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Fidelity Technology Innovators Class 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
(04-18-2024)
$92.36
Change
-$0.33 (-0.36%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Fidelity Technology Innovators Class Series B

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Fund Returns

Inception Return (September 25, 2001): 10.62%

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 2.08% 8.58% 23.94% 8.58% 27.68% 16.16% 11.29% 23.25% 20.08% 19.05% 19.35% 20.90% 19.61% 20.72%
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 1.75% 21.53% 21.53% 10.46% 26.42% 7.93% 5.18% 15.21% 11.07% 11.30% 11.63% 12.17% 10.44% 11.78%
Category Rank 81 / 198 117 / 197 74 / 193 117 / 197 75 / 177 32 / 159 36 / 144 24 / 138 12 / 127 12 / 119 12 / 94 11 / 94 6 / 87 6 / 76
Quartile Ranking 2 3 2 3 2 1 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -2.39% 3.76% 2.18% 3.74% -0.52% -3.54% -1.59% 11.45% 4.08% 0.66% 5.68% 2.08%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

18.89% (November 2002)

Worst Monthly Return Since Inception

-14.44% (December 2002)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 26.39% 30.26% 14.16% 27.18% 4.01% 36.72% 40.75% 20.10% -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 26/ 76 12/ 87 15/ 94 30/ 94 45/ 114 10/ 125 36/ 135 45/ 140 68/ 157 62/ 168

Best Calendar Return (Last 10 years)

40.75% (2020)

Worst Calendar Return (Last 10 years)

-17.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 52.22
International Equity 41.98
Cash and Equivalents 5.71
Foreign Corporate Bonds 0.12
Other -0.03

Sector Allocation

Sector Allocation
Name Percent
Technology 57.59
Consumer Services 9.23
Telecommunications 7.60
Financial Services 7.33
Cash and Cash Equivalent 5.71
Other 12.54

Geographic Allocation

Geographic Allocation
Name Percent
North America 58.12
Asia 21.02
Europe 20.89
Other -0.03

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
Microsoft Corp -
Apple Inc -
Taiwan Semiconductor Manufactrg Co Ltd -
Telefonaktiebolaget LM Ericsson Cl B -
Qualcomm Inc -
Amazon.com Inc -
Alphabet Inc Cl A -
Autodesk Inc -
Fidelity National Info Srvcs 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 Class Series B

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 17.03% 17.55% 15.92%
Beta 0.97% 0.88% 0.83%
Alpha 0.03% 0.10% 0.13%
Rsquared 0.58% 0.61% 0.44%
Sharpe 0.56% 1.03% 1.18%
Sortino 0.91% 1.71% 1.93%
Treynor 0.10% 0.20% 0.23%
Tax Efficiency 99.10% 99.59% 99.67%
Volatility Volatility rating is 9 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 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.17% 17.03% 17.55% 15.92%
Beta 0.67% 0.97% 0.88% 0.83%
Alpha 0.16% 0.03% 0.10% 0.13%
Rsquared 0.36% 0.58% 0.61% 0.44%
Sharpe 1.47% 0.56% 1.03% 1.18%
Sortino 4.49% 0.91% 1.71% 1.93%
Treynor 0.31% 0.10% 0.20% 0.23%
Tax Efficiency 100.00% 99.10% 99.59% 99.67%

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 Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $70

Fund Codes

FundServ Code Load Code Sales Status
FID290

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 are positioned to benefit from advances in technology.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Technology Innovators Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: 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.

Portfolio Manager(s)

Name Start Date
Pyramis Global Advisors Trust Company 01-01-2006
Fidelity Management and Research (FMR) Company 01-01-2006
Fidelity Investments Money Management Inc. 01-01-2006
Pyramis Canada ULC 11-10-2008
State Street Global Advisors Ltd. 11-10-2008
Hyun Ho Sohn 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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.25%
Management Fee 1.85%
Load Front 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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