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Fidelity Canada Fund (FICDX) in Focus


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Fidelity Canada (FICDX - MF report) a Zacks Rank #2 (Buy) was incepted in November 1987 and is managed by Fidelity Group. The objective of FICDX is to seek long term capital growth. FICDX invests at least 80% of assets in Canadian issuers. This fund invests primarily in common stocks. FICDX may invest up to 35% of total assets in any industry that accounts for more than 20% of the Canadian market. FICDX offers dividends and capital gains annually in December.

This fund, as of the last filing, allocates their fund in four major groups; Large Value, Emerging Market, Foreign Stock and Precious Metal. Further, as of the last filing, Royal Bank of Canada, Toronto-Dominion Bank and Canadian National Railway were the top holdings for FICDX.

Fidelity Canada, managed by Fidelity, carries an expense ratio of 1.26%. Moreover, FICDX requires a minimal initial investment of $2,500.

FICDX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 13.31%, 3 year 1.15% and 5 year 4.28%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

FICDX’s performance, as of the last filing, when compared to funds in its category was in the top 24% in 1 year, top 39% over the past 3 years, and in the 77% over the past 5 years.

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