Fidelity Global Monthly Income Currency Neutral Fund

Investment Strategy

Provides access to a diversified portfolio of global asset classes that aims to deliver a combination of income and capital growth.

Currency Neutral Funds use derivatives to mitigate the Fund's exposure to changes in exchange rates between developed market currencies and the Canadian dollar. The investment approach used by the Funds, while effective in reducing exchange rate risk, will not completely eliminate the impact of currency fluctuations. The Fund's returns will differ from the local currency returns of its underlying fund.


Performance for this series is not available at this time.


Annual compound performance – as at 30-Sep-2017

1 month 0.70% 3
3 month 1.45% 1
6 month 3.29% 1
1 year 5.69% 1
2 year
3 year
5 year
7 year
10 year
YTD 5.87% 1
Since Inception 8.63%

Calendar year performance – as at 30-Sep-2017

Calendar year performance – as at 30-Sep-2017

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

Growth of $10,000 since inception³ – as at 31-Aug-2017
Fund risk measures

Fund risk measures not yet available

Risk measures cannot be calculated on funds that are less than three years old. This Fund does not yet meet the required criteria.

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.

Fund facts

NAVPU – Series B

$11.01 – as at 18-Oct-2017

Series inception date


Fund benchmark

Blended index**

Fund aggregate assets (all series)

$83.1 million
as at 30-Sep-2017

Management expense ratio - Series B

2.28% – as at 30-Sep-2016

Quarterly Top Ten Holdings
J. P. Morgan Chase  
Micro Focus  
British American Tobacco  
Bank of America  
Total number of holdings 2,620
Top 10 holdings aggregate 7.9%
Allocation to funds

Asset Mix
as at 31-Aug-2017

  Current monthLast monthTwo months ago
Foreign Equities 43.3%43.4%40.9%
Foreign Bonds 35.1%34.0%34.4%
High Yield Bonds 8.6%9.1%8.9%
Convertibles 4.1%4.1%4.1%
Canadian Equities 2.1%2.1%1.9%
Investment Grade CMBS 1.0%1.1%1.1%
Other Investments 0.9%0.8%1.1%
Cash & Other 4.9%5.5%7.7%

Top historical sector mix (%)
as at 31-Aug-2017

Information Technology 7.9%7.7%7.6%
Real Estate 7.1%7.0%7.3%
Consumer Staples 6.5%6.5%5.5%
Financials 6.5%6.5%6.1%
Health Care 5.4%5.6%5.6%
Consumer Discretionary 4.6%4.6%4.5%
Industrials 4.0%4.0%3.4%
Energy 3.7%3.7%2.9%
Telecommunication Services 1.8%1.8%1.5%
Materials 1.6%1.6%1.5%

Country mix (%)
as at 31-Aug-2017

United States 51.7%52.3%54.4%
Japan 8.8%8.8%8.9%
Canada 7.2%6.0%5.3%
United Kingdom 7.2%8.0%7.3%
Netherlands 3.5%3.6%3.2%
Switzerland 1.9%1.9%1.8%
Mexico 1.4%1.4%1.5%
France 1.4%1.6%1.5%
Italy 1.3%1.1%
Ireland 1.3%1.1%1.1%