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Fidelity International Concentrated Equity Currency Neutral Fund Series A

International Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

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NAVPS
(04-18-2024)
$12.27
Change
$0.08 (0.65%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Fidelity International Concentrated Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (November 01, 2017): 3.67%

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 4.15% 3.95% 9.47% 3.95% 10.35% 8.99% 3.11% 14.90% 6.01% 3.96% - - - -
Benchmark 3.12% 7.59% 16.68% 7.59% 15.23% 9.95% 5.89% 11.85% 7.22% 5.75% 6.70% 7.66% 6.18% 6.93%
Category Average 2.83% 15.60% 15.60% 7.06% 12.44% 8.30% 4.27% 10.73% 6.20% 4.82% 5.67% 6.45% 5.01% 5.58%
Category Rank 93 / 783 693 / 775 740 / 763 693 / 775 501 / 742 374 / 719 516 / 694 68 / 656 378 / 620 410 / 540 - - - -
Quartile Ranking 1 4 4 4 3 3 3 1 3 4 - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.63% -4.02% 5.26% 3.88% -3.31% -2.26% -5.44% 7.62% 3.48% 0.22% -0.40% 4.15%
Benchmark 2.76% -3.45% 1.52% 3.11% -1.30% -3.65% -1.92% 7.38% 2.98% 0.90% 3.40% 3.12%

Best Monthly Return Since Inception

17.54% (November 2020)

Worst Monthly Return Since Inception

-21.12% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -17.00% 24.79% 1.36% 13.22% -14.63% 18.48%
Benchmark 4.12% 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74%
Category Average 1.55% 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75%
Quartile Ranking - - - - 4 1 3 1 3 1
Category Rank - - - - 526/ 531 70/ 599 469/ 653 117/ 684 450/ 707 66/ 738

Best Calendar Return (Last 10 years)

24.79% (2019)

Worst Calendar Return (Last 10 years)

-17.00% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 96.63
Canadian Equity 2.48
Cash and Equivalents 0.88
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 21.59
Consumer Goods 19.08
Financial Services 17.04
Industrial Services 10.40
Industrial Goods 9.93
Other 21.96

Geographic Allocation

Geographic Allocation
Name Percent
Europe 75.29
Asia 21.34
North America 3.36
Other 0.01

Top Holdings

Top Holdings
Name Percent
Clarivate PLC -
Prosus NV -
Banco Bilbao Vizcaya Argentaria SA -
Airbus SE -
Alibaba Group Holding Ltd -
BNP Paribas SA -
Barclays PLC -
Elis SA -
Samsung Electronics Co Ltd -
Reckitt Benckiser Group PLC -

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity International Concentrated Equity Currency Neutral Fund Series A

Median

Other - International Equity

3 Yr Annualized

Standard Deviation 17.69% 20.71% -
Beta 1.15% 1.34% -
Alpha -0.03% -0.03% -
Rsquared 0.76% 0.80% -
Sharpe 0.11% 0.29% -
Sortino 0.13% 0.35% -
Treynor 0.02% 0.05% -
Tax Efficiency 100.00% 99.80% -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.21% 17.69% 20.71% -
Beta 1.08% 1.15% 1.34% -
Alpha -0.05% -0.03% -0.03% -
Rsquared 0.74% 0.76% 0.80% -
Sharpe 0.43% 0.11% 0.29% -
Sortino 0.93% 0.13% 0.35% -
Treynor 0.06% 0.02% 0.05% -
Tax Efficiency 100.00% 100.00% 99.80% -

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 November 01, 2017
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $0

Fund Codes

FundServ Code Load Code Sales Status
FID6065
FID6066
FID6067

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 invests primarily in equity securities of companies located outside of the United States. The Fund uses derivatives to try to minimize the exposure to currency fluctuations between developed market foreign currencies and the Canadian dollar.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity International Concentrated Equity Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Aims to favour attractively priced companies that show the potential for above-average long-term compounding of total shareholder returns and better than average quality characteristics.

Portfolio Manager(s)

Name Start Date
Patrice Quirion 11-01-2017
Fidelity Canada Investment Management 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 Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.61%
Management Fee 2.00%
Load Back Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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