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Investment Objective
The objective of the Desjardins Fidelity True North® Fund is to provide unitholders with long-term capital growth. To do so, the Fund invests its total assets in a group of funds comprising mainly Canadian equities.
Investment Strategies
To achieve the Fund’s objective, the portfolio manager:
 | Selects companies with healthy balance sheets that are leaders in their respective sectors, taking into account the economic environment and market conditions;
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| May invest in small, medium and large companies;
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| May invest in cash and fixed-income securities;
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| May use derivatives to cover any potential losses caused by stock price or exchange rate fluctuations;
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| May invest up to 30% of the portfolio in foreign assets;
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| May undertake securities lending transactions to generate additional income. |
What Are the Risks of investing in This Fund?
Although the risk level of the Desjardins Fidelity True North® Fund remains medium, the risks related to interest rates, credit, securities lending transactions, international equities, currencies, derivatives, common shares, small caps, class units, liquidity, repurchase agreements and specialized markets should be taken into account.
Who Should Invest in This Fund?
The Desjardins Fidelity True North® Fund is ideal for investors with high risk tolerance seeking long-term capital growth. The Fund is also suitable for investors looking to include U.S. equities in their portfolios.
Portfolio Manager
Fidelity Investments Canada
Fund Information
Type of fund
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Canadian equity fund
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Inception
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January 12, 2004
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Type of securities
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Mutual fund units
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Eligibility
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100% eligible for RRSPs, LIRAs, RRIFs, LIFs, DPSPs, RESPs
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Management expense ratio
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2.49%
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Income distribution frequency
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Annual
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Capital gains distribution frequency
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Annual
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* Fidelity True North® and Fidelity Investments are registered trademarks owned by FMR Corp.
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