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Fidelity Long-Term Leaders Currency Neutral Fund Series A

Global Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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

Fundata ESG Grade D

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NAVPS
(02-13-2025)
$13.30
Change
$0.10 (0.76%)

As at January 31, 2025

As at December 31, 2024

As at December 31, 2024

Period
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Legend

Fidelity Long-Term Leaders Currency Neutral Fund Series A

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Fund Returns

Inception Return (October 20, 2020): 6.62%

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 3.30% 4.05% 6.30% 3.30% 17.10% 15.50% 4.50% 5.36% - - - - - -
Benchmark 3.94% 8.71% 12.28% 3.94% 30.00% 22.02% 13.03% 12.76% 12.87% 13.48% 11.26% 12.40% 12.20% 11.18%
Category Average 4.52% 7.50% 9.99% 4.52% 23.50% 17.05% 9.41% 9.78% 10.04% 10.74% 8.60% 9.67% 9.54% 8.50%
Category Rank 1,897 / 2,113 1,964 / 2,105 1,809 / 2,075 1,897 / 2,113 1,770 / 2,016 1,340 / 1,897 1,706 / 1,769 1,507 / 1,594 - - - - - -
Quartile Ranking 4 4 4 4 4 3 4 4 - - - - - -

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund 6.85% 2.60% -4.59% 3.14% 1.75% 0.36% 1.49% 2.33% -1.64% 4.39% -3.50% 3.30%
Benchmark 5.64% 2.94% -1.84% 3.15% 2.29% 2.79% 0.04% 2.54% 0.69% 4.44% 0.14% 3.94%

Best Monthly Return Since Inception

10.06% (November 2023)

Worst Monthly Return Since Inception

-10.39% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 18.89% -29.53% 23.17% 14.07%
Benchmark 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37% 26.84%
Category Average 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08% 20.13%
Quartile Ranking - - - - - - 2 4 1 4
Category Rank - - - - - - 508/ 1,590 1,668/ 1,744 217/ 1,895 1,701/ 2,012

Best Calendar Return (Last 10 years)

23.17% (2023)

Worst Calendar Return (Last 10 years)

-29.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 59.12
International Equity 37.70
Canadian Equity 4.32
Income Trust Units 0.19
Cash and Equivalents -1.30
Other -0.03

Sector Allocation

Sector Allocation
Name Percent
Technology 27.34
Consumer Services 16.90
Financial Services 11.56
Healthcare 9.24
Real Estate 8.43
Other 26.53

Geographic Allocation

Geographic Allocation
Name Percent
North America 62.24
Europe 19.03
Asia 14.75
Latin America 3.08
Africa and Middle East 0.54
Other 0.36

Top Holdings

Top Holdings
Name Percent
NVIDIA Corp -
Microsoft Corp -
Amazon.com Inc -
Meta Platforms Inc Cl A -
JPMorgan Chase & Co -
Taiwan Semiconductor Manufactrg Co Ltd -
Eli Lilly and Co -
Visa Inc Cl A -
UnitedHealth Group Inc -
Costco Wholesale Corp -

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 Long-Term Leaders Currency Neutral Fund Series A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 17.32% - -
Beta 1.33% - -
Alpha -0.11% - -
Rsquared 0.90% - -
Sharpe 0.12% - -
Sortino 0.24% - -
Treynor 0.02% - -
Tax Efficiency 100.00% - -
Volatility 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 11.34% 17.32% - -
Beta 1.42% 1.33% - -
Alpha -0.21% -0.11% - -
Rsquared 0.84% 0.90% - -
Sharpe 1.08% 0.12% - -
Sortino 2.10% 0.24% - -
Treynor 0.09% 0.02% - -
Tax Efficiency 100.00% 100.00% - -

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 October 20, 2020
Instrument Type Mutual Fund (Wrap Program)
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
FID7001
FID7002
FID7003

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 anywhere in the world that are believed to be leaders in their respective industries and have above-average long-term growth potential. The underlying fund uses quantitative techniques in the construction of its portfolio.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Long-Term Leaders Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Uses a bottom-up fundamental strategy. Invests in shares of companies that trade at prices that reflect attractive valuations based on its assessment of each company’s long-term potential for growth. Emphasizes companies that are believed to have the potential for durable multi-year earnings growth.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 10-13-2020

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 -
SWP Min Withdrawal -

Fees

MER 2.56%
Management Fee 2.00%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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