• NAV $11.77 24-Dec-2024
  • $0.03 / 0.22% Daily NAV change
  • MARKET PRICE 24-Dec-2024
  • $11.76   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 124.8%
    Short -29.5%
    Net 95.3%
    Cash 4.7%
    31-Oct-2024
  • Aggregate assets
    (all series)     $17.6M
    30-Nov-2024
  • Units outstanding 455,000
    24-Dec-2024
  • Management fee 0.95%
  • MER 1.29%
    30-Jun-2024
  • Investment program DRIP
  • Distributions Annually
  • Benchmark S&P/TSX Capped Composite Index
  • Exchange Cboe CA
  • CUSIP 31610F822
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$, Trust CDN$ and Trust T-Series S5
  • Get ETF 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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Why invest in this fund?

  • Builds on Fidelity’s historical track record of fundamental research in Canadian equities.
  • Expands the opportunity set for the potential of increased total return.
  • Combines active research ratings with rules-based controls to guide portfolio construction.
  • The addition of short exposures act as a differentiated source of return in a highly concentrated market.

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.

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 (%)

31-Oct-2024
Long Short Net
Canadian Equities 123.9 -29.1 94.9
Foreign Equities 0.9 -0.5 0.4
Cash & Other 4.7 - 4.7

Sector mix (%)

31-Oct-2024
Long Short Net
Financials 29.0 -7.7 21.3
Materials 20.3 -3.0 17.4
Industrials 17.4 -3.7 13.7
Energy 17.6 -6.0 11.6
Utilities 11.8 -3.1 8.7
Communication Services 8.3 -0.8 7.5
Information Technology 9.3 -2.6 6.7
Consumer Staples 3.9 -0.6 3.3
Consumer Disc. 4.0 -1.2 2.8
Real Estate 2.5 -0.5 1.9
Health Care 0.8 -0.3 0.5

Top ten holdings

LONG

  1. Royal Bank of Canada
  2. Toronto-Dominion Bank
  3. Manulife
  4. Fairfax Financial Holdings, Sub Vtg
  5. Intact Financial
  6. BCE
  7. Telus
  8. Fortis
  9. Brookfield Asset Management
  10. Rogers Communication, Cl. B, Non Vtg
Top ten long holdings aggregate 23.4%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 23.4%
Total number of holdings 180

LONG

  1. Royal Bank of Canada
  2. Bank of Montreal
  3. Manulife
  4. Fairfax Financial Holdings, Sub Vtg
  5. BCE
  6. Intact Financial
  7. Telus
  8. Rogers Communication, Cl. B, Non Vtg
  9. Fortis
  10. Power Corporation of Canada, Sub Vtg
Top ten long holdings aggregate 21.9%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 21.9%
Total number of holdings 181

LONG

  1. Royal Bank of Canada
  2. Bank of Montreal
  3. Brookfield Corporation
  4. Manulife
  5. Sun Life Financial
  6. BCE
  7. Intact Financial
  8. Telus
  9. Rogers Communication, Cl. B, Non Vtg
  10. Fortis
Top ten long holdings aggregate 21.0%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 21.0%
Total number of holdings 180
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Portfolio managers