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Fidelity International Concentrated Equity Currency Neutral Fund Series A

International Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

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NAVPS
(11-07-2024)
$12.80
Change
$0.18 (1.40%)

As at September 30, 2024

As at June 30, 2024

As at July 31, 2024

Period
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Legend

Fidelity International Concentrated Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (November 01, 2017): 4.06%

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 3.35% 6.60% 4.50% 8.64% 14.40% 22.45% 3.49% 10.83% 6.80% 5.31% - - - -
Benchmark 1.09% 5.60% 5.99% 14.03% 23.66% 23.54% 6.32% 9.52% 8.26% 6.77% 6.81% 7.59% 7.41% 7.66%
Category Average 1.22% 5.91% 6.43% 13.93% 23.03% 21.24% 5.07% 7.96% 7.29% 6.07% 5.72% 6.53% 6.40% 6.37%
Category Rank 45 / 799 312 / 791 594 / 778 728 / 769 736 / 757 236 / 718 563 / 699 146 / 673 438 / 621 452 / 572 - - - -
Quartile Ranking 1 2 4 4 4 2 4 1 3 4 - - - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -5.44% 7.62% 3.48% 0.22% -0.40% 4.15% 0.76% 2.85% -5.40% 2.50% 0.63% 3.35%
Benchmark -1.92% 7.38% 2.98% 0.90% 3.40% 3.12% -1.23% 2.60% -0.96% 4.08% 0.37% 1.09%

Best Monthly Return Since Inception

17.54% (November 2020)

Worst Monthly Return Since Inception

-21.12% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -17.00% 24.79% 1.36% 13.22% -14.63% 18.48%
Benchmark 4.12% 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74%
Category Average 1.55% 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75%
Quartile Ranking - - - - 4 1 3 1 3 1
Category Rank - - - - 524/ 529 70/ 597 467/ 648 117/ 678 445/ 701 66/ 732

Best Calendar Return (Last 10 years)

24.79% (2019)

Worst Calendar Return (Last 10 years)

-17.00% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 96.12
Canadian Equity 2.72
Cash and Equivalents 1.17
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 20.80
Consumer Goods 19.38
Financial Services 16.58
Industrial Goods 10.51
Industrial Services 8.95
Other 23.78

Geographic Allocation

Geographic Allocation
Name Percent
Europe 68.97
Asia 27.15
North America 3.89
Other -0.01

Top Holdings

Top Holdings
Name Percent
Prosus NV -
Barclays PLC -
Alibaba Group Holding Ltd -
Banco Bilbao Vizcaya Argentaria SA -
Clarivate PLC -
Elis SA -
Komatsu Ltd -
Samsung Electronics Co Ltd -
Sulzer AG Cl N -
Reckitt Benckiser Group PLC -

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity International Concentrated Equity Currency Neutral Fund Series A

Median

Other - International Equity

3 Yr Annualized

Standard Deviation 17.87% 20.40% -
Beta 1.16% 1.33% -
Alpha -0.03% -0.03% -
Rsquared 0.76% 0.78% -
Sharpe 0.09% 0.32% -
Sortino 0.17% 0.40% -
Treynor 0.01% 0.05% -
Tax Efficiency 100.00% 99.83% -
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 13.04% 17.87% 20.40% -
Beta 1.15% 1.16% 1.33% -
Alpha -0.11% -0.03% -0.03% -
Rsquared 0.66% 0.76% 0.78% -
Sharpe 0.74% 0.09% 0.32% -
Sortino 1.41% 0.17% 0.40% -
Treynor 0.08% 0.01% 0.05% -
Tax Efficiency 100.00% 100.00% 99.83% -

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 November 01, 2017
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $0

Fund Codes

FundServ Code Load Code Sales Status
FID6065
FID6066
FID6067

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 invests primarily in equity securities of companies located outside of the United States. The Fund uses derivatives to try to minimize the exposure to currency fluctuations between developed market foreign currencies and the Canadian dollar.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity International Concentrated Equity Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Aims to favour attractively priced companies that show the potential for above-average long-term compounding of total shareholder returns and better than average quality characteristics.

Portfolio Manager(s)

Name Start Date
Patrice Quirion 11-01-2017
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 -
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 100

Fees

MER 2.61%
Management Fee 2.00%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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