Units, Fund Shares, Shares Outstanding, Investors, Participants
100
Do investors buy a sub portfolio?
No
100
How many new hires are there in this class that are in the FIC Fund Accounting Team?
2
Ellias Fessahaie
Samuel Bruns
200
Do you buy into a Class or Fund?
Class
200
What does FIC stand for?
Fidelity Investments Canada
200
What is TNA?
TNA (Total Net Assets) = Market Value + Non Market Value + Assets - Liabilities
200
What is the purpose of a sub portfolio?
The intention of each sub portfolio is to track the Portfolio Manager’s performance.
200
Is Fidelity private or public?
Private
300
Fund Accountings work the most with this part of the NAV equation.
Net Other Assets - NOA
300
What is 1 product types that FIC services?
Retail Accounts, Defined Benefit Pools and Separate Accounts
300
What is Market Value?
Value of all securities held by the fund
300
The sum of all the sub portfolios will not equal the value of the parent fund that investors buy.
False
300
What is InvestOne?
Fidelity's official books and records for many of it's funds.
400
What is a NAV?
Net Asset Value - The price of a mutual fund
400
What is a Separate Account?
An account which fidelity is not the official books and records for. Fidelity provides services including a performance NAV for these accounts.
400
What is another name for Total Net Assets?
Shareholder's Equity
400
How many sub portfolio's were in the example in the presentation?
3
400
What is a mutual fund?
Mutual funds are investment strategies that allow you to pool your money together with other investors to purchase a collection of stocks, bonds, or other securities that might be difficult to recreate on your own.
500
What is the NAV equation?
NAV = (Market Value + Net Other Assets) / Shareholder
500
How many NAVs does FIC have?
Approximately 1827
500
What is NOA?
Cash + Assets – Liabilities (everything outside of Market Value)
500
Why would a fund have sub portfolios?
When a fund has a large objective, many times more defined sections are managed by Portfolio Managers called sub portfolios.