FBAL
  • NAV $10.23 26-May-2023
  • $0.04 / 0.37% Daily NAV change
  • 4.63% YTD return
  • MARKET PRICE 26-May-2023
  • $10.24   
  • Inception 21-Jan-2021
  • Net assets $208.0M
    26-May-2023
  • Units outstanding 20,325,000
    26-May-2023
  • Management fee 0.00% *
  • MER 0.40%
    30-Sep-2022
  • Investment program DRIP
  • Distributions
  • Benchmark Blended Index**
  • Exchange NEO Exchange
  • CUSIP 315818104
  • Morningstar category Global Neutral Balanced
  • Also available through: Trust CDN$
  • Get ETF Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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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 39% systematic and actively managed fixed income ETFs 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 build-in strategic asset allocation and consistent portfolio rebalancing.

Calendar returns (%) 30-Apr-2023

YTD 2023 2022
ETF (NAV) 6.97 -9.67
ETF (Market price) 6.94 -9.49

Standard period returns (%) 30-Apr-2023

1 mo 3 mo 6 mo 1 yr Inception†
ETF (NAV) 1.70 2.47 8.73 5.38 3.28
ETF (Market price) 1.75 2.54 8.83 5.56 3.21

Risk measures

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

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 (%)

26-May-2023
  • Fund name Percentage
    Fidelity Systematic Canadian Bond Index ETF 28.6
    Fidelity Global Core Plus Bond ETF 9.5
  • Fund name Percentage
    Fidelity U.S. High Quality Index ETF 7.7
    Fidelity U.S. Value Index ETF 7.5
    Fidelity U.S. Momentum Index ETF 7.5
    Fidelity U.S. Low Volatility Index ETF 7.4
  • Fund name Percentage
    Fidelity International Low Volatility Index ETF 3.8
    Fidelity International Momentum Index ETF 3.8
    Fidelity International High Quality Index ETF 3.7
    Fidelity International Value Index ETF 3.7
  • Fund name Percentage
    Fidelity Canadian Momentum Index ETF 3.7
    Fidelity Canadian Value Index ETF 3.6
    Fidelity Canadian High Quality Index ETF 3.6
    Fidelity Canadian Low Volatility Index ETF 3.5
  • Fund name Percentage
    Fidelity Advantage Bitcoin ETF(TM) 2.4
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.1

Allocation

Country mix (%)

30-Apr-2023

Sector mix (%)

30-Apr-2023
12 months ago Last month Current month
Financials 9.8 10.8 11.0
Information Technology 9.6 7.7 7.6
Industrials 5.2 6.9 6.9
Energy 4.0 6.2 6.3
Health Care 5.6 5.7 5.8
Materials 6.3 5.7 5.5
Consumer Disc. 4.2 5.4 5.3
Consumer Staples 5.4 4.2 4.3
Utilities 4.1 2.3 2.3
Real Estate 3.0 2.1 2.0
Communication Services 2.2 1.9 1.9
Multi Sector 0.1 0.3 0.3

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 of December 31, 2022, Geode manages over $866 billion.