Fund code: 2492

  • NAV $18.05 $0.05 / 0.29%
    03-Oct-2025
  • Inception 16-Oct-2020
  • Benchmark 50% S&P/TSX Capped Composite Index and 50% S&P 500 Index
  • Aggregate exposure
    Long 105.6%
    Short -15.8%
    Net 89.8%
    Cash 10.2%
    31-Aug-2025
  • Aggregate assets
    (all series)
    $1.528B
    30-Sep-2025
  • MER 2.68%
    31-Dec-2024
  • Distributions
  • Morningstar category Alternative Equity Focused
  • Also available through ETF Series CDN$, 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-Sep-2025

YTD 2025 2024 2023 2022 2021
Fund 5.12 19.38 13.70 -5.89 27.28

Standard period returns (%) 30-Sep-2025

1 mo 3 mo 6 mo 1 yr 3 yr Inception
Fund 1.23 2.94 2.85 9.47 15.36 12.81

Why invest in this fund?

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

Risk measures (%) 31-Aug-2025

Fund
Annualized standard deviation 8.44
Beta 0.60
0.66

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 (%)

31-Aug-2025
Long Short Net
Foreign Equities 73.7 -14.2 59.6
Canadian Equities 31.9 -1.6 30.3
Cash & Other 12.7 -2.5 10.2

Country mix (%)

31-Aug-2025
Long Short Net
United States 72.7 -14.2 58.5
Canada 31.9 -1.6 30.3
France 1.5 - 1.5
Sweden 0.9 - 0.9

Sector mix (%)

31-Aug-2025
Long Short Net
Financials 29.7 -2.9 26.8
Industrials 16.4 -3.0 13.4
Communication Services 12.0 - 12.0
Materials 8.8 -0.5 8.2
Information Technology 8.1 -1.7 6.4
Consumer Disc. 12.3 -6.3 6.0
Consumer Staples 5.7 -0.3 5.4
Real Estate 5.5 -0.3 5.2
Health Care 2.5 -0.4 2.0
Energy 1.8 - 1.8
Utilities - -0.5 -0.5

Top ten holdings

LONG

  1. Toronto-Dominion Bank
  2. Meta Platforms
  3. Fairfax Financial Holdings, Sub Vtg
  4. Westinghouse Air Brake Technologies
  5. Microsoft
  6. BNP Paribas
  7. Franco-Nevada
  8. Restaurant Brands International
  9. Dollar Tree
  10. Amazon.com
Top ten long holdings aggregate 33.7%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 33.7%
Total number of holdings 77

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
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