Fund code: 7911

  • NAV $7.76 $0.03 / 0.36%
    29-Jul-2026
  • Inception 09-Oct-2025
  • Benchmark Blended benchmark**
  • Aggregate exposure
    Long 110.6%
    Short -36.9%
    Net 73.7%
    Cash 26.3%
    30-Jun-2026
  • Aggregate assets
    (all series)     $131.0M
    30-Jun-2026
  • MER 2.61%
    31-Dec-2025
  • Distributions
  • Morningstar category Alternative Multi - Strategy
  • Also available through ETF Series CDN$, 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?

  • Provides access to a diverse mix of equity-focused alternative strategies in a single solution.
  • Combines Fidelity's liquid alternatives capabilities to help diversify risk and offer the potential for capital growth, while aiming for lower volatility and reduced correlation to equity markets.
  • Underlying funds managed by experienced portfolio managers, leveraging Fidelity’s fundamental research capabilities.

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 low to medium volatility rating

Allocation to underlying funds (%)

30-Jun-2026
  • Fund name Percentage
    Fidelity Long/Short Alternative 42.4
    Fidelity Market Neutral Alternative 13.5
  • Fund name Percentage
    Fid Cad LS Alt - Ser O 15.3
    Glb Opps L/S Fd - Ser O 13.7
    Fidelity Global Value Long/Short Fund - Series O 13.6
    Adv Bitcoin ETF Fd - O 1.7
  • Fund name Percentage
    Net other assets -0.1

Allocation

Asset mix (%)

30-Jun-2026

Country mix (%)

30-Jun-2026
Long Short Net
Canada 43.0 -9.4 33.6
United States 55.7 -26.1 29.6
United Kingdom 3.4 -0.2 3.2
Multinational 1.7 - 1.7
France 1.7 -0.1 1.6
Ireland 1.5 - 1.5
Netherlands 1.9 -0.5 1.4
Germany 1.4 -0.2 1.2
Taiwan 1.2 - 1.2
China 1.2 - 1.2
Japan 1.1 - 1.1
Sweden 0.9 -0.1 0.8
Switzerland 0.8 -0.2 0.7
South Korea 0.6 -0.1 0.5
Denmark 0.4 - 0.4
Australia 0.4 - 0.4
Hong Kong 0.4 - 0.4
Belgium 0.4 - 0.4
Italy 0.3 - 0.3
Israel 0.2 - 0.2
Brazil 0.2 - 0.2
Nigeria 0.1 - 0.1
Mexico 0.1 - 0.1
Austria - -0.1 -0.1

Sector mix (%)

30-Jun-2026
Long Short Net
Financials 19.0 -4.8 14.2
Industrials 20.8 -8.4 12.4
Information Technology 17.5 -7.6 9.9
Materials 11.2 -1.6 9.6
Consumer Disc. 11.6 -5.4 6.2
Health Care 7.2 -1.2 6.0
Real Estate 4.4 -0.2 4.2
Consumer Staples 6.7 -2.6 4.1
Communication Services 5.4 -1.4 4.0
Energy 4.3 -1.3 3.1
Utilities 3.4 -1.2 2.2
Multi Sector 0.8 -1.3 -0.5

Top ten holdings

  1. Royal Bank of Canada
  2. Agnico Eagle Mines
  3. Alphabet, Cl. A
  4. Franco-Nevada
  5. Suncor Energy
  6. Nvidia
  7. Shopify
  8. Toronto-Dominion Bank
  9. Meta Platforms
  10. Westinghouse Air Brake Technologies
Top ten long holdings aggregate 200.2%
Top ten short holdings aggregate 0.0%
Total number of holdings 446
  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Alphabet, Cl. A
  4. SPDR Gold Trust ETF
  5. Franco-Nevada
  6. Caterpillar
  7. Agnico Eagle Mines
  8. Microsoft
  9. Restaurant Brands International
  10. Bank of Montreal
Top ten long holdings aggregate
Top ten short holdings aggregate
Total number of holdings 427
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Portfolio managers