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)43/29
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
August 31, 2023Inception Date | May 11, 2020 |
Currency | CAD |
NAVPU | $11.00 |
Management Fee | 0.90% |
MER as of June 30, 2023 (unaudited) | 1.32% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Performance Fee | 20.00% |
Fund Net AUM | $5.3 Million |
Total Long AUM | $7.6 Million |
Total Short AUM | -$2.3 Million |
Portfolio Characteristics
Number of Securities (Long) | 43 |
Number of Securities (Short) | 29 |
Dividend Yield (%) | 1.3% |
Cash Weighting | 7.9% |
Portfolio Characteristics
Dividend Yield | 1.5% |
Portfolio
Top 10 Holdings (Long)
Security | % of Fund |
---|---|
Home Trust Co. 5.317%, 6/13/2024 | 5.7% |
Badger Meter Inc. | 5.5% |
RBC Dep Note 2.352% Jul 2, 2024 | 5.4% |
Toyota Credit Canada Inc. 2.11% Feb 26, 2025 | 5.3% |
ABC-MART INC | 5.3% |
Manulife Bank of Canada Feb 26, 2026 | 5.2% |
Toronto Hydro Corp 2.52% Aug 25 2026 | 5.1% |
Vertex Pharmaceuticals Inc | 4.9% |
Itochu Corp | 4.8% |
Mitsui & Co., Ltd | 4.8% |
Total | 52.0% |
Top 10 Holdings (Short)
Security | % of Fund |
---|---|
MATADOR RESOURCES CO . | -2.4% |
EAST WEST BANCORP | -2.2% |
PROGRESSIVE CORP, TH E | -2.0% |
EXXON MOBIL CORPORAT ION | -2.0% |
FIDELITY NAT L | -2.0% |
Ovintiv Inc. | -1.9% |
DIGITAL TURBINE INC. | -1.9% |
Surge Energy Inc. | -1.9% |
PEABODY ENERGY | -1.9% |
Mid-America Apartment Communities Inc. | -1.8% |
Total | -20.0% |
Geographic Breakdown
Canada | 46.7% |
USA | 19.2% |
South America | 16.2% |
Europe | 1.3% |
Asia | 19.4% |
Other | -2.8% |
Performance
Inception Date
May 11, 2020
As of Date
August 31, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
Since Inception (Annualized) |
1.8% | 0.1% | -2.2% | -7.3% | 1.7% | 2.9% |
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 | - | - | - | - |