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Fidelity Global Concentrated Equity Fund Series B

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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
(12-20-2024) 		$15.57
Change
$0.12 (0.75%)

As at November 30, 2024

As at September 30, 2024

As at July 31, 2024

Period
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Legend

Fidelity Global Concentrated Equity Fund Series B

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Fund Returns

Inception Return (January 30, 2002): 4.39%

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 -0.47% 1.10% 1.14% 9.29% 12.79% 14.27% 6.62% 8.25% 8.30% 9.49% 7.26% 8.52% 8.37% 9.25%
Benchmark 4.44% 7.83% 13.43% 26.65% 29.86% 20.82% 10.82% 12.45% 12.38% 12.56% 10.99% 12.08% 11.25% 11.57%
Category Average 4.22% 6.05% 10.71% 21.71% 24.97% 16.24% 7.58% 9.61% 9.67% 10.01% 8.47% 9.46% 8.68% 8.63%
Category Rank 2,100 / 2,106 1,969 / 2,080 1,999 / 2,051 1,924 / 2,013 1,911 / 2,013 1,354 / 1,896 1,156 / 1,739 1,151 / 1,583 1,138 / 1,469 879 / 1,376 876 / 1,181 697 / 1,041 542 / 880 397 / 755
Quartile Ranking 4 4 4 4 4 3 3 3 4 3 3 3 3 3

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.20% 0.16% 0.11% 4.44% 0.97% 2.20% -4.24% 4.44% 0.03% 3.64% -2.00% -0.47%
Benchmark 2.53% 1.41% 5.64% 2.94% -1.84% 3.15% 2.29% 2.79% 0.04% 2.54% 0.69% 4.44%

Best Monthly Return Since Inception

16.83% (November 2020)

Worst Monthly Return Since Inception

-16.37% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.66% 16.91% 7.09% 17.43% -10.52% 24.92% 11.31% 11.72% -10.86% 20.63%
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 2 2 2 2 4 1 3 4 2 1
Category Rank 313/ 677 323/ 759 224/ 883 281/ 1,041 1,045/ 1,188 230/ 1,388 762/ 1,470 1,370/ 1,590 619/ 1,745 363/ 1,896

Best Calendar Return (Last 10 years)

24.92% (2019)

Worst Calendar Return (Last 10 years)

-10.86% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 72.68
US Equity 18.91
Canadian Equity 6.86
Cash and Equivalents 1.54
Foreign Corporate Bonds 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 19.26
Consumer Goods 17.16
Industrial Goods 14.19
Healthcare 13.55
Financial Services 12.74
Other 23.10

Geographic Allocation

Geographic Allocation
Name Percent
Europe 51.43
North America 27.13
Asia 21.44

Top Holdings

Top Holdings
Name Percent
Prosus NV -
Finning International Inc -
Alibaba Group Holding Ltd -
Clarivate PLC -
Barclays PLC -
Banco Bilbao Vizcaya Argentaria SA -
Koninklijke Philips NV -
Sulzer AG Cl N -
UnitedHealth Group Inc -
Reckitt Benckiser Group PLC -

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Global Concentrated Equity Fund Series B

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 16.27% 18.24% 15.23%
Beta 1.05% 1.21% 1.13%
Alpha -0.04% -0.06% -0.03%
Rsquared 0.68% 0.76% 0.78%
Sharpe 0.25% 0.40% 0.55%
Sortino 0.47% 0.57% 0.73%
Treynor 0.04% 0.06% 0.07%
Tax Efficiency 72.09% 79.55% 85.08%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.22% 16.27% 18.24% 15.23%
Beta 0.18% 1.05% 1.21% 1.13%
Alpha 0.08% -0.04% -0.06% -0.03%
Rsquared 0.02% 0.68% 0.76% 0.78%
Sharpe 0.87% 0.25% 0.40% 0.55%
Sortino 1.87% 0.47% 0.57% 0.73%
Treynor 0.43% 0.04% 0.06% 0.07%
Tax Efficiency 79.40% 72.09% 79.55% 85.08%

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.

View the full methodology

Fund Details

Start Date January 30, 2002
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $280

Fund Codes

FundServ Code Load Code Sales Status
FID207

Investment Objectives

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

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Aims to favour attractively priced companies that show the potential for above-average long-term compounding of total shareholder returns and better than average quality characteristics. When buying and selling equity securities, may consider factors about a company, including: > Financial condition. > Industry position. > Economic and market conditions. > Earnings estimates. > Quality of management.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 11-12-2021
Fidelity Canada Investment Management 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

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

Fees

MER 2.27%
Management Fee 1.85%
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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