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Fidelity Global Financial Services Class Series B

Financial Services Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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)
$35.54
Change
-$0.26 (-0.73%)

As at June 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Global Financial Services Class Series B

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Fund Returns

Inception Return (September 25, 2001): 5.90%

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 -0.41% 1.54% 12.27% 12.27% 22.78% 20.82% 6.79% 13.45% 9.06% 7.82% 7.56% 9.72% 7.56% 9.35%
Benchmark -0.07% 1.28% 11.27% 11.27% 24.38% 18.22% 8.53% 13.66% 8.20% 7.64% 7.71% 10.17% 7.85% 9.10%
Category Average -1.72% 6.35% 6.35% 6.35% 17.00% 11.08% 3.65% 13.00% 7.63% 6.79% 7.08% 9.38% 7.39% 7.85%
Category Rank 16 / 76 9 / 76 15 / 75 15 / 75 24 / 72 11 / 65 11 / 56 20 / 55 14 / 51 19 / 48 19 / 41 19 / 37 18 / 33 13 / 32
Quartile Ranking 1 1 1 1 2 1 1 2 2 2 2 3 3 2

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 4.47% -0.79% -1.34% -1.70% 6.47% 2.19% 2.37% 4.43% 3.42% -1.15% 3.14% -0.41%
Benchmark 4.62% -0.85% -2.45% -0.85% 7.51% 3.63% 1.30% 4.53% 3.76% -1.77% 3.17% -0.07%

Best Monthly Return Since Inception

15.81% (November 2020)

Worst Monthly Return Since Inception

-18.56% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 12.19% 21.18% 2.20% 16.24% -8.34% 16.62% 1.97% 21.41% -9.34% 13.58%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking 2 1 4 2 2 3 2 4 1 1
Category Rank 11/ 30 3/ 33 29/ 33 12/ 41 21/ 45 34/ 49 18/ 51 51/ 56 14/ 56 15/ 65

Best Calendar Return (Last 10 years)

21.41% (2021)

Worst Calendar Return (Last 10 years)

-9.34% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 53.89
International Equity 39.08
Cash and Equivalents 4.20
Canadian Equity 2.82
Foreign Corporate Bonds 0.04
Other -0.03

Sector Allocation

Sector Allocation
Name Percent
Financial Services 90.63
Cash and Cash Equivalent 4.20
Industrial Services 2.91
Basic Materials 1.94
Technology 0.31
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 60.80
Europe 20.95
Asia 15.01
Latin America 3.27
Other -0.03

Top Holdings

Top Holdings
Name Percent
JPMorgan Chase & Co -
Visa Inc Cl A -
Berkshire Hathaway Inc Cl B -
Fidelity U.S. Money Market Investment Trust O -
Wells Fargo & Co -
Morgan Stanley -
Mastercard Inc Cl A -
BNP Paribas SA -
Interactive Brokers Group Inc Cl A -
PNC Financial Services Group 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 Global Financial Services Class Series B

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 15.37% 17.74% 15.08%
Beta 1.08% 1.10% 1.08%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.90% 0.94% 0.94%
Sharpe 0.31% 0.46% 0.57%
Sortino 0.45% 0.59% 0.68%
Treynor 0.04% 0.07% 0.08%
Tax Efficiency 96.47% 97.97% 97.82%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.52% 15.37% 17.74% 15.08%
Beta 0.86% 1.08% 1.10% 1.08%
Alpha 0.02% -0.02% 0.00% 0.00%
Rsquared 0.94% 0.90% 0.94% 0.94%
Sharpe 1.71% 0.31% 0.46% 0.57%
Sortino 5.79% 0.45% 0.59% 0.68%
Treynor 0.19% 0.04% 0.07% 0.08%
Tax Efficiency 99.83% 96.47% 97.97% 97.82%

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 September 25, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) $4

Fund Codes

FundServ Code Load Code Sales Status
FID218

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 equity securities of companies anywhere in the world that provide financial services.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Global Financial Services Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Invests in companies that provide financial services, including, banking, payments, brokerage, investment management, investment banking, life insurance, personal loans, property and casualty insurance, and savings and loans services.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Money Management Inc. 01-01-2006
Pyramis Global Advisors Trust Company 01-01-2006
Fidelity International Limited 01-01-2006
Fidelity Management and Research (FMR) Company 01-01-2006
Pyramis Canada ULC 11-10-2008
State Street Global Advisors Ltd. 11-10-2008
Sotiris Boutsis 04-25-2022

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 -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.26%
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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