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Alternative Equity Focus
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Click for more information on Fundata’s ESG Grade
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|
NAVPS (12-20-2024) |
$17.25 |
|---|---|
| Change |
$0.07
(0.42%)
|
As at November 30, 2024
As at September 30, 2024
As at July 31, 2024
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Inception Return (October 16, 2020): 14.75%
| 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 | 5.34% | 6.99% | 9.47% | 21.75% | 23.09% | 16.13% | 11.07% | 14.49% | - | - | - | - | - | - |
| Benchmark | 6.37% | 10.66% | 16.91% | 25.77% | 30.69% | 15.61% | 10.90% | 13.91% | 11.92% | 12.54% | 10.25% | 10.17% | 10.75% | 8.96% |
| Category Average | 2.82% | 5.16% | 8.23% | 18.68% | 23.73% | 10.56% | 6.75% | 9.47% | 8.00% | - | - | - | - | - |
| Category Rank | 70 / 228 | 106 / 215 | 114 / 205 | 70 / 174 | 85 / 174 | 48 / 149 | 34 / 127 | 24 / 92 | - | - | - | - | - | - |
| Quartile Ranking | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | - | - | - | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.10% | 2.47% | 5.77% | 2.51% | -1.40% | 1.51% | 0.05% | 2.34% | -0.07% | 0.74% | 0.82% | 5.34% |
| Benchmark | 3.91% | 0.55% | 1.82% | 4.14% | -1.82% | 2.77% | -1.42% | 5.87% | 1.22% | 3.15% | 0.85% | 6.37% |
7.63% (November 2020)
-6.06% (June 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 27.28% | -5.89% | 13.70% |
| 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 | - | - | - | - | - | - | - | 1 | 3 | 2 |
| Category Rank | - | - | - | - | - | - | - | 23/ 101 | 69/ 127 | 53/ 154 |
27.28% (2021)
-5.89% (2022)
| Name | Percent |
|---|---|
| US Equity | 55.25 |
| Canadian Equity | 21.75 |
| Cash and Equivalents | 18.80 |
| International Equity | 2.27 |
| Income Trust Units | 1.92 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Consumer Services | 21.70 |
| Financial Services | 20.12 |
| Cash and Cash Equivalent | 18.80 |
| Technology | 7.51 |
| Basic Materials | 7.28 |
| Other | 24.59 |
| Name | Percent |
|---|---|
| North America | 97.73 |
| Europe | 2.27 |
| Name | Percent |
|---|---|
| U.S. DOLLAR | 18.80 |
| Blackstone Inc | 4.20 |
| T-Mobile US Inc | 4.11 |
| Dollarama Inc | 3.54 |
| Westinghouse Air Brake Techs Corp | 3.19 |
| Amazon.com Inc | 3.10 |
| Apple Inc | 3.02 |
| Canadian Natural Resources Ltd | 2.94 |
| Progressive Corp | 2.92 |
| Berkshire Hathaway Inc Cl B | 2.78 |
Fidelity Long/Short Alternative Fund Series B
Median
Other - Alternative Equity Focus
| Standard Deviation | 10.19% | - | - |
|---|---|---|---|
| Beta | 0.57% | - | - |
| Alpha | 0.05% | - | - |
| Rsquared | 0.58% | - | - |
| Sharpe | 0.74% | - | - |
| Sortino | 1.33% | - | - |
| Treynor | 0.13% | - | - |
| Tax Efficiency | 99.12% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.31% | 10.19% | - | - |
| Beta | 0.48% | 0.57% | - | - |
| Alpha | 0.08% | 0.05% | - | - |
| Rsquared | 0.35% | 0.58% | - | - |
| Sharpe | 2.28% | 0.74% | - | - |
| Sortino | 10.75% | 1.33% | - | - |
| Treynor | 0.35% | 0.13% | - | - |
| Tax Efficiency | 100.00% | 99.12% | - | - |
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.
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.
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.
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.
| 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) | $165 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2492 |
The Fund aims to provide long-term capital appreciation 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, generally around 30% of its net asset value but may short sell up to 50% of its net asset value, and by investing in derivatives.
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 equities (investing long) of companies that are expected to increase in value and immediately selling equities (investing short) of companies that are expected to decrease in value relative to their comparables and/or to seek to reduce the Fund’s portfolio risk.
| Name | Start Date |
|---|---|
| David Way | 10-16-2020 |
| Fidelity Canada Investment Management | 02-06-2023 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.69% |
|---|---|
| Management Fee | 2.15% |
| 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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