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Fidelity Balanced Currency Neutral Private Pool Series B

Global Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(02-13-2025)
$19.81
Change
$0.13 (0.66%)

As at January 31, 2025

As at December 31, 2024

As at December 31, 2024

Period
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Legend

Fidelity Balanced Currency Neutral Private Pool Series B

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Fund Returns

Inception Return (October 05, 2009): 5.43%

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 2.71% 3.43% 5.17% 2.71% 13.60% 9.65% 4.82% 5.45% 5.78% 6.52% 5.15% 5.45% 5.78% 4.78%
Benchmark 2.72% 5.85% 8.38% 2.72% 19.75% 13.94% 7.22% 6.21% 6.79% 7.75% 6.97% 7.50% 7.02% 6.89%
Category Average 2.55% 4.15% 6.15% 2.55% 14.58% 9.96% 4.84% 5.39% 5.37% 6.25% 5.15% 5.56% 5.74% 4.93%
Category Rank 782 / 1,774 1,525 / 1,773 1,499 / 1,760 782 / 1,774 1,336 / 1,726 1,134 / 1,673 1,033 / 1,589 809 / 1,425 657 / 1,347 666 / 1,288 674 / 1,152 548 / 978 471 / 899 452 / 788
Quartile Ranking 2 4 4 2 4 3 3 3 2 3 3 3 3 3

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund 1.99% 2.54% -2.13% 2.86% 0.23% 2.36% 0.59% 1.75% -0.66% 3.19% -2.41% 2.71%
Benchmark 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72%

Best Monthly Return Since Inception

8.13% (April 2020)

Worst Monthly Return Since Inception

-12.04% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -2.85% 8.27% 7.03% -6.16% 14.35% 8.68% 9.21% -10.52% 10.28% 11.01%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53% 12.15%
Quartile Ranking 4 1 3 4 1 2 2 2 2 4
Category Rank 769/ 783 101/ 892 494/ 976 1,019/ 1,122 307/ 1,244 504/ 1,334 700/ 1,417 755/ 1,554 680/ 1,673 1,385/ 1,726

Best Calendar Return (Last 10 years)

14.35% (2019)

Worst Calendar Return (Last 10 years)

-10.52% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 33.20
US Equity 21.01
International Equity 12.34
Foreign Government Bonds 11.40
Cash and Equivalents 4.65
Other 17.40

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 24.20
Technology 13.70
Financial Services 13.05
Consumer Services 6.35
Basic Materials 5.92
Other 36.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 78.22
Europe 11.20
Asia 5.84
Latin America 1.48
Africa and Middle East 0.72
Other 2.54

Top Holdings

Top Holdings
Name Percent
iShares Short Treasury Bond ETF (SHV) -
BROOKFIELD CANADIAN PRIVATE RE -
iShares Core S&P 500 ETF (IVV) -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
iShares Gold Trust ETF (IAU) -
Royal Bank of Canada -
Fidelity Canadian Money Market Investment Trust O -
Shopify Inc Cl A -
Fidelity American High Yield Currency Neut Fd B -
iShares TIPS Bond ETF (TIP) -

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 Currency Neutral Private Pool Series B

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.28% 10.95% 8.59%
Beta 0.95% 1.09% 0.82%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.83% 0.68% 0.51%
Sharpe 0.15% 0.36% 0.40%
Sortino 0.34% 0.41% 0.33%
Treynor 0.01% 0.04% 0.04%
Tax Efficiency 90.07% 90.51% 91.90%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.75% 9.28% 10.95% 8.59%
Beta 1.08% 0.95% 1.09% 0.82%
Alpha -0.07% -0.02% -0.01% -0.01%
Rsquared 0.70% 0.83% 0.68% 0.51%
Sharpe 1.30% 0.15% 0.36% 0.40%
Sortino 2.72% 0.34% 0.41% 0.33%
Treynor 0.08% 0.01% 0.04% 0.04%
Tax Efficiency 97.77% 90.07% 90.51% 91.90%

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 October 05, 2009
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $76

Fund Codes

FundServ Code Load Code Sales Status
FID1067

Investment Objectives

The Pool aims to achieve high total investment return. The Pool uses a balanced approach. It invests primarily in underlying funds. These underlying funds will generally invest in equity and/or fixed income securities. The Pool uses derivatives to try to minimize the exposure to currency fluctuations between developed market foreign currencies (such as the U.S. dollar, the Euro or the Yen) and the Canadian dollar. The Pool may also hedge against other foreign currencies.

Investment Strategy

To meet the Pool’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 60% equity, and 40% fixed income and money market instruments; 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 2.07%
Management Fee 1.65%
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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