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-Apr-30

1 Month3 MonthsYTD1 Year3 YearsSince Inception

Overlay Fund Characteristics as of 2023-Apr-30

Long Short
Number of Securities4545
Average Market Cap ($mm)$19,799$8,640
Beta1.1 1.2
Trailing Return10.2%-27.5%
Pct of 52 Week High91.4%72.4%
Return on Capital20.5%-1.4%
Gross Profits/Assets7.3%2.1%
50 DMA to 200 DMA110%98.3%
EPS Revision-4.2%-0.4%
Change In Shares-1.0%3.1%
Earnings Abnormal Return0.7%-3.4%

Sector Weightings as of 2023-Apr-30

Long Short
Communication Services1.1%-1.0%
Consumer Discretionary6.7%-1.0%
Consumer Staples5.4%-2.0%
Health Care0.0%-1.0%
Information Technology2.2%-5.1%
Real Estate0.0%-7.2%
Overlay Equity Exposure50.0%-46.1%
S&P/TSX60 Index Exposure99.5%0.0%

Fund Holdings as of 2023-Apr-30

Long Security NameWeight
S&P / TSX 60 Index Futures94.6%
IShares S&P TSX 60 Index ETF4.9%
Frontera Energy Corp1.2%
Element Fleet Management Corp1.2%
Ag Growth International Inc1.1%
Martinrea International Inc1.1%
Canadian National Railway Co1.1%
Dollarama Inc1.1%
Finning International Inc1.1%
NuVista Energy Ltd1.1%
Silvercorp Metals Inc1.1%
Parex Resources Inc1.1%
Canadian Natural Resources Ltd1.1%
Teck Resources Ltd1.1%
Stantec Inc1.1%
Russel Metals Inc1.1%
Torex Gold Resources Inc1.1%
Linamar Corp1.1%
CGI Inc1.1%
BRP Inc1.1%
Dundee Precious Metals Inc1.1%
Imperial Oil Ltd1.1%
Lundin Gold Inc1.1%
Restaurant Brands International1.1%
MEG Energy Corp1.1%
Royal Bank of Canada1.1%
Bombardier Inc1.1%
Stelco Holdings Inc1.1%
Baytex Energy Corp1.1%
iA Financial Corp Inc1.1%
TFI International Inc1.1%
Celestica Inc1.1%
Mullen Group Ltd1.1%
CCL Industries Inc1.1%
Stella-Jones Inc1.1%
Chemtrade Logistics Income Fund1.1%
Alimentation Couche-Tard Inc1.1%
Boyd Group Services Inc1.1%
Canadian Tire Corp Ltd1.1%
Quebecor Inc1.1%
North West Co Inc/The1.1%
Loblaw Cos Ltd1.1%
ARC Resources Ltd1.1%
Pason Systems Inc1.1%
Nutrien Ltd1.1%
George Weston Ltd1.1%
Empire Co Ltd1.1%


Short Security NameWeight
Osisko Mining Inc-1.1%
Endeavour Silver Corp-1.1%
Novagold Resources Inc-1.1%
Wesdome Gold Mines Ltd-1.0%
ECN Capital Corp-1.0%
MAG Silver Corp-1.0%
TC Energy Corp-1.0%
First Majestic Silver Corp-1.0%
Nexus Industrial REIT-1.0%
Aecon Group Inc-1.0%
Seabridge Gold Inc-1.0%
Lightspeed Commerce Inc-1.0%
Pan American Silver Corp-1.0%
Brookfield Corp-1.0%
Shopify Inc-1.0%
True North Commercial Real Estate Investment Trust-1.0%
Innergex Renewable Energy Inc-1.0%
Killam Apartment Real Estate Investment Trust-1.0%
Chartwell Retirement Residence-1.0%
TELUS Corp-1.0%
InterRent Real Estate Investment Trust-1.0%
Energy Fuels Inc/Canada-1.0%
NexGen Energy Ltd-1.0%
Equinox Gold Corp-1.0%
Air Canada-1.0%
AltaGas Ltd-1.0%
Canadian Western Bank-1.0%
SNC-Lavalin Group Inc-1.0%
Algonquin Power & Utilities Co-1.0%
Cargojet Inc-1.0%
Fortuna Silver Mines Inc-1.0%
Westshore Terminals Investment Corp-1.0%
Sandstorm Gold Ltd-1.0%
Allied Properties Real Estate Investment Trust-1.0%
Kinaxis Inc-1.0%
Tricon Residential Inc-1.0%
TransAlta Renewables Inc-1.0%
Maple Leaf Foods Inc-1.0%
NorthWest Healthcare Properties-1.0%
BlackBerry Ltd-1.0%
Tamarack Valley Energy Ltd-1.0%
Premium Brands Holdings Corp-1.0%
Ballard Power Systems Inc-1.0%
Ceridian HCM Holding Inc-1.0%
Spin Master Corp-1.0%

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.