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-Jan-2017

1 month 0.01% 3
3 month -0.32% 4
6 month -0.17% 4
1 year 8.48% 4
2 year 1.80% 4
3 year 4.81% 3
5 year 4.89% 4
7 year 4.87%
10 year 3.60% 3
YTD 0.01% 3
Since Inception 7.85%

Calendar year performance – as at 31-Jan-2017

Calendar year performance – as at 31-Jan-2017

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

Growth of $10,000 since inception³ – as at 31-Jan-2017
Fund risk measures – as at 31-Jan-2017
Annual Standard Deviation 5.32
Beta 0.86

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

$27.89 – as at 24-Feb-2017

Series inception date


Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$5.734 billion
as at 31-Jan-2017

Management expense ratio - Series B

2.23% – as at 30-Jun-2016

Quarterly Top Ten Holdings
Toronto-Dominion Bank  
Royal Bank of Canada  
Constellation Software  
TransCanada Corp.  
Bank of Nova Scotia  
Total number of holdings 1,737
Top 10 holdings aggregate 25.1%
Allocation to funds

Asset Mix
as at 31-Dec-2016

  Current monthLast monthTwo months ago
Canadian Equities 52.6%53.1%51.5%
Canadian Bonds 20.9%21.4%23.4%
Foreign Equities 12.6%14.4%14.5%
Foreign Bonds 4.3%3.1%2.0%
High Yield Bonds 1.8%1.8%2.2%
Other Investments 0.9%0.8%0.7%
Cash & Other 6.9%5.5%3.6%
Futures, Options and Swaps 2.1%

Equity Sector mix
as at 31-Dec-2016

Financials 20.0%21.4%19.7%
Energy 14.7%14.7%13.4%
Materials 9.1%9.1%9.9%
Consumer Staples 5.5%5.6%5.3%
Information Technology 4.3%5.0%5.2%
Consumer Discretionary 3.7%3.5%3.7%
Telecommunication Services 3.6%3.6%3.8%
Utilities 1.6%1.6%1.7%
Real Estate 1.5%1.5%1.5%
Health Care 1.1%1.3%
Industrials 1.3%