• NAV $11.35 03-Apr-2025
  • -$0.42 / -3.56% Daily NAV change
  • -3.31% YTD return
  • MARKET PRICE 03-Apr-2025
  • $11.34   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 124.7%
    Short -29.4%
    Net 95.3%
    Cash 4.7%
    28-Feb-2025
  • Aggregate assets
    (all series)
    $17.1M
    31-Mar-2025
  • Units outstanding 570,000
    03-Apr-2025
  • Management fee 0.95%
  • MER 1.28%
    31-Dec-2024
  • Investment program DRIP
  • Distributions Annually
  • Benchmark S&P/TSX Capped Composite Index
  • Exchange Cboe CA
  • CUSIP 31610F822
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$, Trust CDN$ and Trust T-Series S5
  • Get ETF Facts

End investment

Annualized return

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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 (%) 31-Mar-2025

YTD 2025
ETF (NAV) -1.52
ETF (Market price) -

Standard period returns (%) 31-Mar-2025

1 mo 3 mo 6 mo 1 yr Inception
ETF (NAV) -1.80 -1.52 0.95 11.63 13.26
ETF (Market price) - - - - -

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 (%)

28-Feb-2025
Long Short Net
Canadian Equities 123.8 -29.0 94.9
Foreign Equities 0.9 -0.5 0.4
Cash & Other 4.7 - 4.8

Sector mix (%)

28-Feb-2025
Long Short Net
Financials 31.5 -5.2 26.3
Energy 18.9 -4.2 14.7
Materials 17.4 -4.1 13.3
Industrials 17.2 -5.2 12.1
Information Technology 11.8 -1.8 10.0
Utilities 11.1 -4.6 6.5
Communication Services 6.7 -1.5 5.2
Consumer Disc. 4.6 -0.9 3.8
Consumer Staples 3.3 -0.8 2.5
Real Estate 2.2 -0.7 1.5
Health Care 0.1 -0.5 -0.3

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. Brookfield Asset Management
  7. Fortis
  8. Rogers Communication, Cl. B, Non Vtg
  9. Telus
  10. Emera
Top ten long holdings aggregate 23.4%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 23.4%
Total number of holdings 176

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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