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Fidelity Climate Leadership Fund Series A

Global Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-19-2024)
$12.36
Change
-$0.07 (-0.60%)

As at June 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Climate Leadership Fund Series A

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Fund Returns

Inception Return (May 18, 2021): 6.27%

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 -2.64% 1.07% 9.21% 9.21% 19.91% 20.16% 3.72% - - - - - - -
Benchmark 2.29% 3.58% 14.22% 14.22% 22.88% 21.25% 8.57% 13.02% 11.56% 10.36% 10.70% 11.80% 10.39% 11.17%
Category Average 1.27% 11.34% 11.34% 11.34% 17.20% 16.55% 5.44% 10.50% 8.86% 8.02% 8.13% 9.02% 7.74% 8.06%
Category Rank 1,977 / 2,083 1,364 / 2,068 1,502 / 2,043 1,502 / 2,043 669 / 1,977 429 / 1,855 1,317 / 1,673 - - - - - - -
Quartile Ranking 4 3 3 3 2 1 4 - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.70% -0.14% -3.52% -1.74% 7.06% 4.47% 0.70% 3.71% 3.46% -1.38% 5.26% -2.64%
Benchmark 3.28% -0.19% -4.15% -0.71% 6.95% 2.53% 1.41% 5.64% 2.94% -1.84% 3.15% 2.29%

Best Monthly Return Since Inception

9.75% (July 2022)

Worst Monthly Return Since Inception

-7.82% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -20.98% 23.26%
Benchmark 13.97% 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37%
Category Average 8.33% 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08%
Quartile Ranking - - - - - - - - 4 1
Category Rank - - - - - - - - 1,523/ 1,763 214/ 1,924

Best Calendar Return (Last 10 years)

23.26% (2023)

Worst Calendar Return (Last 10 years)

-20.98% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 42.23
Canadian Equity 28.63
International Equity 18.05
Cash and Equivalents 7.53
Income Trust Units 3.52
Other 0.04

Sector Allocation

Sector Allocation
Name Percent
Industrial Services 18.24
Real Estate 16.76
Industrial Goods 16.10
Technology 12.20
Consumer Services 7.61
Other 29.09

Geographic Allocation

Geographic Allocation
Name Percent
North America 78.45
Europe 16.51
Latin America 3.52
Asia 1.54
Other -0.02

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 Fund Series A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 15.32% - -
Beta 1.05% - -
Alpha -0.05% - -
Rsquared 0.78% - -
Sharpe 0.12% - -
Sortino 0.18% - -
Treynor 0.02% - -
Tax Efficiency - - -
Volatility Volatility rating is 8 on a scale of 1 to 10 - -

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.99% 15.32% - -
Beta 0.94% 1.05% - -
Alpha -0.01% -0.05% - -
Rsquared 0.71% 0.78% - -
Sharpe 1.17% 0.12% - -
Sortino 2.94% 0.18% - -
Treynor 0.15% 0.02% - -
Tax Efficiency 100.00% - - -

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 May 18, 2021
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $22

Fund Codes

FundServ Code Load Code Sales Status
FID7488
FID7489
FID7490

Investment Objectives

The Fund aims to achieve long-term capital growth. It invests primarily in equity securities of companies 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.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses a bottom-up fundamental investment approach. Focuses primarily on companies that are or have the potential to be leading the effort to address climate-related risks or opportunities, including: > Climate leaders – companies with leading climate performance or those that are believed to have “best-in-class” climate policies and practices relative to peers. > Climate solutions providers.

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 2.55%
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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