FBAL
  • NAV $13.13 22-Nov-2024
  • $0.07 / 0.53% Daily NAV change
  • 19.74% YTD return
  • MARKET PRICE 22-Nov-2024
  • $13.14   
  • Inception 21-Jan-2021
  • Net assets $1.866B
    22-Nov-2024
  • Units outstanding 142,050,000
    22-Nov-2024
  • Management fee 0.00% *
  • MER 0.41%
    31-Mar-2024
  • Investment program DRIP
  • Distributions
  • Benchmark Blended Index**
  • Exchange Cboe CA
  • CUSIP 315818104
  • Morningstar category Global Neutral Balanced
  • Also available through Trust CDN$
  • 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 (%) 31-Oct-2024

YTD 2024 2023 2022
ETF (NAV) 15.99 14.08 -9.67
ETF (Market price) 15.85 13.96 -9.49

Standard period returns (%) 31-Oct-2024

1 mo 3 mo 6 mo 1 yr 3 yr Inception†
ETF (NAV) 0.46 3.01 10.25 25.83 7.43 7.86
ETF (Market price) 0.39 2.91 10.13 25.73 7.42 7.78

Risk measures (%) 31-Oct-2024

Fund
Annualized standard deviation 9.92
Beta 0.96
R² 0.98

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 (%)

22-Nov-2024
  • Fund name Percentage
    Fidelity Systematic Canadian Bond Index ETF 27.5
    Fidelity Global Core Plus Bond ETF 8.8
  • Fund name Percentage
    Fidelity U.S. Momentum ETF 8.4
    Fidelity U.S. Value ETF 7.7
    Fidelity U.S. High Quality ETF 7.6
    Fidelity U.S. Low Volatility ETF 7.3
  • Fund name Percentage
    Fidelity Canadian Momentum ETF 3.8
    Fidelity Canadian High Quality ETF 3.7
    Fidelity Canadian Value ETF 3.6
    Fidelity Canadian Low Volatility ETF 3.5
  • Fund name Percentage
    Fidelity International Momentum ETF 3.5
    Fidelity International High Quality ETF 3.3
    Fidelity International Low Volatility ETF 3.3
    Fidelity International Value ETF 3.2
  • Fund name Percentage
    Fidelity Advantage Bitcoin ETF® 3.3
  • Fund name Percentage
    Fidelity Global Small Cap Opportunities Fund 1.6
  • Fund name Percentage
    Canadian Dollar 0.0

Allocation

Country mix (%)

31-Oct-2024

Sector mix (%)

31-Oct-2024
12 months ago Last month Current month
Financials 10.8 12.6 12.9
Information Technology 9.7 10.1 10.1
Industrials 8.7 9.8 9.8
Consumer Disc. 4.8 5.3 5.2
Consumer Staples 4.6 4.8 4.7
Energy 5.1 4.4 4.6
Health Care 4.5 3.3 3.3
Utilities 1.8 3.2 3.2
Materials 4.2 3.1 3.2
Communication Services 2.0 2.3 2.3
Real Estate 1.9 0.7 0.7
Multi Sector 0.2 0.2 0.2

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 at June 30, 2024, Geode manages over $1.3 trillion.