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

Performance for this series is not available at this time.

Performance

Annual compound performance – as at 31-Jul-2017

PERIOD Fund
1 month 0.40% 1
3 month 0.96% 1
6 month 4.71% 1
1 year 5.37% 1
2 year
3 year
5 year
7 year
10 year
YTD 4.78% 1
Since Inception 8.98%

Calendar year performance – as at 31-Jul-2017

Calendar year performance – as at 31-Jul-2017

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

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

$10.76 – as at 18-Aug-2017

Series inception date

28-Jun-2016

Fund benchmark

Blended index**

Fund aggregate assets (all series)

$63.6 million
as at 31-Jul-2017

Management expense ratio - Series B

2.28% – as at 30-Sep-2016

 
Quarterly Top Ten Holdings
Apple  
Micro Focus  
Chevron  
Microsoft  
Amgen  
Bank of America  
J. P. Morgan Chase  
GlaxoSmithKline  
Wells Fargo  
American Tower  
Total number of holdings 3,006
Top 10 holdings aggregate 7.2%
Allocation to funds

Asset Mix
as at 30-Jun-2017

  Current monthLast monthTwo months ago
Foreign Equities 40.9%43.5%43.9%
Foreign Bonds 34.4%34.7%32.9%
High Yield Bonds 8.9%9.3%9.7%
Convertibles 4.1%4.0%4.4%
Canadian Equities 1.9%2.0%1.9%
Other Investments 1.1%0.9%1.6%
Investment Grade CMBS 1.1%1.1%1.2%
Cash & Other 7.7%4.4%4.5%

Top historical sector mix (%)
as at 30-Jun-2017

Information Technology 7.6%8.3%8.5%
Real Estate 7.3%7.2%7.1%
Financials 6.1%6.3%7.1%
Health Care 5.6%5.7%5.8%
Consumer Staples 5.5%6.0%6.1%
Consumer Discretionary 4.5%5.1%5.0%
Industrials 3.4%3.8%3.7%
Energy 2.9%3.1%3.4%
Telecommunication Services 1.5%1.6%1.5%
Materials 1.5%1.5%1.5%

Country mix (%)
as at 30-Jun-2017

United States 54.4%51.3%52.6%
Japan 8.9%7.2%7.0%
United Kingdom 7.3%8.8%8.5%
Canada 5.4%6.0%3.9%
Netherlands 3.2%2.6%2.3%
Switzerland 1.8%1.6%
France 1.5%1.7%1.7%
Mexico 1.5%1.3%
Hong Kong 1.3%1.4%1.4%
Israel 1.1%
Germany 1.3%2.8%
Ireland 1.5%
Italy 1.3%
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