• NAV $11.49 06-Oct-2026
  • decrease
    -$0.05 / -0.41% Daily NAV change
  • MARKET PRICE 06-Oct-2026
  • $11.46   
  • Inception 27-Jan-2026
  • Aggregate exposure
    Long 117.4%
    Short -31.4%
    Net 85.9%
    Cash 14.1%
    31-Aug-2026
  • Aggregate assets
    (all series)     $48.7M
    30-Sep-2026
  • Units outstanding 965,000
    07-Oct-2026
  • Management fee 1.15%
  • Investment program DRIP
  • Distributions Annually
  • Benchmark MSCI World Index
  • Exchange Toronto Stock Exchange
  • CUSIP 316209105
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$, 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.

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Why invest in this fund?

  • Adaptable active strategy: Research guides exposure shifts across changing market conditions
  • Global investment universe: Broad access across regions, sectors and market caps
  • Research-driven idea generation: Insights sourced from Fidelity’s global research platform
  • Structural and tactical positioning: Combines long-term convictions with short-term opportunities

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-Aug-2026
Long Short Net
Foreign Equities 113.2 -26.8 86.4
Canadian Equities 4.2 -4.6 -0.5
Cash & Other 15.8 -1.7 14.1

Country mix (%)

31-Aug-2026
Long Short Net
United States 53.1 -20.1 33.1
Germany 10.6 -1.3 9.2
Netherlands 7.8 -0.4 7.4
United Kingdom 8.4 -1.1 7.3
Japan 6.7 - 6.7
France 6.5 -0.9 5.6
Sweden 4.9 -0.8 4.1
Denmark 3.5 - 3.5
Hong Kong 3.1 - 3.1
Switzerland 3.7 -0.6 3.1
China 2.9 - 2.9
South Korea 3.1 -0.4 2.7
Australia 2.6 - 2.6
Italy 2.0 -0.4 1.6
Ireland 1.1 - 1.1
Belgium 1.0 - 1.0
Brazil 1.0 - 1.0
Multinational - - -
Austria - -0.3 -0.3
Canada 4.2 -4.7 -0.5
Spain - -0.5 -0.5

Sector mix (%)

31-Aug-2026
Long Short Net
Industrials 31.1 -8.2 22.9
Information Technology 27.3 -4.9 22.4
Health Care 16.4 -1.6 14.8
Materials 11.1 -1.2 9.9
Consumer Disc. 10.8 -4.3 6.5
Energy 6.7 -0.9 5.9
Financials 8.0 -3.2 4.8
Consumer Staples 6.0 -2.3 3.7
Real Estate - -0.4 -0.4
Communication Services - -2.1 -2.1
Utilities - -2.4 -2.4

Top ten holdings

  1. ASML Holding
  2. Bayer
  3. Vestas Wind Systems
  4. Westinghouse Air Brake Technologies
  5. UnitedHealth Group
  6. Diploma PLC
  7. RENISHAW PLC ORD
  8. EPIROC AB CL A
  9. STMICROELECTRONICS NV (NY REG)
  10. Techtronic Industries
  1. Taiwan Semiconductor Manufacturing
  2. ASML Holding
  3. Vestas Wind Systems
  4. ArcelorMittal
  5. LISI
  6. Diploma PLC
  7. Westinghouse Air Brake Technologies
  8. ZOOM COMMUNICATIONS INC CL A
  9. SigmaRoc
  10. BMW
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Portfolio managers