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Global Neutral Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-11-2024)
$12.00
Change
$0.03 (0.27%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Fidelity Global Asset Allocation Private Pool Series B

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Fund Returns

Inception Return (November 01, 2017): 4.56%

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 2.18% 2.01% 0.51% 8.28% 15.09% 7.02% 3.98% 7.12% 4.97% 4.52% - - - -
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.96% 12.03% 12.03% 4.49% 10.15% 3.31% 3.22% 7.67% 4.79% 4.62% 4.52% 5.09% 4.15% 4.67%
Category Rank 535 / 1,732 54 / 1,732 136 / 1,708 54 / 1,732 123 / 1,681 85 / 1,612 552 / 1,429 770 / 1,353 609 / 1,298 615 / 1,163 - - - -
Quartile Ranking 2 1 1 1 1 1 2 3 2 3 - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.28% -1.49% 0.24% 1.63% 0.79% -2.24% 0.51% 3.76% 1.76% 2.01% 3.88% 2.18%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

6.03% (April 2020)

Worst Monthly Return Since Inception

-6.68% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - 0.27% 9.62% 9.55% 5.08% -11.53% 10.56%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - 1 4 2 4 3 2
Category Rank - - - - 94/ 1,142 1,157/ 1,254 374/ 1,339 1,344/ 1,420 987/ 1,559 531/ 1,680

Best Calendar Return (Last 10 years)

10.56% (2023)

Worst Calendar Return (Last 10 years)

-11.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 32.23
Foreign Government Bonds 24.92
International Equity 18.37
Foreign Corporate Bonds 9.97
Cash and Equivalents 6.47
Other 8.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 39.03
Technology 17.15
Financial Services 8.10
Cash and Cash Equivalent 6.47
Healthcare 6.21
Other 23.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 57.66
Europe 18.90
Asia 12.68
Latin America 3.13
Multi-National 1.63
Other 6.00

Top Holdings

Top Holdings
Name Percent
iShares International Treasury Bond ETF (IGOV) -
High Yield Investments Directly Held -
Fidelity U.S. Money Market Investment Trust O -
Meta Platforms Inc Cl A -
Fidelity American High Yield Fund Series O -
Fidelity Convertible Secur Multi-Asset Base Fd O -
Microsoft Corp -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
iShares Short Treasury Bond ETF (SHV) -
NVIDIA 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)

Fidelity Global Asset Allocation Private Pool Series B

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 8.09% 8.04% -
Beta 0.87% 0.94% -
Alpha 0.01% 0.00% -
Rsquared 0.94% 0.90% -
Sharpe 0.20% 0.40% -
Sortino 0.22% 0.39% -
Treynor 0.02% 0.03% -
Tax Efficiency 86.32% 91.99% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.31% 8.09% 8.04% -
Beta 0.80% 0.87% 0.94% -
Alpha 0.05% 0.01% 0.00% -
Rsquared 0.90% 0.94% 0.90% -
Sharpe 1.52% 0.20% 0.40% -
Sortino 3.73% 0.22% 0.39% -
Treynor 0.12% 0.02% 0.03% -
Tax Efficiency 97.19% 86.32% 91.99% -

Fund Details

Start Date November 01, 2017
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $190

Fund Codes

FundServ Code Load Code Sales Status
FID5946

Investment Objectives

The Pool aims to achieve long-term capital appreciation. The Pool uses an asset allocation approach. It invests primarily in a mix of global equity and fixed income securities. The Pool 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 approximately 50% equity securities and 50% fixed income securities. Depending on market conditions, the portfolio manager may vary the Pool’s asset mix from the neutral mix if it believes this will produce the best overall return. Generally keeps the Pool’s asset mix within the following ranges: 20% – 70% equity securities and 30% – 80% fixed income securities and money market instruments.

Portfolio Manager(s)

Name Start Date
Geoffrey D. Stein 11-01-2017
David D. Wolf 11-01-2017
Fidelity Management & Research Company LLC 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 -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.06%
Management Fee 1.70%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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