A Dividend Reinvestment Program (DRIP) is a convenient way to help your investments grow through systematic purchases. © 2020 Fidelity Investments Canada ULC. Ready to ditch your debt and better your financial future? Read our privacy policy. Analyze the Fund Calamos Market Neutral Income Fund Class A having Symbol CVSIX for type mutual-funds and perform research on other mutual funds. A separate net asset value is calculated for each series of units of a fund. †† As it relates to Series E and Series P performance, the performance data shown for the period occurring prior to the start date of a series P or E is that of the corresponding series F or B. An overview of Fidelity Market Neutral Alternative Fund for investors, Accessing alternative solutions investor brochure. The Sharpe ratio is a measure of risk-adjusted returns and is calculated as the ratio between a portfolio’s excess return over a risk-free rate and its standard deviation. The ticker lookup is designed to help you find the appropriate ticker code quickly and easily. Market Neutral Market Neutral Funds and ETFs are mutual funds that will go long and short various stocks in equal proportion. The net asset value of each series is calculated on each day that the Toronto Stock Exchange is open for trading (a “valuation day”). The calculation takes the average of a fund's last 12 months' distributions, multiplies that by 12 to annualize, and divides that number by the fund's average NAV over the last 12 months on the day before the distribution is paid out. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance. Depositary receipts, credit default swaps and equity total return swaps are normally combined with the underlying security. A measurement of how closely the portfolio's performance correlates with the performance of the fund's primary benchmark index or equivalent. "Net asset value" means the value of the total assets of the investment fund less the value of liabilities, other than net assets attributable to security holders, of the investment fund, as at a specific date. Standard deviation is used to quantify the historical dispersion of returns around the average returns over a recent ten-year period. Learn 5 ways to better manage your money in our guide to ditching debt. The net asset value per unit of each series of a fund is calculated by dividing the net asset value of the series at the close of business on a valuation day by the total number of units of the series outstanding at that time. Sharpe ratio calculated based on the three-month U.S. Treasury Bill return in base currency as the risk-free rate of return. There, the holdings as a percent of fund net assets may not total to 100%. Duration is a measure of a security's price sensitivity to changes in interest rates. Interest rates are extremely low, and our clients are looking for differentiated solutions to help them navigate the markets,” said Kelly Creelman, senior vice president, Products, Fidelity. Actual price is available to 4 decimals. Please read the offering memorandum carefully before investing. Mutual funds and ETFs sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada. �l�� A beta of more (less) than 1.0 indicates that a fund's historical returns have fluctuated more (less) than the benchmark index. Fidelity Market Neutral Alternative Fund →. Please read the prospectus, which contains detailed investment information, before investing. The information provided in this listing may differ from a fund’s holdings in its annual report. (advisor login required). Analyze the Fund Vanguard Market Neutral Fund Investor Shares having Symbol VMNFX for type mutual-funds and perform research on other mutual funds.