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Global Neutral Balanced
Click for more information on Fundata’s FundGrade
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|
NAVPS (12-24-2024) |
$16.39 |
|---|---|
| Change |
$0.07
(0.43%)
|
As at November 30, 2024
As at September 30, 2024
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Inception Return (May 28, 2014): 4.08%
| 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 | 3.20% | 3.16% | 8.24% | 12.27% | 16.87% | 8.10% | 2.68% | 4.78% | 4.41% | 5.12% | 4.13% | 4.55% | 4.66% | 3.97% |
| Benchmark | 2.87% | 5.40% | 10.72% | 17.28% | 19.68% | 13.41% | 5.30% | 5.73% | 6.56% | 7.36% | 6.49% | 7.10% | 6.83% | 7.51% |
| Category Average | 2.87% | 4.26% | 8.53% | 13.60% | 16.89% | 10.20% | 4.14% | 5.37% | 5.45% | 6.18% | 5.05% | 5.53% | 5.33% | 5.08% |
| Category Rank | 588 / 1,771 | 1,561 / 1,761 | 1,203 / 1,749 | 1,371 / 1,725 | 1,051 / 1,725 | 1,539 / 1,672 | 1,357 / 1,546 | 994 / 1,411 | 1,078 / 1,325 | 1,025 / 1,233 | 907 / 1,115 | 787 / 975 | 641 / 882 | 664 / 773 |
| Quartile Ranking | 2 | 4 | 3 | 4 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 3 | 4 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.09% | -0.17% | 1.34% | 2.78% | -2.65% | 2.47% | 0.13% | 2.98% | 1.75% | 1.42% | -1.44% | 3.20% |
| Benchmark | 2.05% | 0.78% | 3.10% | 1.80% | -1.57% | 1.73% | 1.79% | 3.28% | -0.07% | 2.25% | 0.21% | 2.87% |
6.84% (November 2020)
-11.51% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | -2.67% | 8.16% | 6.53% | -6.47% | 15.45% | 4.41% | 11.69% | -12.29% | 6.61% |
| 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 | 3 | 4 | 1 | 4 | 1 | 3 | 4 |
| Category Rank | - | 760/ 783 | 116/ 892 | 581/ 976 | 1,038/ 1,122 | 163/ 1,244 | 1,074/ 1,334 | 329/ 1,417 | 1,107/ 1,554 | 1,507/ 1,672 |
15.45% (2019)
-12.29% (2022)
| Name | Percent |
|---|---|
| US Equity | 40.57 |
| Foreign Corporate Bonds | 29.71 |
| Foreign Government Bonds | 14.18 |
| International Equity | 5.87 |
| Cash and Equivalents | 4.72 |
| Other | 4.95 |
| Name | Percent |
|---|---|
| Fixed Income | 45.71 |
| Financial Services | 7.73 |
| Real Estate | 7.56 |
| Healthcare | 5.85 |
| Technology | 5.02 |
| Other | 28.13 |
| Name | Percent |
|---|---|
| North America | 86.21 |
| Europe | 5.35 |
| Latin America | 2.86 |
| Multi-National | 2.23 |
| Asia | 1.44 |
| Other | 1.91 |
| Name | Percent |
|---|---|
| Fidelity U.S. Money Market Investment Trust O | - |
| JPMorgan Chase & Co | - |
| iShares Gold Trust ETF (IAU) | - |
| Exxon Mobil Corp | - |
| United States Treasury 4.00% 31-Oct-2029 | - |
| United States Treasury 3.88% 15-Aug-2033 | - |
| United States Treasury 2.75% 15-Aug-2032 | - |
| United States Treasury 4.25% 30-Jun-2031 | - |
| UnitedHealth Group Inc | - |
| Linde PLC | - |
Fidelity U.S. Monthly Income Currency Neutral Fund Series B
Median
Other - Global Neutral Balanced
| Standard Deviation | 10.31% | 11.14% | 8.90% |
|---|---|---|---|
| Beta | 1.00% | 1.10% | 0.71% |
| Alpha | -0.02% | -0.02% | -0.01% |
| Rsquared | 0.78% | 0.67% | 0.39% |
| Sharpe | -0.04% | 0.24% | 0.30% |
| Sortino | 0.02% | 0.23% | 0.20% |
| Treynor | 0.00% | 0.02% | 0.04% |
| Tax Efficiency | 19.69% | 52.06% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.98% | 10.31% | 11.14% | 8.90% |
| Beta | 1.04% | 1.00% | 1.10% | 0.71% |
| Alpha | -0.03% | -0.02% | -0.02% | -0.01% |
| Rsquared | 0.55% | 0.78% | 0.67% | 0.39% |
| Sharpe | 1.63% | -0.04% | 0.24% | 0.30% |
| Sortino | 3.82% | 0.02% | 0.23% | 0.20% |
| Treynor | 0.11% | 0.00% | 0.02% | 0.04% |
| Tax Efficiency | 90.97% | 19.69% | 52.06% | - |
| Start Date | May 28, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $35 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2697 |
The Fund aims to achieve a combination of a steady flow of income and the potential for capital gains. 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 a combination of a steady flow of income and the potential for capital gains by investing primarily in a mix of U.S. income-producing securities.
The strategies described below relate to the Fund and the underlying fund, Fidelity U.S. Monthly Income Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Follows a neutral mix guideline of approximately 50% equity securities and 50% fixed income securities. Depending on market conditions, may vary the asset mix by up to +/- 20% from the neutral mix if it believes this produces the best overall return.
| Name | Start Date |
|---|---|
| Geoffrey D. Stein | 08-04-2021 |
| David D. Wolf | 08-04-2021 |
| Fidelity Management & Research Company LLC | 02-06-2023 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 2.29% |
|---|---|
| Management Fee | 1.80% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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