Accelerate Enhanced Canadian Benchmark Alternative Fund

7% Yield.

The Accelerate Enhanced Canadian Benchmark Alternative Fund (TSX:ATSX) combines exposure
to the S&P/TSX 60 plus a long-short Canadian equity overlay designed to add incremental
performance above the broad Canadian equity index.

About the Fund

The Accelerate Enhanced Canadian Benchmark Alternative Fund (TSX: ATSX) combines exposure to the S&P/TSX 60 plus a long-short Canadian equity overlay designed to add incremental performance above the broad Canadian equity index.

Investment Objectives

  • Outperform the broad Canadian equity index
  • Provide volatility in-line with the broad Canadian equity index
ATSX TRADING DATA
NAV:
Date:
MEDIA
SUBSCRIBE TO OUR DISTRIBUTION LIST TO STAY UPDATED ON HDGE
QUICK FACTS

Type:
Alpha + beta

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:
$0.42 per quarter

Exchange:
TSX

Currency:
CAD

Risk Rating:
Medium

Track Record

Investment Process

In addition to providing exposure to the broad Canadian equity index, either through derivatives, ETFs or the underlying equities, ATSX holds a diversified, long-short equity overlay portfolio of Canadian equities.
To select the long-short overlay portfolio, ATSX utilizes a systematic, proprietary multi-factor model to sort and rank all liquid Canadian stocks based on 5 principle factors:
  1. Value
  2. Quality
  3. Price Momentum
  4. Operating Momentum
  5. Trend

The Fund goes long a portfolio of the highest expected return stocks selected from the top decile ranking from the multi-factor model while going short a portfolio of the lowest expected return stocks selected from the bottom decile ranking. The portfolio is balanced on a monthly basis. The long portfolio is up to 50% of NAV and the short portfolio is up to -50% of NAV.

Performance as of 2024-Feb-29

1 Month3 MonthsYTD1 Year3 YearsSince Inception
ATSX1.3%7.7%4.7%10.2%11.0%8.4%

Fund Characteristics as of 2024-Feb-29

Long Short
Number of Securities4545
Average Market Cap ($mm)$16,923$6,587
Beta 1.0 1.2
EBITDA/EV10.8%6.2%
FCF/EV4.7%-2.1%
Trailing Return27.0%-15.6%
Pct of 52 Week High94.1%70.4%
Return on Capital14.5%1.7%
Gross Profits/Assets7.7%2.3%
50 DMA to 200 DMA110%93.9%
EPS Revision-0.5%-5.1%
Change In Shares-1.6%2.2%
Earnings Abnormal Return3.4%-3.0%

Sector Weightings as of 2024-Feb-29

Long Short
Communication Services3.3%0.0%
Consumer Discretionary16.8%-2.1%
Consumer Staples16.7%-1.0%
Energy20.2%-9.3%
Financials20.2%-2.0%
Health Care3.4%0.0%
Industrials20.0%-5.2%
Information Technology16.2%-1.9%
Materials23.4%-13.3%
Real Estate10.0%-4.1%
Utilities0.0%-7.2%
Equity Exposure150.1%-46.1%

Fund Holdings as of 2024-Feb-29

Long Security NameWeight
Fairfax Financial Holdings Ltd3.6%
Pason Systems Inc3.4%
Hammond Power Solutions Inc3.4%
Major Drilling Group International Inc3.4%
Imperial Oil Ltd3.4%
Primo Water Corp3.4%
CES Energy Solutions Corp3.4%
Spin Master Corp3.4%
SilverCrest Metals Inc3.4%
Colliers International Group Inc3.4%
Stella-Jones Inc3.4%
Gildan Activewear Inc3.4%
Trican Well Service Ltd3.4%
iA Financial Corp Inc3.4%
Martinrea International Inc3.4%
CI Financial Corp3.4%
Chartwell Retirement Residence3.4%
Badger Infrastructure Solution3.4%
North West Co Inc/The3.4%
Parkland Corp3.4%
BRP Inc3.4%
Kinross Gold Corp3.3%
EQB Inc3.3%
Toromont Industries Ltd3.3%
Boyd Group Services Inc3.3%
Boardwalk Real Estate Investment Trust3.3%
Manulife Financial Corp3.3%
Dollarama Inc3.3%
Cascades Inc3.3%
Loblaw Cos Ltd3.3%
George Weston Ltd3.3%
Champion Iron Ltd3.3%
Stantec Inc3.3%
Secure Energy Services Inc3.3%
Russel Metals Inc3.3%
FirstService Corp3.3%
Eldorado Gold Corp3.3%
Alimentation Couche-Tard Inc3.3%
CGI Inc3.3%
Celestica Inc3.3%
Great-West Lifeco Inc3.3%
Quebecor Inc3.3%
Descartes Systems Group Inc/Th3.3%
Shopify Inc3.3%
Constellation Software Inc/Can3.1%

 

Short Security NameWeight
TELUS International CDA Inc-1.1%
Ballard Power Systems Inc-1.0%
Superior Plus Corp-1.0%
Saputo Inc-1.0%
Ovintiv Inc-1.0%
Enbridge Inc-1.0%
Allied Properties Real Estate Investment-1.0%
Tamarack Valley Energy Ltd-1.0%
Brookfield Infrastructure Part-1.0%
Laurentian Bank of Canada-1.0%
CAE Inc-1.0%
Altius Minerals Corp-1.0%
Novagold Resources Inc-1.0%
SSR Mining Inc-1.0%
Paramount Resources Ltd-1.0%
MAG Silver Corp-1.0%
MTY Food Group Inc-1.0%
Ivanhoe Mines Ltd-1.0%
Algonquin Power & Utilities Co-1.0%
Northland Power Inc-1.0%
Crescent Point Energy Corp-1.0%
Sandstorm Gold Ltd-1.0%
Seabridge Gold Inc-1.0%
Pan American Silver Corp-1.0%
Canadian Utilities Ltd-1.0%
NorthWest Healthcare Properties-1.0%
Cargojet Inc-1.0%
Emera Inc-1.0%
Topaz Energy Corp-1.0%
Altus Group Ltd/Canada-1.0%
Filo Corp-1.0%
Energy Fuels Inc/Canada-1.0%
First Quantum Minerals Ltd-1.0%
Park Lawn Corp-1.0%
First Majestic Silver Corp-1.0%
NexGen Energy Ltd-1.0%
Aecon Group Inc-1.0%
Canadian Western Bank-1.0%
Artis Real Estate Investment Trust-1.0%
Interfor Corp-1.0%
Canfor Corp-1.0%
Birchcliff Energy Ltd-1.0%
Dye & Durham Ltd-1.0%
Innergex Renewable Energy Inc-1.0%
Lightspeed Commerce Inc-0.9%
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.