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Global Neutral Balanced
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2023, 2022
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|
NAVPS (01-10-2025) |
$13.74 |
|---|---|
| Change |
-$0.15
(-1.09%)
|
As at December 31, 2024
As at September 30, 2024
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Inception Return (January 16, 2020): 5.31%
| 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 | -2.38% | -0.65% | 5.19% | 12.49% | 12.49% | 10.88% | 5.42% | 7.32% | - | - | - | - | - | - |
| Benchmark | 0.17% | 3.26% | 8.97% | 17.48% | 17.48% | 14.55% | 5.06% | 5.42% | 6.53% | 7.47% | 6.77% | 7.00% | 6.48% | 7.49% |
| Category Average | -1.30% | 1.08% | 6.35% | 12.12% | 12.12% | 10.82% | 2.91% | 4.56% | 5.08% | 6.44% | 4.88% | 5.23% | 5.21% | 4.99% |
| Category Rank | 1,672 / 1,768 | 1,657 / 1,757 | 1,550 / 1,752 | 1,051 / 1,721 | 1,051 / 1,721 | 1,009 / 1,668 | 210 / 1,552 | 166 / 1,415 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 3 | 3 | 3 | 1 | 1 | - | - | - | - | - | - |
| Return % | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.76% | 1.46% | 2.81% | -1.38% | 2.87% | 0.29% | 3.46% | 0.70% | 1.62% | -0.48% | 2.26% | -2.38% |
| Benchmark | 0.78% | 3.10% | 1.80% | -1.57% | 1.73% | 1.79% | 3.28% | -0.07% | 2.25% | 0.21% | 2.87% | 0.17% |
7.11% (April 2020)
-12.95% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 13.24% | -4.70% | 9.29% | 12.49% |
| Benchmark | 17.05% | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% |
| Category Average | 2.99% | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% | 12.12% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 1 | 3 | 3 |
| Category Rank | - | - | - | - | - | - | 199/ 1,415 | 63/ 1,552 | 961/ 1,668 | 1,051/ 1,721 |
13.24% (2021)
-4.70% (2022)
| Name | Percent |
|---|---|
| US Equity | 35.82 |
| International Equity | 22.26 |
| Foreign Government Bonds | 22.00 |
| Foreign Corporate Bonds | 8.08 |
| Canadian Equity | 4.99 |
| Other | 6.85 |
| Name | Percent |
|---|---|
| Fixed Income | 31.99 |
| Financial Services | 10.49 |
| Technology | 10.41 |
| Energy | 6.98 |
| Basic Materials | 5.51 |
| Other | 34.62 |
| Name | Percent |
|---|---|
| North America | 72.46 |
| Europe | 15.75 |
| Asia | 8.15 |
| Latin America | 1.40 |
| Multi-National | 0.37 |
| Other | 1.87 |
| Name | Percent |
|---|---|
| United States Treasury 4.38% 15-May-2034 | - |
| United States Treasury 4.13% 15-Nov-2032 | - |
| United States Treasury 4.13% 15-Aug-2053 | - |
| Apple Inc | - |
| Microsoft Corp | - |
| Fidelity U.S. Money Market Investment Trust O | - |
| NVIDIA Corp | - |
| iShares TIPS Bond ETF (TIP) | - |
| United States Treasury 3.50% 15-Feb-2033 | - |
| WisdomTree Emerging Mkts High Dividend ETF (DEM) | - |
Fidelity Global Monthly High Income ETF
Median
Other - Global Neutral Balanced
| Standard Deviation | 9.22% | - | - |
|---|---|---|---|
| Beta | 0.89% | - | - |
| Alpha | 0.01% | - | - |
| Rsquared | 0.77% | - | - |
| Sharpe | 0.22% | - | - |
| Sortino | 0.43% | - | - |
| Treynor | 0.02% | - | - |
| Tax Efficiency | 74.25% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.17% | 9.22% | - | - |
| Beta | 0.93% | 0.89% | - | - |
| Alpha | -0.03% | 0.01% | - | - |
| Rsquared | 0.60% | 0.77% | - | - |
| Sharpe | 1.23% | 0.22% | - | - |
| Sortino | 2.83% | 0.43% | - | - |
| Treynor | 0.08% | 0.02% | - | - |
| Tax Efficiency | 88.77% | 74.25% | - | - |
| Start Date | January 16, 2020 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $29 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
The ETF invests primarily in underlying funds. These underlying funds generally invest in global equity securities and fixed income securities. The ETF's neutral mix is 60% equity securities and 40% fixed income securities, which may vary by up to +/-20% from the neutral mix.
In order to achieve its investment objective, the Sub-advisor of Fidelity Global Monthly High Income ETF generally follows a neutral mix guideline of approximately 60% equity securities and approximately 40% fixed income securities. Depending on market conditions, the Subadvisor may vary the asset mix by up to +/-20% from the neutral mix if it believes this produces the best overall return.
| Name | Start Date |
|---|---|
| David D. Wolf | 02-20-2020 |
| Geoffrey D. Stein | 02-20-2020 |
| David Tulk | 02-21-2020 |
| Fidelity Management and Research (FMR) Company | 11-30-2021 |
| Fund Manager | Fidelity Investments Canada ULC |
|---|---|
| Advisor | Fidelity Investments Canada ULC |
| Custodian | State Street Trust Company Canada |
| Registrar | State Street Trust Company Canada |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 0.64% |
|---|---|
| Management Fee | 0.55% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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