Fund code: 2146

  • NAV $10.38 $0.05 / 0.46%
    21-Jun-2024
  • Inception 16-Oct-2020
  • Benchmark MSCI World Index
  • Aggregate exposure
    Long 100.5%
    Short -47.8%
    Net 52.7%
    Cash 47.3%
    30-Apr-2024
  • Aggregate assets
    (all series)
    $730.0M
    31-May-2024
  • MER 2.66%
    31-Dec-2023
  • Distributions
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, Trust US$ and Trust T-Series
  • Get Fund Facts

End investment

Annualized return

Choose a chart type (percentage or dollar)
Choose a predefined chart period
to:

Start NAV

$10.0000

End NAV

$10.4031
Choose a predefined chart period
to:

Calendar returns (%) 31-May-2024

YTD 2024 2023 2022 2021
Fund -5.79 -28.83 66.10 0.29

Standard period returns (%) 31-May-2024

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund 1.14 4.49 -13.46 -23.63 5.19 5.16

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.

Risk measures (%) 31-May-2024

Fund
Annualized standard deviation 26.04
Beta -0.95
0.24

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 (%)

30-Apr-2024
Long Short Net
Foreign Equities 90.9 -47.0 43.9
Canadian Equities 9.6 -0.8 8.8
Cash & Other 47.8 -0.5 47.3

Country mix (%)

30-Apr-2024
Long Short Net
United States 84.1 -46.5 37.6
United Kingdom 20.5 - 20.5
China 10.3 - 10.3
Canada 9.6 -0.8 8.8
Netherlands 4.1 - 4.1
Germany 4.0 - 4.0
Switzerland 3.9 - 3.9
Japan 3.5 - 3.5
South Korea 2.6 - 2.6
Denmark 2.4 - 2.4
Sweden 1.8 - 1.8
France 1.4 - 1.4
Australia - - -
Taiwan - -0.5 -0.5
Cash & Net Other Assets - -0.4 -0.4

Sector mix (%)

30-Apr-2024
Long Short Net
Consumer Staples 42.2 - 42.2
Health Care 20.7 -1.1 19.6
Energy 4.0 -0.4 3.7
Industrials 4.1 -2.0 2.1
Communication Services 4.1 -2.2 1.9
Utilities 2.4 -0.7 1.7
Materials 2.0 -0.5 1.5
Financials 6.5 -9.0 -2.5
Consumer Disc. 11.5 -15.4 -3.9
Information Technology 2.9 -16.7 -13.7

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
View all