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)43/28
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
February 28, 2023Inception Date | May 11, 2020 |
Currency | CAD |
NAVPU | $10.21 |
Management Fee | 0.90% |
MER as of June 30, 2022 (unaudited) | 1.31% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Performance Fee | 20.00% |
Fund Net AUM | $6.8 Million |
Total Long AUM | $9.3 Million |
Total Short AUM | -$2.5 Million |
Portfolio Characteristics
Number of Securities (Long) | 43 |
Number of Securities (Short) | 28 |
Dividend Yield (%) | 1.6% |
Cash Weighting | 16.4% |
Portfolio Characteristics
Dividend Yield | 1.5% |
Portfolio
Top 10 Holdings (Long)
Security | % of Fund |
---|---|
Unum Group | 6.6% |
Hershey Co, The | 6.1% |
McKesson Corp | 5.6% |
Canadian Dollar | 5.1% |
AutoZone Inc. | 4.9% |
Vertex Pharmaceuticals Inc | 4.6% |
Goeasy Ltd | 4.4% |
Home Trust Co | 4.4% |
John Deere Canada Fnd In 3.02% July 13, 2023 | 4.3% |
Mitsui & Co., Ltd | 4.2% |
Total | 50.1% |
Top 10 Holdings (Short)
Security | % of Fund |
---|---|
Generac Holdings Inc. | -1.9% |
Paychex Inc. | -1.9% |
Charter Communications Inc. | -1.8% |
Allied Properties REIT | -1.8% |
Zoom Video Communications Inc | -1.8% |
ALARM.COM HOLDINGS I NC. | -1.7% |
CF Industries Holdings Inc. | -1.7% |
Amazon.com Inc. | -1.7% |
ICL Group Ltd. ADR | -1.4% |
Dr Horton Inc | -1.4% |
Total | -17.1% |
Geographic Breakdown
Canada | 37.4% |
USA | 47.6% |
Europe | 7.5% |
Asia | 10.0% |
Other | -2.5% |
Performance
Inception Date
May 11, 2020
As of Date
February 28, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | Since Inception (Annualized) |
-0.4% | -13.9% | -9.3% | -18.7% | 0.7% |
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 | - | - | - | - |