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Fidelity Global Value Long/Short Fund Series B

Alternative Equity Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

Click for more information on Fundata’s FundGrade

NAVPS
(04-19-2024)
$10.66
Change
$0.19 (1.82%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Fidelity Global Value Long/Short Fund Series B

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Fund Returns

Inception Return (October 16, 2020): 3.52%

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 -1.87% -11.53% -24.21% -11.53% -33.04% -4.07% 4.60% - - - - - - -
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 2.33% 13.77% 13.77% 8.40% 14.38% 5.99% 5.81% 11.19% - - - - - -
Category Rank 185 / 189 163 / 166 158 / 160 163 / 166 151 / 151 127 / 134 62 / 101 - - - - - - -
Quartile Ranking 4 4 4 4 4 4 3 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 5.80% -11.75% -6.47% -11.29% 10.32% 3.38% 2.94% -9.41% -8.13% 5.63% -14.65% -1.87%
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%

Best Monthly Return Since Inception

18.37% (February 2021)

Worst Monthly Return Since Inception

-25.58% (January 2021)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 0.29% 66.10% -28.84%
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 - - - - - - - 4 1 4
Category Rank - - - - - - - 92/ 97 6/ 123 148/ 149

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 58.71
Cash and Equivalents 36.42
Canadian Equity 11.99
US Equity -7.12

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 36.42
Consumer Goods 36.11
Healthcare 20.59
Energy 5.25
Industrial Services 5.09
Other -3.46

Geographic Allocation

Geographic Allocation
Name Percent
Europe 40.71
North America 40.10
Asia 13.71
Latin America 5.49
Africa and Middle East 0.00
Other -0.01

Top Holdings

Top Holdings
Name Percent
U.S. DOLLAR 36.26
Nestle SA Cl N 5.51
Johnson & Johnson 5.22
TMX Group Ltd 5.17
Metro Inc 5.04
Diageo PLC 5.00
Philip Morris International Inc 4.92
British American Tobacco PLC 4.87
Imperial Brands PLC 4.82
Pfizer Inc 4.79

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Global Value Long/Short Fund Series B

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 26.11% - -
Beta -0.72% - -
Alpha 0.15% - -
Rsquared 0.13% - -
Sharpe 0.20% - -
Sortino 0.26% - -
Treynor -0.07% - -
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 28.93% 26.11% - -
Beta -0.69% -0.72% - -
Alpha -0.26% 0.15% - -
Rsquared 0.09% 0.13% - -
Sharpe -1.39% 0.20% - -
Sortino -1.44% 0.26% - -
Treynor 0.59% -0.07% - -
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 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) $61

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 Manager(s)

Name Start Date
Daniel Dupont 10-16-2020
Fidelity Canada Investment Management 02-06-2023

Management and Organization

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

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 2.71%
Management Fee 2.15%
Load Front 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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