• NAV $11.24 31-Jul-2026
  • -$0.01 / -0.06% Daily NAV change
  • MARKET PRICE 31-Jul-2026
  • $11.31   
  • Inception 27-Jan-2026
  • Aggregate exposure
    Long 121.5%
    Short -33.0%
    Net 88.5%
    Cash 11.5%
    30-Jun-2026
  • Aggregate assets
    (all series)
    $43.7M
    31-Jul-2026
  • Units outstanding 915,000
    31-Jul-2026
  • Management fee 1.15%
  • Investment program DRIP
  • Distributions Annually
  • Benchmark MSCI World Index
  • Exchange Toronto Stock Exchange
  • CUSIP 316209105
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$, 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?

  • Adaptable active strategy: Research guides exposure shifts across changing market conditions
  • Global investment universe: Broad access across regions, sectors and market caps
  • Research-driven idea generation: Insights sourced from Fidelity’s global research platform
  • Structural and tactical positioning: Combines long-term convictions with short-term opportunities

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

Asset mix (%)

30-Jun-2026
Long Short Net
Foreign Equities 118.3 -28.9 89.5
Canadian Equities 3.1 -4.1 -1.0
Cash & Other 13.9 -2.4 11.5

Country mix (%)

30-Jun-2026
Long Short Net
United States 43.2 -21.9 21.3
Netherlands 10.2 -0.8 9.4
Germany 10.2 -1.1 9.0
United Kingdom 10.6 -1.6 9.0
Japan 6.9 - 6.9
France 7.0 -0.5 6.5
Sweden 6.5 -0.8 5.7
China 5.3 - 5.3
South Korea 4.1 -0.5 3.5
Switzerland 4.5 -1.3 3.2
Denmark 3.0 - 3.0
Australia 2.7 - 2.7
Hong Kong 2.6 - 2.6
Belgium 2.6 - 2.6
Italy 2.4 -0.3 2.1
Taiwan 1.6 - 1.6
Ireland 1.5 - 1.5
Brazil 1.2 - 1.2
Multinational - - -
Austria - -0.4 -0.4
Canada 3.1 -3.7 -0.6

Sector mix (%)

30-Jun-2026
Long Short Net
Industrials 35.9 -6.6 29.3
Information Technology 27.2 -6.0 21.2
Health Care 15.6 -1.6 14.0
Consumer Disc. 14.9 -4.9 10.0
Materials 9.9 -3.0 7.0
Consumer Staples 7.1 -1.7 5.4
Energy 4.1 -0.4 3.7
Communication Services 1.4 -1.2 0.2
Financials 5.4 -5.7 -0.3
Real Estate - -0.3 -0.3
Utilities - -1.6 -1.6

Top ten holdings

  1. Taiwan Semiconductor Manufacturing
  2. ASML Holding
  3. VESTAS WIND SYSTEMS AS
  4. ARCELORMITTAL SA (NETH)
  5. LISI
  6. Diploma PLC
  7. Westinghouse Air Brake Technologies
  8. ZOOM COMMUNICATIONS INC CL A
  9. SIGMAROC PLC
  10. BMW AG (BAYER MTR WKS) (GERW)
Top ten long holdings aggregate 32.7%
Top ten short holdings aggregate -5.0%
Total number of holdings 137
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