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Fidelity Founders Class Series A

Global Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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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

2021

Click for more information on Fundata’s FundGrade

NAVPS
(06-12-2024)
$22.34
Change
$0.29 (1.33%)

As at May 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Founders Class Series A

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Fund Returns

Inception Return (April 18, 2018): 13.97%

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 3.44% 0.79% 18.80% 15.74% 30.69% 17.23% 9.22% 12.54% 15.14% 13.19% - - - -
Benchmark 3.15% 4.24% 14.49% 11.66% 23.70% 15.77% 9.12% 12.93% 11.70% 10.13% 9.81% 11.19% 9.88% 10.97%
Category Average 3.08% 12.88% 12.88% 9.94% 19.26% 11.91% 5.89% 10.52% 9.32% 7.93% 7.58% 8.60% 7.35% 7.97%
Category Rank 606 / 2,067 1,747 / 2,061 176 / 2,037 213 / 2,037 129 / 1,947 235 / 1,832 256 / 1,660 396 / 1,507 56 / 1,446 44 / 1,251 - - - -
Quartile Ranking 2 4 1 1 1 1 1 2 1 1 - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 4.27% 4.40% -1.24% -5.37% -1.66% 9.96% 2.64% 4.13% 10.27% 2.85% -5.26% 3.44%
Benchmark 2.98% 3.28% -0.19% -4.15% -0.71% 6.95% 2.53% 1.41% 5.64% 2.94% -1.84% 3.15%

Best Monthly Return Since Inception

15.12% (April 2020)

Worst Monthly Return Since Inception

-9.88% (October 2018)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 22.03% 41.73% 16.10% -22.53% 28.25%
Benchmark 13.97% 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37%
Category Average 8.33% 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08%
Quartile Ranking - - - - - 2 1 3 4 1
Category Rank - - - - - 461/ 1,402 63/ 1,483 872/ 1,603 1,581/ 1,757 100/ 1,918

Best Calendar Return (Last 10 years)

41.73% (2020)

Worst Calendar Return (Last 10 years)

-22.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 88.50
Canadian Equity 5.92
International Equity 5.27
Cash and Equivalents 0.16
Foreign Corporate Bonds 0.12
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Technology 50.30
Financial Services 13.38
Consumer Services 12.88
Healthcare 7.47
Consumer Goods 3.84
Other 12.13

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.70
Europe 3.92
Asia 0.44
Latin America 0.38
Other 0.56

Top Holdings

Top Holdings
Name Percent
Microsoft Corp -
NVIDIA Corp -
Meta Platforms Inc Cl A -
Amazon.com Inc -
Alphabet Inc Cl C -
MicroStrategy Inc Cl A -
Uber Technologies Inc -
BlackRock Inc -
Netflix Inc -
Apollo Global Management 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 Founders Class Series A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 17.01% 16.57% -
Beta 1.19% 1.08% -
Alpha -0.01% 0.03% -
Rsquared 0.84% 0.74% -
Sharpe 0.43% 0.81% -
Sortino 0.66% 1.31% -
Treynor 0.06% 0.12% -
Tax Efficiency 95.33% 97.90% -
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 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 17.47% 17.01% 16.57% -
Beta 1.56% 1.19% 1.08% -
Alpha -0.06% -0.01% 0.03% -
Rsquared 0.93% 0.84% 0.74% -
Sharpe 1.35% 0.43% 0.81% -
Sortino 3.09% 0.66% 1.31% -
Treynor 0.15% 0.06% 0.12% -
Tax Efficiency 99.48% 95.33% 97.90% -

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 April 18, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $47

Fund Codes

FundServ Code Load Code Sales Status
FID6263
FID6264
FID6265

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 securities of that fund. The underlying fund aims to achieve long-term capital appreciation by investing primarily in equity securities of companies anywhere in the world, with an emphasis on U.S equity securities. It seeks to identify investment opportunities in equity securities of founder-involved companies.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team of the underlying fund: Invests in companies where the founder(s) of the company continue(s) to be involved in the company in some capacity, such as: - By being a member of the Company’s senior management team or board of directors. - Through personal or family share ownership.

Portfolio Manager(s)

Name Start Date
Daniel Kelley 02-21-2020
Fidelity Management & Research Company LLC 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 0
SWP Min Withdrawal 50

Fees

MER 2.45%
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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