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Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (12-20-2024) |
$10.07 |
|---|---|
| Change |
-$0.01
(-0.15%)
|
As at November 30, 2024
As at September 30, 2024
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Inception Return (October 16, 2020): -0.02%
| 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 | -0.30% | -1.16% | -0.23% | 2.10% | 1.75% | 4.21% | 4.34% | 1.01% | - | - | - | - | - | - |
| 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 | 0.66% | 2.22% | 3.86% | 8.83% | 9.05% | 6.64% | 4.12% | 1.58% | 0.05% | - | - | - | - | - |
| Category Rank | 29 / 34 | 30 / 34 | 26 / 28 | 27 / 27 | 26 / 27 | 22 / 27 | 17 / 27 | 22 / 23 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | - | - | - | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.35% | 0.16% | 1.54% | 0.52% | -0.91% | 1.04% | 1.53% | 0.43% | -1.02% | 0.60% | -1.44% | -0.30% |
| 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% |
2.35% (September 2022)
-5.26% (March 2021)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | -7.17% | 4.14% | 5.46% |
| Benchmark | 10.55% | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% |
| Category Average | - | - | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% |
| Quartile Ranking | - | - | - | - | - | - | - | 4 | 2 | 2 |
| Category Rank | - | - | - | - | - | - | - | 22/ 23 | 12/ 27 | 7/ 27 |
5.46% (2023)
-7.17% (2021)
| Name | Percent |
|---|---|
| Cash and Equivalents | 98.39 |
| Canadian Equity | 24.09 |
| Income Trust Units | -1.08 |
| International Equity | -5.22 |
| US Equity | -16.18 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 98.39 |
| Consumer Services | 12.67 |
| Real Estate | 3.42 |
| Basic Materials | 2.61 |
| Utilities | 0.43 |
| Other | -17.52 |
| Name | Percent |
|---|---|
| North America | 105.22 |
| Africa and Middle East | 1.69 |
| Latin America | -1.38 |
| Europe | -5.53 |
| Name | Percent |
|---|---|
| Cash and Cash equivalents | 98.80 |
| Floor & Decor Holdings Inc Cl A | 3.02 |
| FTAI Aviation Ltd | 2.97 |
| Aritzia Inc | 2.94 |
| PulteGroup Inc | 2.89 |
| Saia Inc | 2.83 |
| Fairfax Financial Holdings Ltd | 2.82 |
| Fiserv Inc | 2.81 |
| Empire Co Ltd Cl A | 2.73 |
| Colliers International Group Inc | 2.71 |
Fidelity Market Neutral Alternative Fund Series B
Median
Other - Alternative Market Neutrl
| Standard Deviation | 4.26% | - | - |
|---|---|---|---|
| Beta | 0.01% | - | - |
| Alpha | 0.04% | - | - |
| Rsquared | 0.00% | - | - |
| Sharpe | 0.19% | - | - |
| Sortino | 0.43% | - | - |
| Treynor | 1.06% | - | - |
| Tax Efficiency | 100.00% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.39% | 4.26% | - | - |
| Beta | 0.03% | 0.01% | - | - |
| Alpha | 0.01% | 0.04% | - | - |
| Rsquared | 0.00% | 0.00% | - | - |
| Sharpe | -0.80% | 0.19% | - | - |
| Sortino | -0.48% | 0.43% | - | - |
| Treynor | -1.02% | 1.06% | - | - |
| Tax Efficiency | 100.00% | 100.00% | - | - |
| 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) | $9 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2139 |
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.
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.
| Name | Start Date |
|---|---|
| Brett Dley | 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 | 2.64% |
|---|---|
| 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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