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Fidelity True North® Fund

Fund code: 225

  • NAV
    $53.93 $0.53 / 0.99%
    12-Aug-2022
  • Inception 20-Sep-1996
  • Benchmark S&P/TSX Capped Composite Index
  • Aggregate assets
    (all series)     $5.290B
    31-Jul-2022
  • MER 2.24%
    31-Dec-2021
  • Distributions
  • Morningstar category Canadian Equity
  • Also available through: Class CDN$ and Trust T-Series S5
  • 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†† (%) 31-Jul-2022

YTD 2022 2021 2020 2019 2018 2017 2016 2015
Fund -6.26 23.19 10.01 17.23 -5.04 4.87 9.97 -1.89

Standard period returns†† (%) 31-Jul-2022

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Inception
Fund 4.48 -3.28 -5.26 -0.96 9.85 8.41 9.01 8.55

Why invest in this fund?

  • An excellent Canadian equity core holding. 
  • Seeks to invest in companies that are expected to grow over the long term and that are trading at reasonable valuations.
  • Investments focused primarily in Canada.

Risk measures (%) 31-Jul-2022

Fund
Annualized standard deviation 14.36
Beta 0.82
R² 0.96

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 (%)

30-Jun-2022

Sector mix (%)

30-Jun-2022
12 months ago Last month Current month
Financials 30.2 27.1 25.6
Industrials 14.0 14.3 15.6
Energy 8.0 11.9 11.1
Materials 8.8 9.7 9.3
Information Technology 13.2 9.2 9.1
Consumer Staples 5.2 6.1 6.3
Consumer Disc. 7.5 5.9 5.9
Communication Services 3.8 3.8 4.4
Utilities 2.9 2.8 3.3
Health Care 1.7 2.2 2.3
Real Estate 1.5 2.0 2.0

Top ten holdings

  1. Royal Bank of Canada
  2. Canadian Pacific Railway
  3. Toronto-Dominion Bank
  4. Dollarama
  5. CGI INC CL A SUB VTG
  6. Rogers Communication, Cl. B, Non Vtg
  7. Suncor Energy
  8. BROOKFIELD ASSET INC VTG CL A
  9. Canadian Natural Resources
  10. Nutrien
Total number of holdings 124
Top ten holdings aggregate 40.8%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Canadian Pacific Railway
  4. BROOKFIELD ASSET INC VTG CL A
  5. Dollarama
  6. Canadian Natural Resources
  7. Nutrien
  8. CGI INC CL A SUB VTG
  9. Suncor Energy
  10. Canadian National Railway
Total number of holdings 131
Top ten holdings aggregate 39.8%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. BROOKFIELD ASSET INC VTG CL A
  4. Canadian Pacific Railway
  5. CGI INC CL A SUB VTG
  6. Dollarama
  7. SHOPIFY INC CL A
  8. Canadian National Railway
  9. Suncor Energy
  10. Thomson Reuters
Total number of holdings 127
Top ten holdings aggregate 38.5%
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. BROOKFIELD ASSET INC VTG CL A
  4. Canadian Pacific Railway
  5. SHOPIFY INC CL A
  6. CGI INC CL A SUB VTG
  7. Dollarama
  8. Thomson Reuters
  9. Power Corporation of Canada, Sub Vtg
  10. Suncor Energy
Total number of holdings 130
Top ten holdings aggregate 36.1%
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