Accelerate Canadian Long Short Equity Fund
Equity Plus.
The Accelerate Canadian Long Short Equity Fund (TSX: ATSX) is a directional long-short equity hedge fund that seeks to provide upside market exposure while limiting downside participation.
About the Fund
The Accelerate Canadian Long Short Equity Fund (TSX: ATSX) is a quantitative 150-50 long-short equity hedge fund that seeks to outperform the S&P/TSX 60.
Investment Objectives
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- Outperform the broad Canadian equity index
- Provide volatility in-line with the broad Canadian equity index
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ATSX TRADING DATA
NAV:
Date:
MEDIA
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QUICK FACTS
Type:
Directional long short equity
Structure:
Alternative ETF
Date Started:
May 10, 2019
Management Fee:
0.00%
Performance Fee:
1/2 of outperformance above S&P/ TSX 60 Total Return
Investment Manager:
Accelerate Financial Technologies Inc.
Distribution:
n/a
Exchange:
TSX
Currency:
CAD
Risk Rating:
Medium
Track Record
Investment Process
ATSX utilizes a systematic, proprietary multi-factor model to sort and rank all liquid Canadian stocks based on five principal factors: Value, Price Momentum, Operating Momentum, Quality, and Trend.
The Fund goes long a portfolio of the highest expected return stocks selected from the top ranking from the multi-factor model while going short a portfolio of the lowest expected return stocks selected from the bottom ranking. The portfolio is rebalanced on a monthly basis. The long portfolio is up to 150% of NAV and the short portfolio is up to -50% of NAV
Performance as of 2025-May-31
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||
|---|---|---|---|---|---|---|---|---|
| ATSX | 5.5% | 7.6% | 7.5% | 21.3% | 10.1% | 12.3% | 10.6% |
Fund Characteristics as of 2025-May-31
| Long | Short | |
|---|---|---|
| Number of Securities | 44 | 39 |
| Average Market Cap ($mm) | $23,650 | $13,615 |
| Beta | 1.0 | 1.1 |
| EBITDA/EV | 8.4% | 7.8% |
| FCF/EV | 5.0% | 2.5% |
| Trailing Return | 35.4% | -17.4% |
| Pct of 52 Week High | 89.9% | 76.8% |
| Return on Capital | 11.5% | 5.2% |
| Gross Profits/Assets | 4.2% | 2.5% |
| 50 DMA to 200 DMA | 109% | 88.6% |
| EPS Revision | -0.9% | -9.5% |
| Change In Shares | -1.3% | -0.2% |
| Earnings Abnormal Return | 1.9% | 3.3% |
Sector Weightings as of 2025-May-31
| Long | Short | |
|---|---|---|
| Communication Services | 6.8% | -2.4% |
| Consumer Discretionary | 10.2% | -2.4% |
| Consumer Staples | 13.7% | -1.2% |
| Energy | 27.3% | -9.4% |
| Financials | 27.3% | -4.7% |
| Health Care | 0.0% | 0.0% |
| Industrials | 13.6% | -9.4% |
| Information Technology | 10.2% | -1.2% |
| Materials | 40.9% | -10.6% |
| Real Estate | 0.0% | -1.2% |
| Utilities | 0.0% | -3.5% |
| Equity Exposure | 150.1% | -46.1% |
Top Holdings as of 2025-May-31
| Long Security Name | Weight | |
|---|---|---|
| Kinaxis Inc | 3.4% | |
| iA Financial Corp Inc | 3.4% | |
| Intact Financial Corp | 3.4% | |
| Lundin Gold Inc | 3.4% | |
| Celestica Inc | 3.4% | |
| Gildan Activewear Inc | 3.4% | |
| Suncor Energy Inc | 3.4% | |
| Toromont Industries Ltd | 3.4% | |
| Royal Bank of Canada | 3.4% | |
| Metro Inc/CN | 3.4% | |
| Empire Co Ltd | 3.4% | |
| Dollarama Inc | 3.4% | |
| Manulife Financial Corp | 3.4% | |
| Loblaw Cos Ltd | 3.4% | |
| Aritzia Inc | 3.4% | |
| Definity Financial Corp | 3.4% | |
| Torex Gold Resources Inc | 3.4% | |
| Kinross Gold Corp | 3.4% | |
| Maple Leaf Foods Inc | 3.4% | |
| Stingray Group Inc | 3.4% | |
| Secure Waste Infrastructure Co | 3.4% | |
| Wesdome Gold Mines Ltd | 3.4% | |
| Fortuna Mining Corp | 3.4% | |
| Blackline Safety Corp | 3.4% | |
| Dexterra Group Inc | 3.4% | |
| Imperial Oil Ltd | 3.4% | |
| Dundee Precious Metals Inc | 3.4% | |
| Chorus Aviation Inc | 3.4% | |
| Taseko Mines Ltd | 3.4% | |
| Quebecor Inc | 3.4% | |
| Pan American Silver Corp | 3.4% | |
| New Gold Inc | 3.4% | |
| Trican Well Service Ltd | 3.4% | |
| Kolibri Global Energy Inc | 3.4% | |
| Orla Mining Ltd | 3.4% | |
| TMX Group Ltd | 3.4% | |
| Barrick Mining Corp | 3.4% | |
| Peyto Exploration & Development Corp | 3.4% | |
| Transcontinental Inc | 3.4% | |
| Finning International Inc | 3.4% | |
| Keyera Corp | 3.4% | |
| Great-West Lifeco Inc | 3.4% | |
| Canadian Natural Resources Ltd | 3.4% | |
| Power Corp of Canada | 3.4% |
| Short Security Name | Weight | |
|---|---|---|
| Descartes Systems Group Inc/Th | -1.2% | |
| West Fraser Timber Co Ltd | -1.2% | |
| goeasy Ltd | -1.2% | |
| Bank of Nova Scotia/The | -1.2% | |
| Stella-Jones Inc | -1.2% | |
| Methanex Corp | -1.2% | |
| Capital Power Corp | -1.2% | |
| Exchange Income Corp | -1.2% | |
| Ovintiv Inc | -1.2% | |
| Altus Group Ltd/Canada | -1.2% | |
| Magna International Inc | -1.2% | |
| ERO Copper Corp | -1.2% | |
| BCE Inc | -1.2% | |
| Mattr Corp | -1.2% | |
| MDA Space Ltd | -1.2% | |
| ATS Corp | -1.2% | |
| SunOpta Inc | -1.2% | |
| Interfor Corp | -1.2% | |
| Algonquin Power & Utilities Co | -1.2% | |
| Canadian Pacific Kansas City Ltd | -1.2% | |
| Athabasca Oil Corp | -1.2% | |
| Fiera Capital Corp | -1.2% | |
| Teck Resources Ltd | -1.2% | |
| Cenovus Energy Inc | -1.2% | |
| Gibson Energy Inc | -1.2% | |
| Air Canada | -1.2% | |
| Ivanhoe Mines Ltd | -1.2% | |
| Topaz Energy Corp | -1.2% | |
| Capstone Copper Corp | -1.2% | |
| NexGen Energy Ltd | -1.2% | |
| Wajax Corp | -1.2% | |
| Aya Gold & Silver Inc | -1.2% | |
| Brookfield Renewable Partners | -1.2% | |
| Laurentian Bank of Canada | -1.2% | |
| MTY Food Group Inc | -1.2% | |
| Rogers Communications Inc | -1.2% | |
| Cameco Corp | -1.2% | |
| TFI International Inc | -1.2% | |
| GFL Environmental Inc | -1.2% | |
EXPLORE OTHER INVESTMENT SOLUTIONS
DISCLAIMER: This information on this web page does not constitute investment, legal or tax advice. Performance is inclusive of reinvested distributions. Past performance is not indicative of future results. Any data provided on this web page should not be viewed as a recommendation or solicitation of an offer to buy or sell any securities or investment strategies. The information on this web page is based on market conditions and may fluctuate and change without notice. Accelerate does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this website and any liability is expressly disclaimed.
