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About FIDELITY MARKET NEUTRAL ALTERNATIVE FUND
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Inception date
Feb 1, 2024
The fund is a long/short equity portfolio of Canadian and US equities selected using a bottom-up fundamental approach. It invests long in growth-oriented equities, while shorting companies with decelerating growth rates or fierce competitions. In seeking to capture relative value premiums, the fund engages in pair trading. The fund may use leverage. It typically has 100% exposure in both the long and short baskets, targeting a 0% net equity exposure. The fund may invest in all types of equities of any size and could allocate up to 10% in equities outside North America. It could also invest in fixed income securities of any quality or term and hold cash or cash equivalents. It utilizes derivatives and may invest in precious metals and other commodities. It may borrow cash and could engage in securities lending, repurchase, and reverse repurchase transactions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history