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Fidelity Global Value Long/Short Fund

Fund code: 2146

  • NAV
    $14.93 $0.05 / 0.37%
    24-Jun-2022
  • Inception 16-Oct-2020
  • Benchmark MSCI World Index
  • Aggregate exposure
    Long 125.9%
    Short -34.1%
    Net 91.8%
    Cash 8.2%
    30-Apr-2022
  • Aggregate assets
    (all series)
    $346.7M
    31-May-2022
  • MER 2.71%
    31-Dec-2021
  • Distributions
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$ and Trust T-Series S5
  • 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†† (%) 31-May-2022

YTD 2022 2021
Fund 33.06 0.29

Standard period returns†† (%) 31-May-2022

1 mo 3 mo 6 mo 1 yr Inception
Fund 5.04 16.32 49.35 39.08 24.88

Why invest in this fund?

  • Seeks to exploit mispricing of value oriented stocks
  • Utilizes a combination of long and short positions
  • Potential complement to traditional portfolios.

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 high volatility rating

Allocation

Asset mix (%)

30-Apr-2022
Long Short Net
Foreign Equities 112.9 -32.5 80.3
Canadian Equities 8.9 -1.5 7.4
Foreign Bonds 4.1 - 4.1
Cash & Other 9.1 -1.0 8.2

Country mix (%)

30-Apr-2022
Long Short Net
United States 82.1 -28.9 53.2
United Kingdom 18.1 - 18.1
Canada 8.9 -2.3 6.6
Germany 6.9 -2.6 4.3
Denmark 4.0 - 4.0
Spain 3.6 - 3.6
Japan 3.1 - 3.1
France 1.6 - 1.6
Belgium 1.6 - 1.6
Netherlands 1.0 - 1.0
Multinational - - -
China - -1.2 -1.2
Cash & Net Other Assets 4.2 - 4.1

Sector mix (%)

30-Apr-2022
Long Short Net
Consumer Staples 36.9 - 36.9
Information Technology 20.7 -5.7 14.9
Health Care 12.9 -2.2 10.8
Industrials 9.2 -1.9 7.2
Communication Services 9.3 -2.6 6.8
Financials 9.5 -3.9 5.6
Energy 8.5 -3.5 5.1
Utilities 3.2 - 3.2
Multi Sector 2.8 - 2.8
Real Estate 6.0 -3.5 2.5
Consumer Disc. 2.8 -10.8 -8.0

Top ten holdings

LONG

  1. British American Tobacco
  2. Johnson & Johnson
  3. Imperial Brands
  4. Altria Group
  5. Philip Morris
  6. CARLSBERG AS CL B
  7. SPDR Gold Trust ETF
  8. Britvic
  9. Bayer
  10. BAE SYSTEMS PLC
Top ten long holdings aggregate 43.2%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 43.2%
Total number of holdings 71

LONG

  1. Metro
  2. National Grid
  3. Altria Group
  4. Suncor Energy
  5. British American Tobacco
  6. Imperial Brands
  7. SPDR Gold Trust ETF
  8. Unilever
  9. TELEFONICA BRASIL SA ADR
  10. Nuance Communications
Top ten long holdings aggregate 41.1%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 41.1%
Total number of holdings 76

LONG

  1. Metro
  2. British American Tobacco
  3. Altria Group
  4. Imperial Brands
  5. Unilever
  6. Suncor Energy
  7. National Grid
  8. Nuance Communications
  9. CAI INTERNATIONAL INC
Top ten long holdings aggregate 35.8%

SHORT

  1. Tesla
Top ten short holdings aggregate -3.8%
Top ten holdings aggregate 32.0%
Total number of holdings 71

LONG

  1. British American Tobacco
  2. Unilever
  3. Metro
  4. Suncor Energy
  5. Altria Group
  6. Imperial Brands
  7. National Grid
Top ten long holdings aggregate 31.6%

SHORT

  1. TUSIMPLE HOLDINGS INC
  2. AMC ENTERTAINMENT HLDS CL A
  3. GAMESTOP CORP CL A
Top ten short holdings aggregate -13.2%
Top ten holdings aggregate 18.4%
Total number of holdings 48
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