Returns as at April 30, 2013

*MSCI World ($ Cdn)

Growth of $10,000

Risk Measures as at April 30, 2013

Best/Worst 12 months (since inception)

Best (ending Sep 12):	25.48
Worst (ending May 12):	-14.37

Volatility meter (Based on 2 year standard deviation from GlobeInvestor.com)

Low  High

Fund Objectives

The fund aims to invest in sectors in approximately the same proportions as those sectors are represented in the MSCI All Country World Index. Members of a team of sector portfolio managers are assigned to each sector. They choose investments for their sector based on a thorough review of each company's management, financial conditions and potential for earnings growth over the long term. Specific investments made by the fund may or may not be included in the MSCI All Country World Index. If the investment is not included in the index, the portfolio managers can decide which sector it belongs to. The portfolio managers regularly review the target allocations and rebalance the allocations, when necessary.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

-

Subsequent:

-

Min. Invest (initial RRSP):

-

Subsequent RRSP:

-

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at March 31, 2013

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at May 17, 2013 1 Year Performance (%)
SLB-N	Schlumberger Ltd.	Oil and Gas Field Services	Netherlands	Stock	2.76		20.86
-	Anheuser-Busch InBev NV	Breweries & Beverages	Belgium	Stock	2.7		-
CVS-N	CVS Caremark	Specialty Stores	United States	Stock	2.66		32.75
XOM-N	Exxon Mobil	Integrated Oils	United States	Stock	1.88		13.56
SMFG-N	Sumitomo Mitsui Financial Grp	Management and Diversified	Japan	Stock	1.74		59.04
COF-N	Capital One Financial	Finance and Leasing	United States	Stock	1.68		25.81
JPM-N	JP Morgan Chase & Co.	Banks	United States	Stock	1.65		56.14
-	Japan Tobacco Inc.	Tobacco	Japan	Stock	1.62		-
-	Mitsui Fudosan Company	Property Mgmnt & Investment	Japan	Stock	1.56		-

Portfolio Manager(s)

John Power, MBA

Fidelity Investments Canada ULC

Start Date: April, 2011

Fund Return: 6.06%

Mr. Power joined Fidelity in February 2005 as assistant group leader for Fidelity Management & Research Company. He helped build and communicate Fidelity¿s institutional equity management capabilities. He assumed management responsibilities for Fidelity Growth America Fund and sub-portfolio duties on Fidelity International Portfolio Fund as of January 2006. Mr. Power assumed his role as senior vice president in December 2005. Prior to joining Fidelity, Mr. Power was a principal and member of the Investment Strategy Committee at Oechsle International Advisors in Boston. In this role, he ran the firm¿s risk management process and worked closely with the firm¿s clients and industry consultants. From 1997 to 2000, he served as head of fixed-income for Santander Global Advisors in Boston. In 1997, he also served as vice president and senior portfolio manager for the Boston firm Standish, Ayer & Wood. Mr. Power was with Baring Asset Management from 1987 to 1997, serving as senior vice president and head of North American Fixed- Income in both Boston and London. Mr. Power worked in various analyst positions from 1982 through 1987 at the Manufacturers Hanover Trust Co. in New York, Regulatory Research Associates in Jersey City, New Jersey, and Colonial Management in Boston. Born in 1960, Mr. Power received a bachelor of arts degree in economics from Middlebury College in 1982 and received an MBA from The Wharton School at the University of Pennsylvania in 1986.

Also manages:Fidelity U.S. Equity CN Prv Pool-B, Fidelity U.S. Equity Private Pool-B, Pyramis U.S. Large Cap Core Trust, Pyramis US Large Cap Core N-R Trust

View fund manager performance report