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 for this series is not available at this time.


Annual compound performance – as at 31-May-2017

1 month -0.88% 3
3 month 1.82% 2
6 month 2.97% 3
1 year 6.70% 4
2 year 2.34% 4
3 year 3.85% 3
5 year 6.40% 4
7 year 4.85%
10 year 3.32% 3
YTD 2.71% 3
Since Inception 7.86%

Calendar year performance – as at 31-May-2017

Calendar year performance – as at 31-May-2017

Growth of $10,000 since inception³ – as at 31-May-2017

Growth of $10,000 since inception³ – as at 31-May-2017
Fund risk measures – as at 31-May-2017
Annual Standard Deviation 5.18
Beta 0.85

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

Volatility meter

Low to Medium

A fund’s volatility is determined using a statistical measure called “standard deviation". Standard deviation measures the amount of variability of returns that has historically occurred relative to the average return. The higher the standard deviation of a fund, the greater the range of returns it has experienced in the past. Other types of risk, both measurable and non-measurable, exist. In addition, just as historical performance may not be indicative of future returns, a fund’s historical volatility may not be indicative of its future volatility.

PM - Stein Wolf - A team approach to asset allocation - EN

Fund facts

NAVPU – Series B

$27.93 – as at 21-Jun-2017

Series inception date


Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$5.624 billion
as at 31-May-2017

Management expense ratio - Series B

2.23% – as at 30-Jun-2016

Quarterly Top Ten Holdings
Royal Bank of Canada  
Toronto-Dominion Bank  
Constellation Software  
Canadian Natural Resources  
TransCanada Corp.  
Total number of holdings 1,458
Top 10 holdings aggregate 25.7%
Allocation to funds

Asset Mix
as at 30-Apr-2017

  Current monthLast monthTwo months ago
Canadian Equities 51.9%52.4%52.6%
Canadian Bonds 22.2%22.3%22.6%
Foreign Equities 13.6%12.9%13.6%
Foreign Bonds 3.3%3.2%3.1%
High Yield Bonds 1.8%1.8%1.8%
Other Investments 0.8%1.0%0.9%
Cash & Other 6.5%6.5%5.4%

Equity Sector mix
as at 30-Apr-2017

Financials 19.3%20.2%19.5%
Energy 14.8%14.8%14.7%
Materials 9.6%9.8%10.0%
Consumer Staples 6.4%6.3%5.9%
Consumer Discretionary 4.7%4.3%4.2%
Information Technology 4.5%4.4%4.6%
Telecommunication Services 3.9%3.8%3.7%
Utilities 1.8%1.8%1.7%
Real Estate 1.6%1.5%1.6%