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Details
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Inception date
Feb 1, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Fidelity Investments Canada ULC
ISIN
CA31610F8221
CUSIP
31610F822
FIGI
BBG01L8KZK60
Identifiers
ISIN CA31610F8221
The fund aims to manage risk and return potential in Canadian equity securities in a highly concentrated market through short exposures. The portfolio managers maintain long and short exposures through proprietary research based on fundamentals, buy/sell signals, and liquidity. Using quantitative techniques, the portfolio is allocated 120%-150% long equities and short positions of roughly 30-50%. The fund sets caps with borrowings of up to 50%, non-Canadian securities to 10%, and gross exposure set to 300%. The fund could invest in companies of any size, as well as invest in other asset classes directly or through ETFs and derivatives. In addition, the fund may engage in securities lending, repurchase and reverse repurchase transactions, as well as derivatives for both hedging and non-hedging purposes. As an actively managed fund, the portfolio managers have full discretion to make any investment decision at any time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Stocks126.55%
Finance28.07%
Non-Energy Minerals24.66%
Utilities8.13%
Industrial Services7.46%
Technology Services4.94%
Producer Manufacturing3.86%
Energy Minerals3.08%
Retail Trade3.03%
Communications2.99%
Transportation2.94%
Process Industries2.09%
Electronic Technology1.41%
Commercial Services1.37%
Distribution Services1.34%
Consumer Services1.31%
Health Services0.61%
Health Technology0.40%
Consumer Durables0.26%
Bonds, Cash & Other−26.55%
Cash2.63%
Miscellaneous−29.19%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
FCLS top holdings are Royal Bank of Canada and Bank of Montreal, occupying 3.36% and 3.12% of the portfolio correspondingly.
FCLS assets under management is 9.96 M CAD. It's risen 4.31% over the last month.
FCLS fund flows account for 545.12 K CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
FCLS shares are issued by 483A Bay Street Holdings LP under the brand Fidelity. The ETF was launched on Feb 1, 2024, and its management style is Active.
FCLS expense ratio is 1.85% meaning you'd have to pay 1.85% of your investment to help manage the fund.
FCLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FCLS invests in stocks.
FCLS price has fallen by −0.27% over the last month, and its yearly performance shows a 14.33% increase. See more dynamics on FCLS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.90% over the last month, showed a 0.77% increase in three-month performance and has increased by 15.24% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.90% over the last month, showed a 0.77% increase in three-month performance and has increased by 15.24% in a year.
FCLS trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.