• NAV $11.18 16-Jul-2024
  • $0.13 / 1.20% Daily NAV change
  • MARKET PRICE 16-Jul-2024
  • $11.18   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 124.1%
    Short -29.9%
    Net 94.2%
    Cash 5.8%
    31-May-2024
  • Aggregate assets
    (all series)
    $9.9M
    30-Jun-2024
  • Units outstanding 345,000
    17-Jul-2024
  • Management fee 0.95%
  • Investment program DRIP
  • Distributions Annually
  • Benchmark S&P/TSX Capped Composite Index
  • Exchange Cboe CA
  • CUSIP 31610F822
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$, Trust CDN$ and Trust T-Series S5
  • Get ETF Facts

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Start NAV

$10.0000

End NAV

$10.4031
Choose a predefined chart period
to:

Why invest in this fund?

  • Builds on Fidelity’s historical track record of fundamental research in Canadian equities.
  • Expands the opportunity set for the potential of increased total return.
  • Combines active research ratings with rules-based controls to guide portfolio construction.
  • The addition of short exposures act as a differentiated source of return in a highly concentrated market.

Calendar returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Standard period returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Risk measures

Risk measures cannot be calculated on funds that are less than three years old. This fund does not yet meet the required criteria.

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a medium volatility rating

Allocation

Asset mix (%)

31-May-2024
Long Short Net
Canadian Equities 123.2 -29.6 93.6
Foreign Equities 0.9 -0.3 0.6
Cash & Other 5.8 - 5.8

Sector mix (%)

31-May-2024
Long Short Net
Financials 28.1 -6.6 21.5
Materials 18.3 -2.8 15.5
Energy 19.9 -6.5 13.5
Industrials 16.8 -3.6 13.2
Utilities 12.1 -3.6 8.5
Communication Services 8.8 -0.9 7.9
Information Technology 9.3 -3.2 6.0
Consumer Staples 4.1 -0.3 3.8
Consumer Disc. 4.2 -1.6 2.6
Real Estate 2.1 -0.5 1.6
Health Care 0.5 -0.3 0.2