• NAV $10.81 21-Nov-2024
  • $0.05 / 0.47% Daily NAV change
  • MARKET PRICE 21-Nov-2024
  • $10.80   
  • Inception 16-May-2024
  • Aggregate exposure
    Long 98.7%
    Short -4.9%
    Net 93.8%
    Cash 6.2%
    30-Sep-2024
  • Aggregate assets
    (all series)     $3.786B
    31-Oct-2024
  • Units outstanding 7,030,000
    22-Nov-2024
  • Management fee 0.90%
  • Investment program DRIP
  • Distributions Annually
  • Benchmark MSCI All Country World Index
  • Exchange Toronto Stock Exchange
  • CUSIP 316215102
  • Morningstar category Global Equity
  • Also available through: ETF Series US$, 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?

  • 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.

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 to underlying funds (%)

30-Sep-2024
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 33.2
    Fidelity Canadian Large Cap Multi-Asset Base Fund 23.2
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 33.4
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 10.1
  • Fund name Percentage
    Net other assets 0.1
    Fidelity Canadian Money Market Investment Trust 0.0

Allocation

Asset mix (%)

30-Sep-2024
Long Short Net
Foreign Equities 65.6 -4.9 60.7
Canadian Equities 32.4 -0.1 32.3
Convertibles 0.5 - 0.5
Foreign Bonds 0.2 - 0.2
Cash & Other 6.6 -0.4 6.2

Country mix (%)

30-Sep-2024
Long Short Net
United States 57.1 -4.6 52.4
Canada 32.4 -0.1 32.3
United Kingdom 5.6 - 5.6
China 2.5 - 2.5
Germany 1.2 - 1.2
France 0.8 - 0.8
Switzerland 0.7 -0.1 0.6
Japan 0.5 - 0.5
Israel 0.5 - 0.5
Belgium 0.5 - 0.5
Netherlands 0.4 - 0.4
Italy 0.4 - 0.4
Grand Cayman (UK Overseas Territory) 0.3 - 0.3
South Korea 0.3 - 0.3
Spain 0.2 - 0.2
Denmark 0.2 - 0.2
Greece 0.1 - 0.1
Ireland - - -
Kazakhstan - - -
India - - -
Australia - - -
Taiwan - -0.1 -0.1

Sector mix (%)

30-Sep-2024
Long Short Net
Information Technology 18.8 -1.2 17.6
Consumer Staples 17.4 - 17.4
Consumer Disc. 14.1 -1.9 12.1
Industrials 11.8 -0.4 11.4
Communication Services 8.2 -0.3 7.9
Health Care 7.9 -0.2 7.7
Financials 8.3 -0.9 7.5
Materials 5.3 - 5.3
Energy 4.3 - 4.3
Utilities 2.5 -0.1 2.4
Real Estate - - -

Portfolio managers