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Fidelity Global Natural Resources Fund Series B

Natural Resources Equity

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

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018, 2016, 2015, 2014

Click for more information on Fundata’s FundGrade

NAVPS
(10-03-2024)
$56.03
Change
$0.36 (0.65%)

As at August 31, 2024

As at June 30, 2024

As at July 31, 2024

Period
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Legend

Fidelity Global Natural Resources Fund Series B

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Fund Returns

Inception Return (June 05, 1997): 7.09%

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 -3.19% -2.57% 8.61% 11.68% 12.31% 8.24% 12.84% 16.17% 11.13% 7.00% 8.70% 7.36% 7.14% 4.34%
Benchmark -0.48% 0.92% 21.07% 18.82% 14.65% 11.09% 13.02% 11.93% 9.66% 8.13% 6.74% 5.50% 7.09% 2.14%
Category Average -1.51% 10.75% 10.75% 8.84% 6.49% 8.42% 12.32% 16.96% 13.41% 7.92% 7.60% 5.93% 7.24% 1.65%
Category Rank 96 / 117 57 / 116 92 / 116 37 / 116 20 / 115 87 / 115 78 / 110 72 / 109 75 / 108 85 / 108 65 / 105 51 / 96 67 / 88 32 / 79
Quartile Ranking 4 2 4 2 1 4 3 3 3 4 3 3 4 2

Monthly Return

Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund 0.08% -1.88% 2.20% 0.21% -0.35% 3.19% 7.57% 1.71% 1.88% -2.92% 3.67% -3.19%
Benchmark -2.98% -2.12% 2.75% -1.11% -2.35% 0.51% 10.75% 3.47% 4.69% -4.69% 6.39% -0.48%

Best Monthly Return Since Inception

20.59% (March 1999)

Worst Monthly Return Since Inception

-23.50% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.32% -3.11% 11.16% 2.39% -9.88% 10.52% 0.52% 23.84% 15.03% 1.16%
Benchmark -5.59% -23.78% 36.74% -1.69% -15.86% 20.06% -7.01% 21.57% 12.86% -0.78%
Category Average -12.08% -22.23% 40.92% -2.18% -21.77% 9.95% 5.03% 32.84% 13.19% 2.62%
Quartile Ranking 1 1 4 1 1 3 4 4 3 3
Category Rank 4/ 76 4/ 80 89/ 91 24/ 96 8/ 106 58/ 108 84/ 108 84/ 109 81/ 111 66/ 115

Best Calendar Return (Last 10 years)

23.84% (2021)

Worst Calendar Return (Last 10 years)

-9.88% (2018)

Asset Allocation

Asset Allocation
Name Percent
US Equity 47.12
Canadian Equity 32.86
International Equity 15.48
Cash and Equivalents 4.48
Foreign Corporate Bonds 0.04
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Energy 46.07
Basic Materials 37.24
Industrial Goods 9.88
Cash and Cash Equivalent 4.48
Technology 1.84
Other 0.49

Geographic Allocation

Geographic Allocation
Name Percent
North America 84.53
Europe 10.84
Asia 3.70
Latin America 0.94
Other -0.01

Top Holdings

Top Holdings
Name Percent
Exxon Mobil Corp -
Martin Marietta Materials Inc -
Chevron Corp -
Teck Resources Ltd Cl B -
Freeport-McMoRan Inc -
Fidelity U.S. Money Market Investment Trust O -
Canadian Natural Resources Ltd -
Ivanhoe Mines Ltd Cl A -
Diamondback Energy Inc -
Shell PLC -

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 Natural Resources Fund Series B

Median

Other - Natural Resources Equity

3 Yr Annualized

Standard Deviation 17.19% 19.07% 15.83%
Beta 0.82% 0.78% 0.67%
Alpha 0.02% 0.03% 0.03%
Rsquared 0.76% 0.78% 0.65%
Sharpe 0.60% 0.54% 0.25%
Sortino 0.88% 0.70% 0.22%
Treynor 0.13% 0.13% 0.06%
Tax Efficiency 99.81% 99.20% 98.59%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 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 10.57% 17.19% 19.07% 15.83%
Beta 0.59% 0.82% 0.78% 0.67%
Alpha 0.03% 0.02% 0.03% 0.03%
Rsquared 0.76% 0.76% 0.78% 0.65%
Sharpe 0.70% 0.60% 0.54% 0.25%
Sortino 1.77% 0.88% 0.70% 0.22%
Treynor 0.12% 0.13% 0.13% 0.06%
Tax Efficiency 99.46% 99.81% 99.20% 98.59%

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 June 05, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $65

Fund Codes

FundServ Code Load Code Sales Status
FID277

Investment Objectives

The Fund aims to achieve long-term capital growth. It invests primarily in equity securities of companies anywhere in the world that own or develop natural resources or supply goods and services to those companies.

Investment Strategy

To meet the objectives, the portfolio management team: Invests in companies in the natural resources industries, including agriculture, containers & packaging, energy, metals, natural gas, oil, pipelines, paper and forest products, chemicals, and precious metals. When buying and selling equity securities, may consider other factors about a company, including: >Financial condition. >Industry position. >Economic and market conditions. >Growth potential. >Earnings estimates. >Quality of management.

Portfolio Manager(s)

Name Start Date
Darren Lekkerkerker 05-01-2007
Joe Overdevest 06-03-2013
Fidelity Canada Investment Management 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 Fidelity Investments Canada ULC
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 2.23%
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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