Fidelity American Balanced Currency Neutral Fund

Investment Strategy

Aims to achieve long-term capital growth by investing across a range of equities and fixed-income securities in the U.S. and 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 cannot be shown until one year after the Fund's inception.

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.

Allocation to funds

Asset Mix
as at 30-Apr-2017

  Current monthLast monthTwo months ago
Foreign Equities 58.3%60.7%60.1%
Foreign Bonds 18.9%19.0%19.5%
High Yield Bonds 5.0%5.2%5.1%
Investment Grade CMBS 1.4%1.4%1.6%
Canadian Equities 1.1%
Other Investments 0.7%1.6%1.6%
Cash & Other 14.7%12.0%12.1%

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

Consumer Discretionary 13.9%14.9%15.3%
Health Care 13.0%13.9%13.8%
Industrials 7.2%7.3%7.1%
Information Technology 7.0%7.2%6.5%
Financials 5.4%6.2%6.0%
Consumer Staples 4.6%5.0%4.8%
Utilities 3.0%2.9%3.0%
Materials 2.1%2.4%2.4%
Multi Sector 1.8%
Energy 1.1%1.1%

Fund facts

NAVPU – Series B

$11.06 – as at 21-Jun-2017

Series inception date


Fund benchmark


Fund aggregate assets (all series)

$18.3 million
as at 31-May-2017

Management expense ratio - Series B

2.31% – as at 30-Sep-2016

Quarterly Top Ten Holdings
HCA Holdings  
Cardinal Health  
CMS Energy  
LKQ Corporation  
Charles River Laboratories  
CVS Health  
Total number of holdings 2,379
Top 10 holdings aggregate 17.0%