Fund code: 6558

  • NAV $25.13 -$0.29 / -1.15%
    15-Apr-2024
  • Inception 16-Jan-2019
  • Benchmark Blended index **
  • Aggregate assets
    (all series)
    $749.2M
    31-Mar-2024
  • MER 2.22%
    30-Nov-2023
  • Distributions
  • Morningstar category North American Equity
  • Also available through Class US$, Class currency neutral and Class 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-Mar-2024

YTD 2024 2023 2022 2021 2020
Fund 13.28 16.34 -14.46 12.38 19.45

Standard period returns (%) 31-Mar-2024

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception
Fund 3.73 13.28 24.79 22.32 6.41 9.39 11.11

Why invest in this fund?

  • Diversified all-cap North American equity strategy that aims to achieve strong risk-adjusted returns.
  • Combines two complementary investment approaches to help generate alpha and lower volatility throughout a market cycle.
  • Managed by two experienced Fidelity portfolio managers and backed by Fidelity’s strong global research platform.

Risk measures (%) 31-Mar-2024

Fund
Annualized standard deviation 14.15
Beta 0.91
0.86

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 (%)

29-Feb-2024

Country mix (%)

29-Feb-2024

Sector mix (%)

29-Feb-2024
12 months ago Last month Current month
Industrials 27.5 27.0 27.3
Information Technology 19.0 18.9 18.0
Consumer Disc. 15.3 13.4 12.0
Health Care 8.9 10.2 11.2
Financials 9.1 4.8 6.5
Energy 2.8 6.1 6.1
Consumer Staples 3.0 6.0 5.4
Communication Services 6.9 3.3 3.5
Materials 4.2 2.4 2.2
Utilities 0.8 2.2 1.9
Multi Sector 1.0 0.9 1.9
Real Estate 0.2 0.5 0.5

Top ten holdings

  1. Canadian Pacific Kansas City Limited
  2. Shopify
  3. Grand Canyon Education
  4. Service Corporation International
  5. Charles River Laboratories
  6. Nvidia
  7. Alimentation Couche-Tard
  8. Cameco
  9. Chemed Corporation
  10. Meta Platforms
Total number of holdings 199
Top ten holdings aggregate 23.3%
  1. Charles River Laboratories
  2. Shopify
  3. Service Corporation International
  4. Grand Canyon Education
  5. ASGN Incorporated
  6. Coty
  7. Canadian Pacific Kansas City Limited
  8. Nvidia
  9. Cooper Companies
  10. Cameco
Total number of holdings 201
Top ten holdings aggregate 28.6%
  1. Service Corporation International
  2. Grand Canyon Education
  3. Nvidia
  4. Canadian Pacific Kansas City Limited
  5. Shopify
  6. ASGN Incorporated
  7. Charles River Laboratories
  8. Genpact
  9. Canadian Natural Resources
  10. Cameco
Total number of holdings 188
Top ten holdings aggregate 26.2%
  1. APi Group
  2. Service Corporation International
  3. Insperity
  4. Charles River Laboratories
  5. Canadian Pacific Kansas City Limited
  6. CBIZ
  7. Nvidia
  8. Shopify
  9. Cooper Companies
  10. Grand Canyon Education
Total number of holdings 176
Top ten holdings aggregate 27.8%
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