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Fidelity Canadian Balanced Class Series B

Canadian 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)
$28.63
Change
$0.12 (0.41%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Fidelity Canadian Balanced Class Series B

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Fund Returns

Inception Return (September 25, 2001): 6.29%

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 -1.72% 1.19% 10.27% 2.12% 5.73% 3.31% 2.82% 5.82% 4.65% 5.01% 4.46% 4.94% 4.27% 4.93%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 165 / 448 349 / 442 309 / 442 246 / 442 178 / 431 269 / 418 239 / 389 254 / 378 168 / 368 150 / 361 148 / 346 171 / 333 131 / 299 104 / 287
Quartile Ranking 2 4 3 3 2 3 3 3 2 2 2 3 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.87% 1.59% 0.61% 0.07% -2.51% -1.00% 5.18% 2.66% 0.92% 1.11% 1.83% -1.72%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

7.88% (April 2020)

Worst Monthly Return Since Inception

-10.54% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 11.16% 3.54% 5.46% 4.91% -3.49% 14.10% 9.37% 10.65% -9.40% 8.20%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 1 1 4 4 2 2 1 3 4 3
Category Rank 53/ 286 42/ 299 286/ 331 263/ 344 145/ 355 120/ 365 35/ 374 274/ 389 314/ 409 261/ 429

Best Calendar Return (Last 10 years)

14.10% (2019)

Worst Calendar Return (Last 10 years)

-9.40% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 46.96
Canadian Government Bonds 18.64
Canadian Corporate Bonds 15.62
Foreign Bonds - Funds 10.90
US Equity 5.75
Other 2.13

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 45.71
Financial Services 10.01
Industrial Services 9.97
Technology 9.97
Basic Materials 8.72
Other 15.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00
Europe 0.05
Other -0.05

Top Holdings

Top Holdings
Name Percent
Fidelity American High Yield Fund Series O -
Constellation Software Inc -
Canadian Natural Resources Ltd -
Canadian National Railway Co -
Shopify Inc Cl A -
WSP Global Inc -
Waste Connections Inc -
Brookfield Asset Management Ltd Cl A -
Dollarama Inc -
Restaurant Brands International Inc -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Fidelity Canadian Balanced Class Series B

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.55% 9.72% 8.09%
Beta 0.88% 0.93% 0.92%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.97% 0.96% 0.87%
Sharpe 0.05% 0.31% 0.46%
Sortino 0.02% 0.29% 0.37%
Treynor 0.00% 0.03% 0.04%
Tax Efficiency 65.05% 82.27% 81.46%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 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 7.94% 8.55% 9.72% 8.09%
Beta 0.80% 0.88% 0.93% 0.92%
Alpha 0.02% 0.00% 0.00% 0.00%
Rsquared 0.96% 0.97% 0.96% 0.87%
Sharpe 0.14% 0.05% 0.31% 0.46%
Sortino 0.60% 0.02% 0.29% 0.37%
Treynor 0.01% 0.00% 0.03% 0.04%
Tax Efficiency 87.69% 65.05% 82.27% 81.46%

Fund Details

Start Date September 25, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $534

Fund Codes

FundServ Code Load Code Sales Status
FID226

Investment Objectives

The Fund aims to achieve high total investment return. 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 high total investment return. It uses a balanced approach and invests primarily in a mix of Canadian equity securities, investment grade bonds, high yield securities and money market instruments.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Canadian 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, 40% investment grade bonds, and 10% high yield securities; Generally keeps the Fund’s asset mix within the following ranges: 40%-60% equity securities, 30%-50% investment grade bonds, and 0%-20% high yield securities.

Portfolio Manager(s)

Name Start Date
Harley Lank 01-21-2008
Darren Lekkerkerker 04-30-2010
Sri Tella 03-22-2017
David D. Wolf 03-22-2017
Catriona Martin 03-22-2017
Geoffrey D. Stein 03-22-2017

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 500
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.07%
Management Fee 1.70%
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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