Fund code: 7646

  • NAV $22.93 $0.16 / 0.70%
    02-Apr-2025
  • Inception 03-Oct-2023
  • Benchmark MSCI All Country World Index
  • Aggregate exposure
    Long 97.6%
    Short -5.4%
    Net 92.2%
    Cash 7.8%
    28-Feb-2025
  • Aggregate assets
    (all series)     $4.864B
    31-Mar-2025
  • MER 2.29%
    30-Sep-2024
  • Distributions
  • Morningstar category Global Equity
  • Also available through ETF Series CDN$, ETF Series US$, Trust US$ and Trust T-Series
  • Get Fund Facts

End investment

Annualized return

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-Mar-2025

YTD 2025 2024
Fund -1.37 23.00

Standard period returns (%) 31-Mar-2025

1 mo 3 mo 6 mo 1 yr Inception
Fund -3.47 -1.37 3.51 9.79 20.88

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 (%)

28-Feb-2025
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 32.6
    Fidelity Canadian Large Cap Multi-Asset Base Fund 23.8
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 32.5
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 11.3
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.0
    Net other assets -0.1

Allocation

Asset mix (%)

28-Feb-2025
Long Short Net
Foreign Equities 64.2 -5.4 58.8
Canadian Equities 32.7 - 32.7
Convertibles 0.7 - 0.7
Cash & Other 8.2 -0.4 7.8

Country mix (%)

28-Feb-2025
Long Short Net
United States 48.4 -4.9 43.5
Canada 32.7 - 32.7
United Kingdom 6.4 -0.1 6.3
China 4.0 -0.1 3.9
France 2.4 - 2.4
Germany 1.6 - 1.6
Switzerland 1.3 -0.1 1.3
Brazil 1.1 - 1.1
South Korea 1.0 - 1.0
Japan 1.0 - 1.0
Finland 0.6 - 0.6
Netherlands 0.6 - 0.6
Italy 0.6 -0.1 0.5
Belgium 0.5 - 0.5
Israel 0.3 - 0.3
Denmark 0.2 - 0.2
Uruguay 0.2 - 0.2
Greece 0.1 - 0.1
Ireland - - -
India - - -
Australia 0.1 -0.1 -0.1
Taiwan - -0.1 -0.1

Sector mix (%)

28-Feb-2025
Long Short Net
Consumer Staples 20.8 -0.1 20.7
Information Technology 18.8 -1.2 17.6
Consumer Disc. 14.6 -1.4 13.2
Industrials 10.2 -0.5 9.7
Communication Services 10.2 -0.5 9.7
Financials 8.2 -1.4 6.8
Materials 4.7 - 4.7
Health Care 4.6 -0.1 4.5
Energy 2.9 - 2.9
Utilities 2.6 -0.1 2.5
Real Estate - - -

Portfolio managers