• NAV $8.67 19-Jul-2024
  • -$0.12 / -1.37% Daily NAV change
  • MARKET PRICE 19-Jul-2024
  • $8.68   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 99.8%
    Short -46.9%
    Net 52.9%
    Cash 47.1%
    31-May-2024
  • Aggregate assets
    (all series)
    $734.0M
    30-Jun-2024
  • Units outstanding 2,320,000
    19-Jul-2024
  • Management fee 1.15%
  • Investment program DRIP
  • Distributions Annually
  • Benchmark MSCI World Index
  • Exchange Cboe CA
  • CUSIP 31623A828
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$, Trust CDN$ and Trust T-Series S5
  • Get ETF Facts

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Start NAV

$10.0000

End NAV

$10.4031
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Why invest in this fund?

  • Seeks to exploit mispricing of value oriented stocks
  • Utilizes a combination of long and short positions
  • Potential complement to traditional portfolios.

Calendar returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Standard period returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Risk measures

Risk measures cannot be calculated on funds that are less than three years old. This fund does not yet meet the required criteria.

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a high volatility rating

Allocation

Asset mix (%)

31-May-2024
Long Short Net
Foreign Equities 89.1 -46.5 42.6
Canadian Equities 10.7 -0.4 10.3
Cash & Other 47.2 - 47.1

Country mix (%)

31-May-2024
Long Short Net
United States 81.9 -46.0 35.9
United Kingdom 20.3 - 20.3
Canada 10.7 -0.4 10.3
China 9.4 - 9.4
Netherlands 4.2 - 4.2
Germany 4.0 - 4.0
Switzerland 3.9 - 3.9
Japan 3.8 - 3.8
South Korea 2.6 - 2.6
Denmark 2.3 - 2.3
France 1.9 - 1.9
Sweden 1.8 - 1.8
Australia - - -
Taiwan - -0.6 -0.6

Sector mix (%)

31-May-2024
Long Short Net
Consumer Staples 42.3 - 42.3
Health Care 19.1 -1.1 18.0
Communication Services 6.7 -2.9 3.8
Industrials 4.7 -1.9 2.8
Energy 2.8 -0.4 2.4
Materials 1.9 - 1.9
Utilities 2.3 -0.7 1.6
Financials 6.5 -8.6 -2.1
Consumer Disc. 10.9 -14.5 -3.6
Information Technology 2.8 -16.9 -14.1

Top ten holdings

LONG

  1. JD.COM INC SPON ADR
  2. Johnson & Johnson
  3. British American Tobacco
  4. TMX Group
  5. Diageo
  6. Metro
  7. Pfizer
  8. Nestlé (Reg.)
Top ten long holdings aggregate 35.4%

SHORT

  1. CARVANA CO CL A
  2. Coinbase Global
Top ten short holdings aggregate -9.2%
Top ten holdings aggregate 26.2%
Total number of holdings 63

LONG

  1. Nestlé (Reg.)
  2. Johnson & Johnson
  3. TMX Group
  4. Metro
  5. Diageo
  6. Philip Morris
  7. British American Tobacco
  8. Imperial Brands
Top ten long holdings aggregate 41.2%

SHORT

  1. CARVANA CO CL A
  2. MicroStrategy Incorporated
Top ten short holdings aggregate -9.9%
Top ten holdings aggregate 31.4%
Total number of holdings 51

LONG

  1. Johnson & Johnson
  2. Nestlé (Reg.)
  3. British American Tobacco
  4. Imperial Brands
  5. Philip Morris
  6. Diageo
  7. TMX Group
  8. Metro
  9. Altria Group
Top ten long holdings aggregate 40.2%

SHORT

  1. CARVANA CO CL A
Top ten short holdings aggregate -4.2%
Top ten holdings aggregate 35.9%
Total number of holdings 66

LONG

  1. Johnson & Johnson
  2. Nestlé (Reg.)
  3. Philip Morris
  4. Altria Group
  5. British American Tobacco
  6. PEABODY ENERGY CORP
  7. Metro
  8. Imperial Brands
  9. Diageo
Top ten long holdings aggregate 46.9%

SHORT

  1. CARVANA CO CL A
Top ten short holdings aggregate -4.8%
Top ten holdings aggregate 42.1%
Total number of holdings 53
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