Fund code: 7646

  • NAV $24.86 $0.06 / 0.24%
    22-Nov-2024
  • Inception 03-Oct-2023
  • Benchmark MSCI All Country World Index
  • Aggregate exposure
    Long 98.7%
    Short -4.9%
    Net 93.8%
    Cash 6.2%
    30-Sep-2024
  • Aggregate assets
    (all series)     $3.786B
    31-Oct-2024
  • MER 2.29%
    31-Mar-2024
  • Distributions
  • Morningstar category Global Equity
  • Also available through ETF Series CDN$, ETF Series US$, Trust US$ and Trust T-Series
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 31-Oct-2024

YTD 2024
Fund 18.43

Standard period returns (%) 31-Oct-2024

1 mo 3 mo 6 mo 1 yr Inception
Fund 1.05 1.80 9.33 28.40 27.13

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 (%)

30-Sep-2024
  • Fund name Percentage
    Fidelity Greater Canada Fund - Series O 33.2
    Fidelity Canadian Large Cap Multi-Asset Base Fund 23.2
  • Fund name Percentage
    Fidelity Global Innovators Investment Trust 33.4
  • Fund name Percentage
    Fidelity Global Value Long/Short Fund - Series O 10.1
  • Fund name Percentage
    Net other assets 0.1
    Fidelity Canadian Money Market Investment Trust 0.0

Allocation

Asset mix (%)

30-Sep-2024
Long Short Net
Foreign Equities 65.6 -4.9 60.7
Canadian Equities 32.4 -0.1 32.3
Convertibles 0.5 - 0.5
Foreign Bonds 0.2 - 0.2
Cash & Other 6.6 -0.4 6.2

Country mix (%)

30-Sep-2024
Long Short Net
United States 57.1 -4.6 52.4
Canada 32.4 -0.1 32.3
United Kingdom 5.6 - 5.6
China 2.5 - 2.5
Germany 1.2 - 1.2
France 0.8 - 0.8
Switzerland 0.7 -0.1 0.6
Japan 0.5 - 0.5
Israel 0.5 - 0.5
Belgium 0.5 - 0.5
Netherlands 0.4 - 0.4
Italy 0.4 - 0.4
Grand Cayman (UK Overseas Territory) 0.3 - 0.3
South Korea 0.3 - 0.3
Spain 0.2 - 0.2
Denmark 0.2 - 0.2
Greece 0.1 - 0.1
Ireland - - -
Kazakhstan - - -
India - - -
Australia - - -
Taiwan - -0.1 -0.1

Sector mix (%)

30-Sep-2024
Long Short Net
Information Technology 18.8 -1.2 17.6
Consumer Staples 17.4 - 17.4
Consumer Disc. 14.1 -1.9 12.1
Industrials 11.8 -0.4 11.4
Communication Services 8.2 -0.3 7.9
Health Care 7.9 -0.2 7.7
Financials 8.3 -0.9 7.5
Materials 5.3 - 5.3
Energy 4.3 - 4.3
Utilities 2.5 -0.1 2.4
Real Estate - - -

Portfolio managers