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CAN Fidelity True North Gens

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Canadian Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021

Click for more information on Fundata’s FundGrade

NAVPS
(05-29-2025) 		$67.29
Change
-$0.22 (-0.32%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 1999Jan 2001Jan 2003Jan 2005Jan 2007Jan 2009Jan 2011Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2001Jan 2005Jan 2009Jan 2013Jan 2017Jan 2021$10,000$30,000$50,000$70,000$8,000$9,000$11,000$12,000$13,000Period

Legend

CAN Fidelity True North Gens

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Fund Returns

Inception Return (November 27, 1998): 7.30%

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 0.93% -0.46% 3.60% 1.62% 12.67% 9.50% 7.06% 7.19% 10.94% 8.49% 8.22% 7.03% 7.25% 6.05%
Benchmark -0.10% -2.00% 4.34% 1.41% 17.85% 13.20% 9.57% 10.07% 14.37% 10.31% 10.21% 9.29% 9.91% 8.27%
Category Average 0.23% -1.84% 3.11% 0.90% 14.34% 10.68% 7.88% 8.62% 12.76% 8.73% 8.40% 7.51% 8.11% 6.76%
Category Rank 107 / 645 113 / 645 255 / 634 223 / 645 420 / 621 351 / 585 263 / 572 410 / 567 410 / 555 176 / 490 120 / 356 130 / 353 153 / 349 128 / 335
Quartile Ranking 1 1 2 2 3 3 2 3 3 2 2 2 2 2

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.71% -0.84% 4.90% -0.74% 1.85% 0.69% 4.94% -2.85% 2.09% 0.41% -1.78% 0.93%
Benchmark 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10%

Best Monthly Return Since Inception

14.43% (December 1999)

Worst Monthly Return Since Inception

-16.65% (October 2008)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -3.08% 8.64% 3.59% -6.22% 15.78% 8.68% 21.66% -6.55% 8.68% 14.75%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average -6.15% 16.46% 6.89% -9.47% 19.21% 3.42% 23.26% -4.82% 9.85% 17.87%
Quartile Ranking 2 4 4 1 4 1 3 3 2 4
Category Rank 124/ 334 317/ 349 272/ 353 59/ 353 412/ 489 73/ 550 357/ 567 406/ 572 266/ 583 487/ 621

Best Calendar Return (Last 10 years)

21.66% (2021)

Worst Calendar Return (Last 10 years)

-6.55% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 99.97
Cash and Equivalents 0.04
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Mutual Fund 99.97
Cash and Cash Equivalent 0.04
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Fidelity True North Fund Series A 99.97
Cash and Cash Equivalents 0.04

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return5678910111213141516171819200%5%10%15%20%25%

CAN Fidelity True North Gens

Median

Other - Canadian Equity

3 Yr Annualized

Standard Deviation 10.64% 10.70% 10.31%
Beta 0.77% 0.83% 0.77%
Alpha 0.00% -0.01% 0.00%
Rsquared 0.96% 0.95% 0.92%
Sharpe 0.33% 0.80% 0.46%
Sortino 0.63% 1.24% 0.49%
Treynor 0.04% 0.10% 0.06%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.41% 10.64% 10.70% 10.31%
Beta 0.77% 0.77% 0.83% 0.77%
Alpha -0.01% 0.00% -0.01% 0.00%
Rsquared 0.91% 0.96% 0.95% 0.92%
Sharpe 1.02% 0.33% 0.80% 0.46%
Sortino 2.34% 0.63% 1.24% 0.49%
Treynor 0.11% 0.04% 0.10% 0.06%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.0​22.033.6​33.60%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A27.5​27.533.3​33.30%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.6​22.632.9​32.90%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A14.4​14.431.9​31.90%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date November 27, 1998
Instrument Type Segregated Fund
Share Class -
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency No Distribution
Assets ($mil) $215

Fund Codes

FundServ Code Load Code Sales Status
CLA1176
CLA176

Investment Objectives

This fund aims to achieve long-term capital growth by investing primarily in Canadian equity securities.

Investment Strategy

Fidelity Trune North Fund delivers superior long-term growth potential through its freedom to pursue opportunities throughout the Canadian market. Fidelity examines each company's potential for success in light of its current condition, its industry position, economic and market conditions. Fidelity considers factors like growth potential, earnings estimates and quality of management.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Maxime Lemieux
Sub-Advisor

-

Management and Organization

Fund Manager

Canada Life Assurance Co.
Custodian

-
Registrar

-
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 3.50%
Management Fee 3.00%
Load Choice of Front or Back
FE Max -
DSC Max 4.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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