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.
Fidelity Canadian Asset Allocation Fund
Performance
Annual compound performance (as at 28-Feb-2010)
| Fund | Morningstar Quartile* |
Benchmark | |
| 1 month | 3.22% | 1 | 3.28% |
| 3 month | 1.38% | 3 | 1.74% |
| 6 month | 5.16% | 3 | 6.48% |
| 1 year | 31.27% | 2 | 32.30% |
| 3 year | 1.66% | 1 | 1.64% |
| 5 year | 5.59% | 1 | 6.37% |
| 10 year | 4.91% | 3 | 5.82% |
| YTD | -0.08% | 3 | 0.26% |
| Since Inception | 9.44% | — | — |
Calendar year performance (as at 28-Feb-2010)
Growth of $10,000 since inception (as at 28-Feb-2010)
Fund risk measures
| Fund | Benchmark | |
| Annual Standard Deviation | 13.29 | 13.25 |
| Beta | 0.99 | — |
| R² | 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.
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Fund documents & commentary
Canadian Asset Allocation Team
- Bob Swanson (lead manager)
- Brian Miron
- Daniel Dupont
- Don Newman
- Bob Swanson (equities)
- Brian Miron (bonds)
- Jeffrey Moore (bonds)
Fund facts
NAVPU (as at 09 Mar. 2010)
$24.82 - Series B
Fund inception date
30 Dec. 1994
Fund benchmark
Blended Index**
Fund aggregate assets as at Jan 31, 2010 (all available series)
$11.244 billion
Management expense ratio - Series B
2.16% (as at 30 Jun. 2009)
Quarterly Top Ten Holdings
| Toronto-Dominion Bank | Commercial Banks |
| Royal Bank of Canada | Commercial Banks |
| Suncor Energy | Oil, Gas & Consumable Fuels |
| Canadian Natural Resources | Oil, Gas & Consumable Fuels |
| Manulife | Insurance |
| Goldcorp | Metals & Mining |
| Research In Motion | Communications Equipment |
| Barrick Gold | Metals & Mining |
| Rogers Communication, Cl. B, Non Vtg | Wireless Telecom Services |
| Potash Corp. of Saskatchewan | Chemicals |
| Top 10 holdings aggregate | 24.8% |
| Total bond holdings | 675 |
| Total equity holdings | 367 |
| Total number of holdings | 1,057 |
Allocation