Overview
-
Asset ClassEquity
-
CIFSC CategoryAlternative Equity Focused
-
Risk RatingLow to Medium
-
Number of Securities (Long/Short)46/30
Objectives
The Fund’s objective is to seek to provide long-term returns that are not correlated to major stock market indices by investing in, or gaining exposure to, primarily equity securities anywhere in the world. The Fund will use alternative investment strategies such as engaging in short sales and purchasing securities on margin or with borrowed funds.
Investment Focus
Invests in equity securities of companies having a broad range of capitalizations from anywhere in the world both long and short. Long positions can be leveraged up to 150% of fund Net Asset Value.
Fund Facts
April 30, 2023Inception Date | May 11, 2020 |
Currency | CAD |
NAVPU | $10.52 |
Management Fee | 1.90% |
MER as of December 31, 2022 | 2.45% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Performance Fee | 20.00% |
Fund Net AUM | $6.9 Million |
Total Long AUM | $9.4 Million |
Total Short AUM | -$2.5 Million |
Portfolio Characteristics
Number of Securities (Long) | 46 |
Number of Securities (Short) | 30 |
Dividend Yield (%) | 1.2% |
Cash Weighting | 18.9% |
Portfolio
Top 10 Holdings (Long)
Security | % of Fund |
---|---|
Hershey Co, The | 6.8% |
Vertex Pharmaceuticals Inc | 5.4% |
AutoZone Inc. | 5.2% |
Mitsui & Co., Ltd | 4.7% |
Home Trust Co | 4.4% |
John Deere Canada Fnd In 3.02% July 13, 2023 | 4.3% |
ABC-MART INC | 4.2% |
RBC Dep Note 2.352% Jul 2, 2024 | 4.2% |
Toyota Credit Canada Inc. 2.11% Feb 26, 2025 | 4.1% |
Manulife Bank of Canada Feb 26, 2026 | 4.1% |
Total | 47.4% |
Top 10 Holdings (Short)
Security | % of Fund |
---|---|
Bellus Health Inc. | -2.5% |
Amazon.com Inc. | -1.9% |
Paychex Inc. | -1.8% |
Charter Communications Inc. | -1.8% |
Dr Horton Inc | -1.6% |
ALARM.COM HOLDINGS I NC. | -1.6% |
PETCO HEALTH AND WEL LNESS COMPANY INC. | -1.5% |
CARLISLE COS INC. | -1.5% |
WHIRLPOOL CORPORATIO N | -1.4% |
Allied Properties REIT | -1.4% |
Total | -17.0% |
Geographic Breakdown
Canada | 43.5% |
USA | 41.6% |
Europe | 5.8% |
Asia | 11.3% |
Other | -2.2% |
Performance
Inception Date
May 11, 2020
As of Date
April 30, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | Since Inception (Annualized) |
2.2% | 4.1% | -5.2% | -15.0% | 1.7% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Annually |
Most Recent Distribution per Unit | $0.0000 |
12-Month Trailing Distribution Yield | 0.0% |
Next Record Date | December 14, 2023 |
Next Distribution Date | December 15, 2023 |
Annual Distributions
Record Date | Distribution Date |
---|---|
December 14, 2023 | December 15, 2023 |
Distributions ($)/Unit2 | YTD* | 2022 | 2021 | 2020 |
---|---|---|---|---|
Total Distributions | - | - | - | - |
Interest | - | - | - | - |
Dividends | - | - | - | - |
Capital Gains | - | - | - | - |
Withholding Tax | - | - | - | - |