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Fidelity U.S. Focused Stock Currency Neutral Class Series B

U.S. Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-24-2024)
$30.51
Change
$0.57 (1.90%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity U.S. Focused Stock Currency Neutral Class Series B

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Fund Returns

Inception Return (May 28, 2014): 11.31%

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 -4.05% 12.92% 32.25% 17.77% 39.32% 13.61% 6.83% 15.37% 12.31% 13.26% 14.58% 13.95% 12.10% -
Benchmark -2.70% 7.00% 19.89% 10.21% 24.18% 16.33% 12.19% 16.16% 13.73% 14.54% 13.35% 15.12% 13.99% 14.98%
Category Average -3.34% 18.94% 18.94% 8.14% 20.65% 12.22% 7.69% 13.48% 10.38% 10.73% 10.14% 11.37% 10.04% 10.81%
Category Rank 1,088 / 1,370 38 / 1,364 13 / 1,349 42 / 1,355 47 / 1,285 642 / 1,226 761 / 1,153 311 / 1,090 312 / 989 227 / 887 93 / 815 214 / 716 206 / 650 -
Quartile Ranking 4 1 1 1 1 3 3 2 2 2 1 2 2 -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 4.14% 7.01% 3.21% 0.36% -6.18% -2.74% 9.00% 3.03% 4.30% 12.20% 4.88% -4.05%
Benchmark 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70%

Best Monthly Return Since Inception

12.40% (April 2020)

Worst Monthly Return Since Inception

-11.31% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -0.16% 0.81% 27.87% 2.60% 27.73% 28.16% 24.06% -28.65% 25.56%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking - 4 4 1 2 1 1 3 4 2
Category Rank - 568/ 639 540/ 687 32/ 777 298/ 869 205/ 944 153/ 1,057 576/ 1,133 1,099/ 1,190 330/ 1,254

Best Calendar Return (Last 10 years)

28.16% (2020)

Worst Calendar Return (Last 10 years)

-28.65% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 91.63
International Equity 6.02
Canadian Equity 1.95
Cash and Equivalents 0.39
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 45.12
Industrial Services 13.00
Industrial Goods 12.66
Healthcare 7.92
Consumer Services 6.72
Other 14.58

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.97
Europe 6.02
Other 0.01

Top Holdings

Top Holdings
Name Percent
NVIDIA Corp -
Microsoft Corp -
Meta Platforms Inc Cl A -
Amazon.com Inc -
Fiserv Inc -
Eaton Corp PLC -
Eli Lilly and Co -
Micron Technology Inc -
Jabil Inc -
Alphabet Inc Cl A -

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 U.S. Focused Stock Currency Neutral Class Series B

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 19.89% 19.80% -
Beta 1.28% 1.28% -
Alpha -0.08% -0.04% -
Rsquared 0.87% 0.87% -
Sharpe 0.29% 0.59% -
Sortino 0.41% 0.82% -
Treynor 0.05% 0.09% -
Tax Efficiency 96.91% 98.76% -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 18.60% 19.89% 19.80% -
Beta 1.50% 1.28% 1.28% -
Alpha 0.01% -0.08% -0.04% -
Rsquared 0.89% 0.87% 0.87% -
Sharpe 1.63% 0.29% 0.59% -
Sortino 3.88% 0.41% 0.82% -
Treynor 0.20% 0.05% 0.09% -
Tax Efficiency 100.00% 96.91% 98.76% -

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 May 28, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $20

Fund Codes

FundServ Code Load Code Sales Status
FID2573

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 U.S. companies. The Fund uses derivatives to try to minimize the exposure to currency fluctuations between the U.S. and Canadian dollars.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity U.S. Focused Stock Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Focuses on a company’s fundamentals and invests in shares of companies that trade at prices that reflect attractive valuations based on its assessment of each company’s potential for growth and earnings.

Portfolio Manager(s)

Name Start Date
Stephen DuFour 02-01-2013

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 2.30%
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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