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Fidelity Global Innovators Currency Neutral Class Series A

Global Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(05-16-2024)
$27.94
Change
-$0.33 (-1.17%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Global Innovators Currency Neutral Class Series A

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Fund Returns

Inception Return (November 01, 2017): 17.63%

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 -5.63% 12.84% 42.68% 18.40% 52.17% 15.32% 3.84% 20.13% 19.29% 17.57% - - - -
Benchmark -1.84% 6.75% 18.70% 8.25% 18.76% 13.40% 7.92% 13.07% 9.85% 9.77% 9.47% 11.38% 9.88% 10.74%
Category Average -2.59% 16.88% 16.88% 6.65% 13.80% 9.73% 4.96% 10.77% 7.61% 7.52% 7.30% 8.66% 7.25% 7.76%
Category Rank 2,017 / 2,062 28 / 2,040 18 / 2,032 37 / 2,036 22 / 1,943 174 / 1,798 1,238 / 1,636 21 / 1,505 16 / 1,447 20 / 1,243 - - - -
Quartile Ranking 4 1 1 1 1 1 4 1 1 1 - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 8.53% 6.10% 4.86% -2.51% -6.98% -2.60% 12.08% 7.51% 4.93% 12.60% 6.19% -5.63%
Benchmark -0.97% 2.98% 3.28% -0.19% -4.15% -0.71% 6.95% 2.53% 1.41% 5.64% 2.94% -1.84%

Best Monthly Return Since Inception

18.77% (November 2020)

Worst Monthly Return Since Inception

-13.30% (October 2018)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -13.10% 44.32% 91.79% 2.82% -35.21% 45.96%
Benchmark 13.97% 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37%
Category Average 8.33% 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08%
Quartile Ranking - - - - 4 1 1 4 4 1
Category Rank - - - - 1,127/ 1,203 9/ 1,407 19/ 1,488 1,598/ 1,604 1,717/ 1,758 24/ 1,919

Best Calendar Return (Last 10 years)

91.79% (2020)

Worst Calendar Return (Last 10 years)

-35.21% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 89.40
International Equity 5.61
Canadian Equity 4.37
Foreign Corporate Bonds 0.55
Cash and Equivalents 0.13
Other -0.06

Sector Allocation

Sector Allocation
Name Percent
Technology 53.70
Healthcare 10.58
Consumer Services 8.33
Financial Services 6.99
Real Estate 6.03
Other 14.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.59
Europe 3.64
Asia 1.46
Africa and Middle East 0.21
Other 0.10

Top Holdings

Top Holdings
Name Percent
NVIDIA Corp -
Amazon.com Inc -
Microsoft Corp -
Meta Platforms Inc Cl A -
Broadcom Inc -
Coinbase Global Inc Cl A -
Eli Lilly and Co -
Advanced Micro Devices Inc -
Micron Technology Inc -
Dell Technologies Inc Cl C -

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 Innovators Currency Neutral Class Series A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 24.03% 24.67% -
Beta 1.52% 1.49% -
Alpha -0.06% 0.05% -
Rsquared 0.67% 0.66% -
Sharpe 0.16% 0.76% -
Sortino 0.22% 1.24% -
Treynor 0.03% 0.13% -
Tax Efficiency 78.30% 96.76% -
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 22.92% 24.03% 24.67% -
Beta 1.78% 1.52% 1.49% -
Alpha 0.13% -0.06% 0.05% -
Rsquared 0.74% 0.67% 0.66% -
Sharpe 1.76% 0.16% 0.76% -
Sortino 4.16% 0.22% 1.24% -
Treynor 0.23% 0.03% 0.13% -
Tax Efficiency 99.70% 78.30% 96.76% -

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 Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $14

Fund Codes

FundServ Code Load Code Sales Status
FID5991
FID5992
FID5993

Investment Objectives

The Fund aims to achieve long-term capital appreciation. 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 appreciation by investing primarily in equity securities of companies located anywhere in the world that have the potential to be disruptive innovators.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Global Innovators Investment Trust. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Aims to identify companies that have the potential to be “disruptive innovators” in their industry.

Portfolio Manager(s)

Name Start Date
Mark Schmehl 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 Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.54%
Management Fee 2.00%
Load Front 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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