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Fidelity Long/Short Alternative Fund Series B
Alternative Equity Focus
Click for more information on Fundata’s FundGrade
FundGrade C
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade B
Click for more information on Fundata’s ESG Grade.
|
NAVPS (07-10-2026) |
$19.53 |
|---|---|
| Change |
$0.07
(0.38%)
|
As at June 30, 2026
As at March 31, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (October 16, 2020): 12.24%
| 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 | 1.16% | 6.50% | 4.48% | 4.48% | 9.39% | 9.48% | 12.17% | 13.40% | 9.21% | - | - | - | - | - |
| Benchmark | 0.50% | 6.96% | 11.16% | 11.16% | 32.87% | 29.58% | 23.48% | 20.08% | 14.85% | 17.82% | 14.73% | 13.31% | 12.99% | 12.79% |
| Category Average | 1.03% | 8.93% | 10.33% | 10.33% | 20.44% | 16.13% | 15.82% | 12.72% | 9.25% | 11.57% | 9.38% | - | - | - |
| Category Rank | 160 / 258 | 141 / 256 | 187 / 242 | 187 / 242 | 162 / 220 | 110 / 166 | 73 / 124 | 55 / 114 | 41 / 90 | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | - | - | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.79% | -0.10% | 1.23% | -0.69% | 2.49% | -0.07% | 0.23% | 3.84% | -5.73% | 4.98% | 0.29% | 1.16% |
| Benchmark | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% |
Best Monthly Return Since Inception
7.63% (November 2020)
Worst Monthly Return Since Inception
-6.06% (June 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 27.28% | -5.89% | 13.70% | 19.38% | 6.91% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | - | - | 1 | 3 | 2 | 2 | 4 |
| Category Rank | - | - | - | - | - | 20/ 81 | 56/ 103 | 47/ 118 | 67/ 139 | 147/ 191 |
Best Calendar Return (Last 10 years)
27.28% (2021)
Worst Calendar Return (Last 10 years)
-5.89% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 43.89 |
| Canadian Equity | 35.53 |
| Cash and Equivalents | 10.41 |
| International Equity | 7.07 |
| Commodities | 3.07 |
| Other | 0.03 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 20.88 |
| Financial Services | 14.42 |
| Basic Materials | 13.22 |
| Cash and Cash Equivalent | 10.41 |
| Real Estate | 8.08 |
| Other | 32.99 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 89.84 |
| Europe | 4.07 |
| Asia | 3.00 |
| Other | 3.09 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 4.00% 01-Aug-2026 | 4.87 |
| U.S. DOLLAR | 4.52 |
| Alphabet Inc Cl A | 3.82 |
| Franco-Nevada Corp | 3.68 |
| Agnico Eagle Mines Ltd | 3.60 |
| NVIDIA Corp | 3.54 |
| Royal Bank of Canada | 3.54 |
| Toronto-Dominion Bank | 3.23 |
| Meta Platforms Inc Cl A | 3.21 |
| Westinghouse Air Brake Techs Corp | 3.18 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Long/Short Alternative Fund Series B
Median
Other - Alternative Equity Focus
3 Yr Annualized
| Standard Deviation | 8.64% | 9.79% | - |
|---|---|---|---|
| Beta | 0.51 | 0.59 | - |
| Alpha | 0.01 | 0.01 | - |
| Rsquared | 0.41% | 0.57% | - |
| Sharpe | 0.97 | 0.65 | - |
| Sortino | 1.73 | 1.01 | - |
| Treynor | 0.16 | 0.11 | - |
| Tax Efficiency | 100.00% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.22% | 8.64% | 9.79% | - |
| Beta | 0.68 | 0.51 | 0.59 | - |
| Alpha | -0.10 | 0.01 | 0.01 | - |
| Rsquared | 0.61% | 0.41% | 0.57% | - |
| Sharpe | 0.77 | 0.97 | 0.65 | - |
| Sortino | 1.05 | 1.73 | 1.01 | - |
| Treynor | 0.10 | 0.16 | 0.11 | - |
| Tax Efficiency | 100.00% | 100.00% | - | - |
Fundata ESG Metrics
Fundata ESG Score
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.
Fundata E Score
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.
Fundata S Score
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.
Fundata G Score
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.
Fund Details
| 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) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2492 |
Investment Objectives
The Fund aims to provide long-term capital appreciation 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, generally around 30% of its net asset value but may short sell up to 50% of its net asset value, and by investing in derivatives.
Investment Strategy
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 equities (investing long) of companies that are expected to increase in value and immediately selling equities (investing short) of companies that are expected to decrease in value relative to their comparables and/or to seek to reduce the Fund’s portfolio risk.
Portfolio Management
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Canada Investment Management |
Management and Organization
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
Fidelity Investments Canada ULC |
| Distributor |
Fidelity Investments Canada ULC |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.67% |
|---|---|
| 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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