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Fidelity China Class Series B

Greater China Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

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

2018, 2017, 2016

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NAVPS
(10-30-2024)
$20.61
Change
-$0.31 (-1.48%)

As at September 30, 2024

As at June 30, 2024

As at July 31, 2024

Period
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Legend

Fidelity China Class Series B

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Fund Returns

Inception Return (May 10, 2007): 5.39%

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 20.34% 14.30% 19.02% 19.95% 12.95% 10.72% 2.34% 2.54% 2.19% 0.81% 1.66% 3.57% 4.60% 6.26%
Benchmark 23.51% 19.03% 13.77% 11.97% 7.48% 1.13% -6.85% -2.80% 2.49% 3.01% -0.55% -0.11% -0.36% 3.49%
Category Average 20.08% 14.41% 20.23% 21.85% 14.68% 5.49% -5.97% -3.95% -0.07% -0.16% 0.36% 2.69% 3.77% 4.67%
Category Rank 37 / 67 32 / 67 34 / 67 59 / 67 45 / 67 17 / 65 12 / 64 12 / 64 31 / 59 39 / 54 21 / 37 19 / 35 19 / 35 13 / 35
Quartile Ranking 3 2 3 4 3 2 1 1 3 3 3 3 3 2

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -3.49% -0.01% -2.42% -7.79% 6.83% 2.30% 7.40% 1.72% -4.67% -2.05% -3.03% 20.34%
Benchmark -0.05% 0.23% -4.18% -11.24% 11.30% -0.38% 3.37% -2.22% -5.45% 1.02% -4.60% 23.51%

Best Monthly Return Since Inception

26.97% (November 2022)

Worst Monthly Return Since Inception

-17.54% (January 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 19.17% 16.17% -0.44% 30.89% -5.54% 8.72% -4.49% -4.84% 2.34% -8.88%
Benchmark 56.37% 39.34% -22.11% 5.92% -27.74% 25.82% 26.06% 7.65% -21.94% -12.56%
Category Average 13.37% 10.12% -0.54% 36.44% -10.53% 17.64% 16.11% -9.03% -16.98% -15.56%
Quartile Ranking 2 2 2 3 1 4 4 2 1 1
Category Rank 12/ 35 10/ 35 13/ 35 21/ 36 13/ 52 48/ 57 51/ 59 20/ 64 11/ 65 13/ 65

Best Calendar Return (Last 10 years)

30.89% (2017)

Worst Calendar Return (Last 10 years)

-8.88% (2023)

Asset Allocation

Asset Allocation
Name Percent
International Equity 97.03
US Equity 2.01
Cash and Equivalents 0.90
Foreign Corporate Bonds 0.01
Other 0.05

Sector Allocation

Sector Allocation
Name Percent
Financial Services 18.97
Technology 18.62
Consumer Goods 13.87
Energy 9.30
Real Estate 8.98
Other 30.26

Geographic Allocation

Geographic Allocation
Name Percent
Asia 86.78
Europe 4.16
North America 2.88
Other 6.18

Top Holdings

Top Holdings
Name Percent
Tencent Holdings Ltd -
Alibaba Group Holding Ltd -
China Construction Bank Corp Cl H -
Ind and Commercial Bank of China Ltd Cl H -
BOC Aviation Ltd -
ENN Energy Holdings Ltd -
China Oilfield Services Ltd Cl H -
Prosus NV -
China Mengniu Dairy Co Ltd -
China Merchants Bank Co Ltd Cl H -

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity China Class Series B

Median

Other - Greater China Equity

3 Yr Annualized

Standard Deviation 27.23% 22.62% 20.03%
Beta 0.85% 0.78% 0.62%
Alpha 0.09% 0.01% 0.04%
Rsquared 0.57% 0.54% 0.55%
Sharpe 0.09% 0.10% 0.32%
Sortino 0.18% 0.12% 0.40%
Treynor 0.03% 0.03% 0.10%
Tax Efficiency 55.26% 70.60% 91.29%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 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 25.97% 27.23% 22.62% 20.03%
Beta 0.79% 0.85% 0.78% 0.62%
Alpha 0.06% 0.09% 0.01% 0.04%
Rsquared 0.89% 0.57% 0.54% 0.55%
Sharpe 0.40% 0.09% 0.10% 0.32%
Sortino 1.08% 0.18% 0.12% 0.40%
Treynor 0.13% 0.03% 0.03% 0.10%
Tax Efficiency 100.00% 55.26% 70.60% 91.29%

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 May 10, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) $4

Fund Codes

FundServ Code Load Code Sales Status
FID1217

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 aims to achieve long-term capital growth by investing primarily in equity securities of Chinese and Hong Kong companies and in companies located in other countries that derive a significant portion of their revenues from these countries.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity China Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: 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. - Cash flow. - Quality of management.

Portfolio Manager(s)

Name Start Date
Pyramis Canada ULC 11-06-2008
State Street Global Advisors Ltd. 11-06-2008
Pyramis Global Advisors LLC 11-06-2008
Pyramis Global Advisors Trust Company 11-06-2008
Fidelity International Limited 11-06-2008
Fidelity Investments Money Management Inc. 11-06-2008
Alice Li 04-25-2022
Nitin Bajaj 04-25-2022

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 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.27%
Management Fee 1.85%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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