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
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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 Month3 MonthsYTD1 Year3 Years5 YearsSince Inception
ATSX5.5%7.6%7.5%21.3%10.1%12.3%10.6%

Fund Characteristics as of 2025-May-31

Long Short
Number of Securities4439
Average Market Cap ($mm)$23,650$13,615
Beta 1.0 1.1
EBITDA/EV8.4%7.8%
FCF/EV5.0%2.5%
Trailing Return35.4%-17.4%
Pct of 52 Week High89.9%76.8%
Return on Capital11.5%5.2%
Gross Profits/Assets4.2%2.5%
50 DMA to 200 DMA109%88.6%
EPS Revision-0.9%-9.5%
Change In Shares-1.3%-0.2%
Earnings Abnormal Return1.9%3.3%

Sector Weightings as of 2025-May-31

Long Short
Communication Services6.8%-2.4%
Consumer Discretionary10.2%-2.4%
Consumer Staples13.7%-1.2%
Energy27.3%-9.4%
Financials27.3%-4.7%
Health Care0.0%0.0%
Industrials13.6%-9.4%
Information Technology10.2%-1.2%
Materials40.9%-10.6%
Real Estate0.0%-1.2%
Utilities0.0%-3.5%
Equity Exposure150.1%-46.1%

Top Holdings as of 2025-May-31

Long Security NameWeight
Kinaxis Inc3.4%
iA Financial Corp Inc3.4%
Intact Financial Corp3.4%
Lundin Gold Inc3.4%
Celestica Inc3.4%
Gildan Activewear Inc3.4%
Suncor Energy Inc3.4%
Toromont Industries Ltd3.4%
Royal Bank of Canada3.4%
Metro Inc/CN3.4%
Empire Co Ltd3.4%
Dollarama Inc3.4%
Manulife Financial Corp3.4%
Loblaw Cos Ltd3.4%
Aritzia Inc3.4%
Definity Financial Corp3.4%
Torex Gold Resources Inc3.4%
Kinross Gold Corp3.4%
Maple Leaf Foods Inc3.4%
Stingray Group Inc3.4%
Secure Waste Infrastructure Co3.4%
Wesdome Gold Mines Ltd3.4%
Fortuna Mining Corp3.4%
Blackline Safety Corp3.4%
Dexterra Group Inc3.4%
Imperial Oil Ltd3.4%
Dundee Precious Metals Inc3.4%
Chorus Aviation Inc3.4%
Taseko Mines Ltd3.4%
Quebecor Inc3.4%
Pan American Silver Corp3.4%
New Gold Inc3.4%
Trican Well Service Ltd3.4%
Kolibri Global Energy Inc3.4%
Orla Mining Ltd3.4%
TMX Group Ltd3.4%
Barrick Mining Corp3.4%
Peyto Exploration & Development Corp3.4%
Transcontinental Inc3.4%
Finning International Inc3.4%
Keyera Corp3.4%
Great-West Lifeco Inc3.4%
Canadian Natural Resources Ltd3.4%
Power Corp of Canada3.4%

 

Short Security NameWeight
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%
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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.