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Alternative Equity Focus
|
NAVPS (07-23-2025) |
$12.58 |
|---|---|
| Change |
$0.01
(0.11%)
|
As at June 30, 2025
As at March 31, 2025
Inception Return (February 01, 2024): 15.76%
| 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 | 1.94% | 7.83% | 5.88% | 5.88% | 15.14% | - | - | - | - | - | - | - | - | - |
| Benchmark | 2.91% | 8.53% | 10.17% | 10.17% | 26.37% | 19.03% | 16.09% | 10.74% | 15.02% | 11.96% | 10.77% | 10.72% | 10.76% | 9.61% |
| Category Average | 3.60% | 6.84% | 5.72% | 5.72% | 12.00% | 13.59% | 10.27% | 6.62% | 9.88% | 7.64% | - | - | - | - |
| Category Rank | 153 / 246 | 74 / 233 | 74 / 224 | 74 / 224 | 66 / 198 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 2 | 2 | 2 | 2 | - | - | - | - | - | - | - | - | - |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.41% | -1.18% | 3.12% | 1.32% | 4.84% | -3.79% | -0.41% | 0.50% | -1.89% | 0.81% | 4.93% | 1.94% |
| Benchmark | 5.87% | 1.22% | 3.15% | 0.85% | 6.37% | -3.27% | 3.48% | -0.40% | -1.51% | -0.10% | 5.56% | 2.91% |
4.93% (May 2025)
-3.79% (December 2024)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
-
-
| Name | Percent |
|---|---|
| Canadian Equity | 90.87 |
| Income Trust Units | 4.42 |
| Cash and Equivalents | 2.14 |
| US Equity | 1.43 |
| International Equity | 1.14 |
| Name | Percent |
|---|---|
| Financial Services | 30.04 |
| Basic Materials | 15.65 |
| Energy | 14.31 |
| Technology | 10.39 |
| Industrial Services | 7.44 |
| Other | 22.17 |
| Name | Percent |
|---|---|
| North America | 95.69 |
| Latin America | 3.19 |
| Europe | 1.14 |
| Name | Percent |
|---|---|
| Royal Bank of Canada | 2.52 |
| Toronto-Dominion Bank | 2.42 |
| Manulife Financial Corp | 2.41 |
| Brookfield Asset Management Ltd Cl A | 2.35 |
| Fairfax Financial Holdings Ltd | 2.33 |
| Canadian Imperial Bank of Commerce | 2.27 |
| Intact Financial Corp | 2.24 |
| Brookfield Infrastructure Partners LP - Units | 2.14 |
| Fortis Inc | 2.13 |
| Waste Connections Inc | 2.13 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.63% | - | - | - |
| Beta | 0.81% | - | - | - |
| Alpha | -0.05% | - | - | - |
| Rsquared | 0.79% | - | - | - |
| Sharpe | 1.17% | - | - | - |
| Sortino | 2.40% | - | - | - |
| Treynor | 0.14% | - | - | - |
| Tax Efficiency | - | - | - | - |
| 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) | $6 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID7769 |
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.
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 |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
- |
| Registrar |
- |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.47% |
|---|---|
| Management Fee | - |
| 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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