Fund code: 7769

  • NAV $11.78 $0.07 / 0.61%
    06-Nov-2024
  • Inception 01-Feb-2024
  • Benchmark S&P/TSX Capped Composite Index
  • Aggregate exposure
    Long 126.8%
    Short -30.6%
    Net 96.2%
    Cash 3.8%
    30-Sep-2024
  • Aggregate assets
    (all series)     $15.8M
    31-Oct-2024
  • MER 2.47%
    30-Jun-2024
  • Distributions Annually
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, 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?

  • 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.

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-Sep-2024
Long Short Net
Canadian Equities 125.9 -30.0 95.9
Foreign Equities 0.9 -0.6 0.3
Cash & Other 3.8 - 3.8

Sector mix (%)

30-Sep-2024
Long Short Net
Financials 29.7 -7.9 21.8
Energy 18.9 -5.4 13.4
Materials 17.4 -3.9 13.4
Industrials 16.5 -4.5 11.9
Utilities 12.5 -2.9 9.6
Information Technology 10.7 -2.2 8.5
Communication Services 8.9 -0.7 8.2
Consumer Staples 4.2 -0.7 3.6
Consumer Disc. 4.5 -1.3 3.1
Real Estate 2.9 -0.6 2.3
Health Care 0.7 -0.3 0.4

Top ten holdings

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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Portfolio managers