Fidelity Market Neutral Alternative ETF (FMNA.NO)
10.22
0.00 (0.00%)
CAD |
NEO |
May 06, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| -- | 0.85% | 60.26M | -- |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 0.00% | 242.2% | 32.44M | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund invests primarily in long and short positions of equity securities of companies located in Canada and/or the United States. The Fund seeks returns with low correlation to major equity markets and may use leverage through the use of short selling of up to 100% of its net asset value and by investing in derivatives. The Fund's gross exposure is calculated as the sum of the following, and must not exceed 300% of its net asset value: (i) the aggregate market value of securities sold short; (ii) the value of indebtedness under any borrowing arrangements for investment purposes; and (iii) the aggregate notional value of the Fund's specified derivatives positions excluding any specified derivatives used for hedging purposes. " |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Mid Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Alternative |
| Category Name | Alternative Market Neutral |
| Category Index | -- |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Fidelity Investments Canada ULC |
| Prospectus Benchmark Index | |
| FTSE Canada 91 Day TBill | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Brett Dley | 3.53 yrs |
Performance Versus Category
As of May 06, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 06, 2024.
Basic Info
| Investment Strategy | |
| The Fund invests primarily in long and short positions of equity securities of companies located in Canada and/or the United States. The Fund seeks returns with low correlation to major equity markets and may use leverage through the use of short selling of up to 100% of its net asset value and by investing in derivatives. The Fund's gross exposure is calculated as the sum of the following, and must not exceed 300% of its net asset value: (i) the aggregate market value of securities sold short; (ii) the value of indebtedness under any borrowing arrangements for investment purposes; and (iii) the aggregate notional value of the Fund's specified derivatives positions excluding any specified derivatives used for hedging purposes. " |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Mid Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Alternative |
| Category Name | Alternative Market Neutral |
| Category Index | -- |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Fidelity Investments Canada ULC |
| Prospectus Benchmark Index | |
| FTSE Canada 91 Day TBill | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Brett Dley | 3.53 yrs |