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Fidelity Canadian Long/Short Alternative Fund Series B

Alternative Equity Focus

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(10-09-2024)
$11.44
Change
$0.07 (0.57%)

As at September 30, 2024

As at June 30, 2024

As at July 31, 2024

Period
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Legend

Fidelity Canadian Long/Short Alternative Fund Series B

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Fund Returns

Inception Return (February 01, 2024): 13.59%

Fund Returns
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 3.12% 6.40% 9.93% - - - - - - - - - - -
Benchmark 3.15% 10.54% 9.96% 17.24% 26.74% 17.83% 9.52% 13.87% 10.95% 10.29% 9.65% 9.59% 10.09% 8.09%
Category Average 1.73% 6.01% 6.01% 14.81% 20.48% 11.52% 5.93% 9.59% 7.73% - - - - -
Category Rank 46 / 211 64 / 207 44 / 192 - - - - - - - - - - -
Quartile Ranking 1 2 1 - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund - - - - - 4.23% -1.45% 3.73% 1.06% 4.41% -1.18% 3.12%
Benchmark -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22% 3.15%

Best Monthly Return Since Inception

4.41% (July 2024)

Worst Monthly Return Since Inception

-1.45% (April 2024)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - -
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

-

Worst Calendar Return (Last 10 years)

-

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 93.16
Income Trust Units 4.47
US Equity 1.38
International Equity 0.94
Cash and Equivalents 0.04
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 23.07
Basic Materials 18.01
Energy 11.63
Real Estate 7.79
Utilities 7.47
Other 32.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.99
Latin America 2.07
Europe 0.94

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 2.60
Bank of Montreal 2.40
Manulife Financial Corp 2.35
Fairfax Financial Holdings Ltd 2.26
BCE Inc 2.24
Intact Financial Corp 2.24
Telus Corp 2.18
Rogers Communications Inc Cl B 2.17
Fortis Inc 2.14
Power Corp of Canada 2.13

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating  out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

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 February 01, 2024
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $4

Fund Codes

FundServ Code Load Code Sales Status
FID7769

Investment Objectives

The Fund invests primarily in long and short positions of equity securities of Canadian companies and 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. The Fund uses quantitative techniques in the construction of its portfolio.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: • Will maintain both long and short exposures to a portfolio of primarily Canadian equities which involves simultaneously investing in equities (investing long) of companies that are expected to outperform the S&P/TSX Capped Composite Index and selling equities (investing short) of companies that are expected to underperform the S&P/TSX Capped Composite Index.

Portfolio Manager(s)

Name Start Date
Reetu Kumra 02-06-2024

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian -
Registrar -
Distributor -
Auditor PricewaterhouseCoopers LLP

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 -
Management Fee -
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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