Fund code: 2492

  • NAV $17.81 $0.07 / 0.41%
    29-Jul-2025
  • Inception 16-Oct-2020
  • Benchmark 50% S&P/TSX Capped Composite Index and 50% S&P 500 Index
  • Aggregate exposure
    Long 101.7%
    Short -17.1%
    Net 84.6%
    Cash 15.4%
    30-Jun-2025
  • Aggregate assets
    (all series)
    $1.463B
    30-Jun-2025
  • MER 2.68%
    31-Dec-2024
  • Distributions
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, ETF Series US$, Trust US$ 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-Jun-2025

YTD 2025 2024 2023 2022 2021
Fund 2.12 19.38 13.70 -5.89 27.28

Standard period returns (%) 30-Jun-2025

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund 1.49 -0.09 2.12 9.56 14.77 12.84

Why invest in this fund?

  • Seeks to capture alternative sources of alpha
  • Expand portfolio beyond traditional mutual fund solutions

Risk measures (%) 30-Jun-2025

Fund
Annualized standard deviation 8.97
Beta 0.63
0.70

Risk classification

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

This fund has a medium volatility rating

Allocation

Asset mix (%)

30-Jun-2025
Long Short Net
Foreign Equities 68.7 -15.2 53.5
Canadian Equities 33.0 -1.9 31.1
Cash & Other 15.4 -0.1 15.4

Country mix (%)

30-Jun-2025
Long Short Net
United States 66.7 -15.2 51.4
Canada 37.7 -1.9 35.8
France 3.1 - 3.1
Germany 0.5 - 0.5

Sector mix (%)

30-Jun-2025
Long Short Net
Financials 26.2 -3.6 22.7
Industrials 17.7 -3.3 14.4
Communication Services 9.0 - 9.0
Materials 9.0 - 9.0
Consumer Disc. 13.5 -6.4 7.1
Information Technology 8.7 -2.2 6.4
Real Estate 5.7 -0.2 5.4
Energy 3.3 - 3.3
Consumer Staples 3.8 -1.0 2.9
Health Care 2.5 -0.5 2.0

Top ten holdings

LONG

  1. Berkshire Hathaway, Cl. B
  2. Progressive
  3. Toronto-Dominion Bank
  4. Fairfax Financial Holdings, Sub Vtg
  5. Franco-Nevada
  6. Westinghouse Air Brake Technologies
  7. Restaurant Brands International
  8. Dollar Tree
  9. T-Mobile
  10. Adobe
Top ten long holdings aggregate 31.0%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 31.0%
Total number of holdings 89

LONG

  1. Amazon.com
  2. Dollarama
  3. Fairfax Financial Holdings, Sub Vtg
  4. Westinghouse Air Brake Technologies
  5. Apple
  6. T-Mobile
  7. Alimentation Couche-Tard
  8. Progressive
  9. Visa
  10. Berkshire Hathaway, Cl. B
Top ten long holdings aggregate 32.2%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 32.2%
Total number of holdings 78

LONG

  1. Blackstone
  2. T-Mobile
  3. Dollarama
  4. Westinghouse Air Brake Technologies
  5. Amazon.com
  6. Apple
  7. Canadian Natural Resources
  8. Progressive
  9. Berkshire Hathaway, Cl. B
  10. Alimentation Couche-Tard
Top ten long holdings aggregate 32.5%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 32.5%
Total number of holdings 74

LONG

  1. Fairfax Financial Holdings, Sub Vtg
  2. Meta Platforms
  3. Dollarama
  4. Valvoline Inc.
  5. Canadian Natural Resources
  6. Blackstone
  7. T-Mobile
  8. Amazon.com
  9. Apple
  10. Alphabet, Cl. A
Top ten long holdings aggregate 32.0%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 32.0%
Total number of holdings 86
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