Fund code: 7646

  • NAV $25.49 -$0.06 / -0.24%
    04-May-2026
  • Inception 03-Oct-2023
  • Benchmark MSCI All Country World Index
  • Aggregate exposure
    Long 99.2%
    Short -4.7%
    Net 94.5%
    Cash 5.5%
    31-Mar-2026
  • Aggregate assets
    (all series)     $9.351B
    30-Apr-2026
  • MER 2.28%
    30-Sep-2025
  • Distributions
  • Morningstar category Global Equity
  • Also available through ETF Series CDN$, ETF Series US$, Trust US$ 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 (%) 30-Apr-2026

YTD 2026 2025 2024
Fund 9.79 16.24 23.00

Standard period returns (%) 30-Apr-2026

1 mo 3 mo 6 mo 1 yr Inception
Fund 6.95 6.71 11.51 31.76 23.36

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-Mar-2026
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 33.3
    Fidelity Canadian Large Cap Multi-Asset Base Fund 23.3
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 32.9
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 10.5
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.0
    Net other assets 0.0

Allocation

Asset mix (%)

31-Mar-2026
Long Short Net
Foreign Equities 61.3 -4.4 56.9
Canadian Equities 35.8 -0.3 35.5
Convertibles 1.2 - 1.2
Foreign Bonds 0.7 - 0.7
Canadian Bonds 0.2 - 0.2
Cash & Other 6.4 -0.8 5.5

Country mix (%)

31-Mar-2026
Long Short Net
United States 47.5 -4.1 43.4
Canada 36.1 -0.3 35.9
United Kingdom 6.7 - 6.7
Taiwan 2.6 - 2.6
Sweden 1.8 -0.1 1.8
France 1.6 - 1.6
Japan 1.3 - 1.3
South Korea 1.4 -0.1 1.2
Finland 1.0 - 1.0
China 0.9 - 0.9
Switzerland 0.6 - 0.6
Israel 0.5 - 0.5
Netherlands 0.3 -0.1 0.2
Hong Kong 0.2 - 0.2
Italy 0.2 - 0.2
Greece 0.2 - 0.2
Belgium 0.1 - 0.1
Nigeria 0.1 - 0.1
Poland - - -
Austria - - -
Germany - -0.1 -0.1
South Africa - -0.1 -0.1

Sector mix (%)

31-Mar-2026
Long Short Net
Information Technology 24.9 -2.1 22.8
Industrials 16.1 -0.7 15.3
Consumer Staples 11.5 -0.1 11.5
Communication Services 9.6 -0.3 9.3
Materials 8.5 -0.1 8.4
Health Care 6.7 - 6.7
Consumer Disc. 6.6 -0.5 6.1
Energy 6.1 -0.1 6.0
Financials 5.5 -0.8 4.7
Utilities 1.7 -0.1 1.6
Real Estate 0.7 - 0.7
Multi Sector 0.4 - 0.4

Portfolio managers