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Fidelity Technology Innovators Fund Series B

Sector Equity

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-19-2024)
$102.57
Change
-$1.09 (-1.05%)

As at June 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Fidelity Technology Innovators Fund Series B

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Fund Returns

Inception Return (June 05, 1997): 9.35%

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 4.30% 5.87% 14.96% 14.96% 30.63% 30.11% 11.75% 18.30% 21.06% 19.53% 19.87% 21.71% 20.10% 21.25%
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average 3.66% 13.59% 13.59% 13.59% 21.42% 20.53% 3.94% 10.80% 11.52% 10.89% 11.56% 12.39% 10.80% 11.93%
Category Rank 73 / 191 54 / 190 61 / 189 61 / 189 52 / 181 44 / 155 26 / 141 26 / 130 16 / 127 10 / 116 17 / 92 15 / 86 8 / 79 7 / 68
Quartile Ranking 2 2 2 2 2 2 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.74% -0.52% -3.54% -1.59% 11.45% 4.08% 0.66% 5.68% 2.08% -2.32% 3.93% 4.30%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

22.71% (February 2000)

Worst Monthly Return Since Inception

-24.77% (February 2001)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 26.34% 30.21% 14.03% 27.14% 4.00% 36.73% 40.76% 20.08% -17.53% 38.91%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 17.30% 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53%
Quartile Ranking 2 1 1 2 2 1 2 2 2 2
Category Rank 25/ 68 13/ 79 16/ 86 27/ 86 44/ 106 9/ 117 35/ 127 42/ 132 67/ 149 57/ 161

Best Calendar Return (Last 10 years)

40.76% (2020)

Worst Calendar Return (Last 10 years)

-17.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 53.62
International Equity 44.32
Cash and Equivalents 2.03
Foreign Corporate Bonds 0.05
Other -0.02

Sector Allocation

Sector Allocation
Name Percent
Technology 62.84
Consumer Services 8.88
Telecommunications 7.18
Financial Services 6.63
Industrial Goods 4.92
Other 9.55

Geographic Allocation

Geographic Allocation
Name Percent
North America 56.14
Asia 23.67
Europe 19.79
Africa and Middle East 0.42
Other -0.02

Top Holdings

Top Holdings
Name Percent
Microsoft Corp -
Taiwan Semiconductor Manufactrg Co Ltd -
Alphabet Inc Cl A -
Amazon.com Inc -
Apple Inc -
Texas Instruments Inc -
Qualcomm Inc -
Telefonaktiebolaget LM Ericsson Cl B -
Alibaba Group Holding Ltd - ADR -
Autodesk Inc -

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)

Fidelity Technology Innovators Fund Series B

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 17.13% 16.59% 15.95%
Beta 0.98% 0.84% 0.85%
Alpha 0.06% 0.12% 0.14%
Rsquared 0.59% 0.62% 0.45%
Sharpe 0.56% 1.12% 1.20%
Sortino 0.95% 1.99% 1.98%
Treynor 0.10% 0.22% 0.23%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.33% 17.13% 16.59% 15.95%
Beta 1.05% 0.98% 0.84% 0.85%
Alpha 0.15% 0.06% 0.12% 0.14%
Rsquared 0.72% 0.59% 0.62% 0.45%
Sharpe 1.61% 0.56% 1.12% 1.20%
Sortino 4.99% 0.95% 1.99% 1.98%
Treynor 0.22% 0.10% 0.22% 0.23%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

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

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

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

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.

Fund Details

Start Date June 05, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $411

Fund Codes

FundServ Code Load Code Sales Status
FID297

Investment Objectives

The Fund aims to achieve long-term capital growth. It invests primarily in equity securities of companies anywhere in the world that are positioned to benefit from advances in technology.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Invests in companies in technology industries, including computer services, computer software, computer systems, communications systems, electronics, internet related companies, office equipment, scientific instruments, and semiconductors. When buying and selling equity securities, may consider other factors about a company, including: > Financial condition. > Industry position. > Economic and market conditions. > Growth potential.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 11-12-2021
FIL Limited 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

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 2.24%
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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