Fund code: 2146

  • NAV $10.87 $0.01 / 0.07%
    09-Oct-2024
  • Inception 16-Oct-2020
  • Benchmark MSCI World Index
  • Aggregate exposure
    Long 101.1%
    Short -48.2%
    Net 52.9%
    Cash 47.1%
    31-Aug-2024
  • Aggregate assets
    (all series)
    $889.5M
    30-Sep-2024
  • MER 2.66%
    30-Jun-2024
  • Distributions
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, Trust US$ and Trust T-Series
  • Get Fund Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Calendar returns (%) 30-Sep-2024

YTD 2024 2023 2022 2021
Fund -2.33 -28.83 66.10 0.29

Standard period returns (%) 30-Sep-2024

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund 1.69 8.29 10.41 -16.32 7.65 5.67

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 (%) 30-Sep-2024

Fund
Annualized standard deviation 23.83
Beta -0.91
0.25

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-Aug-2024
Long Short Net
Foreign Equities 90.9 -46.5 44.4
Canadian Equities 10.2 -1.7 8.5
Cash & Other 47.2 - 47.1

Country mix (%)

31-Aug-2024
Long Short Net
United States 85.3 -44.3 41.0
United Kingdom 21.6 - 21.6
China 8.6 - 8.6
Canada 10.2 -1.7 8.5
Germany 4.0 - 4.0
Netherlands 3.6 - 3.6
Japan 3.2 - 3.2
Switzerland 3.7 -0.8 2.9
South Korea 2.9 - 2.9
Denmark 1.7 - 1.7
France 1.6 - 1.6
Grand Cayman (UK Overseas Territory) 1.3 - 1.3
Israel 0.5 - 0.5
Australia - -0.4 -0.4
Taiwan - -1.1 -1.1

Sector mix (%)

31-Aug-2024
Long Short Net
Consumer Staples 40.7 - 40.7
Health Care 19.2 -2.0 17.3
Communication Services 6.9 -3.4 3.5
Energy 2.2 - 2.2
Utilities 2.4 -0.6 1.8
Materials 1.7 - 1.7
Industrials 4.0 -4.8 -0.8
Financials 6.1 -8.2 -2.2
Consumer Disc. 12.0 -16.8 -4.8
Information Technology 5.9 -12.5 -6.5

Top ten holdings

LONG

  1. Imperial Brands
  2. Philip Morris
  3. Metro
  4. British American Tobacco
  5. Johnson & Johnson
  6. Altria Group
  7. Pfizer
  8. TMX Group
  9. Nestlé (Reg.)
Top ten long holdings aggregate 36.0%

SHORT

  1. Carvana
Top ten short holdings aggregate -4.9%
Top ten holdings aggregate 31.1%
Total number of holdings 81

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
  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
  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
Top ten short holdings aggregate -4.2%
Top ten holdings aggregate 35.9%
Total number of holdings 66
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