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Fidelity True North Fund Series A
Canadian Equity
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade C
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FundGrade A+® Rating Recipient
2021, 2015
Click for more information on Fundata’s FundGrade
|
NAVPS (09-17-2026) |
$75.66 |
|---|---|
| Change |
$0.62
(0.83%)
|
As at August 31, 2026
As at June 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (September 23, 1996): 9.20%
| 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 | 1.70% | 2.35% | 3.71% | 10.46% | 18.91% | 19.14% | 17.77% | 15.10% | 10.87% | 13.59% | 12.26% | 11.35% | 11.04% | 10.00% |
| Benchmark | 3.10% | 4.88% | 6.79% | 16.00% | 29.91% | 27.87% | 24.76% | 20.48% | 15.28% | 17.34% | 15.30% | 13.87% | 13.45% | 12.81% |
| Category Average | 1.64% | 3.64% | 5.23% | 12.49% | 21.85% | 20.98% | 19.53% | 16.12% | 12.23% | 14.67% | 12.51% | 11.06% | 10.78% | 10.20% |
| Category Rank | 429 / 761 | 633 / 756 | 601 / 748 | 573 / 745 | 542 / 731 | 479 / 687 | 496 / 666 | 478 / 652 | 457 / 590 | 426 / 555 | 347 / 517 | 281 / 476 | 266 / 441 | 291 / 415 |
| Quartile Ranking | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.34% | 0.48% | 2.37% | 1.27% | 0.71% | 5.75% | -4.61% | 3.49% | 2.65% | 0.44% | 0.20% | 1.70% |
| Benchmark | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% | 1.22% | 3.10% |
Best Monthly Return Since Inception
14.68% (December 1999)
Worst Monthly Return Since Inception
-16.55% (October 2008)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 9.75% | 4.65% | -5.24% | 16.99% | 9.78% | 22.93% | -5.59% | 9.82% | 15.96% | 22.49% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | 16.46% | 6.89% | -9.47% | 19.21% | 3.42% | 23.26% | -4.82% | 9.85% | 17.87% | 23.63% |
| Quartile Ranking | 4 | 4 | 1 | 4 | 1 | 3 | 3 | 3 | 4 | 3 |
| Category Rank | 387/ 395 | 358/ 425 | 55/ 451 | 449/ 497 | 58/ 524 | 364/ 558 | 364/ 622 | 378/ 656 | 550/ 677 | 428/ 703 |
Best Calendar Return (Last 10 years)
22.93% (2021)
Worst Calendar Return (Last 10 years)
-5.59% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 88.18 |
| Cash and Equivalents | 4.01 |
| US Equity | 3.88 |
| International Equity | 2.04 |
| Income Trust Units | 1.08 |
| Other | 0.81 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 27.35 |
| Basic Materials | 13.00 |
| Energy | 11.77 |
| Consumer Services | 10.43 |
| Industrial Services | 9.91 |
| Other | 27.54 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 96.12 |
| Europe | 2.08 |
| Latin America | 1.08 |
| Other | 0.72 |
Top Holdings
| Name | Percent |
|---|---|
| Royal Bank of Canada | - |
| Toronto-Dominion Bank | - |
| Shopify Inc Cl A | - |
| Fidelity Canadian Money Market Investment Trust O | - |
| TC Energy Corp | - |
| Alimentation Couche-Tard Inc Cl A | - |
| Agnico Eagle Mines Ltd | - |
| Franco-Nevada Corp | - |
| Bank of Montreal | - |
| Canadian National Railway Co | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity True North Fund Series A
Median
Other - Canadian Equity
3 Yr Annualized
| Standard Deviation | 8.37% | 10.20% | 10.43% |
|---|---|---|---|
| Beta | 0.75 | 0.80 | 0.78 |
| Alpha | 0.00 | -0.01 | 0.00 |
| Rsquared | 0.93% | 0.95% | 0.93% |
| Sharpe | 1.61 | 0.77 | 0.78 |
| Sortino | 3.29 | 1.23 | 1.04 |
| Treynor | 0.18 | 0.10 | 0.11 |
| Tax Efficiency | 92.62% | 89.39% | 90.56% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.70% | 8.37% | 10.20% | 10.43% |
| Beta | 0.82 | 0.75 | 0.80 | 0.78 |
| Alpha | -0.04 | 0.00 | -0.01 | 0.00 |
| Rsquared | 0.95% | 0.93% | 0.95% | 0.93% |
| Sharpe | 1.79 | 1.61 | 0.77 | 0.78 |
| Sortino | 3.04 | 3.29 | 1.23 | 1.04 |
| Treynor | 0.19 | 0.18 | 0.10 | 0.11 |
| Tax Efficiency | 89.62% | 92.62% | 89.39% | 90.56% |
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 23, 1996 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID036 | ||
| FID525 | ||
| FID825 |
Investment Objectives
The Fund aims to achieve long-term capital growth. It invests primarily in equity securities of Canadian companies.
Investment Strategy
To meet the Fund’s objectives, the portfolio management team: When buying and selling equity securities, may consider factors about a company, including: > Financial condition. > Industry position. > Economic and market conditions. > Growth potential. > Earnings estimates. > Quality of management. May, by situation, consider ESG criteria when evaluating investment opportunities. The Fund may also: Invest in companies of any size. Invest up to 30% of its net assets in foreign securities.
Portfolio Management
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Canada Investment Management |
Management and Organization
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
CIBC Mellon Trust Company State Street Trust Company Canada |
| Registrar |
Fidelity Investments Canada ULC |
| Distributor |
Fidelity Investments Canada ULC |
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 | 50 |
Fees
| MER | 2.46% |
|---|---|
| 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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