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Fidelity CanAm Opportunities Currency Neutral Class Series A

North American Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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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NAVPS
(07-19-2024)
$15.52
Change
-$0.06 (-0.40%)

As at June 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity CanAm Opportunities Currency Neutral Class Series A

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Fund Returns

Inception Return (January 16, 2019): 8.91%

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 0.45% -0.72% 10.64% 10.64% 18.33% 13.71% 2.68% 9.74% 6.86% - - - - -
Benchmark 1.28% 2.40% 12.57% 12.57% 20.29% 18.43% 9.89% 14.82% 12.75% 11.74% 11.96% 12.31% 11.34% 11.38%
Category Average 1.22% 9.75% 9.75% 9.75% 16.63% 15.78% 5.39% 12.04% 9.61% 8.88% 9.08% 9.41% 7.96% 8.36%
Category Rank 124 / 177 146 / 177 91 / 177 91 / 177 88 / 176 116 / 165 112 / 137 88 / 122 83 / 110 - - - - -
Quartile Ranking 3 4 3 3 2 3 4 3 4 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.73% -1.74% -5.18% -3.06% 9.25% 5.51% 0.55% 6.74% 3.84% -5.32% 4.38% 0.45%
Benchmark 2.65% -0.16% -4.09% -1.39% 7.17% 2.86% 1.77% 4.26% 3.60% -2.26% 3.45% 1.28%

Best Monthly Return Since Inception

12.69% (November 2020)

Worst Monthly Return Since Inception

-19.92% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 18.24% 12.20% -19.30% 16.84%
Benchmark 17.31% 5.50% 14.85% 11.54% -2.58% 24.09% 10.91% 26.72% -9.17% 17.51%
Category Average 14.45% 6.38% 4.55% 10.59% -6.12% 20.45% 16.55% 18.87% -14.77% 16.96%
Quartile Ranking - - - - - - 2 4 4 2
Category Rank - - - - - - 45/ 116 109/ 136 123/ 141 77/ 168

Best Calendar Return (Last 10 years)

18.24% (2020)

Worst Calendar Return (Last 10 years)

-19.30% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 62.30
Canadian Equity 24.89
International Equity 5.06
Cash and Equivalents 4.97
Derivatives 1.94
Other 0.84

Sector Allocation

Sector Allocation
Name Percent
Technology 20.95
Industrial Services 16.63
Healthcare 11.36
Consumer Services 9.50
Basic Materials 6.95
Other 34.61

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.61
Africa and Middle East 1.85
Latin America 1.71
Europe 1.34
Asia 0.33
Other 2.16

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
Canadian Pacific Railway Ltd -
Shopify Inc Cl A -
Grand Canyon Education Inc -
Service Corp International -
Charles River Laboratories Intl Inc -
NVIDIA Corp -
Alimentation Couche-Tard Inc Cl A -
Cameco Corp -
Chemed Corp -

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 CanAm Opportunities Currency Neutral Class Series A

Median

Other - North American Equity

3 Yr Annualized

Standard Deviation 17.19% 18.84% -
Beta 1.22% 1.24% -
Alpha -0.09% -0.08% -
Rsquared 0.88% 0.87% -
Sharpe 0.06% 0.34% -
Sortino 0.09% 0.42% -
Treynor 0.01% 0.05% -
Tax Efficiency 82.58% - -
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 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 16.29% 17.19% 18.84% -
Beta 1.46% 1.22% 1.24% -
Alpha -0.10% -0.09% -0.08% -
Rsquared 0.94% 0.88% 0.87% -
Sharpe 0.82% 0.06% 0.34% -
Sortino 1.75% 0.09% 0.42% -
Treynor 0.09% 0.01% 0.05% -
Tax Efficiency 100.00% 82.58% - -

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 January 16, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
FID6580
FID6581
FID6582

Investment Objectives

The Fund aims to achieve long-term capital growth. It invests primarily in equity securities of Canadian and U.S companies. The Fund can invest in these securities either directly or indirectly through investments in underlying funds. The Fund uses derivatives to try to minimize the exposure to currency fluctuations between foreign currencies in developed markets and the Canadian dollar. The Fund may also hedge against other foreign currencies.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Invests primarily in underlying funds with a focus on equity securities of Canadian and U.S companies. Currently, the underlying funds are Fidelity Canadian Growth Company Fund and Fidelity Small Cap America Fund; Follows a neutral mix guideline of approximately 50% exposure to Fidelity Canadian Growth Company Fund and 50% exposure to Fidelity Small Cap America Fund.

Portfolio Manager(s)

Name Start Date
Steve MacMillan 01-03-2019
Mark Schmehl 01-03-2019
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 50

Fees

MER 2.58%
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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