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Fidelity Global Value Long/Short Fund Series B

Alternative Equity Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

Click for more information on Fundata’s FundGrade

NAVPS
(06-12-2025)
$10.13
Change
$0.16 (1.65%)

As at May 31, 2025

As at March 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2021May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025May 2021Jan 2022Sep 2022May 2023Jan 2024Sep 2024$10,000$20,000$7,500$12,500$15,000$17,500$6,000$8,000$12,000$14,000Period

Legend

Fidelity Global Value Long/Short Fund Series B

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Fund Returns

Inception Return (October 16, 2020): 2.44%

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 -8.84% -1.59% 8.85% 6.34% -6.84% -15.65% -7.96% 2.04% - - - - - -
Benchmark 5.56% 3.87% 3.54% 7.05% 21.05% 19.29% 11.55% 10.63% 14.92% 11.89% 10.58% 10.22% 10.45% 8.99%
Category Average 3.94% 0.59% 0.25% 2.06% 8.51% 12.81% 7.46% 5.84% 9.28% 7.35% - - - -
Category Rank 240 / 241 138 / 226 22 / 212 49 / 221 177 / 192 144 / 149 132 / 135 99 / 107 - - - - - -
Quartile Ranking 4 3 1 1 4 4 4 4 - - - - - -

Monthly Return

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -4.26% 6.00% 0.46% 1.69% -5.15% -12.97% 2.36% -1.72% 9.95% 8.07% -0.12% -8.84%
Benchmark -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10% 5.56%

Best Monthly Return Since Inception

18.37% (February 2021)

Worst Monthly Return Since Inception

-25.58% (January 2021)

Calendar Return (%)

Created with Highcharts 10.3.3-50%-25%0%25%50%75%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 0.29% 66.10% -28.84% -17.47%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average - - - - - 5.11% 17.27% -5.96% 6.54% 16.58%
Quartile Ranking - - - - - - 4 1 4 4
Category Rank - - - - - - 95/ 101 6/ 124 141/ 142 157/ 162

Best Calendar Return (Last 10 years)

66.10% (2022)

Worst Calendar Return (Last 10 years)

-28.84% (2023)

Asset Allocation

Asset Allocation
Name Percent
International Equity 55.44
Cash and Equivalents 46.49
Canadian Equity 6.63
Foreign Corporate Bonds 0.12
US Equity -8.67
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 46.49
Consumer Goods 37.81
Healthcare 14.30
Telecommunications 5.84
Consumer Services 3.72
Other -8.16

Geographic Allocation

Geographic Allocation
Name Percent
North America 44.48
Europe 39.45
Asia 8.54
Latin America 7.54
Other -0.01

Top Holdings

Top Holdings
Name Percent
U.S. DOLLAR 26.89
Fidelity U.S. Money Market Investment Trust O 19.61
Imperial Brands PLC 4.69
British American Tobacco PLC 4.21
Bayer AG Cl N 3.88
Diageo PLC 3.70
Nestle SA Cl N 3.68
Metro Inc 3.52
Dollar Tree Inc 3.24
Johnson & Johnson 3.20

Equity Style

Market capitalization is large. Equity style is value.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return24681012141618202224262830323436-40%-30%-20%-10%0%10%20%30%

Fidelity Global Value Long/Short Fund Series B

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 23.41% - -
Beta -0.69% - -
Alpha 0.03% - -
Rsquared 0.16% - -
Sharpe -0.40% - -
Sortino -0.44% - -
Treynor 0.14% - -
Tax Efficiency - - -
Volatility Volatility rating is 10 on a scale of 1 to 10 - -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 23.38% 23.41% - -
Beta -0.99% -0.69% - -
Alpha 0.15% 0.03% - -
Rsquared 0.22% 0.16% - -
Sharpe -0.34% -0.40% - -
Sortino -0.43% -0.44% - -
Treynor 0.08% 0.14% - -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.522.547.847.80%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A35.535.549.549.50%10%20%30%40%50%60%70%80%90%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.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.722.740.140.10%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A12.512.551.351.30%10%20%30%40%50%60%70%80%90%100%

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) $54

Fund Codes

FundServ Code Load Code Sales Status
FID2146

Investment Objectives

The Fund aims to provide long-term capital appreciation by investing primarily in long and short positions of equity securities of companies anywhere in the world. The Fund may use leverage through the use of short selling of up to 50% of its net asset value and by investing in derivatives. The Fund’s gross exposure shall not exceed the limits on the use of leverage or as otherwise permitted under applicable securities legislation and/or regulatory approval.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Uses both long and short equity exposures of primarily developed market equity and credit securities across different countries and regions. Employs a value-oriented investment approach that seeks to identify securities that are trading at discounts (long positions) or premiums (short positions) to the estimates of their intrinsic value.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Daniel Dupont
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 2.66%
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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