• NAV $10.66 22-Nov-2024
  • $0.02 / 0.16% Daily NAV change
  • MARKET PRICE 22-Nov-2024
  • $10.69   
  • Inception 16-May-2024
  • Aggregate exposure
    Long 97.4%
    Short -2.8%
    Net 94.6%
    Cash 5.4%
    30-Sep-2024
  • Aggregate assets
    (all series)     $141.5M
    31-Oct-2024
  • Units outstanding 715,000
    22-Nov-2024
  • Management fee 0.85%
  • Investment program DRIP
  • Distributions Annually
  • Benchmark 55% MSCI All Country World Index and 45% Bloomberg U.S. Aggregate Bond Index – Hedged to CAD
  • Exchange Toronto Stock Exchange
  • CUSIP 316220102
  • Morningstar category Global Neutral Balanced
  • Also available through: Trust US$ , 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?

  • 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.

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 low to medium volatility rating

Allocation to underlying funds (%)

30-Sep-2024
  • Fund name Percentage
    Fidelity Strategic Income Fund 22.4
    Fidelity Multi-Sector Bond Hedged Multi-Asset Base Fund 22.3
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 18.2
    Fidelity Canadian Large Cap Multi-Asset Base Fund 12.7
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 18.4
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 5.5
  • Fund name Percentage
    Fidelity Canadian Money Market Investment Trust 0.4
    Net other assets 0.1

Allocation

Asset mix (%)

30-Sep-2024
Long Short Net
Foreign Equities 36.4 -2.6 33.7
Foreign Bonds 31.7 - 31.7
Canadian Equities 17.8 -0.1 17.7
High Yield Bonds 10.8 - 10.8
Convertibles 0.5 - 0.5
Canadian Bonds 0.2 - 0.2
Investment Grade CMBS 0.1 - 0.1
U.S. High Yield CMBS - - -
Futures, Options and Swaps - -0.1 -0.1
Cash & Other 29.3 -23.9 5.4

Country mix (%)

30-Sep-2024
Long Short Net
United States 65.7 -2.5 63.2
Canada 18.5 -0.1 18.4
United Kingdom 4.1 - 4.1
China 1.6 - 1.6
Germany 1.4 - 1.4
France 0.8 -0.1 0.7
Netherlands 0.6 - 0.6
Mexico 0.6 - 0.6
Japan 0.6 - 0.6
Switzerland 0.6 -0.1 0.5
Israel 0.3 - 0.3
Dominican Republic 0.3 - 0.3
Belgium 0.3 - 0.3
Brazil 0.3 - 0.3
Ireland 0.3 - 0.3
Italy 0.2 - 0.2
Panama 0.2 - 0.2
South Korea 0.2 - 0.2
Spain 0.2 - 0.2
Colombia 0.2 - 0.2
Denmark 0.2 - 0.2
Grand Cayman (UK Overseas Territory) 0.2 - 0.2
Australia 0.2 - 0.2
Turkey 0.2 - 0.2
Indonesia 0.1 - 0.1
Saudi Arabia 0.1 - 0.1
United Arab Emirates 0.1 - 0.1
Chile 0.1 - 0.1
Qatar 0.1 - 0.1
South Africa 0.1 - 0.1
Sweden 0.1 - 0.1
Nigeria 0.1 - 0.1
Oman 0.1 - 0.1
Egypt 0.1 - 0.1
Puerto Rico 0.1 - 0.1
Argentina 0.1 - 0.1
Poland 0.1 - 0.1
Hungary 0.1 - 0.1
Angola 0.1 - 0.1
Peru 0.1 - 0.1
Ukraine 0.1 - 0.1
Romania 0.1 - 0.1
Luxembourg 0.1 - 0.1
Hong Kong 0.1 - 0.1
Malaysia 0.1 - 0.1
Ecuador 0.1 - 0.1
Sri Lanka - - -
Kazakhstan - - -
Guatemala - - -
Finland - - -
Bahrain - - -
Costa Rica - - -
Czech Republic - - -
Philippines - - -
Pakistan - - -
Venezuela - - -
Azerbaijan - - -
India - - -
Cote D'Ivoire - - -
Greece - - -
GHANA - - -
El Salvador - - -
Serbia - - -
Paraguay - - -
Morocco - - -
Jordan - - -
Uruguay - - -
Kenya - - -
Multinational - - -
Gabon - - -
Portugal - - -
Macau - - -
Uzbekistan - - -
Vietnam - - -
Zambia - - -
Armenia - - -
Barbados - - -
Benin - - -
Bermuda - - -
Georgia - - -
Jamaica - - -
Kuwait - - -
Lebanon - - -
Montenegro - - -
Madagascar - - -
Mongolia - - -
Norway - - -
Rwanda - - -
Singapore - - -
Senegal - - -
Thailand - - -
Taiwan - -0.1 -0.1

Sector mix (%)

30-Sep-2024
Long Short Net
Information Technology 10.3 -0.6 9.7
Consumer Staples 9.5 - 9.5
Consumer Disc. 7.8 -1.0 6.8
Industrials 6.5 -0.2 6.3
Communication Services 4.6 -0.2 4.5
Health Care 4.3 -0.1 4.2
Financials 4.6 -0.6 4.0
Materials 2.9 - 2.9
Energy 2.6 - 2.6
Utilities 1.5 - 1.4
Real Estate - - -

Portfolio managers