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Global Neutral Balanced
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2024, 2023, 2022
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|
NAVPS (04-04-2025) |
$13.42 |
|---|---|
| Change |
-$0.46
(-3.31%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (January 16, 2020): 6.11%
| 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 | 2.04% | 2.33% | 5.83% | 4.82% | 15.33% | 12.08% | 7.57% | 8.02% | 7.61% | - | - | - | - | - |
| Benchmark | -0.03% | 2.87% | 8.43% | 2.69% | 16.11% | 14.54% | 7.96% | 6.28% | 7.36% | 7.48% | 6.74% | 7.02% | 7.35% | 6.79% |
| Category Average | 0.06% | 1.31% | 5.62% | 2.61% | 12.30% | 10.81% | 5.44% | 5.22% | 6.13% | 5.96% | 5.33% | 5.29% | 5.92% | 4.70% |
| Category Rank | 3 / 1,773 | 319 / 1,773 | 1,119 / 1,761 | 5 / 1,773 | 323 / 1,727 | 596 / 1,674 | 299 / 1,598 | 150 / 1,424 | 350 / 1,347 | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 3 | 1 | 1 | 2 | 1 | 1 | 2 | - | - | - | - | - |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.81% | -1.38% | 2.87% | 0.29% | 3.46% | 0.70% | 1.62% | -0.48% | 2.26% | -2.38% | 2.72% | 2.04% |
| Benchmark | 1.80% | -1.57% | 1.73% | 1.79% | 3.28% | -0.07% | 2.25% | 0.21% | 2.87% | 0.17% | 2.72% | -0.03% |
7.11% (April 2020)
-12.95% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 13.24% | -4.70% | 9.29% | 12.49% |
| Benchmark | 17.05% | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% |
| Category Average | 2.99% | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% | 12.15% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 1 | 3 | 3 |
| Category Rank | - | - | - | - | - | - | 200/ 1,416 | 64/ 1,560 | 969/ 1,674 | 1,056/ 1,727 |
13.24% (2021)
-4.70% (2022)
| Name | Percent |
|---|---|
| US Equity | 36.75 |
| Foreign Government Bonds | 23.18 |
| International Equity | 21.68 |
| Foreign Corporate Bonds | 8.11 |
| Canadian Equity | 5.14 |
| Other | 5.14 |
| Name | Percent |
|---|---|
| Fixed Income | 33.31 |
| Financial Services | 11.46 |
| Technology | 11.03 |
| Energy | 7.01 |
| Utilities | 5.37 |
| Other | 31.82 |
| Name | Percent |
|---|---|
| North America | 72.99 |
| Europe | 15.32 |
| Asia | 8.25 |
| Latin America | 1.35 |
| Multi-National | 0.39 |
| Other | 1.70 |
| Name | Percent |
|---|---|
| United States Treasury 4.38% 15-May-2034 | - |
| United States Treasury 4.13% 15-Nov-2032 | - |
| Apple Inc | - |
| United States Treasury 4.13% 15-Aug-2053 | - |
| NVIDIA Corp | - |
| Microsoft Corp | - |
| iShares TIPS Bond ETF (TIP) | - |
| United States Treasury 3.50% 15-Feb-2033 | - |
| WisdomTree Emerging Mkts High Dividend ETF (DEM) | - |
| United States Treasury 4.00% 31-Jan-2031 | - |
Fidelity Global Monthly High Income ETF
Median
Other - Global Neutral Balanced
| Standard Deviation | 9.26% | 10.61% | - |
|---|---|---|---|
| Beta | 0.94% | 1.03% | - |
| Alpha | 0.00% | 0.00% | - |
| Rsquared | 0.79% | 0.63% | - |
| Sharpe | 0.43% | 0.52% | - |
| Sortino | 0.77% | 0.63% | - |
| Treynor | 0.04% | 0.05% | - |
| Tax Efficiency | 81.55% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.45% | 9.26% | 10.61% | - |
| Beta | 0.93% | 0.94% | 1.03% | - |
| Alpha | 0.00% | 0.00% | 0.00% | - |
| Rsquared | 0.55% | 0.79% | 0.63% | - |
| Sharpe | 1.62% | 0.43% | 0.52% | - |
| Sortino | 3.63% | 0.77% | 0.63% | - |
| Treynor | 0.11% | 0.04% | 0.05% | - |
| Tax Efficiency | 91.03% | 81.55% | - | - |
| Start Date | January 16, 2020 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $32 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
The ETF invests primarily in underlying funds. These underlying funds generally invest in global equity securities and fixed income securities. The ETF's neutral mix is 60% equity securities and 40% fixed income securities, which may vary by up to +/-20% from the neutral mix.
In order to achieve its investment objective, the Sub-advisor of Fidelity Global Monthly High Income ETF generally follows a neutral mix guideline of approximately 60% equity securities and approximately 40% fixed income securities. Depending on market conditions, the Subadvisor may vary the asset mix by up to +/-20% from the neutral mix if it believes this produces the best overall return.
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Management and Research (FMR) Company |
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 0.64% |
|---|---|
| Management Fee | 0.55% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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