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Fidelity Balanced Income Currency Neutral 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
(05-24-2024)
$15.55
Change
$0.05 (0.31%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Balanced Income Currency Neutral Private Pool Series B

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Fund Returns

Inception Return (October 05, 2009): 3.66%

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 -1.83% 1.44% 9.04% 1.60% 5.73% 2.84% 0.88% 4.19% 3.02% 3.04% 2.80% 3.21% 2.58% 2.96%
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 218 / 418 59 / 418 68 / 417 56 / 417 53 / 415 189 / 410 119 / 374 41 / 351 70 / 335 98 / 304 79 / 286 88 / 271 108 / 251 113 / 242
Quartile Ranking 3 1 1 1 1 2 2 1 1 2 2 2 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.81% 1.28% 0.84% -0.63% -2.01% -0.70% 4.47% 2.73% 0.16% 1.35% 1.95% -1.83%
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

6.35% (April 2020)

Worst Monthly Return Since Inception

-9.86% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.08% -3.28% 7.41% 5.08% -4.28% 10.89% 7.54% 5.34% -10.21% 8.36%
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 4 4 1 2 4 1 2 2 3 2
Category Rank 191/ 235 241/ 251 24/ 261 76/ 284 290/ 297 73/ 321 139/ 350 104/ 373 219/ 389 120/ 413

Best Calendar Return (Last 10 years)

10.89% (2019)

Worst Calendar Return (Last 10 years)

-10.21% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 17.50
Canadian Government Bonds 14.11
US Equity 14.07
Foreign Government Bonds 14.06
International Equity 9.60
Other 30.66

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 48.29
Technology 8.63
Financial Services 7.52
Cash and Cash Equivalent 6.75
Basic Materials 4.21
Other 24.60

Geographic Allocation

Geographic Allocation
Name Percent
North America 75.40
Europe 10.50
Asia 7.57
Latin America 2.24
Multi-National 1.83
Other 2.46

Top Holdings

Top Holdings
Name Percent
Fidelity Canadian Money Market Investment Trust O -
iShares Core S&P 500 ETF (IVV) -
Fidelity American High Yield Currency Neut Fd B -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
iShares Gold Trust ETF (IAU) -
Fidelity Convertible Secur Multi-Asset Base Fd O -
Investment Grade CMBS Securities Directly Held -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 4.63% 15-Oct-2026 -
Canadian Natural Resources Ltd -

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 Currency Neutral Private Pool Series B

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 7.32% 8.47% 6.64%
Beta 0.92% 1.05% 1.00%
Alpha 0.01% 0.01% 0.00%
Rsquared 0.90% 0.85% 0.79%
Sharpe -0.22% 0.16% 0.26%
Sortino -0.34% 0.05% 0.03%
Treynor -0.02% 0.01% 0.02%
Tax Efficiency 14.13% 83.27% 88.70%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.94% 7.32% 8.47% 6.64%
Beta 0.83% 0.92% 1.05% 1.00%
Alpha 0.04% 0.01% 0.01% 0.00%
Rsquared 0.93% 0.90% 0.85% 0.79%
Sharpe 0.14% -0.22% 0.16% 0.26%
Sortino 0.71% -0.34% 0.05% 0.03%
Treynor 0.01% -0.02% 0.01% 0.02%
Tax Efficiency 95.64% 14.13% 83.27% 88.70%

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) $54

Fund Codes

FundServ Code Load Code Sales Status
FID1068

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. 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.

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 2.01%
Management Fee 1.60%
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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