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Fidelity Canadian Long/Short Alternative Fund Series B

Alternative Equity Focus

NAVPS
(06-12-2024)
$10.67
Change
$0.18 (1.69%)

As at May 31, 2024

As at March 31, 2024

No data available


Fund Returns

Inception Return (February 01, 2024): 5.64%

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 3.73% 6.55% - - - - - - - - - - - -
Benchmark 2.77% 5.07% 11.79% 7.58% 17.55% 7.08% 7.35% 13.44% 10.14% 8.92% 8.75% 9.19% 7.72% 7.53%
Category Average 2.48% 14.37% 14.37% 9.70% 17.34% 6.96% 4.98% 9.49% 7.13% - - - - -
Category Rank 47 / 186 29 / 186 - - - - - - - - - - - -
Quartile Ranking 2 1 - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund - - - - - - - - - 4.23% -1.45% 3.73%
Benchmark 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77%

Best Monthly Return Since Inception

4.23% (March 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 91.59
Income Trust Units 5.54
US Equity 1.85
International Equity 0.97
Cash and Equivalents 0.04
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 21.78
Basic Materials 20.16
Utilities 9.19
Energy 7.99
Real Estate 7.36
Other 33.52

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.99
Latin America 3.04
Europe 0.97

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 2.46
Bank of Montreal 2.33
Brookfield Corp Cl A 2.28
Manulife Financial Corp 2.26
Sun Life Financial Inc 2.15
BCE Inc 2.14
Intact Financial Corp 2.09
Telus Corp 2.08
Rogers Communications Inc Cl B 2.06
Fortis Inc 2.05

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 Not Available

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 - - - -

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

-

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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