In September, the most-viewed funds among investors visiting Morningstar.ca were Fidelity Global Innovators Class and RBC Global Precious Metals Fund.
Here we highlight these names, other popular funds, Morningstar’s ratings for those funds and their recent performance. These were the most visited open-ended and exchange-traded funds on our Canadian website during the month.
The best performer among these funds was the C$14.3 billion Fidelity Global Innovators Class which gained 3.35% for the month. The worst performer, the C$1.5 billion Canoe Defensive International Equity Fund, increased 0.65%.Over the past year, the Fidelity International fund grew 61.15% while the Canoe Financial strategy climbed 24.60%.
These were readers’ most-viewed funds in September.
• Fidelity Global Innovators Class
• RBC Global Precious Metals Fund
• Canoe Global Equity Fund
• Edgepoint Canadian Growth & Income Portfolio
• Fidelity Insights Class
• Fidelity Canadian Growth Company Fund
• Canoe Defensive International Equity Fund
• Fidelity ClearPath 2035 Portfolio
• Fidelity American Disciplined Equity Fund
• Beutel Goodman Fundamental Canadian Equity Fund
The Most Viewed Canadian Funds in September
Fidelity Global Innovators Class
• Morningstar Medalist Rating for Fidelity Global Innovators Cl F: Silver
• Morningstar Category: Global Equity
In September, the Fidelity Global Innovators Class rose 3.35%, while the average global equity fund gained 2.00%. The fund placed in the 8th percentile for performance and beat its benchmark, the NASDAQ Composite Index, by 0.35 percentage points.
The C$14.3 billion fund has climbed 39.47% in the year to date, outperforming the average fund in its category, which rose 17.68%. The Fidelity International fund, which launched in November 2017, has climbed 14.15% over the past three years and grown 26.57% over the past five years on an annualized basis.
RBC Global Precious Metals Fund
• Morningstar Medalist Rating for RBC Global Precious Metals Fund F: Gold
• Morningstar Category: Precious Metals Equity
The RBC Global Precious Metals Fund gained 3.24% in September, underperforming the average fund in the precious metals equity category, which rose 3.81%. The fund placed in the 63rd percentile for performance and beat its benchmark, the S&P/TSX Global Gold Index, by 1.52 percentage points.
The C$727.8 million fund has gained 33.62% in the year to date, while the average fund in its category is up 32.12%. The RBC fund, which launched in August 2001, has climbed 9.29% over the past three years and gained 11.39% over the past five years on average.
Canoe Global Equity Fund
• Morningstar Medalist Rating for Canoe Global Equity F: Silver
• Morningstar Category: Global Equity
The C$1.6 billion Canoe Global Equity Fund rose 1.56% in September. The gain on the fund was shy of the 2.00% gain on the average fund in the global equity category, leaving it in the 66th percentile for performance. In the year to date, the Canoe Financial fund rose 17.19%, while the average fund in its category rose 17.68%. The fund, which launched in October 2011, has climbed 9.17% over the past three years and gained 11.82% over the past five years on an annualized basis.
Edgepoint Canadian Growth & Income Portfolio
• Morningstar Medalist Rating for EdgePoint Cdn Growth & Income Port Sr A: Bronze
• Morningstar Category: Canadian Equity Balanced
In September, the Edgepoint Canadian Growth & Income Portfolio rose 1.92%, while the average Canadian equity balanced fund gained 2.32%. The fund placed in the 76th percentile for performance. The C$3 billion fund has climbed 13.05% in the year to date, performing roughly in line with the average fund in its category, which rose 12.54%. The EdgePoint fund, which launched in November 2008, has climbed 11.02% over the past three years and gained 11.15% over the past five years on an annualized basis.
Fidelity Insights Class
• Morningstar Medalist Rating for Fidelity Insights Class A: Bronze
• Morningstar Category: US Equity
The Fidelity Insights Class gained 1.82% in September, underperforming the average fund in the US equity category, which rose 1.94%. The fund placed in the 59th percentile for performance and lagged its benchmark, the S&P 500 Index, by 0.56 percentage points.
The C$9.4 billion fund has gained 31.00% in the year to date, while the average fund in its category is up 20.55%. The Fidelity International fund, which launched in January 2017, has climbed 12.33% over the past three years and gained 16.37% over the past five years on average.
Fidelity Canadian Growth Company Fund
• Morningstar Medalist Rating for Fidelity Canadian Growth Company Sr F: Bronze
• Morningstar Category: Canadian Focused Equity
In September, the Fidelity Canadian Growth Company Fund rose 2.21%, while the average Canadian focused equity fund gained 2.44%. The fund placed in the 68th percentile for performance. The C$11.3 billion fund has climbed 25.35% in the year to date, outperforming the average fund in its category, which rose 16.26%. The Fidelity International fund, which launched in October 2000, has climbed 12.11% over the past three years and gained 17.32% over the past five years on an annualized basis.
Canoe Defensive International Equity Fund
• Morningstar Medalist Rating for Canoe Defensive International Eq F: Silver
• Morningstar Category: International Equity
In September, the Canoe Defensive International Equity Fund rose 0.65%, while the average international equity fund gained 1.08%. The fund placed in the 67th percentile for performance and lagged its benchmark, the MSCI EAFE Index, by 0.52 percentage points.
The C$1.5 billion fund has climbed 13.79% in the year to date, performing roughly in line with the average fund in its category, which rose 13.76%. The Canoe Financial fund, which launched in January 2017, has climbed 7.00% over the past three years and grown 10.10% over the past five years on an annualized basis.
Fidelity ClearPath 2035 Portfolio
• Morningstar Medalist Rating for Fidelity ClearPath 2035 Port Series B: None
• Morningstar Category: 2035 Target Date Portfolio
The C$2.4 billion Fidelity ClearPath 2035 Portfolio rose 2.28% in September. The gain on the fund beat the 2.12% gain on the average fund in the 2035 target date portfolio category, leaving it in the 18th percentile for performance. In the year to date, the Fidelity International fund rose 13.57%, while the average fund in its category rose 11.81%. The fund, which launched in November 2005, has climbed 4.29% over the past three years and gained 7.21% over the past five years on an annualized basis.
Fidelity American Disciplined Equity Fund
• Morningstar Medalist Rating for Fidelity American Disciplined Eq Sr A: Neutral
• Morningstar Category: US Equity
The Fidelity American Disciplined Equity Fund gained 2.32% in September, outperforming the average fund in the US equity category, which rose 1.94%. The fund placed in the 29th percentile for performance and performed roughly in line with its benchmark, the S&P 500 Index.
The C$1.5 billion fund has gained 25.89% in the year to date, while the average fund in its category is up 20.55%. The Fidelity International fund, which launched in July 2002, has climbed 13.34% over the past three years and gained 15.33% over the past five years on average.
Beutel Goodman Fundamental Canadian Equity Fund
• Morningstar Medalist Rating for Beutel Goodman Fundamental Cdn Eq Cl F: Bronze
• Morningstar Category: Canadian Equity
The C$2.1 billion Beutel Goodman Fundamental Canadian Equity Fund rose 2.24% in September. The gain on the fund was shy of the 2.84% gain on the average fund in the Canadian equity category, leaving it in the 83rd percentile for performance. The fund lagged its benchmark, the S&P/TSX Composite Index, by 0.91 percentage points.
In the year to date, the Beutel Goodman fund rose 10.32%, while the average fund in its category rose 15.92%. The fund, which launched in June 2014, has climbed 7.56% over the past three years and increased 8.29% over the past five years on an annualized basis.
This article was generated with the help of automation and reviewed by Morningstar editors.
