Fidelity Canadian Long/Short Alternative Fd - S5 (FID7770)
26.03
+0.05
(+0.18%)
CAD |
Feb 19 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 2.51% | 38.65M | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 16.52M | 22.91% |
Basic Info
| Investment Strategy | |
| The Fund aims to achieve long-term capital appreciation. It invests primarily in long and short positions of equity securities of Canadian companies and 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. The Fund uses quantitative techniques in the construction of its portfolio. The Funds gross exposure shall not exceed the limits on the use of leverage described in the Investment strategies section of this simplified prospectus or as otherwise permitted under applicable securities legislation and/or regulatory approval. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| 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:
31
-80.67M
Peer Group Low
503.54M
Peer Group High
1 Year
% Rank:
40
16.52M
-425.12M
Peer Group Low
3.457B
Peer Group High
3 Months
% Rank:
28
-88.69M
Peer Group Low
1.108B
Peer Group High
3 Years
% Rank:
39
-1.111B
Peer Group Low
9.122B
Peer Group High
6 Months
% Rank:
35
-277.16M
Peer Group Low
1.885B
Peer Group High
5 Years
% Rank:
45
-1.228B
Peer Group Low
9.856B
Peer Group High
YTD
% Rank:
33
-37.16M
Peer Group Low
524.17M
Peer Group High
10 Years
% Rank:
51
-316.82M
Peer Group Low
10.20B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 20, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.43% |
| Stock | 90.82% |
| Bond | 0.45% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 8.30% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Royal Bank of Canada | 2.79% | 172.48 | 1.04% |
| The Toronto-Dominion Bank | 2.75% | 97.01 | 1.25% |
| Brookfield Asset Management Ltd. | 2.58% | 50.57 | 1.00% |
| Great-West Lifeco, Inc. | 2.49% | 46.65 | 0.09% |
| Fairfax Financial Holdings Ltd. | 2.48% | 2337.89 | 0.51% |
|
OTHER ASSETS LESS LIABILITIES
|
2.44% | -- | -- |
| Brookfield Infrastructure Partners LP | 2.44% | 38.54 | 1.15% |
| Power Corp. of Canada | 2.43% | 65.99 | 0.11% |
| Fortis, Inc. | 2.39% | 56.30 | -0.34% |
| Brookfield Renewable Partners LP | 2.30% | 31.82 | 1.11% |
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 | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 5000.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund aims to achieve long-term capital appreciation. It invests primarily in long and short positions of equity securities of Canadian companies and 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. The Fund uses quantitative techniques in the construction of its portfolio. The Funds gross exposure shall not exceed the limits on the use of leverage described in the Investment strategies section of this simplified prospectus or as otherwise permitted under applicable securities legislation and/or regulatory approval. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| 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 (2-19-26) | 2.32% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 168 |
| Stock | |
| Weighted Average PE Ratio | 28.88 |
| Weighted Average Price to Sales Ratio | 5.137 |
| Weighted Average Price to Book Ratio | 3.850 |
| Weighted Median ROE | 12.60% |
| Weighted Median ROA | 5.02% |
| ROI (TTM) | 8.68% |
| Return on Investment (TTM) | 8.68% |
| Earning Yield | 0.0480 |
| LT Debt / Shareholders Equity | 0.7881 |
| Number of Equity Holdings | 162 |
As of December 31, 2025
Growth Metrics
| EPS Growth (1Y) | 13.66% |
| EPS Growth (3Y) | 4.73% |
| EPS Growth (5Y) | 10.52% |
| Sales Growth (1Y) | 10.07% |
| Sales Growth (3Y) | 10.25% |
| Sales Growth (5Y) | 11.74% |
| Sales per Share Growth (1Y) | 8.21% |
| Sales per Share Growth (3Y) | 7.88% |
| Operating Cash Flow - Growth Rate (3Y) | 9.81% |
As of December 31, 2025
Fund Details
| Key Dates | |
| Launch Date | 2/1/2024 |
| Share Classes | |
| FID7761 | Commission-based Advice |
| FID7761 | Commission-based Advice |
| FID7762 | Commission-based Advice |
| FID7762 | Commission-based Advice |
| FID7763 | Commission-based Advice |
| FID7764 | Fee-based Advice |
| FID7765 | Fee-based Advice |
| FID7765 | Fee-based Advice |
| FID7766 | Fee-based Advice |
| FID7767 | Institutional |
| FID7767 | Institutional |
| FID7769 | Commission-based Advice |
| FID7771 | Commission-based Advice |
| FID7772 | Fee-based Advice |
| FID7773 | Fee-based Advice |
| FID7774 | Fee-based Advice |
| FID7775 | Institutional |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible 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:FID7770.TO", "name") |
| Broad Asset Class: =YCI("M:FID7770.TO", "broad_asset_class") |
| Broad Category: =YCI("M:FID7770.TO", "broad_category_group") |
| Prospectus Objective: =YCI("M:FID7770.TO", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |