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
-
-
- 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:
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-Feb-28
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||
|---|---|---|---|---|---|---|---|---|
| ATSX | -1.0% | -0.3% | -0.1% | 16.2% | 7.9% | 11.1% | 9.7% |
Fund Characteristics as of 2025-Feb-28
| Long | Short | |
|---|---|---|
| Number of Securities | 43 | 43 |
| Average Market Cap ($mm) | $29,154 | $12,867 |
| Beta | 1.0 | 1.1 |
| EBITDA/EV | 11.0% | 8.3% |
| FCF/EV | 5.7% | -1.6% |
| Trailing Return | 50.3% | 9.3% |
| Pct of 52 Week High | 93.9% | 77.2% |
| Return on Capital | 15.0% | 3.5% |
| Gross Profits/Assets | 5.4% | 2.8% |
| 50 DMA to 200 DMA | 113% | 96.8% |
| EPS Revision | 2.2% | -10.5% |
| Change In Shares | -0.8% | 1.5% |
| Earnings Abnormal Return | 4.3% | -1.7% |
Sector Weightings as of 2025-Feb-28
| Long | Short | |
|---|---|---|
| Communication Services | 0.0% | -3.3% |
| Consumer Discretionary | 13.9% | -2.1% |
| Consumer Staples | 14.1% | -2.2% |
| Energy | 17.5% | -10.8% |
| Financials | 42.4% | -1.1% |
| Health Care | 0.0% | 0.0% |
| Industrials | 13.9% | -4.3% |
| Information Technology | 7.1% | -2.2% |
| Materials | 38.7% | -15.4% |
| Real Estate | 0.0% | 0.0% |
| Utilities | 3.6% | -5.5% |
| Equity Exposure | 151.1% | -46.8% |
Top Holdings as of 2025-Feb-28
| Long Security Name | Weight | |
|---|---|---|
| Celestica Inc | 3.6% | |
| Alamos Gold Inc | 3.6% | |
| Great-West Lifeco Inc | 3.6% | |
| iA Financial Corp Inc | 3.6% | |
| Sun Life Financial Inc | 3.6% | |
| Definity Financial Corp | 3.6% | |
| IAMGOLD Corp | 3.6% | |
| Power Corp of Canada | 3.6% | |
| Kinross Gold Corp | 3.6% | |
| CES Energy Solutions Corp | 3.6% | |
| Atco Ltd/Canada | 3.6% | |
| Finning International Inc | 3.5% | |
| National Bank of Canada | 3.5% | |
| Metro Inc/CN | 3.5% | |
| Canadian Imperial Bank of Commerce | 3.5% | |
| K92 Mining Inc | 3.5% | |
| Royal Bank of Canada | 3.5% | |
| Empire Co Ltd | 3.5% | |
| Wesdome Gold Mines Ltd | 3.5% | |
| Loblaw Cos Ltd | 3.5% | |
| Dundee Precious Metals Inc | 3.5% | |
| Torex Gold Resources Inc | 3.5% | |
| George Weston Ltd | 3.5% | |
| Manulife Financial Corp | 3.5% | |
| Enerflex Ltd | 3.5% | |
| Chemtrade Logistics Income Fund | 3.5% | |
| CGI Inc | 3.5% | |
| Winpak Ltd | 3.5% | |
| AGF Management Ltd | 3.5% | |
| Russel Metals Inc | 3.5% | |
| Trican Well Service Ltd | 3.5% | |
| Canadian Tire Corp Ltd | 3.5% | |
| Bank of Montreal | 3.5% | |
| Transcontinental Inc | 3.5% | |
| Keyera Corp | 3.5% | |
| Gildan Activewear Inc | 3.5% | |
| Brookfield Asset Management Ltd | 3.5% | |
| Aecon Group Inc | 3.5% | |
| Dollarama Inc | 3.5% | |
| D2L Inc | 3.4% | |
| Lundin Gold Inc | 3.4% | |
| Suncor Energy Inc | 3.4% | |
| WSP Global Inc | 3.4% |
| Short Security Name | Weight | |
|---|---|---|
| MAG Silver Corp | -1.2% | |
| Barrick Gold Corp | -1.2% | |
| Endeavour Silver Corp | -1.1% | |
| Algonquin Power & Utilities Co | -1.1% | |
| Innergex Renewable Energy Inc | -1.1% | |
| North American Construction Group Ltd | -1.1% | |
| Parkland Corp | -1.1% | |
| Aya Gold & Silver Inc | -1.1% | |
| Kinaxis Inc | -1.1% | |
| NexGen Energy Ltd | -1.1% | |
| Lundin Mining Corp | -1.1% | |
| TELUS Corp | -1.1% | |
| Saputo Inc | -1.1% | |
| Boralex Inc | -1.1% | |
| Teck Resources Ltd | -1.1% | |
| Rogers Communications Inc | -1.1% | |
| Ivanhoe Mines Ltd | -1.1% | |
| ERO Copper Corp | -1.1% | |
| Capstone Copper Corp | -1.1% | |
| Trisura Group Ltd | -1.1% | |
| Northland Power Inc | -1.1% | |
| SSR Mining Inc | -1.1% | |
| Cenovus Energy Inc | -1.1% | |
| Energy Fuels Inc/Canada | -1.1% | |
| Canfor Corp | -1.1% | |
| Exchange Income Corp | -1.1% | |
| ATS Corp | -1.1% | |
| Premium Brands Holdings Corp | -1.1% | |
| Canadian National Railway Co | -1.1% | |
| Magna International Inc | -1.1% | |
| BCE Inc | -1.1% | |
| Eldorado Gold Corp | -1.1% | |
| Pembina Pipeline Corp | -1.1% | |
| TransAlta Corp | -1.1% | |
| Restaurant Brands International Inc | -1.1% | |
| Open Text Corp | -1.1% | |
| Advantage Energy Ltd | -1.1% | |
| B2Gold Corp | -1.1% | |
| Birchcliff Energy Ltd | -1.1% | |
| Interfor Corp | -1.1% | |
| Bombardier Inc | -1.1% | |
| Cameco Corp | -1.0% | |
| Mattr Corp | -1.0% |
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.
