Overview
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Asset ClassEquity
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CIFSC CategoryAlternative Equity Focused
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Risk RatingLow to Medium
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Number of Securities (Long/Short)43/35
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
December 31, 2022Inception Date | May 11, 2020 |
Currency | CAD |
NAVPU | $11.10 |
Management Fee | 1.90% |
MER as of June 30, 2022 (unaudited) | 1.45% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Performance Fee | 20.00% |
Fund Net AUM | $7.9 Million |
Total Long AUM | $11.4 Million |
Total Short AUM | -$3.5 Million |
Portfolio Characteristics
Number of Securities (Long) | 43 |
Number of Securities (Short) | 35 |
Dividend Yield (%) | 1.4% |
Cash Weighting | 3.5% |
Portfolio
Top 10 Holdings (Long)
Security | % of Fund |
---|---|
Murphy Usa Inc. | 5.3% |
Unum Group | 5.2% |
McKesson Corp | 5.2% |
Hershey Co, The | 5.1% |
United Healthcare Corp. | 4.8% |
Wr Berkley Corp | 4.7% |
AutoZone Inc. | 4.2% |
Northrop Grumman Cor P | 4.1% |
H R Block Inc. | 4.1% |
Vertex Pharmaceuticals Inc | 4.0% |
Total | 46.7% |
Top 10 Holdings (Short)
Security | % of Fund |
---|---|
ishares Core MSCI Emerging Markets ETF | -1.8% |
BAIDU INC. | -1.8% |
Freshpet Inc | -1.6% |
Cascades Inc. | -1.6% |
Flexsteel Industries Inc | -1.6% |
SLEEP COUNTRY CANADA HOLDINGS | -1.5% |
Arkema Sa | -1.5% |
RENT-A-CENTER INC/TX | -1.5% |
Charter Communications Inc. | -1.5% |
ALARM.COM HOLDINGS I NC. | -1.4% |
Total | -15.8% |
Geographic Breakdown
Canada | 39.0% |
USA | 51.5% |
Europe | 3.4% |
Asia | 7.4% |
Other | -1.3% |
Performance
Inception Date
May 11, 2020
As of Date
December 31, 2022
Compound Returns
1 Month | 3 Months | YTD | 1 Year | Since Inception (Annualized) |
-5.7% | -5.2% | -10.0% | -10.0% | 4.0% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Annually |
Most Recent Distribution per Unit | $0.0000 |
12-Month Trailing Distribution Yield | 0.0% |
Next Record Date | December 28, 2023 |
Next Distribution Date | December 29, 2023 |
Annual Distributions
Record Date | Distribution Date |
---|---|
December 29, 2022 | December 30, 2022 |
Distributions ($)/Unit2 | YTD* | 2021 | 2020 |
---|---|---|---|
Total Distributions | - | - | - |
Interest | - | - | - |
Dividends | - | - | - |
Capital Gains | - | - | - |
Withholding Tax | - | - | - |