Fund code: 7806

  • NAV $10.72 $0.04 / 0.34%
    20-Dec-2024
  • Inception 15-May-2024
  • Benchmark 55% MSCI All Country World Index and 45% Bloomberg U.S. Aggregate Bond Index – Hedged to CAD
  • Aggregate exposure
    Long 98.5%
    Short -2.8%
    Net 95.7%
    Cash 4.3%
    31-Oct-2024
  • Aggregate assets
    (all series)     $174.6M
    30-Nov-2024
  • MER 2.27%
    30-Sep-2024
  • Distributions Annually
  • Morningstar category Global Neutral Balanced
  • Also available through ETF Series CDN$, Trust US$ and Trust T-Series
  • Get Fund 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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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.

Why invest in this fund?

  • A global fund with a neutral mix of 55% equities and 45% fixed income.
  • One-ticket global balanced strategy with exposure to liquid alternatives in a traditional mutual fund.
  • Combines distinct styles together to help diversify risk and offer the potential for above-market returns with lower volatility.
  • Underlying funds managed by an experienced team of portfolio managers.

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 low to medium volatility rating

Allocation to underlying funds (%)

31-Oct-2024
  • Fund name Percentage
    Fidelity Strategic Income Fund 22.6
    Fidelity Multi-Sector Bond Hedged Multi-Asset Base Fund 22.4
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 18.3
    Fidelity Canadian Large Cap Multi-Asset Base Fund 12.7
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 18.3
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 5.4
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.2
    Net other assets 0.0

Allocation

Asset mix (%)

31-Oct-2024
Long Short Net
Foreign Equities 36.8 -2.6 34.2
Foreign Bonds 32.1 - 32.1
Canadian Equities 17.5 - 17.5
High Yield Bonds 11.1 - 11.1
Convertibles 0.5 - 0.5
Canadian Bonds 0.3 - 0.3
Investment Grade CMBS 0.1 - 0.1
U.S. High Yield CMBS - - -
Futures, Options and Swaps 0.1 -0.1 -
Cash & Other 28.5 -24.2 4.3

Country mix (%)

31-Oct-2024
Long Short Net
United States 67.0 -2.5 64.4
Canada 18.2 - 18.2
United Kingdom 4.1 - 4.1
Germany 1.2 - 1.2
China 1.1 - 1.1
France 1.1 -0.1 1.0
Mexico 0.6 - 0.6
Switzerland 0.6 - 0.6
Japan 0.6 - 0.6
Netherlands 0.5 - 0.5
Israel 0.3 - 0.3
Dominican Republic 0.3 - 0.3
Finland 0.3 - 0.3
Brazil 0.3 - 0.3
Spain 0.3 - 0.3
Italy 0.3 - 0.3
Ireland 0.3 - 0.3
Belgium 0.3 - 0.3
Colombia 0.3 - 0.3
South Korea 0.2 - 0.2
Grand Cayman (UK Overseas Territory) 0.2 - 0.2
Panama 0.2 - 0.2
Denmark 0.2 - 0.2
Australia 0.2 - 0.2
Turkey 0.1 - 0.1
United Arab Emirates 0.1 - 0.1
Indonesia 0.1 - 0.1
Saudi Arabia 0.1 - 0.1
Chile 0.1 - 0.1
Sweden 0.1 - 0.1
South Africa 0.1 - 0.1
Egypt 0.1 - 0.1
Nigeria 0.1 - 0.1
Argentina 0.1 - 0.1
Qatar 0.1 - 0.1
Poland 0.1 - 0.1
Oman 0.1 - 0.1
Ukraine 0.1 - 0.1
Angola 0.1 - 0.1
Romania 0.1 - 0.1
Multinational 0.1 - 0.1
Hungary 0.1 - 0.1
Peru 0.1 - 0.1
Puerto Rico 0.1 - 0.1
Malaysia 0.1 - 0.1
Hong Kong 0.1 - 0.1
Bahrain - - -
Guatemala - - -
Costa Rica - - -
Czech Republic - - -
Ecuador - - -
Serbia - - -
Sri Lanka - - -
Pakistan - - -
Philippines - - -
Azerbaijan - - -
Cote D'Ivoire - - -
Greece - - -
Venezuela - - -
India - - -
Kenya - - -
Taiwan 0.1 -0.1 -
El Salvador - - -
Paraguay - - -
Luxembourg - - -
Morocco - - -
Uruguay - - -
GHANA - - -
Macau - - -
Kazakhstan - - -
Jordan - - -
Portugal - - -
Gabon - - -
Bermuda - - -
Benin - - -
Barbados - - -
Armenia - - -
Zambia - - -
Vietnam - - -
Uzbekistan - - -
Thailand - - -
Senegal - - -
Singapore - - -
Rwanda - - -
New Zealand - - -
Norway - - -
Mongolia - - -
Madagascar - - -
Montenegro - - -
Lebanon - - -
Kuwait - - -
Jamaica - - -

Sector mix (%)

31-Oct-2024
Long Short Net
Information Technology 11.4 -0.8 10.6
Consumer Staples 9.2 - 9.2
Industrials 6.6 -0.1 6.5
Consumer Disc. 6.8 -1.0 5.8
Communication Services 5.9 -0.2 5.7
Financials 4.7 -0.6 4.1
Health Care 3.5 -0.1 3.4
Materials 2.6 - 2.6
Energy 2.3 - 2.3
Utilities 1.8 - 1.8
Real Estate - - -

Portfolio managers