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Fidelity Global Concentrated Equity Class Series B

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
(06-24-2024)
$22.88
Change
$0.16 (0.69%)

As at May 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Global Concentrated Equity Class Series B

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Fund Returns

Inception Return (December 30, 2013): 9.72%

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 2.20% 7.77% 11.52% 8.06% 18.88% 15.73% 5.55% 13.25% 10.55% 8.47% 7.46% 9.67% 8.55% 9.94%
Benchmark 3.15% 4.24% 14.49% 11.66% 23.70% 15.77% 9.12% 12.93% 11.70% 10.13% 9.81% 11.19% 9.88% 10.97%
Category Average 3.08% 12.88% 12.88% 9.94% 19.26% 11.91% 5.89% 10.52% 9.32% 7.93% 7.58% 8.60% 7.35% 7.97%
Category Rank 1,633 / 2,070 54 / 2,064 1,355 / 2,040 1,471 / 2,040 1,040 / 1,951 380 / 1,835 1,110 / 1,663 268 / 1,510 492 / 1,449 581 / 1,254 629 / 1,117 352 / 970 265 / 793 211 / 726
Quartile Ranking 4 1 3 3 3 1 3 1 2 2 3 2 2 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 5.30% 3.36% -1.70% -4.02% -2.71% 6.70% 3.20% 0.16% 0.11% 4.44% 0.97% 2.20%
Benchmark 2.98% 3.28% -0.19% -4.15% -0.71% 6.95% 2.53% 1.41% 5.64% 2.94% -1.84% 3.15%

Best Monthly Return Since Inception

16.84% (November 2020)

Worst Monthly Return Since Inception

-16.38% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.68% 16.86% 7.04% 17.40% -10.52% 24.95% 11.31% 11.74% -10.87% 20.64%
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 311/ 678 325/ 760 235/ 883 284/ 1,051 1,056/ 1,201 224/ 1,405 772/ 1,486 1,365/ 1,606 626/ 1,760 363/ 1,921

Best Calendar Return (Last 10 years)

24.95% (2019)

Worst Calendar Return (Last 10 years)

-10.87% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 69.19
US Equity 22.59
Canadian Equity 7.31
Cash and Equivalents 0.86
Foreign Corporate Bonds 0.01
Other 0.04

Sector Allocation

Sector Allocation
Name Percent
Technology 18.51
Financial Services 16.70
Industrial Goods 15.36
Consumer Goods 14.04
Healthcare 11.44
Other 23.95

Geographic Allocation

Geographic Allocation
Name Percent
Europe 52.20
North America 30.77
Asia 16.99
Other 0.04

Top Holdings

Top Holdings
Name Percent
Finning International Inc -
Clarivate PLC -
Banco Bilbao Vizcaya Argentaria SA -
Prosus NV -
Airbus SE -
Alibaba Group Holding Ltd -
Barclays PLC -
AIB Group PLC -
Lundin Mining Corp -
Elis SA -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Global Concentrated Equity Class Series B

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 16.23% 18.10% 15.11%
Beta 1.06% 1.23% 1.15%
Alpha -0.04% -0.03% -0.02%
Rsquared 0.73% 0.81% 0.81%
Sharpe 0.23% 0.53% 0.61%
Sortino 0.37% 0.76% 0.80%
Treynor 0.04% 0.08% 0.08%
Tax Efficiency 87.26% 93.73% -
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 11.42% 16.23% 18.10% 15.11%
Beta 0.80% 1.06% 1.23% 1.15%
Alpha 0.00% -0.04% -0.03% -0.02%
Rsquared 0.58% 0.73% 0.81% 0.81%
Sharpe 1.15% 0.23% 0.53% 0.61%
Sortino 2.70% 0.37% 0.76% 0.80%
Treynor 0.16% 0.04% 0.08% 0.08%
Tax Efficiency 99.46% 87.26% 93.73% -

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 December 30, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $66

Fund Codes

FundServ Code Load Code Sales Status
FID2253

Investment Objectives

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

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Global Concentrated Equity Fund. To meet the Fund's objectives, the portfolio management team of the underlying fund: 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.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 08-03-2021

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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.29%
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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