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Alternative Market Neutrl
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|
NAVPS (04-30-2024) |
$9.91 |
|---|---|
| Change |
-$0.05
(-0.52%)
|
As at March 31, 2024
As at December 31, 2023
As at February 29, 2024
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Inception Return (October 16, 2020): 0.00%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.52% | 2.22% | 1.75% | 2.22% | 6.65% | 5.44% | 4.48% | - | - | - | - | - | - | - |
| Benchmark | 4.14% | 6.62% | 15.26% | 6.62% | 13.96% | 3.95% | 9.11% | 16.99% | 9.96% | 9.65% | 8.48% | 9.70% | 7.76% | 7.67% |
| Category Average | 1.10% | 4.60% | 4.60% | 3.73% | 7.21% | 3.35% | 0.05% | 1.49% | - | - | - | - | - | - |
| Category Rank | 21 / 24 | 19 / 23 | 21 / 23 | 19 / 23 | 8 / 23 | 10 / 23 | 10 / 19 | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 2 | 2 | 3 | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.63% | 1.20% | 2.28% | -1.78% | 0.82% | 1.62% | -0.59% | 0.48% | -0.35% | 0.16% | 1.54% | 0.52% |
| Benchmark | 2.90% | -4.95% | 3.36% | 2.58% | -1.37% | -3.33% | -3.21% | 7.48% | 3.91% | 0.55% | 1.82% | 4.14% |
2.35% (September 2022)
-5.26% (March 2021)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | -7.17% | 4.14% | 5.46% |
| Benchmark | 10.55% | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% |
| Category Average | - | - | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% |
| Quartile Ranking | - | - | - | - | - | - | - | 4 | 2 | 2 |
| Category Rank | - | - | - | - | - | - | - | 18/ 19 | 8/ 23 | 7/ 23 |
5.46% (2023)
-7.17% (2021)
| Name | Percent |
|---|---|
| Cash and Equivalents | 99.92 |
| Canadian Equity | 16.76 |
| International Equity | -2.97 |
| US Equity | -13.72 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 99.93 |
| Basic Materials | 3.02 |
| Real Estate | 2.60 |
| Industrial Goods | 0.77 |
| Utilities | 0.50 |
| Other | -6.82 |
| Name | Percent |
|---|---|
| North America | 102.97 |
| Latin America | -0.91 |
| Europe | -2.06 |
| Name | Percent |
|---|---|
| Cash and Cash equivalents | 100.90 |
| Rogers Communications Inc Cl B | 3.36 |
| CGI Inc Cl A | 3.06 |
| GoDaddy Inc Cl A | 3.05 |
| Colliers International Group Inc | 3.02 |
| Union Pacific Corp | 2.94 |
| Open Text Corp | 2.81 |
| Shopify Inc Cl A | 2.79 |
| Shift4 Payments Inc Cl A | 2.77 |
| Fairfax Financial Holdings Ltd | 2.65 |
Fidelity Market Neutral Alternative Fund Series B
Median
Other - Alternative Market Neutrl
| Standard Deviation | 4.20% | - | - |
|---|---|---|---|
| Beta | 0.00% | - | - |
| Alpha | 0.04% | - | - |
| Rsquared | 0.00% | - | - |
| Sharpe | 0.44% | - | - |
| Sortino | 0.49% | - | - |
| Treynor | -6.64% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.81% | 4.20% | - | - |
| Beta | -0.04% | 0.00% | - | - |
| Alpha | 0.07% | 0.04% | - | - |
| Rsquared | 0.02% | 0.00% | - | - |
| Sharpe | 0.47% | 0.44% | - | - |
| Sortino | 1.55% | 0.49% | - | - |
| Treynor | -0.45% | -6.64% | - | - |
| Tax Efficiency | 100.00% | - | - | - |
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
| Start Date | October 16, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $9 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2139 |
The Fund aims to provide long-term capital appreciation with low correlation to major equity markets by investing primarily in long and short positions of equity securities of companies located in Canada and/or the United States. The Fund may use leverage through the use of short selling of up to 100% of its net asset value and by investing in derivatives.
To meet the Fund’s objectives, the portfolio management team: Will maintain both long and short exposure to a diversified portfolio of primarily Canadian and U.S. equities which involves simultaneously investing in growth oriented equities (investing long) of companies whose magnitude and duration of growth is apparently faster and longer than the market expectation and immediately selling equities (investing short) of companies with decelerating growth rates or facing increased competition.
| Name | Start Date |
|---|---|
| Brett Dley | 10-16-2020 |
| Fidelity Canada Investment Management | 02-06-2023 |
| Fund Manager | Fidelity Investments Canada ULC |
|---|---|
| Advisor | Fidelity Investments Canada ULC |
| Custodian | State Street Trust Company Canada |
| Registrar | Fidelity Investments Canada ULC |
| Distributor | Fidelity Investments Canada ULC |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.64% |
|---|---|
| Management Fee | 2.15% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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