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Fidelity NorthStar Balanced Currency Neutral Fund 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.

NAVPS
(05-24-2024)
$12.89
Change
$0.05 (0.38%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity NorthStar Balanced Currency Neutral Fund Series B

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Fund Returns

Inception Return (May 28, 2014): 3.36%

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 -2.70% 0.97% 10.64% 0.89% 6.66% 3.89% 0.67% 6.29% 4.14% 3.43% 3.06% 3.27% 2.81% -
Benchmark -1.57% 3.31% 11.56% 4.12% 9.21% 7.74% 3.11% 5.05% 4.84% 5.39% 5.04% 6.48% 6.12% 6.83%
Category Average -1.99% 10.80% 10.80% 2.42% 6.62% 4.42% 1.99% 5.55% 4.00% 4.27% 3.94% 4.83% 4.01% 4.42%
Category Rank 1,656 / 1,710 1,510 / 1,710 985 / 1,699 1,568 / 1,710 844 / 1,659 1,171 / 1,607 1,212 / 1,429 444 / 1,332 630 / 1,281 863 / 1,153 747 / 1,002 841 / 936 709 / 819 -
Quartile Ranking 4 4 3 4 3 3 4 2 2 3 3 4 4 -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.71% 2.16% 1.61% -1.44% -2.72% -2.44% 5.23% 4.21% -0.07% 1.66% 2.07% -2.70%
Benchmark -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57%

Best Monthly Return Since Inception

7.23% (November 2020)

Worst Monthly Return Since Inception

-10.79% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 3.51% 3.35% 5.49% -7.34% 9.81% 11.21% 5.80% -10.42% 10.77%
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 - 3 3 4 4 4 1 4 2 2
Category Rank - 562/ 792 637/ 897 764/ 984 1,081/ 1,127 1,130/ 1,233 223/ 1,316 1,258/ 1,400 719/ 1,539 457/ 1,658

Best Calendar Return (Last 10 years)

11.21% (2020)

Worst Calendar Return (Last 10 years)

-10.42% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 27.41
US Equity 26.63
International Equity 20.59
Foreign Corporate Bonds 17.44
Cash and Equivalents 4.46
Other 3.47

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 45.37
Technology 13.19
Consumer Goods 7.77
Healthcare 5.64
Consumer Services 5.34
Other 22.69

Geographic Allocation

Geographic Allocation
Name Percent
North America 72.50
Europe 13.34
Asia 9.72
Latin America 2.97
Multi-National 0.29
Other 1.18

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.75% 31-May-2030 -
United States Treasury 3.63% 15-Feb-2053 -
United States Treasury 3.50% 15-Feb-2033 -
United States Treasury 4.13% 15-Nov-2032 -
United States Treasury 4.13% 15-Aug-2053 -
United States Treasury 4.00% 31-Jan-2031 -
Fidelity U.S. Money Market Investment Trust O -
United States Treasury 2.88% 15-May-2052 -
NVIDIA Corp -
Microsoft Corp -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Fidelity NorthStar Balanced Currency Neutral Fund Series B

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 8.69% 10.11% -
Beta 0.84% 1.04% -
Alpha -0.02% -0.01% -
Rsquared 0.77% 0.69% -
Sharpe -0.20% 0.26% -
Sortino -0.31% 0.22% -
Treynor -0.02% 0.02% -
Tax Efficiency 5.94% 86.43% -
Volatility 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 9.26% 8.69% 10.11% -
Beta 0.98% 0.84% 1.04% -
Alpha -0.02% -0.02% -0.01% -
Rsquared 0.70% 0.77% 0.69% -
Sharpe 0.22% -0.20% 0.26% -
Sortino 0.72% -0.31% 0.22% -
Treynor 0.02% -0.02% 0.02% -
Tax Efficiency 87.96% 5.94% 86.43% -

Fund Details

Start Date May 28, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $91

Fund Codes

FundServ Code Load Code Sales Status
FID2437

Investment Objectives

The Fund aims to achieve long-term capital growth. It seeks a similar return to its underlying fund. The Fund also uses derivatives to try to minimize the exposure to currency fluctuations between developed market foreign currencies and the Canadian dollar. The Fund may also hedge against other foreign currencies. The underlying fund aims to achieve long-term capital growth by investing primarily in a mix of equity securities and fixed income securities from around the world.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity NorthStar Balanced 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.

Portfolio Manager(s)

Name Start Date
Michael Plage 05-28-2014
Daniel Dupont 05-28-2014
Jeffrey Moore 05-28-2014
Connor Gordon 05-28-2014
Joel Tillinghast 05-28-2014
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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 0

Fees

MER 2.30%
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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