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Fidelity True North Fund Series B

Canadian Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2015

Click for more information on Fundata’s FundGrade

NAVPS
(02-13-2025)
$63.63
Change
$0.39 (0.61%)

As at January 31, 2025

As at December 31, 2024

As at December 31, 2024

Period
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Legend

Fidelity True North Fund Series B

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Fund Returns

Inception Return (September 20, 1996): 8.83%

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% 4.40% 6.63% 2.20% 17.76% 11.70% 7.75% 11.26% 10.35% 11.02% 9.45% 8.90% 9.04% 7.68%
Benchmark 3.48% 6.47% 12.11% 3.48% 25.19% 14.44% 9.97% 13.55% 11.45% 12.03% 10.30% 9.84% 11.29% 8.96%
Category Average 2.79% 5.04% 8.75% 2.79% 20.16% 11.99% 8.17% 12.06% 9.76% 10.28% 8.44% 8.09% 9.20% 7.40%
Category Rank 585 / 750 588 / 750 621 / 734 585 / 750 599 / 724 477 / 702 465 / 669 459 / 598 269 / 557 254 / 540 194 / 487 194 / 458 288 / 420 233 / 389
Quartile Ranking 4 4 4 4 4 3 3 4 2 2 2 2 3 3

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund 2.37% 2.45% -1.76% 2.82% -0.74% 5.02% -0.64% 1.96% 0.80% 5.04% -2.74% 2.20%
Benchmark 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48%

Best Monthly Return Since Inception

14.68% (December 1999)

Worst Monthly Return Since Inception

-16.53% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -1.89% 9.97% 4.87% -5.04% 17.23% 10.01% 23.19% -5.37% 10.09% 16.24%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average -6.15% 16.46% 6.89% -9.47% 19.21% 3.42% 23.26% -4.82% 9.85% 17.87%
Quartile Ranking 1 4 4 1 4 1 3 3 3 4
Category Rank 84/ 388 404/ 416 368/ 458 51/ 484 465/ 530 50/ 556 362/ 591 361/ 659 362/ 698 556/ 724

Best Calendar Return (Last 10 years)

23.19% (2021)

Worst Calendar Return (Last 10 years)

-5.37% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 90.80
US Equity 3.47
Cash and Equivalents 2.85
International Equity 1.22
Income Trust Units 0.70
Other 0.96

Sector Allocation

Sector Allocation
Name Percent
Financial Services 26.05
Consumer Services 12.04
Energy 11.29
Basic Materials 10.80
Technology 9.83
Other 29.99

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.58
Europe 1.22
Latin America 0.58
Multi-National 0.58
Other 0.04

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada -
Toronto-Dominion Bank -
Alimentation Couche-Tard Inc Cl A -
Fairfax Financial Holdings Ltd -
Shopify Inc Cl A -
Agnico Eagle Mines Ltd -
Constellation Software Inc -
Canadian Natural Resources Ltd -
Intact Financial Corp -
Fidelity Canadian Money Market Investment Trust O -

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 True North Fund Series B

Median

Other - Canadian Equity

3 Yr Annualized

Standard Deviation 11.14% 12.97% 10.33%
Beta 0.79% 0.79% 0.77%
Alpha 0.00% 0.01% 0.01%
Rsquared 0.97% 0.96% 0.92%
Sharpe 0.39% 0.65% 0.61%
Sortino 0.70% 0.90% 0.72%
Treynor 0.06% 0.11% 0.08%
Tax Efficiency 86.61% 88.01% 88.10%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.59% 11.14% 12.97% 10.33%
Beta 0.79% 0.79% 0.79% 0.77%
Alpha -0.02% 0.00% 0.01% 0.01%
Rsquared 0.92% 0.97% 0.96% 0.92%
Sharpe 1.46% 0.39% 0.65% 0.61%
Sortino 3.59% 0.70% 0.90% 0.72%
Treynor 0.16% 0.06% 0.11% 0.08%
Tax Efficiency 94.89% 86.61% 88.01% 88.10%

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 September 20, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $1,255

Fund Codes

FundServ Code Load Code Sales Status
FID225

Investment Objectives

The Fund aims to achieve long-term capital growth. It invests primarily in equity securities of Canadian companies.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: When buying and selling equity securities, may consider factors about a company, including: > Financial condition. > Industry position. > Economic and market conditions. > Growth potential. > Earnings estimates. > Quality of management. May, by situation, consider ESG criteria when evaluating investment opportunities. The Fund may also: Invest in companies of any size. Invest up to 30% of its net assets in foreign securities.

Portfolio Manager(s)

Name Start Date
Maxime Lemieux 11-01-2009
Fidelity Canada Investment Management 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
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 2.22%
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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