Fidelity NorthStar® Balanced Currency Neutral Fund

Investment Strategy

Fidelity NorthStar® Balanced Fund is a balanced solution that offers investors the potential for long-term capital growth. The Fund employs a flexible approach that draws on the portfolio managers' best ideas across an expansive range of equity securities and fixed-income asset classes from around the world.

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 30-Sep-2017

PERIOD Fund
1 month 0.04% 4
3 month 0.63% 2
6 month 1.57% 2
1 year 2.57% 4
2 year 3.04% 4
3 year 3.49% 4
5 year
7 year
10 year
YTD 3.36% 3
Since Inception 3.66%

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 – as at 30-Sep-2017
  Fund
Annual Standard Deviation 3.11
Beta 0.50
0.64

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.

Fund facts

NAVPU – Series B

$11.28 – as at 18-Oct-2017

Series inception date

28-May-2014

Fund benchmark

None

Fund aggregate assets (all series)

$815.8 million
as at 30-Sep-2017

Management expense ratio - Series B

2.30% – as at 30-Sep-2016

 
Quarterly Top Ten Holdings
Anthem  
Seria Co.  
Gilead Sciences  
Ottogi  
NXP SEMICONDUCTORS NV  
Akorn  
Bed Bath & Beyond  
Hon Hai Precision  
MONSANTO CO  
Hyundai Mobis  
Total number of holdings 1,743
Top 10 holdings aggregate 9.4%
Allocation to funds

Asset Mix
as at 31-Aug-2017

  Current monthLast monthTwo months ago
Foreign Equities 31.3%32.0%30.2%
Foreign Bonds 30.2%29.7%29.6%
High Yield Bonds 16.6%16.7%16.8%
Other Investments 0.7%0.7%0.7%
Cash & Other 21.3%20.9%22.8%

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

Consumer Discretionary 7.7%7.8%8.2%
Health Care 7.6%7.5%7.3%
Consumer Staples 3.9%4.7%3.9%
Information Technology 3.7%3.9%3.4%
Industrials 3.3%3.3%3.0%
Financials 2.0%2.0%1.8%
Materials 1.5%1.4%1.2%
Energy 1.0%1.0%0.9%

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

United States 70.9%69.7%71.4%
Japan 6.8%6.5%6.3%
South Korea 3.3%3.4%3.2%
United Kingdom 2.3%2.3%2.2%
Canada 2.0%2.8%2.2%
Netherlands 1.9%1.9%1.3%
Mexico 1.5%1.5%1.5%
Taiwan 1.4%1.4%1.4%
Hong Kong 1.3%1.3%1.3%
France 1.2%1.3%1.2%
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