Accelerate Enhanced Canadian Benchmark Alternative Fund

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

Alpha + beta

Alternative ETF

Date Started:
May 10, 2019

Management Fee:

Performance Fee:
1/2 of outperformance above S&P/ TSX 60 Total Return

Investment Manager:
Accelerate Financial Technologies Inc.

$0.42 per quarter



Risk Rating:

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 2023-Feb-28

1 Month3 MonthsYTD1 Year3 YearsSince Inception

Overlay Fund Characteristics as of 2023-Feb-28

Long Short
Number of Securities4546
Average Market Cap ($mm)$21,052$8,881
Trailing Return14.3%-21.8%
Pct of 52 Week High90.4%69.3%
Return on Capital20.7%0.7%
Gross Profits/Assets6.7%2.3%
50 DMA to 200 DMA108%96.0%
EPS Revision-2.5%2.2%
Change In Shares-1.3%1.9%
Earnings Abnormal Return0.8%-1.1%

Sector Weightings as of 2023-Feb-28

Long Short
Communication Services1.1%-1.0%
Consumer Discretionary8.7%-1.9%
Consumer Staples6.8%-2.0%
Health Care0.0%-1.0%
Information Technology2.2%-5.7%
Real Estate0.0%-6.9%
Overlay Equity Exposure49.6%-44.8%
S&P/TSX60 Index Exposure97.7%0.0%

Fund Holdings as of 2023-Feb-28

Long Security NameWeight
S&P / TSX 60 Index Futures92.5%
IShares S&P TSX 60 Index ETF5.2%
Russel Metals Inc1.2%
Intact Financial Corp1.2%
Alimentation Couche-Tard Inc1.1%
International Petroleum Corp1.1%
ARC Resources Ltd1.1%
North West Co Inc/The1.1%
Metro Inc/CN1.1%
Imperial Oil Ltd1.1%
TFI International Inc1.1%
Parex Resources Inc1.1%
George Weston Ltd1.1%
Canadian Natural Resources Ltd1.1%
Canadian National Railway Co1.1%
NuVista Energy Ltd1.1%
Empire Co Ltd1.1%
Uni-Select Inc1.1%
Canadian Tire Corp Ltd1.1%
Finning International Inc1.1%
Celestica Inc1.1%
iA Financial Corp Inc1.1%
Dollarama Inc1.1%
Quebecor Inc1.1%
Loblaw Cos Ltd1.1%
Restaurant Brands Internationa1.1%
CGI Inc1.1%
Linamar Corp1.1%
Mullen Group Ltd1.1%
Stelco Holdings Inc1.1%
Birchcliff Energy Ltd1.1%
Baytex Energy Corp1.1%
Stella-Jones Inc1.1%
BRP Inc1.1%
Enerplus Corp1.1%
Royal Bank of Canada1.1%
West Fraser Timber Co Ltd1.1%
CCL Industries Inc1.1%
Teck Resources Ltd1.1%
Element Fleet Management Corp1.1%
Nutrien Ltd1.1%
Chemtrade Logistics Income Fun1.1%
Martinrea International Inc1.1%
Aritzia Inc1.0%
Torex Gold Resources Inc1.0%
Lundin Gold Inc1.0%
Bombardier Inc1.0%


Short Security NameWeight
Tricon Residential Inc-1.0%
Algonquin Power & Utilities Co-1.0%
Premium Brands Holdings Corp-1.0%
Dream Industrial Real Estate Investment Trust-1.0%
Aecon Group Inc-1.0%
CAE Inc-1.0%
Cargojet Inc-1.0%
TC Energy Corp-1.0%
WSP Global Inc-1.0%
Maple Leaf Foods Inc-1.0%
Superior Plus Corp-1.0%
Chartwell Retirement Residence-1.0%
Energy Fuels Inc/Canada-1.0%
Tucows Inc-1.0%
Westshore Terminals Investment-1.0%
Canadian Apartment Properties-1.0%
Wesdome Gold Mines Ltd-1.0%
Canadian Western Bank-1.0%
Park Lawn Corp-1.0%
NorthWest Healthcare Propertie-1.0%
Killam Apartment Real Estate I-1.0%
NexGen Energy Ltd-1.0%
Brookfield Corp-1.0%
SilverCrest Metals Inc-1.0%
Parkland Corp-1.0%
SNC-Lavalin Group Inc-1.0%
Allied Properties Real Estate-1.0%
Ceridian HCM Holding Inc-1.0%
Ballard Power Systems Inc-1.0%
Osisko Mining Inc-1.0%
AltaGas Ltd-1.0%
InterRent Real Estate Investme-1.0%
Novagold Resources Inc-1.0%
Shopify Inc-1.0%
TELUS Corp-1.0%
MAG Silver Corp-0.9%
Pan American Silver Corp-0.9%
BlackBerry Ltd-0.9%
Endeavour Silver Corp-0.9%
Eldorado Gold Corp-0.9%
ECN Capital Corp-0.9%
Seabridge Gold Inc-0.9%
Spin Master Corp-0.9%
Nuvei Corp-0.9%
Lightspeed Commerce Inc-0.9%
Equinox Gold Corp-0.9%

DISCLAIMER: This information on this web page does not constitute investment, legal or tax advice. 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.