Fund code: 7770

  • NAV $25.82 -$0.78 / -2.92%
    03-Mar-2026
  • Inception 01-Feb-2024
  • Benchmark S&P/TSX Capped Composite Index
  • Aggregate exposure
    Long 128.5%
    Short -30.4%
    Net 98.1%
    Cash 1.9%
    31-Jan-2026
  • Aggregate assets
    (all series)     $47.0M
    28-Feb-2026
  • MER 2.51%
    30-Jun-2025
  • Distributions
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, Trust US$ and Trust T-Series
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 28-Feb-2026

YTD 2026 2025
Fund 7.99 16.42

Standard period returns (%) 28-Feb-2026

1 mo 3 mo 6 mo 1 yr Inception
Fund 6.21 9.02 12.86 25.62 19.95

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.

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-Jan-2026
Long Short Net
Canadian Equities 126.5 -29.5 97.0
Foreign Equities 2.0 -0.9 1.1
Cash & Other 1.9 - 1.9

Country mix (%)

31-Jan-2026
Long Short Net
Canada 127.3 -30.4 96.9
Netherlands 1.0 - 1.0
United States 0.3 - 0.3

Sector mix (%)

31-Jan-2026
Long Short Net
Materials 33.4 -3.5 30.0
Financials 30.2 -5.5 24.7
Utilities 14.2 -3.5 10.7
Industrials 13.5 -4.4 9.2
Information Technology 10.1 -1.4 8.8
Energy 13.6 -7.9 5.7
Consumer Disc. 3.8 -0.8 3.0
Consumer Staples 3.1 -0.6 2.5
Real Estate 1.8 -0.4 1.5
Communication Services 3.5 -2.3 1.3
Health Care 1.4 -0.4 1.0

Top ten holdings

  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Bank of Montreal
  4. Brookfield Asset Management
  5. Great-West Lifeco
  6. Power Corporation of Canada, Sub Vtg
  7. Fortis
  8. Telus
  9. Brookfield Infrastructure Partners
  10. Brookfield Renewable Partners
Top ten long holdings aggregate 26.5%
Top ten short holdings aggregate -7.5%
Total number of holdings 172
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Brookfield Asset Management
  4. Great-West Lifeco
  5. Fairfax Financial Holdings, Sub Vtg
  6. Brookfield Infrastructure Partners
  7. Power Corporation of Canada, Sub Vtg
  8. Fortis
  9. Brookfield Renewable Partners
  10. Telus
Top ten long holdings aggregate 24.9%
Top ten short holdings aggregate -8.6%
Total number of holdings 165
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Bank of Montreal
  4. Brookfield Asset Management
  5. Intact Financial
  6. Fairfax Financial Holdings, Sub Vtg
  7. Fortis
  8. Brookfield Infrastructure Partners
  9. Telus
  10. Emera
Top ten long holdings aggregate 24.4%
Top ten short holdings aggregate -7.4%
Total number of holdings 162
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Manulife
  4. Brookfield Asset Management
  5. Fairfax Financial Holdings, Sub Vtg
  6. Canadian Imperial Bank of Commerce
  7. Intact Financial
  8. Brookfield Infrastructure Partners
  9. Fortis
  10. Waste Connections
Top ten long holdings aggregate 22.4%
Top ten short holdings aggregate -8.5%
Total number of holdings 172
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