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Fidelity Global Value Long/Short Fund Series B
Alternative Equity Focus
Click for more information on Fundata’s FundGrade
FundGrade D
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
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FundGrade A+® Rating Recipient
2023
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|
NAVPS (05-13-2026) |
$9.30 |
|---|---|
| Change |
-$0.08
(-0.88%)
|
As at April 30, 2026
As at December 31, 2025
As at April 30, 2026
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Fund Returns
Inception Return (October 16, 2020): 1.88%
| 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 | -12.14% | -4.34% | 12.27% | -1.67% | -9.61% | -3.35% | -14.61% | -5.07% | 1.21% | - | - | - | - | - |
| Benchmark | 3.81% | 7.00% | 13.54% | 7.89% | 40.10% | 28.50% | 21.54% | 16.52% | 15.51% | 18.30% | 14.14% | 13.56% | 12.35% | 12.61% |
| Category Average | 4.87% | 4.01% | 7.33% | 6.21% | 24.82% | 15.53% | 14.45% | 10.65% | 8.69% | 11.33% | 8.63% | - | - | - |
| Category Rank | 261 / 263 | 253 / 260 | 55 / 248 | 213 / 250 | 220 / 221 | 163 / 165 | 127 / 128 | 118 / 119 | 87 / 90 | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 1 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -8.84% | -3.06% | 0.07% | 5.27% | -7.61% | -6.40% | 12.81% | 1.21% | 2.79% | 7.16% | 1.60% | -12.14% |
| Benchmark | 5.56% | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% |
Best Monthly Return Since Inception
18.37% (February 2021)
Worst Monthly Return Since Inception
-25.58% (January 2021)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 0.29% | 66.10% | -28.84% | -17.47% | 7.22% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | - | - | 4 | 1 | 4 | 4 | 3 |
| Category Rank | - | - | - | - | - | 79/ 83 | 6/ 107 | 124/ 125 | 145/ 146 | 143/ 199 |
Best Calendar Return (Last 10 years)
66.10% (2022)
Worst Calendar Return (Last 10 years)
-28.84% (2023)
Asset Allocation
| Name | Percent |
|---|---|
| International Equity | 50.08 |
| Cash and Equivalents | 36.44 |
| US Equity | 9.71 |
| Canadian Equity | 3.69 |
| Foreign Corporate Bonds | 0.06 |
| Other | 0.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 36.44 |
| Consumer Goods | 30.35 |
| Healthcare | 22.39 |
| Consumer Services | 10.18 |
| Industrial Services | 8.79 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 49.79 |
| Europe | 39.60 |
| Asia | 5.84 |
| Latin America | 2.69 |
| Africa and Middle East | -0.46 |
| Other | 2.54 |
Top Holdings
| Name | Percent |
|---|---|
| U.S. DOLLAR | 25.99 |
| Fidelity U.S. Money Market Investment Trust O | 10.39 |
| British American Tobacco PLC | 4.51 |
| Imperial Brands PLC | 4.23 |
| Metro Inc | 3.59 |
| Diageo PLC | 3.54 |
| Target Corp | 3.52 |
| Pernod Ricard SA | 3.20 |
| Pfizer Inc | 3.11 |
| Cidara Therapeutics Inc | 3.04 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Global Value Long/Short Fund Series B
Median
Other - Alternative Equity Focus
3 Yr Annualized
| Standard Deviation | 25.13% | 24.71% | - |
|---|---|---|---|
| Beta | -0.51 | -0.64 | - |
| Alpha | -0.02 | 0.14 | - |
| Rsquared | 0.05% | 0.11% | - |
| Sharpe | -0.64 | 0.06 | - |
| Sortino | -0.75 | 0.07 | - |
| Treynor | 0.32 | -0.02 | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 25.26% | 25.13% | 24.71% | - |
| Beta | -0.03 | -0.51 | -0.64 | - |
| Alpha | -0.06 | -0.02 | 0.14 | - |
| Rsquared | 0.00% | 0.05% | 0.11% | - |
| Sharpe | -0.38 | -0.64 | 0.06 | - |
| Sortino | -0.54 | -0.75 | 0.07 | - |
| Treynor | 3.51 | 0.32 | -0.02 | - |
| Tax Efficiency | - | - | - | - |
Fundata ESG Metrics
Fundata ESG Score
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.
Fundata E Score
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.
Fundata S Score
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.
Fundata G Score
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.
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) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| FID2146 |
Investment Objectives
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.
Investment Strategy
To meet the Fund’s objectives, the portfolio management team: Uses both long and short equity exposures of primarily developed market equity and credit securities across different countries and regions. Employs a value-oriented investment approach that seeks to identify securities that are trading at discounts (long positions) or premiums (short positions) to the estimates of their intrinsic value.
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 | 2.66% |
|---|---|
| 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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