Fund code: 2146

  • NAV $9.94 $0.17 / 1.72%
    29-Jan-2026
  • Inception 16-Oct-2020
  • Benchmark MSCI World Index
  • Aggregate exposure
    Long 110.8%
    Short -47.5%
    Net 63.3%
    Cash 36.7%
    31-Dec-2025
  • Aggregate assets
    (all series)     $1.300B
    31-Dec-2025
  • MER 2.66%
    30-Jun-2025
  • Distributions
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, 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-Dec-2025

YTD 2025 2024 2023 2022 2021
Fund 7.22 -17.47 -28.83 66.10 0.29

Standard period returns (%) 31-Dec-2025

1 mo 3 mo 6 mo 1 yr 3 yr 5 yr Inception
Fund 1.21 6.87 4.01 7.22 -14.28 0.96 2.32

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-Dec-2025

Fund
Annualized standard deviation 24.37
Beta -1.52
R² 0.36

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-Dec-2025
Long Short Net
Foreign Equities 103.1 -45.8 57.3
Canadian Equities 7.7 -1.7 6.0
Cash & Other 36.8 -0.1 36.7

Country mix (%)

31-Dec-2025
Long Short Net
United States 82.2 -43.6 38.6
United Kingdom 21.3 - 21.3
France 7.6 - 7.6
Canada 7.7 -1.9 5.9
Netherlands 4.0 - 4.0
Switzerland 2.8 - 2.8
China 2.7 - 2.7
South Korea 2.0 - 2.0
Denmark 1.7 - 1.7
Japan 1.6 - 1.6
Germany 2.0 -0.7 1.3
Brazil 1.2 - 1.2
Multinational - - -
Australia - -0.4 -0.4
South Africa - -0.5 -0.5
Sweden - -0.5 -0.5

Sector mix (%)

31-Dec-2025
Long Short Net
Consumer Staples 46.8 - 46.8
Health Care 22.4 - 22.4
Industrials 15.9 -3.7 12.2
Communication Services 12.9 -4.5 8.4
Materials 2.2 -0.5 1.7
Real Estate 0.4 -0.7 -0.2
Utilities 1.2 -1.6 -0.4
Consumer Disc. 3.1 -5.8 -2.7
Financials 2.0 -11.2 -9.2
Information Technology 3.9 -19.6 -15.7

Top ten holdings

LONG

  1. Imperial Brands
  2. Bayer
  3. British American Tobacco
  4. Diageo
  5. Pernod-Ricard
  6. Metro
  7. Pfizer
  8. Johnson & Johnson
Top ten long holdings aggregate 31.6%

SHORT

  1. Palantir Technologies Inc.
  2. D-Wave Quantum Inc.
Top ten short holdings aggregate -8.1%
Top ten holdings aggregate 23.6%
Total number of holdings 95

LONG

  1. British American Tobacco
  2. Imperial Brands
  3. Bayer
  4. Diageo
  5. Metro
  6. Target
  7. Pernod-Ricard
  8. Nestlé (Reg.)
Top ten long holdings aggregate 34.1%

SHORT

  1. Palantir Technologies Inc.
  2. Carvana
Top ten short holdings aggregate -8.0%
Top ten holdings aggregate 26.1%
Total number of holdings 99

LONG

  1. Imperial Brands
  2. British American Tobacco
  3. Bayer
  4. Diageo
  5. Nestlé (Reg.)
  6. Ambev
  7. Metro
  8. Dollar Tree
  9. Johnson & Johnson
  10. Pernod-Ricard
Top ten long holdings aggregate 35.8%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 35.8%
Total number of holdings 103

LONG

  1. Diageo
  2. British American Tobacco
  3. Imperial Brands
  4. REMY COINTREAU SA
  5. Metro
  6. Bayer
  7. Nestlé (Reg.)
  8. Pernod-Ricard
Top ten long holdings aggregate 32.3%

SHORT

  1. Palantir Technologies Inc.
  2. Carvana
Top ten short holdings aggregate -7.8%
Top ten holdings aggregate 24.5%
Total number of holdings 85
View all

Portfolio managers