• NAV $7.62 18-Mar-2025
  • -$0.04 / -0.51% Daily NAV change
  • -0.14% YTD return
  • MARKET PRICE 18-Mar-2025
  • $7.62   
  • Inception 16-May-2024
  • Aggregate exposure
    Long 98.4%
    Short -5.0%
    Net 93.4%
    Cash 6.6%
    31-Jan-2025
  • Aggregate assets
    (all series)     $4.890B
    28-Feb-2025
  • Units outstanding 9,480,000
    19-Mar-2025
  • Management fee 0.90%
  • MER 1.18%
    30-Sep-2024
  • Investment program DRIP
  • Distributions Annually
  • Benchmark MSCI All Country World Index
  • Exchange Toronto Stock Exchange
  • CUSIP 316215102
  • Morningstar category Global Equity
  • Also available through: ETF Series CDN$, 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
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Why invest in this fund?

  • Combines complementary investment styles together to help diversify risk and offer the potential for above-market returns over the long term.
  • One-ticket global equity strategy with exposure to a liquid alternative in a traditional mutual fund.
  • Underlying funds managed by an experienced team of portfolio managers with long-term track records.

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 to underlying funds (%)

31-Jan-2025
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 33.2
    Fidelity Canadian Large Cap Multi-Asset Base Fund 23.3
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 33.4
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 10.1
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.0
    Net other assets -0.1

Allocation

Asset mix (%)

31-Jan-2025
Long Short Net
Foreign Equities 65.9 -5.0 60.9
Canadian Equities 31.9 - 31.9
Convertibles 0.6 - 0.6
Cash & Other 7.8 -1.2 6.6

Country mix (%)

31-Jan-2025
Long Short Net
United States 51.5 -4.7 46.8
Canada 31.9 - 31.9
United Kingdom 6.8 - 6.8
China 3.5 - 3.5
France 2.3 - 2.3
Germany 1.4 - 1.4
Brazil 1.1 - 1.1
Switzerland 1.2 -0.1 1.1
South Korea 0.9 - 0.9
Finland 0.6 - 0.6
Japan 0.6 - 0.6
Belgium 0.5 - 0.5
Netherlands 0.5 - 0.5
Italy 0.4 - 0.4
Israel 0.3 - 0.3
Denmark 0.2 - 0.2
Greece 0.1 - 0.1
Ireland - - -
India - - -
Australia - -0.1 -0.1
Taiwan - -0.1 -0.1

Sector mix (%)

31-Jan-2025
Long Short Net
Consumer Staples 19.2 - 19.2
Consumer Disc. 16.2 -1.5 14.6
Information Technology 15.5 -1.4 14.2
Communication Services 12.8 -0.5 12.3
Industrials 11.3 -0.3 11.0
Financials 9.2 -1.2 8.1
Materials 4.8 - 4.8
Health Care 4.1 -0.1 4.0
Energy 3.0 - 3.0
Utilities 2.4 -0.1 2.3
Real Estate - - -

Portfolio managers