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Fidelity Climate Leadership Balanced Fund Series A

Global Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-11-2024)
$10.81
Change
$0.11 (1.03%)

As at June 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Climate Leadership Balanced Fund Series A

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Fund Returns

Inception Return (May 18, 2021): 2.23%

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 -1.33% 0.46% 5.18% 5.18% 13.29% 12.77% 0.51% - - - - - - -
Benchmark 1.79% 1.93% 7.81% 7.81% 14.07% 12.55% 3.51% 5.23% 5.76% 5.68% 6.03% 6.45% 6.40% 7.19%
Category Average 0.74% 5.44% 5.44% 5.44% 10.22% 9.06% 2.16% 5.38% 4.58% 4.52% 4.51% 4.94% 4.41% 4.56%
Category Rank 1,702 / 1,741 1,400 / 1,711 1,051 / 1,711 1,051 / 1,711 287 / 1,679 146 / 1,608 1,281 / 1,463 - - - - - - -
Quartile Ranking 4 4 3 3 1 1 4 - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.52% -0.34% -2.87% -1.56% 5.90% 4.11% 0.38% 1.76% 2.51% -1.72% 3.59% -1.33%
Benchmark 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79%

Best Monthly Return Since Inception

7.18% (July 2022)

Worst Monthly Return Since Inception

-6.31% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -19.34% 16.75%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - - - 4 1
Category Rank - - - - - - - - 1,533/ 1,540 14/ 1,658

Best Calendar Return (Last 10 years)

16.75% (2023)

Worst Calendar Return (Last 10 years)

-19.34% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 30.49
US Equity 25.02
Canadian Equity 16.96
International Equity 10.69
Cash and Equivalents 8.92
Other 7.92

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 36.26
Industrial Services 10.81
Real Estate 9.93
Industrial Goods 9.54
Cash and Cash Equivalent 8.92
Other 24.54

Geographic Allocation

Geographic Allocation
Name Percent
North America 69.92
Europe 25.56
Latin America 2.39
Asia 1.13
Multi-National 0.82
Other 0.18

Top Holdings

Top Holdings
Name Percent
Fidelity U.S. Money Market Investment Trust O -
Installed Building Products Inc -
Canadian National Railway Co -
Westinghouse Air Brake Techs Corp -
SNC-Lavalin Group Inc -
Union Pacific Corp -
J B Hunt Transport Services Inc -
Arcadis NV -
Brookfield Renewable Partners LP - Units -
Computer Modelling Group Ltd -

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 Climate Leadership Balanced Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 11.89% - -
Beta 1.16% - -
Alpha -0.03% - -
Rsquared 0.78% - -
Sharpe -0.15% - -
Sortino -0.22% - -
Treynor -0.02% - -
Tax Efficiency - - -
Volatility Volatility rating is 6 on a scale of 1 to 10 - -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.46% 11.89% - -
Beta 1.03% 1.16% - -
Alpha -0.01% -0.03% - -
Rsquared 0.68% 0.78% - -
Sharpe 0.86% -0.15% - -
Sortino 2.24% -0.22% - -
Treynor 0.08% -0.02% - -
Tax Efficiency 100.00% - - -

Fund Details

Start Date May 18, 2021
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $4

Fund Codes

FundServ Code Load Code Sales Status
FID7509
FID7510
FID7511

Investment Objectives

The Fund aims to achieve high total investment return. It invests primarily in a mix of equity securities and fixed income securities of issuers anywhere in the world that are believed to reduce the risks, or are expected to benefit from the opportunities, associated with climate-related issues or the global transition to a low carbon economy. When investing in fixed income securities, the Fund places a greater emphasis on investment grade securities.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Invests primarily in underlying funds. Currently, the underlying funds are Fidelity Climate Leadership Fund and Fidelity Climate Leadership Bond Fund. Follows a neutral mix guideline of approximately 60% exposure to Fidelity Climate Leadership Fund and 40% exposure to Fidelity Climate Leadership Bond Fund.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 05-13-2021
Fidelity Canada Investment Management 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 -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.43%
Management Fee 1.90%
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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