Fund code: 6518

  • NAV $13.05 $0.01 / 0.08%
    27-May-2024
  • Inception 24-Jan-2019
  • Benchmark Fidelity Canada Canadian Low Volatility Index
  • Aggregate assets
    (all series)
    $7.0M
    30-Apr-2024
  • MER 1.67%
    30-Sep-2023
  • Distributions
  • Morningstar category Canadian Equity
  • Also available through ETF CDN$
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 30-Apr-2024

YTD 2024 2023 2022 2021 2020
Fund 1.99 4.14 -2.77 22.70 -5.42

Standard period returns (%) 30-Apr-2024

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception
Fund -2.85 1.20 12.84 1.07 4.87 4.72 5.83

Why invest in this fund?

  • Single-factor exposure to companies with lower volatility than the broader Canadian equity market.
  • An outcome-oriented approach that seeks to provide market-like returns with lower volatility.
  • An efficient complement to a well-diversified portfolio.
  • See important closure notice*

Risk measures (%) 30-Apr-2024

Fund
Annualized standard deviation 11.54
Beta 0.99
1.00

Risk classification

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

This fund has a medium volatility rating

Allocation

Asset mix (%)

31-Mar-2024

Sector mix (%)

31-Mar-2024
12 months ago Last month Current month
Financials 36.5 25.1 25.5
Industrials 7.3 21.4 21.5
Energy 11.1 11.2 11.7
Consumer Staples 10.9 10.6 10.4
Utilities 10.4 9.4 9.3
Real Estate 7.3 7.5 7.4
Communication Services 9.2 7.6 7.0
Materials 6.7 4.1 4.4
Information Technology 0.3 2.6 2.5
Multi Sector - 0.4 0.3
Consumer Disc. - - -
Health Care - - -

Top ten holdings

  1. Royal Bank of Canada
  2. Canadian Pacific Kansas City Limited
  3. Canadian National Railway
  4. Toronto-Dominion Bank
  5. Loblaw
  6. Metro
  7. Fortis
  8. Waste Connections
  9. Emera
  10. Saputo
Total number of holdings 69
Top ten holdings aggregate 38.3%
  1. Royal Bank of Canada
  2. Canadian National Railway
  3. Toronto-Dominion Bank
  4. Canadian Pacific Kansas City Limited
  5. Loblaw
  6. Fortis
  7. Metro
  8. Hydro One
  9. Rogers Communication, Cl. B, Non Vtg
  10. Emera
Total number of holdings 69
Top ten holdings aggregate 38.6%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Canadian Pacific Kansas City Limited
  4. Canadian National Railway
  5. Metro
  6. Loblaw
  7. Fortis
  8. Saputo
  9. Hydro One
  10. Emera
Total number of holdings 69
Top ten holdings aggregate 38.6%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Fortis
  4. Metro
  5. Loblaw
  6. Bank of Montreal
  7. Emera
  8. Bank of Nova Scotia
  9. Empire Company
  10. BCE
Total number of holdings 64
Top ten holdings aggregate 41.1%
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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.