Fund Details
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Fund Type: |
Canadian Neutral Balanced
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Fund Sub Type: |
Canadian Neutral Balanced
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Minimum Investment:
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$
500
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Management Fee: |
2.27%
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Inception Date:
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September 1998
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Portfolio Manager: |
Stephen Binder, Fidelity Investments Canada
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Brian Miron, Fidelity Investments Canada
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Harley Lank, Fidelity Investments Canada
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Assets: |
$1,616.4 Million
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Risk Return Characteristics:
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Average Monthly Return: |
0.54%
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Monthly Standard Deviation: |
2.70%
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Monthly Value Add to Benchmark:
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- 0.01%
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Tracking Error: |
0.51%
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Sharpe Ratio: |
0.13
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Information Ratio: |
- 0.01
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Alpha: |
0.05%
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Beta: |
0.90
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Minimum Monthly Return:
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- 9.92%
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Maximum Monthly Return: |
6.18%
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Number of Positive Months: |
41
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Chance of Positive Return: |
68.3%
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Number of Negative Months:
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19
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Chance of Negative Return:
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31.7%
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Minimum Monthly Value Add:
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- 0.84%
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Maximum Monthly Value Add:
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1.68%
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Number of Months in excess of Index:
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29
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Number of Months less than Index:
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31
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Chance of beating Index:
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48.3%
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Chance of not beating Index:
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51.7%
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Correlation to TSX: |
97.66%
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Correlation to S&P:
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54.72%
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Correlation to EAFE
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67.28%
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Correlation to SCMU: |
14.95%
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Investment Objective:
The Fund seeks to achieve high total investment return by allocating its assets among Canadian stocks, bonds, and short-term investments.
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| Historical Performance |
June 30, 2011 |
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Fund
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TSX
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S&P
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EAFE
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DEX
Bond Universe
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1 Month
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- 1.70%
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- 2.16%
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- 1.73%
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0.07%
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3 Month
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- 1.97%
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- 5.15% |
- 0.59%
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1.13%
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2.48%
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Year to Date
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1.04%
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2.47%
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1.82%
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2.20%
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1 Year
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14.22%
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20.87% |
18.34%
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18.56%
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4.67%
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2 Year
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11.65%
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16.33% |
11.36%
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7.43%
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5.77%
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3 Year
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3.05% |
0.19%
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1.36%
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- 3.19%
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6.18%
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5 Year
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6.19%
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5.67%
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- 0.05%
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- 0.96%
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6.02%
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10 Year
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6.91%
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8.05%
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- 1.82%
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1.45%
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6.45%
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Asset Mix |
As at: May 2011
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Cash
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6.1%
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Canadian Bonds
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45.2%
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Canadian Equity
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43.4%
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US Equity
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3.5%
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International Equity
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1.1%
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Other
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0.8%
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Geographic Breakdown |
As at: May 2011
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Canada
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91.1%
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US
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5.6%
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Europe
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0.8%
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Asia
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1.3%
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Other
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1.2%
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Comments/ Analysis:
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Fund Profile / Additional Fund Info:
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