• NAV $13.16 04-Sep-2026
  • decrease
    -$0.01 / -0.05% Daily NAV change
  • decrease
    12.26% YTD return
  • MARKET PRICE 04-Sep-2026
  • $13.21   
  • Inception 16-May-2024
  • Aggregate exposure
    Long 97.4%
    Short -3.2%
    Net 94.2%
    Cash 5.8%
    31-Jul-2026
  • Aggregate assets
    (all series)     $613.1M
    31-Aug-2026
  • Units outstanding 2,550,000
    04-Sep-2026
  • Management fee 0.85%
  • MER 1.07%
    31-Mar-2026
  • Investment program DRIP
  • Distributions
  • Benchmark 55% MSCI All Country World Index and 45% Bloomberg U.S. Aggregate Bond Index – Hedged to CAD
  • Exchange Toronto Stock Exchange
  • CUSIP 316220102
  • Morningstar category Global Neutral Balanced
  • Also available through: Trust US$ , Trust CDN$ and Trust T-Series S5
  • Get ETF Facts
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Why invest in this fund?

  • A global fund with a neutral mix of 55% equities and 45% fixed income.
  • One-ticket global balanced strategy with exposure to liquid alternatives in a traditional mutual fund.
  • Combines distinct styles together to help diversify risk and offer the potential for above-market returns with lower volatility.
  • Underlying funds managed by an experienced team of portfolio managers.

Calendar returns (%) 31-Aug-2026

YTD 2026 2025
ETF (NAV) 12.68 11.29
ETF (Market price) - -

Standard period returns (%) 31-Aug-2026

1 mo 3 mo 6 mo 1 yr Inception†
ETF (NAV) 1.03 2.97 7.44 16.76 14.03
ETF (Market price) - - - - -

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 low to medium volatility rating

Allocation to underlying funds (%)

31-Jul-2026
  • Fund name Percentage
    Fidelity Strategic Income Fund 21.8
    Fidelity Multi-Sector Bond Hedged Multi-Asset Base Fund 21.2
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 18.6
    Fidelity Canadian Large Cap Multi-Asset Base Fund 13.5
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 18.2
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund 6.6
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.1
    Net other assets 0.1

Allocation

Asset mix (%)

31-Jul-2026
Long Short Net
Foreign Equities 37.6 -2.6 35.0
Foreign Bonds 28.3 - 28.3
Canadian Equities 18.3 -0.3 18.0
High Yield Bonds 11.4 - 11.4
Convertibles 0.9 - 0.9
Investment Grade CMBS 0.6 - 0.6
Canadian Bonds 0.2 - 0.2
U.S. High Yield CMBS 0.1 - 0.1
Futures, Options and Swaps 0.1 -0.3 -0.2
Cash & Other 26.6 -20.9 5.8

Country mix (%)

31-Jul-2026
Long Short Net
United States 64.1 -2.5 61.6
Canada 19.0 -0.3 18.7
United Kingdom 5.0 - 4.9
France 1.5 -0.2 1.3
Japan 1.0 - 1.0
China 0.7 - 0.7
Taiwan 0.7 - 0.7
Germany 0.5 - 0.5
Switzerland 0.5 - 0.5
Brazil 0.5 - 0.5
Mexico 0.5 - 0.5
Sweden 0.5 - 0.5
Dominican Republic 0.3 - 0.3
Nigeria 0.3 - 0.3
Italy 0.3 - 0.3
Netherlands 0.4 -0.1 0.3
Colombia 0.2 - 0.2
Ireland 0.2 - 0.2
Denmark 0.2 - 0.2
Australia 0.2 - 0.2
Saudi Arabia 0.2 - 0.2
Israel 0.1 - 0.1
Multinational 0.1 - 0.1
Turkey 0.1 - 0.1
Romania 0.1 - 0.1
Hong Kong 0.1 - 0.1
Panama 0.1 - 0.1
Finland 0.1 - 0.1
Greece 0.1 - 0.1
Egypt 0.1 - 0.1
Chile 0.1 - 0.1
Argentina 0.1 - 0.1
United Arab Emirates 0.1 - 0.1
South Africa 0.1 - 0.1
Belgium 0.1 - 0.1
Venezuela 0.1 - 0.1
Hungary 0.1 - 0.1
Indonesia 0.1 - 0.1
Ukraine 0.1 - 0.1
Angola 0.1 - 0.1
Ecuador 0.1 - 0.1
Poland 0.1 - 0.1
Peru 0.1 - 0.1
South Korea 0.1 - 0.1
Sri Lanka 0.1 - 0.1
Guatemala 0.1 - 0.1
Oman - - -
Costa Rica - - -
Qatar - - -
Pakistan - - -
Cote D'Ivoire - - -
Bahrain - - -
Czech Republic - - -
Spain - - -
GHANA - - -
Kenya - - -
Luxembourg - - -
Morocco - - -
Malaysia - - -
Norway - - -
Serbia - - -
Uzbekistan - - -
Trinidad & Tobago - - -
Uruguay - - -
Grand Cayman (UK Overseas Territory) - - -
Kazakhstan - - -
Lebanon - - -
Armenia - - -
Philippines - - -
Paraguay - - -
El Salvador - - -
Georgia - - -
Austria - - -
Montenegro - - -
Bermuda - - -
Jordan - - -
Mongolia - - -
Macau - - -
New Zealand - - -
Rwanda - - -
Singapore - - -
Senegal - - -
Gabon - - -
Congo - - -
Congo (Democratic Republic of) - - -
Jamaica - - -
Benin - - -
Thailand - - -

Sector mix (%)

31-Jul-2026
Long Short Net
Information Technology 15.8 -1.8 14.0
Industrials 7.8 -0.5 7.3
Consumer Staples 6.5 - 6.5
Communication Services 5.7 -0.1 5.6
Consumer Disc. 5.1 - 5.1
Health Care 4.7 - 4.7
Financials 5.3 -0.7 4.6
Materials 2.8 - 2.8
Energy 2.1 - 2.1
Utilities 0.9 -0.1 0.8
Real Estate 0.4 - 0.4

Portfolio managers