FBAL
  • NAV $15.59 06-Nov-2026
  • increase
    $0.04 / 0.28% Daily NAV change
  • increase
    8.46% YTD return
  • MARKET PRICE 06-Nov-2026
  • $15.58   
  • Inception 21-Jan-2021
  • Net assets $10.705B
    06-Nov-2026
  • Units outstanding 686,800,000
    06-Nov-2026
  • Management fee 0.00% *
  • MER 0.40%
    31-Mar-2026
  • Investment program DRIP
  • Distributions
  • Benchmark Blended Index**
  • Rebalance frequency Annual
  • Exchange Cboe CA
  • CUSIP 315818104
  • Morningstar category Global Neutral Balanced
  • Also available through Trust CDN$ and Trust US$
  • Get ETF Facts
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Why invest in this fund?

  • A global multi-asset strategy designed with a neutral mix of approximately 59% equity factors and active equity, 39% systematic and active fixed income and 2% cryptocurrencies. 
  • A one-ticket solution diversified across regions, market caps and investment styles/factors, with the attractions of professional management.
  • A lower-cost* solution, designed with built-in strategic asset allocation and consistent portfolio rebalancing.

Calendar returns (%) 31-Oct-2026

YTD 2026 2025 2024 2023 2022
ETF (NAV) 8.31 13.04 19.42 14.08 -9.67
ETF (Market price) - - - - -

Standard period returns (%) 31-Oct-2026

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception†
ETF (NAV) 0.20 0.31 4.24 9.24 16.62 9.34 9.37
ETF (Market price) - - - - - - -

Risk measures (%) 30-Sep-2026

Fund
Annualized standard deviation 7.15
Beta 0.96
R² 0.93

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a low to medium volatility rating

Allocation to underlying funds (%)

06-Nov-2026
  • Fund name Percentage
    Fidelity U.S. High Quality ETF 7.6
    Fidelity U.S. Value ETF 7.5
    Fidelity U.S. Low Volatility ETF 7.5
    Fidelity U.S. Momentum ETF 7.4
  • Fund name Percentage
    Fidelity Systematic Canadian Bond Index ETF 26.9
    Fidelity Core U.S. Bond ETF 1.8
  • Fund name Percentage
    Fidelity Canadian Low Volatility ETF 3.8
    Fidelity Canadian Value ETF 3.7
    Fidelity Canadian Momentum ETF 3.6
    Fidelity Canadian High Quality ETF 3.6
  • Fund name Percentage
    Fidelity International High Quality ETF 3.8
    Fidelity International Value ETF 3.7
    Fidelity International Low Volatility ETF 3.6
    Fidelity International Momentum ETF 3.2
  • Fund name Percentage
    Fidelity Absolute Income Fund 4.5
    Fidelity Global Core Plus Bond ETF 4.5
  • Fund name Percentage
    Fidelity Advantage Bitcoin ETF® 2.0
  • Fund name Percentage
    Fidelity Global Small Cap Opportunities Fund 1.5
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.0

Allocation

Country mix (%)

31-Oct-2026

Sector mix (%)

31-Oct-2026
12 months ago Last month Current month
Financials down-up 13.6 12.4 12.8
Information Technology up-down 10.8 12.9 12.0
Industrials down-down 7.3 6.3 6.1
Energy up-up 3.0 5.3 5.8
Consumer Staples down-up 4.3 4.0 4.5
Materials up-down 4.4 5.3 4.4
Consumer Disc. up-up 3.9 4.1 4.2
Health Care down-up 3.7 3.1 3.3
Real Estate up-flat 2.7 3.3 3.3
Utilities down-up 3.9 2.3 2.4
Communication Services down-down 3.4 2.1 2.0
Multi Sector down-flat 0.3 0.2 0.2

Portfolio manager

Managed by Geode - Geode Capital Management is a global systematic investment manager. With a robust infrastructure and talented investment professionals, Geode offers clients the scale of a large asset management firm, with the benefits of a versatile investment platform – flexibility and customization. Geode is able to offer institutional investors the essential building blocks for today’s changing investment landscape.

As at June 30, 2026, Geode manages over $2.2 trillion.