Fidelity Canadian Asset Allocation Fund

Investment Strategy

Fidelity Canadian Asset Allocation Fund offers the flexibility of tactical asset allocation to deliver maximized risk-adjusted return potential in a core fund offering.

Performance

Annual compound performance – as at 31-Jul-2010

  Fund Morningstar
Quartile*
Benchmark
1 month 2.38% 4 2.71%
3 month -3.89% 4 -1.13%
6 month 2.22% 3 5.53%
1 year 4.56% 4 9.84%
2 year -0.70% 3 -0.14%
3 year 0.07% 1 0.94%
5 year 4.21% 1 5.39%
7 year 6.96% 2 8.51%
10 year 4.60% 3 5.00%
YTD -1.05% 4 2.45%
Since Inception 9.11%

Calendar year performance – as at 31-Jul-2010

Growth of $10,000 since inception – as at 30-Jun-2010

Fund risk measures – as at 31-Jul-2010
  Fund Benchmark
Annual Standard Deviation 13.54 13.39
Beta 1.00
0.98

Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.)

Volatility meter

The volatility meter uses methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. The Task Force prescribes risk assessment based on historical volatility risk as measured by the standard deviation of fund performance. The Task Force also acknowledges that other types of measurable and nonmeasurable risk may exist. The Task Force reminds investors that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.

View other Fidelity funds in this category:

Lipper Fund Awards

Fund facts

NAVPU – Series B

$24.56 – as at 01-Sep-2010

Fund inception date

30-Dec-1994

Fund benchmark

Blended Index**

Fund aggregate assets (all available series)

$12.043 billion
as at 31-Jul-2010

Management expense ratio - Series B

2.17% – as at 31-Dec-2009

Quarterly Top Ten Holdings
Toronto-Dominion Bank Commercial Banks
Royal Bank of Canada Commercial Banks
Goldcorp Metals & Mining
Suncor Energy Oil, Gas & Consumable Fuels
Canadian Imperial Bank of Commerce Commercial Banks
Canadian Natural Resources Oil, Gas & Consumable Fuels
Potash Corp. of Saskatchewan Chemicals
BCE Diversified Telecom Services
Rogers Communication, Cl. B, Non Vtg Wireless Telecom Services
Bank of Montreal Commercial Banks
Top 10 holdings aggregate 24.8%
Total bond holdings 716
Total equity holdings 456
Total number of holdings 1,185
Allocation

Asset mix

Equity Sector mix

Country mix

500619.23.0