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Fidelity Market Neutral Alternative Fund Series B
Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-28-2026) |
$9.94 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at June 30, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (October 16, 2020): 0.48%
| 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 | 0.39% | 1.33% | 2.77% | 2.77% | 2.91% | 0.53% | 1.70% | 4.17% | 3.40% | - | - | - | - | - |
| 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 | 0.01% | 0.34% | 0.60% | 0.60% | 3.43% | 4.71% | 5.63% | 5.25% | 1.98% | 2.63% | 1.20% | - | - | - |
| Category Rank | 18 / 40 | 18 / 40 | 16 / 40 | 16 / 40 | 22 / 40 | 34 / 37 | 31 / 34 | 17 / 31 | 15 / 26 | - | - | - | - | - |
| Quartile Ranking | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 3 | 3 | - | - | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -2.27% | -2.09% | 0.63% | 3.13% | 1.72% | -0.87% | -0.53% | 2.18% | -0.22% | 1.11% | -0.17% | 0.39% |
| 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
3.13% (October 2025)
Worst Monthly Return Since Inception
-5.26% (March 2021)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | -7.17% | 4.14% | 5.46% | 3.15% | -0.93% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% | 9.41% | 5.55% |
| Quartile Ranking | - | - | - | - | - | 4 | 2 | 1 | 4 | 4 |
| Category Rank | - | - | - | - | - | 22/ 23 | 12/ 31 | 7/ 34 | 32/ 34 | 37/ 40 |
Best Calendar Return (Last 10 years)
5.46% (2023)
Worst Calendar Return (Last 10 years)
-7.17% (2021)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 100.40 |
| Canadian Equity | 11.48 |
| International Equity | 2.80 |
| Income Trust Units | -0.95 |
| US Equity | -13.79 |
| Other | 0.06 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 100.40 |
| Industrial Goods | 7.38 |
| Technology | 0.93 |
| Consumer Goods | 0.82 |
| Consumer Services | 0.44 |
| Other | -9.97 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 97.14 |
| Europe | 2.69 |
| Africa and Middle East | 1.15 |
| Asia | -0.01 |
| Latin America | -1.01 |
| Other | 0.04 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash equivalents | 63.37 |
| Fidelity Canadian Money Market Investment Trust O | 37.71 |
| Aritzia Inc | 4.67 |
| Caterpillar Inc | 4.58 |
| XPO Logistics Inc | 3.93 |
| Alphabet Inc Cl C | 3.71 |
| Finning International Inc | 3.30 |
| Raytheon Technologies Corp | 3.25 |
| Knight-Swift Transportation Hldgs Inc - Commn Cl A | 3.10 |
| CACI International Inc Cl A | 2.90 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Market Neutral Alternative Fund Series B
Median
Other - Alternative Market Neutrl
3 Yr Annualized
| Standard Deviation | 4.55% | 4.54% | - |
|---|---|---|---|
| Beta | 0.03 | 0.02 | - |
| Alpha | 0.01 | 0.03 | - |
| Rsquared | 0.01% | 0.00% | - |
| Sharpe | -0.38 | 0.11 | - |
| Sortino | -0.35 | 0.13 | - |
| Treynor | -0.55 | 0.32 | - |
| Tax Efficiency | 100.00% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.64% | 4.55% | 4.54% | - |
| Beta | 0.11 | 0.03 | 0.02 | - |
| Alpha | 0.00 | 0.01 | 0.03 | - |
| Rsquared | 0.05% | 0.01% | 0.00% | - |
| Sharpe | 0.12 | -0.38 | 0.11 | - |
| Sortino | 0.01 | -0.35 | 0.13 | - |
| Treynor | 0.06 | -0.55 | 0.32 | - |
| Tax Efficiency | 100.00% | 100.00% | - | - |
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) | $49 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2139 |
Investment Objectives
The Fund aims to provide long-term capital appreciation with low correlation to major equity markets 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 of up to 100% 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 growth oriented equities (investing long) of companies whose magnitude and duration of growth is apparently faster and longer than the market expectation and immediately selling equities (investing short) of companies with decelerating growth rates or facing increased competition.
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 | 2.62% |
|---|---|
| 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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