Skip to content

Fidelity Long/Short Alternative Fund

Fund code: 2492

  • NAV
    $11.80 $0.25 / 2.13%
    24-Jun-2022
  • Inception 16-Oct-2020
  • Benchmark 50% S&P/TSX Capped Composite Index and 50% S&P 500 Index
  • Aggregate exposure
    Long 99.8%
    Short -18.8%
    Net 81.1%
    Cash 18.9%
    30-Apr-2022
  • Aggregate assets
    (all series)
    $170.3M
    31-May-2022
  • MER 2.70%
    31-Dec-2021
  • Distributions Annually
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$ and Trust T-Series S5
  • Get Fund Facts

End investment

Annualized return

Choose a chart type (percentage or dollar)
Choose a predefined chart period
to:

Start NAV

$10.0000

End NAV

$10.4031
Choose a predefined chart period
to:

Calendar returns†† (%) 31-May-2022

YTD 2022 2021
Fund -8.16 27.28

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

1 mo 3 mo 6 mo 1 yr Inception
Fund -2.02 -2.49 -3.40 1.15 14.38

Why invest in this fund?

  • Seeks to capture alternative sources of alpha
  • Expand portfolio beyond traditional mutual fund solutions

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

Asset mix (%)

30-Apr-2022
Long Short Net
Canadian Equities 47.3 -5.0 42.2
Foreign Equities 52.6 -13.7 38.8
Cash & Other 20.0 -1.0 18.9

Country mix (%)

30-Apr-2022
Long Short Net
United States 72.1 -13.6 58.5
Canada 47.7 -5.0 42.7
China - -0.6 -0.6
Cash & Net Other Assets - -0.6 -0.6

Sector mix (%)

30-Apr-2022
Long Short Net
Financials 26.2 -3.9 22.3
Information Technology 17.0 -2.2 14.9
Industrials 14.2 -3.0 11.2
Real Estate 9.0 - 9.0
Consumer Disc. 12.1 -4.0 8.0
Health Care 6.8 - 6.8
Energy 4.3 - 4.3
Materials 3.8 - 3.8
Consumer Staples 4.2 -2.5 1.7
Communication Services 2.3 -1.4 0.8

Top ten holdings

LONG

  1. Canadian Pacific Railway
  2. Dollarama
  3. Royal Bank of Canada
  4. Microsoft
  5. Sun Life Financial
  6. Toronto-Dominion Bank
  7. Nutrien
  8. Canadian Natural Resources
  9. UnitedHealth Group
  10. ALIMENTATION COUCHE A MULT VTG
Top ten long holdings aggregate 35.7%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 35.7%
Total number of holdings 91

LONG

  1. Microsoft
  2. UnitedHealth Group
  3. Dollarama
  4. Royal Bank of Canada
  5. Canadian Pacific Railway
  6. Sun Life Financial
  7. Invitation Homes
  8. Simon Property Group
  9. Apple
  10. Netflix
Top ten long holdings aggregate 41.2%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 41.2%
Total number of holdings 94

LONG

  1. Royal Bank of Canada
  2. Microsoft
  3. Dollarama
  4. Canadian Pacific Railway
  5. Sun Life Financial
  6. UnitedHealth Group
  7. Simon Property Group
  8. Invitation Homes
  9. SHOPIFY INC CL A
  10. MasterCard, Cl. A
Top ten long holdings aggregate 44.1%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 44.1%
Total number of holdings 82

LONG

  1. Dollarama
  2. Royal Bank of Canada
  3. Canadian Pacific Railway
  4. Microsoft
  5. Berkshire Hathaway, Cl. B
  6. Simon Property Group
  7. SHOPIFY INC CL A
  8. UnitedHealth Group
  9. Invitation Homes
  10. CARDLYTICS INC
Top ten long holdings aggregate 41.5%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 41.5%
Total number of holdings 102
View all
Content is loading, please wait