86% 3.86% 14.13% 16.01% 15.62% 7.80% 9.74% 9.30% 8.68% 8.87% 9.42% 8.79%
Category Average 2.34% 4.07% 4.07% 4.07% 11.80% 12.44% 11.89% 5.54% 8.34% 7.09% 6.49% 6.36% 6.79% 6.01%
Category Rank 30 / 1,327 31 / 1,307 346 / 1,306 346 / 1,306 1,097 / 1,292 708 / 1,221 821 / 1,187 731 / 1,069 543 / 1,006 609 / 980 519 / 860 461 / 800 452 / 732 -
Quartile Ranking 1 1 2 2 4 3 3 3 3 3 3 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 1.06% 1.02% 1.40% -1.22% 3.90% -2.24% 2.87% -1.42% -3.57% -0.55% 4.20% 3.82%
Benchmark 3.06% -0.02% 2.38% 0.42% 3.57% 0.16% 3.26% -0.48% -3.00% -2.54% 3.76% 3.03%

Best Monthly Return Since Inception

7.05% (April 2020)

Worst Monthly Return Since Inception

-11.53% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - 12.04% -6.00% 15.40% 6.96% 13.74% -13.41% 12.85% 13.61%
Benchmark 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07% 21.57%
Category Average 4.87% 4.92% 9.31% -5.49% 15.12% 8.09% 12.42% -11.85% 11.42% 15.99%
Quartile Ranking - - 1 3 3 3 2 3 2 4
Category Rank - - 161/ 753 580/ 824 490/ 915 689/ 1,000 343/ 1,049 798/ 1,146 340/ 1,196 1,064/ 1,279

Best Calendar Return (Last 10 years)

15.40% (2019)

Worst Calendar Return (Last 10 years)

-13.41% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 44.26
Foreign Corporate Bonds 15.78
International Equity 14.38
Foreign Government Bonds 12.45
Cash and Equivalents 5.26
Other 7.87

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 29.25
Technology 17.12
Financial Services 10.30
Consumer Services 7.53
Healthcare 5.55
Other 30.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 79.16
Europe 7.93
Asia 5.97
Multi-National 2.39
Latin America 1.79
Other 2.76

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
Meta Platforms Inc Cl A -
United States Treasury 4.38% 15-May-2034 -
Microsoft Corp -
NVIDIA Corp -
Apple Inc -
iShares Gold Trust ETF (IAU) -
Amazon.com Inc -
Berkshire Hathaway Inc Cl A -
Berkshire Hathaway Inc Cl B -

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 Return56789101112131415161718-5%0%5%10%15%20%25%

Fidelity American Balanced Currency Neutral Fund Series A

Median

Other - Global Equity Balanced

3 Yr Annualized

Standard Deviation 10.24% 10.22% -
Beta 1.01% 0.96% -
Alpha -0.04% -0.01% -
Rsquared 0.86% 0.83% -
Sharpe 0.71% 0.59% -
Sortino 1.35% 0.83% -
Treynor 0.07% 0.06% -
Tax Efficiency 87.25% 89.44% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 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 9.00% 10.24% 10.22% -
Beta 0.94% 1.01% 0.96% -
Alpha -0.04% -0.04% -0.01% -
Rsquared 0.74% 0.86% 0.83% -
Sharpe 0.66% 0.71% 0.59% -
Sortino 1.22% 1.35% 0.83% -
Treynor 0.06% 0.07% 0.06% -
Tax Efficiency 62.67% 87.25% 89.44% -

Fund Details

Start Date June 28, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1

Fund Codes

FundServ Code Load Code Sales Status
FID3506
FID3507
FID3508

Investment Objectives

The Fund aims to achieve long term capital growth. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund aims to achieve long term capital growth by investing primarily in a mix of equity securities, fixed income securities and money market instruments of U.S. issuers and other issuers from around the world.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity American Balanced Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Follows a neutral mix guideline of approximately 65% equity securities, and 35% fixed income securities and money market instruments. Depending on market conditions, may vary the underlying fund’s asset mix from the neutral mix if it believes this produces the best overall return.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • David D. Wolf
  • David Tulk
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 5,000
SWP Min Withdrawal 50

Fees

MER 2.59%
Management Fee 2.00%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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