Fund code: 7761

  • NAV $7.67 -$0.01 / -0.08%
    17-Jun-2024
  • Inception 01-Feb-2024
  • Benchmark S&P/TSX Capped Composite Index
  • Aggregate exposure
    Long 126.1%
    Short -28.5%
    Net 97.6%
    Cash 2.4%
    30-Apr-2024
  • Aggregate assets
    (all series)
    $9.6M
    31-May-2024
  • Distributions Annually
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, Trust CDN$ and Trust T-Series
  • Get Fund 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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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.

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 (%)

30-Apr-2024
Long Short Net
Canadian Equities 125.1 -28.2 96.9
Foreign Equities 1.0 -0.3 0.7
Cash & Other 2.4 - 2.4

Sector mix (%)

30-Apr-2024
Long Short Net
Financials 28.7 -6.2 22.4
Materials 18.8 -2.7 16.1
Industrials 17.0 -3.6 13.5
Energy 19.1 -6.2 12.9
Information Technology 10.7 -2.7 8.0
Communication Services 8.4 -0.9 7.5
Utilities 10.9 -3.6 7.3
Consumer Staples 4.6 -0.3 4.2
Consumer Disc. 4.8 -1.4 3.4
Real Estate 2.6 -0.5 2.1
Health Care 0.5 -0.3 0.2