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Fidelity Inflation-Focused Fund Series B

Global Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-17-2024)
$10.46
Change
-$0.02 (-0.15%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Fidelity Inflation-Focused Fund Series B

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Fund Returns

Inception Return (September 28, 2021): 3.66%

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 4.04% 3.98% 8.78% 3.98% 7.05% 0.61% - - - - - - - -
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.96% 12.03% 12.03% 4.49% 10.15% 3.31% 3.22% 7.67% 4.79% 4.62% 4.52% 5.09% 4.15% 4.67%
Category Rank 7 / 1,733 1,221 / 1,733 1,588 / 1,709 1,221 / 1,733 1,516 / 1,682 1,565 / 1,615 - - - - - - - -
Quartile Ranking 1 3 4 3 4 4 - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.70% -3.25% 1.72% 1.09% -0.32% -1.45% -0.45% 3.02% 2.01% -1.06% 1.00% 4.04%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

4.21% (October 2022)

Worst Monthly Return Since Inception

-7.67% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -3.21% 4.10%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - - - 1 4
Category Rank - - - - - - - - 39/ 1,562 1,656/ 1,681

Best Calendar Return (Last 10 years)

4.10% (2023)

Worst Calendar Return (Last 10 years)

-3.21% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 22.49
Canadian Government Bonds 14.78
Foreign Government Bonds 14.05
Canadian Equity 11.75
Cash and Equivalents 9.68
Other 27.25

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 37.84
Energy 15.48
Basic Materials 14.61
Real Estate 10.44
Cash and Cash Equivalent 9.68
Other 11.95

Geographic Allocation

Geographic Allocation
Name Percent
North America 76.68
Europe 11.17
Multi-National 7.72
Asia 3.91
Latin America 0.48
Other 0.04

Top Holdings

Top Holdings
Name Percent
iShares Gold Trust ETF (IAU) -
iShares Short Treasury Bond ETF (SHV) -
Exxon Mobil Corp -
iShares 20 Plus Year Treasury Bond ETF (TLT) -
Fidelity Canadian Money Market Investment Trust O -
Martin Marietta Materials Inc -
Canada Government 4.00% 01-Dec-2031 -
Teck Resources Ltd Cl B -
Canada Government 1.50% 01-Dec-2044 -
Canada Government 3.00% 01-Dec-2036 -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: .

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

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 28, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $94

Fund Codes

FundServ Code Load Code Sales Status
FID7251

Investment Objectives

The Fund seeks a real return consistent with reasonable investment risk. A real return is a return above inflation. It uses a balanced approach. It invests primarily in a mix of equity securities and fixed income securities of issuers located anywhere in the world which are expected to be collectively resilient to inflation. The Fund can invest in these securities either directly or indirectly through investments in underlying funds.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Follows a neutral mix guideline of approximately 40% equity, 10% commodity and 50% fixed income investments and money market instruments. Uses an asset allocation strategy. Depending on market conditions, may vary the asset mix by up to +/- 25% from the neutral mix if it believes this produces the best overall return.

Portfolio Manager(s)

Name Start Date
Fidelity Investments Canada ULC 09-20-2021
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 -
SWP Min Withdrawal -

Fees

MER 2.38%
Management Fee 1.90%
Load Front 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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