Fund code: 7646

  • NAV $24.23 $0.12 / 0.49%
    12-Jul-2024
  • Inception 03-Oct-2023
  • Benchmark MSCI All Country World Index
  • Aggregate exposure
    Long 98.7%
    Short -4.8%
    Net 93.9%
    Cash 6.1%
    31-May-2024
  • Aggregate assets
    (all series)
    $2.877B
    30-Jun-2024
  • Distributions
  • Morningstar category Global Equity
  • Also available through ETF Series CDN$, Trust US$ 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?

  • Combines complementary investment styles together to help diversify risk and offer the potential for above-market returns over the long term.
  • One-ticket global equity strategy with exposure to a liquid alternative in a traditional mutual fund.
  • Underlying funds managed by an experienced team of portfolio managers with long-term track records.

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 to underlying funds (%)

31-May-2024
  • Fund name Percentage
    Fidelity Greater Canada Fund 33.7
    Fidelity Canadian Large Cap Multi-Asset Base Fund 23.5
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 32.8
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund 10.2
  • Fund name Percentage
    Net other assets -0.2

Allocation

Asset mix (%)

31-May-2024
Long Short Net
Foreign Equities 63.8 -4.7 59.1
Canadian Equities 33.9 - 33.8
Convertibles 0.6 - 0.6
Foreign Bonds 0.5 - 0.5
Cash & Other 6.3 -0.3 6.1

Country mix (%)

31-May-2024
Long Short Net
United States 55.3 -4.7 50.7
Canada 33.7 - 33.6
United Kingdom 5.3 - 5.3
China 2.0 - 2.0
Japan 1.1 - 1.1
Switzerland 0.7 - 0.7
Germany 0.7 - 0.7
Sweden 0.7 - 0.7
Spain 0.6 - 0.6
France 0.5 - 0.5
Taiwan 0.5 -0.1 0.5
Belgium 0.5 - 0.5
Italy 0.5 - 0.5
Netherlands 0.4 - 0.4
Denmark 0.4 - 0.4
South Korea 0.3 - 0.3
Israel 0.2 - 0.2
Australia 0.1 - 0.1
Kazakhstan 0.1 - 0.1
Greece 0.1 - 0.1
Ireland - - -

Sector mix (%)

31-May-2024
Long Short Net
Information Technology 23.5 -1.7 21.8
Consumer Staples 15.4 - 15.4
Industrials 12.6 -0.2 12.4
Consumer Disc. 10.7 -1.5 9.2
Communication Services 8.6 -0.3 8.3
Health Care 8.0 -0.1 7.9
Materials 6.0 - 6.0
Financials 6.6 -0.9 5.8
Energy 4.4 - 4.3
Utilities 2.2 -0.1 2.1
Real Estate 0.2 - 0.2