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Fidelity Market Neutral Alternative Fund Series B
Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
Click for more information on Fundata’s ESG Grade.
|
NAVPS (05-13-2026) |
$10.22 |
|---|---|
| Change |
$0.05
(0.44%)
|
As at April 30, 2026
As at December 31, 2025
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (October 16, 2020): 0.45%
| 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 | 1.11% | 3.09% | 3.40% | 2.55% | 2.44% | 1.71% | 2.80% | 3.02% | 3.20% | - | - | - | - | - |
| 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 | -0.19% | -0.10% | 0.83% | 0.06% | 4.55% | 5.54% | 5.92% | 4.48% | 2.03% | 2.62% | 1.55% | - | - | - |
| Category Rank | 9 / 39 | 6 / 39 | 8 / 39 | 9 / 39 | 26 / 39 | 28 / 34 | 23 / 33 | 21 / 30 | 15 / 25 | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 3 | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.45% | 0.21% | -2.27% | -2.09% | 0.63% | 3.13% | 1.72% | -0.87% | -0.53% | 2.18% | -0.22% | 1.11% |
| 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
3.13% (October 2025)
Worst Monthly Return Since Inception
-5.26% (March 2021)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | -7.17% | 4.14% | 5.46% | 3.15% | -0.93% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% | 9.41% | 5.55% |
| Quartile Ranking | - | - | - | - | - | 4 | 2 | 1 | 4 | 4 |
| Category Rank | - | - | - | - | - | 21/ 22 | 12/ 30 | 7/ 33 | 31/ 33 | 36/ 39 |
Best Calendar Return (Last 10 years)
5.46% (2023)
Worst Calendar Return (Last 10 years)
-7.17% (2021)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 98.17 |
| Canadian Equity | 13.49 |
| International Equity | 4.42 |
| Income Trust Units | -2.00 |
| US Equity | -14.09 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 98.16 |
| Industrial Goods | 4.41 |
| Technology | 2.76 |
| Consumer Goods | 2.72 |
| Telecommunications | 0.26 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.56 |
| Europe | 3.56 |
| Africa and Middle East | 1.12 |
| Asia | -0.01 |
| Latin America | -0.24 |
| Other | 0.01 |
Top Holdings
| Name | Percent |
|---|---|
| Fidelity Canadian Money Market Investment Trust O | 53.46 |
| Cash and Cash equivalents | 45.02 |
| Aritzia Inc | 4.96 |
| Alphabet Inc Cl C | 3.74 |
| Caterpillar Inc | 3.41 |
| Finning International Inc | 3.23 |
| Thermo Fisher Scientific Inc | 2.90 |
| Raytheon Technologies Corp | 2.87 |
| Fairfax Financial Holdings Ltd | 2.69 |
| CACI International Inc Cl A | 2.67 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Market Neutral Alternative Fund Series B
Median
Other - Alternative Market Neutrl
3 Yr Annualized
| Standard Deviation | 4.74% | 4.58% | - |
|---|---|---|---|
| Beta | 0.02 | 0.01 | - |
| Alpha | 0.02 | 0.03 | - |
| Rsquared | 0.00% | 0.00% | - |
| Sharpe | -0.16 | 0.09 | - |
| Sortino | -0.04 | 0.08 | - |
| Treynor | -0.38 | 0.26 | - |
| Tax Efficiency | 100.00% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.66% | 4.74% | 4.58% | - |
| Beta | 0.09 | 0.02 | 0.01 | - |
| Alpha | -0.01 | 0.02 | 0.03 | - |
| Rsquared | 0.03% | 0.00% | 0.00% | - |
| Sharpe | 0.03 | -0.16 | 0.09 | - |
| Sortino | -0.12 | -0.04 | 0.08 | - |
| Treynor | 0.02 | -0.38 | 0.26 | - |
| Tax Efficiency | 100.00% | 100.00% | - | - |
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 |
|---|---|---|
| FID2139 |
Investment Objectives
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.
Investment Strategy
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.
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 | 2.62% |
|---|---|
| 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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