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Fidelity Balanced Income Private Pool Series B

Canadian Fix Inc Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(05-16-2024)
$19.08
Change
-$0.01 (-0.03%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Balanced Income Private Pool Series B

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Fund Returns

Inception Return (November 26, 2008): 4.81%

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 -1.30% 2.19% 8.77% 2.76% 5.96% 4.06% 1.81% 3.88% 3.11% 3.31% 2.79% 3.52% 3.11% 3.61%
Benchmark -1.91% -0.39% 7.36% -1.27% 1.47% 1.84% 0.31% 1.64% 2.23% 3.01% 2.60% 3.00% 2.70% 3.22%
Category Average -1.88% 7.70% 7.70% -0.11% 2.53% 2.31% 0.16% 2.04% 1.83% 2.33% 1.97% 2.54% 2.14% 2.52%
Category Rank 65 / 418 16 / 418 96 / 417 14 / 417 43 / 415 71 / 410 61 / 374 54 / 351 64 / 335 75 / 304 86 / 286 68 / 271 63 / 251 56 / 242
Quartile Ranking 1 1 1 1 1 1 1 1 1 1 2 2 2 1

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.95% 0.42% 0.76% 0.17% -2.06% 0.09% 3.83% 1.96% 0.55% 1.68% 1.82% -1.30%
Benchmark -2.45% 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39% -1.91%

Best Monthly Return Since Inception

5.82% (April 2020)

Worst Monthly Return Since Inception

-8.02% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 8.63% 5.60% 3.32% 3.44% -1.35% 8.97% 7.90% 4.31% -8.67% 7.49%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking 1 1 3 3 2 3 2 2 2 2
Category Rank 51/ 235 5/ 251 191/ 261 201/ 284 116/ 297 185/ 321 103/ 350 185/ 373 101/ 389 199/ 413

Best Calendar Return (Last 10 years)

8.97% (2019)

Worst Calendar Return (Last 10 years)

-8.67% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 17.47
US Equity 14.19
Canadian Government Bonds 14.10
Foreign Government Bonds 14.06
International Equity 9.66
Other 30.52

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 46.20
Technology 8.62
Financial Services 7.56
Cash and Cash Equivalent 6.89
Basic Materials 4.21
Other 26.52

Geographic Allocation

Geographic Allocation
Name Percent
North America 73.50
Europe 10.53
Asia 7.56
Latin America 2.24
Multi-National 1.86
Other 4.31

Top Holdings

Top Holdings
Name Percent
Fidelity Canadian Money Market Investment Trust O -
iShares Core S&P 500 ETF (IVV) -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
iShares Gold Trust ETF (IAU) -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 4.63% 15-Oct-2026 -
Canadian Natural Resources Ltd -
Royal Bank of Canada -
Constellation Software Inc -
Canadian National Railway Co -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Balanced Income Private Pool Series B

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 6.39% 7.28% 6.07%
Beta 0.79% 0.92% 0.93%
Alpha 0.02% 0.01% 0.01%
Rsquared 0.89% 0.88% 0.83%
Sharpe -0.12% 0.18% 0.38%
Sortino -0.21% 0.06% 0.17%
Treynor -0.01% 0.01% 0.02%
Tax Efficiency 64.41% 85.51% 91.14%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.95% 6.39% 7.28% 6.07%
Beta 0.69% 0.79% 0.92% 0.93%
Alpha 0.05% 0.02% 0.01% 0.01%
Rsquared 0.87% 0.89% 0.88% 0.83%
Sharpe 0.20% -0.12% 0.18% 0.38%
Sortino 0.84% -0.21% 0.06% 0.17%
Treynor 0.02% -0.01% 0.01% 0.02%
Tax Efficiency 95.99% 64.41% 85.51% 91.14%

Fund Details

Start Date November 26, 2008
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) $790

Fund Codes

FundServ Code Load Code Sales Status
FID9019

Investment Objectives

The Pool aims to achieve a combination of a steady flow of income with the potential for capital gains. The Pool is geared towards income. It invests primarily in underlying funds. These underlying funds will generally invest in fixed income and/or equity securities.

Investment Strategy

To meet the Pool’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 60% fixed income and money market instruments, and 40% equity; Depending on market conditions, may vary the asset mix by up to +/- 15% from the neutral mix if it believes this produces the best overall return; Uses an asset allocation strategy and invests primarily in underlying funds, including other Fidelity Funds and ETFs, which may include liquid alternative mutual funds.

Portfolio Manager(s)

Name Start Date
Geoffrey D. Stein 05-23-2012
David D. Wolf 02-28-2015
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 150,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.97%
Management Fee 1.60%
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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