• NAV $12.12 07-Aug-2025
  • $0.03 / 0.21% Daily NAV change
  • 10.49% YTD return
  • MARKET PRICE 07-Aug-2025
  • $12.15   
  • Inception 16-May-2024
  • Aggregate exposure
    Long 102.1%
    Short -4.7%
    Net 97.4%
    Cash 2.6%
    30-Jun-2025
  • Aggregate assets
    (all series)     $6.001B
    31-Jul-2025
  • Units outstanding 14,030,000
    08-Aug-2025
  • Management fee 0.90%
  • MER 1.17%
    31-Mar-2025
  • Investment program DRIP
  • Distributions Annually
  • Benchmark MSCI All Country World Index
  • Exchange Toronto Stock Exchange
  • CUSIP 316215102
  • Morningstar category Global Equity
  • Also available through: ETF Series US$, Trust US$ , Trust CDN$ and Trust T-Series S5
  • Get ETF Facts

End investment

Annualized return

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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 (%) 31-Jul-2025

YTD 2025
ETF (NAV) 10.16
ETF (Market price) -

Standard period returns (%) 31-Jul-2025

1 mo 3 mo 6 mo 1 yr Inception†
ETF (NAV) 4.13 13.33 5.78 16.98 16.97
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 medium volatility rating

Allocation to underlying funds (%)

30-Jun-2025
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 33.2
    Fidelity Canadian Large Cap Multi-Asset Base Fund 22.9
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 34.2
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 9.5
  • Fund name Percentage
    Net other assets 0.1
    Fidelity Canadian Money Market Investment Trust 0.0

Allocation

Asset mix (%)

30-Jun-2025
Long Short Net
Foreign Equities 68.7 -4.7 64.0
Canadian Equities 32.0 - 32.0
Convertibles 0.7 - 0.7
Foreign Bonds 0.5 - 0.5
Canadian Bonds 0.2 - 0.2
Cash & Other 3.2 -0.6 2.6

Country mix (%)

30-Jun-2025
Long Short Net
United States 52.0 -4.5 47.6
Canada 32.2 - 32.2
United Kingdom 6.6 - 6.6
France 2.4 - 2.4
China 2.0 - 2.0
Germany 1.9 -0.1 1.8
Taiwan 1.5 - 1.5
South Korea 1.2 -0.2 1.0
Netherlands 0.9 - 0.9
Japan 0.7 - 0.7
Switzerland 0.7 - 0.7
Italy 0.6 - 0.6
Uruguay 0.3 - 0.3
Finland 0.3 - 0.3
Denmark 0.2 - 0.2
Israel 0.2 - 0.2
Brazil 0.2 - 0.2
Belgium 0.2 - 0.2
Greece 0.2 - 0.2
Australia 0.2 -0.1 0.1
Ireland 0.1 - 0.1
Poland - - -
Austria - - -
Sweden - -0.1 -0.1

Sector mix (%)

30-Jun-2025
Long Short Net
Information Technology 23.6 -1.4 22.2
Consumer Staples 18.9 - 18.9
Communication Services 11.5 -0.4 11.1
Consumer Disc. 11.7 -1.0 10.7
Industrials 11.0 -0.4 10.6
Financials 9.3 -1.3 8.0
Materials 5.1 - 5.1
Health Care 4.4 -0.1 4.3
Energy 3.3 - 3.3
Utilities 2.3 -0.1 2.2
Real Estate 0.4 - 0.4

Portfolio managers