Fidelity Long/Short Alternative Series F (FID2498)
18.56
+0.11
(+0.62%)
CAD |
Jul 25 2025
Key Stats
Customize
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.48% | 1.463B | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 754.23M | 12.28% | Upgrade | 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 may use leverage through the use of short selling, generally around 30% of its net asset value but may short sell up to 50% 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 | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Global Peer Group | Alternative Long/Short Equity Global |
| Peer Group | Alternative Equity Focused |
| Global Macro | Alternative Equity |
| US Macro | -- |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
8
-35.27M
Peer Group Low
365.56M
Peer Group High
1 Year
% Rank:
5
754.23M
-249.11M
Peer Group Low
2.849B
Peer Group High
3 Months
% Rank:
5
-130.45M
Peer Group Low
604.01M
Peer Group High
3 Years
% Rank:
5
-1.171B
Peer Group Low
7.226B
Peer Group High
6 Months
% Rank:
5
-188.85M
Peer Group Low
1.648B
Peer Group High
5 Years
% Rank:
5
-551.31M
Peer Group Low
7.669B
Peer Group High
YTD
% Rank:
5
-188.85M
Peer Group Low
1.648B
Peer Group High
10 Years
% Rank:
5
-89.41M
Peer Group Low
8.041B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of July 28, 2025.
Asset Allocation
As of May 31, 2025.
| Type | % Net |
|---|---|
| Cash | 11.18% |
| Stock | 82.85% |
| Bond | 5.97% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD Cash
|
9.34% | -- | -- |
|
Fidelity U.S. Money Market Investment Trust Sr O
|
9.17% | -- | -- |
| Berkshire Hathaway Inc | 3.80% | 482.60 | -0.30% |
| Progressive Corp | 3.64% | 241.40 | -3.48% |
| The Toronto-Dominion Bank | 3.25% | 73.97 | -1.28% |
| Fairfax Financial Holdings Ltd | 3.23% | 2460.27 | 0.69% |
| Franco-Nevada Corp | 3.04% | 160.29 | -1.57% |
| Westinghouse Air Brake Technologies Corp | 3.02% | 195.98 | -0.62% |
| Restaurant Brands International Inc | 2.89% | 69.00 | -0.81% |
| Dollar Tree Inc | 2.85% | 115.36 | 0.83% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | -- |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP |
|
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 500.00 None |
| Minimum Subsequent Investment | 25.00 None |
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 may use leverage through the use of short selling, generally around 30% of its net asset value but may short sell up to 50% 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 | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Global Peer Group | Alternative Long/Short Equity Global |
| Peer Group | Alternative Equity Focused |
| Global Macro | Alternative Equity |
| US Macro | -- |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (7-25-25) | 0.00% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Stock | |
| Weighted Average PE Ratio | 29.22 |
| Weighted Average Price to Sales Ratio | 6.726 |
| Weighted Average Price to Book Ratio | 7.081 |
| Weighted Median ROE | 30.69% |
| Weighted Median ROA | 10.62% |
| ROI (TTM) | 16.29% |
| Return on Investment (TTM) | 16.29% |
| Earning Yield | 0.0461 |
| LT Debt / Shareholders Equity | 0.7389 |
| Bond | |
| Yield to Maturity (5-31-25) | 2.38% |
| Average Coupon | 3.50% |
| Calculated Average Quality | 1.00 |
| Effective Maturity | 0.1694 |
| Nominal Maturity | 0.1694 |
As of May 31, 2025
Growth Metrics
| EPS Growth (1Y) | 25.00% |
| EPS Growth (3Y) | 12.92% |
| EPS Growth (5Y) | 16.40% |
| Sales Growth (1Y) | 11.04% |
| Sales Growth (3Y) | 12.12% |
| Sales Growth (5Y) | 10.55% |
| Sales per Share Growth (1Y) | 12.22% |
| Sales per Share Growth (3Y) | 12.40% |
| Operating Cash Flow - Growth Ratge (3Y) | 19.82% |
As of May 31, 2025
Fund Details
| Key Dates | |
| Inception Date | -- |
| Last Annual Report Date | 12/31/2024 |
| Last Prospectus Date | -- |
| Share Classes | |
| FID2492 | Commission-based Advice |
| FID2493 | Commission-based Advice |
| FID2497 | Commission-based Advice |
| FID2499 | Fee-based Advice |
| FID2500 | Fee-based Advice |
| FID7149 | Commission-based Advice |
| FID7150 | Fee-based Advice |
| FID7152 | Fee-based Advice |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | -- |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund |
|
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FID2498.TO", "name") |
| Broad Asset Class: =YCI("M:FID2498.TO", "broad_asset_class") |
| Broad Category: =YCI("M:FID2498.TO", "broad_category_group") |
| Prospectus Objective: =YCI("M:FID2498.TO", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |