(As of 4/30/2024)

Fidelity Global Value Long/Short Fund Ser B

(Alternative Equity Focused)
FundGrade A+® Rating recipient
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Inception Return
(10/16/2020)
4.95 %
YTD Return -6.85 %
NAVPS
(5/24/2024)
$10.52
Change ($0.20) / -1.83 %
Growth of $10,000 (As of April 30, 2024)
MER 2.71 %
Assets ($mil) $66.48
Rank (1Yr) 155/156
Std Dev (3Yr) -
Volatility Ranking (3Yr) 10/10
RRSP Eligibility Yes
Load Back Fee Only
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
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.
Fund Manager

Fidelity Investments Canada ULC

Portfolio Manager

Daniel Dupont, Fidelity Investments Canada ULC

Sub-Advisor

Fidelity Canada Investment Management

 
Asset Allocation
(As of December 31, 2023)
Sector Allocation
(As of December 31, 2023)
Geographic Allocation
(As of December 31, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
U.S. DOLLARCash and EquivalentsCash and Cash EquivalentUnited States36.26%
Nestle SA Cl NInternational EquityConsumer GoodsOther European5.51%
Johnson & JohnsonUS EquityHealthcareUnited States5.22%
TMX Group LtdCanadian EquityFinancial ServicesCanada5.17%
Metro IncCanadian EquityConsumer ServicesCanada5.04%
Diageo PLCInternational EquityConsumer GoodsEuropean Union5.00%
Philip Morris International IncUS EquityConsumer GoodsUnited States4.92%
British American Tobacco PLCInternational EquityConsumer GoodsEuropean Union4.87%
Imperial Brands PLCInternational EquityConsumer GoodsEuropean Union4.82%
Pfizer IncUS EquityHealthcareUnited States4.79%

Performance Data (As of April 30, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 5.29 -11.82 -22.48 -6.85 -33.36 4.36 -    -   
Benchmark -1.82 4.10 16.91 4.68 8.73 7.59 8.86 7.22
Quartile Ranking 1 4 4 4 4 3 - -

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund -28.84 66.10 0.29 -      -      -      -      -      -      -     
Benchmark 11.75 -5.84 25.09 5.60 22.88 -8.89 9.10 21.08 -8.32 10.55
Quartile Ranking 4 1 4 - - - - - - -

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