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About Fidelity Global Value Long/Short Fund
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Inception date
Feb 1, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
Fidelity Investments Canada ULC
ISIN
CA31623A8288
The fund is a high conviction, long/short equity portfolio of primarily developed market equities. It seeks to identify discount stocks for the long positions and premiums for the short positions. The fund may use leverage. It typically holds 100-150% of its NAV long and up to 50% short, targeting a net long exposure that will not exceed 300% of its net assets. The fund may invest in all types of equities of any size and could have some emerging market exposure. It could also invest in fixed income securities of any quality or term and hold cash or cash equivalents. The fund may utilize risk arbitrage strategies, including merger arbitrage. 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
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FGLS assets under management is 30.66 M CAD. It's risen 9.71% over the last month.
FGLS fund flows account for 9.59 M 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.
No, FGLS doesn't pay dividends to its holders.
FGLS shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Feb 1, 2024, and its management style is Active.
FGLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FGLS price has risen by 2.99% over the last month, and its yearly performance shows a −6.10% decrease. See more dynamics on FGLS price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.42% increase in three-month performance and has increased by 9.42% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.42% increase in three-month performance and has increased by 9.42% in a year.
FGLS trades at a premium (0.42%) meaning the ETF is trading at a higher price than the calculated NAV.