Fund code: 7646

  • NAV $25.07 -$0.19 / -0.75%
    29-Aug-2025
  • Inception 03-Oct-2023
  • Benchmark MSCI All Country World Index
  • Aggregate exposure
    Long 101.1%
    Short -4.7%
    Net 96.4%
    Cash 3.6%
    31-Jul-2025
  • Aggregate assets
    (all series)     $6.001B
    31-Jul-2025
  • MER 2.29%
    31-Mar-2025
  • Distributions
  • Morningstar category Global Equity
  • Also available through ETF Series CDN$, 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 (%) 31-Aug-2025

YTD 2025 2024
Fund 10.86 23.00

Standard period returns (%) 31-Aug-2025

1 mo 3 mo 6 mo 1 yr Inception
Fund 1.28 9.15 8.49 19.77 23.26

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-Jul-2025
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 32.7
    Fidelity Canadian Large Cap Multi-Asset Base Fund 22.9
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 35.0
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 9.6
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.0
    Net other assets -0.2

Allocation

Asset mix (%)

31-Jul-2025
Long Short Net
Foreign Equities 69.3 -4.7 64.6
Canadian Equities 30.2 - 30.2
Convertibles 0.8 - 0.8
Foreign Bonds 0.5 - 0.5
Canadian Bonds 0.2 - 0.2
Cash & Other 4.4 -0.7 3.6

Country mix (%)

31-Jul-2025
Long Short Net
United States 53.8 -4.5 49.3
Canada 30.5 - 30.5
United Kingdom 7.2 - 7.2
France 2.3 - 2.3
China 2.1 - 2.1
Germany 1.6 -0.1 1.6
Taiwan 1.3 - 1.3
South Korea 0.9 - 0.9
Switzerland 0.5 - 0.5
Italy 0.5 - 0.5
Japan 0.5 - 0.5
Netherlands 0.3 - 0.3
Israel 0.2 - 0.2
Finland 0.2 - 0.2
Denmark 0.2 - 0.2
Greece 0.2 - 0.2
Brazil 0.2 - 0.2
Belgium 0.1 - 0.1
Hong Kong 0.1 - 0.1
Australia 0.2 -0.1 0.1
Austria - - -
Poland - - -
Uruguay - - -
Sweden - -0.1 -0.1

Sector mix (%)

31-Jul-2025
Long Short Net
Information Technology 23.7 -1.4 22.3
Consumer Staples 18.3 - 18.3
Communication Services 12.6 -0.3 12.3
Industrials 11.6 -0.4 11.2
Consumer Disc. 11.4 -1.0 10.4
Financials 8.7 -1.4 7.4
Health Care 4.5 -0.1 4.5
Materials 4.3 - 4.3
Energy 3.0 - 3.0
Utilities 1.9 -0.2 1.7
Real Estate 0.4 - 0.4

Portfolio managers