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Fidelity Canadian Asset Allocation Class Series B

Canadian Equity Balanced

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

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-14-2024)
$13.54
Change
-$0.02 (-0.15%)

As at May 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Canadian Asset Allocation Class Series B

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Fund Returns

Inception Return (April 18, 2007): 4.59%

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 2.36% 2.49% 8.65% 5.17% 12.49% 6.20% 4.93% 8.32% 7.00% 6.43% 5.86% 5.99% 5.12% 5.32%
Benchmark 2.08% 3.42% 8.77% 4.80% 13.17% 5.56% 4.94% 9.43% 7.57% 7.00% 6.79% 7.18% 6.15% 6.16%
Category Average 2.05% 7.75% 7.75% 4.10% 11.33% 5.60% 4.20% 7.98% 6.04% 5.38% 4.97% 5.48% 4.72% 4.83%
Category Rank 144 / 368 132 / 366 164 / 365 120 / 365 162 / 363 166 / 360 134 / 353 170 / 326 105 / 325 98 / 299 92 / 280 120 / 259 141 / 248 113 / 230
Quartile Ranking 2 2 2 2 2 2 2 3 2 2 2 2 3 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.16% 1.14% -1.20% -2.85% -1.29% 5.77% 3.31% 0.60% 2.00% 2.46% -2.27% 2.36%
Benchmark 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22% -1.85% 2.08%

Best Monthly Return Since Inception

8.19% (May 2009)

Worst Monthly Return Since Inception

-10.78% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.79% -0.77% 7.06% 4.90% -3.97% 13.90% 7.83% 15.74% -7.74% 10.23%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking 2 3 4 4 1 4 2 2 3 2
Category Rank 71/ 222 150/ 248 213/ 256 203/ 268 67/ 297 242/ 317 119/ 325 165/ 351 194/ 359 143/ 363

Best Calendar Return (Last 10 years)

15.74% (2021)

Worst Calendar Return (Last 10 years)

-7.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 57.61
US Equity 14.84
Foreign Government Bonds 8.50
International Equity 4.87
Canadian Government Bonds 4.72
Other 9.46

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 17.47
Financial Services 16.27
Industrial Services 12.04
Technology 10.75
Basic Materials 10.37
Other 33.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.46
Asia 4.82
Europe 3.20
Latin America 1.77
Africa and Middle East 0.56
Other -0.81

Top Holdings

Top Holdings
Name Percent
iShares 20 Plus Year Treasury Bond ETF (TLT) -
Canadian National Railway Co -
Constellation Software Inc -
Canadian Natural Resources Ltd -
Royal Bank of Canada -
Fidelity Canadian Money Market Investment Trust O -
Canadian Pacific Railway Ltd -
Bank of Montreal -
Toronto-Dominion Bank -
Teck Resources Ltd Cl B -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Fidelity Canadian Asset Allocation Class Series B

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.91% 10.58% 8.41%
Beta 0.88% 0.84% 0.81%
Alpha 0.01% 0.01% 0.00%
Rsquared 0.98% 0.98% 0.95%
Sharpe 0.24% 0.50% 0.49%
Sortino 0.34% 0.59% 0.43%
Treynor 0.03% 0.06% 0.05%
Tax Efficiency 65.23% 80.02% 76.35%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 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 8.75% 9.91% 10.58% 8.41%
Beta 0.87% 0.88% 0.84% 0.81%
Alpha 0.01% 0.01% 0.01% 0.00%
Rsquared 0.96% 0.98% 0.98% 0.95%
Sharpe 0.84% 0.24% 0.50% 0.49%
Sortino 2.03% 0.34% 0.59% 0.43%
Treynor 0.08% 0.03% 0.06% 0.05%
Tax Efficiency 94.06% 65.23% 80.02% 76.35%

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 April 18, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $82

Fund Codes

FundServ Code Load Code Sales Status
FID1230

Investment Objectives

The Fund aims to achieve high total investment return. 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 high total investment return. It uses an asset allocation approach and invests primarily in a mix of Canadian equity securities, fixed income securities and money market instruments.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Canadian Asset Allocation Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Follows a neutral mix guideline of approximately 70% equity securities and 30% fixed income securities and money market instruments; Depending on market conditions, may vary the asset mix from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Don Newman 03-11-2009
Geoffrey D. Stein 03-25-2011
Hugo Lavallee 03-25-2011
Darren Lekkerkerker 04-01-2011
Catriona Martin 04-01-2011
Joe Overdevest 04-01-2011
David D. Wolf 09-03-2013
Sri Tella 03-22-2017
Harley Lank 03-22-2017
Michael Weaver 03-22-2017

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 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.24%
Management Fee 1.85%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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