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
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- Outperform the broad Canadian equity index
- Provide volatility in-line with the broad Canadian equity index
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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 2024-Dec-31
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||
|---|---|---|---|---|---|---|---|---|
| ATSX | -0.2% | 8.3% | 21.7% | 21.7% | 8.1% | 11.3% | 10.0% |
Fund Characteristics as of 2024-Dec-31
| Long | Short | |
|---|---|---|
| Number of Securities | 43 | 43 |
| Average Market Cap ($mm) | $26,610 | $21,602 |
| Beta | 0.9 | 1.1 |
| EBITDA/EV | 9.8% | 7.8% |
| FCF/EV | 7.0% | -0.1% |
| Trailing Return | 47.8% | 4.0% |
| Pct of 52 Week High | 95.1% | 81.1% |
| Return on Capital | 15.7% | 3.2% |
| Gross Profits/Assets | 5.3% | 3.1% |
| 50 DMA to 200 DMA | 115% | 101.5% |
| EPS Revision | 1.8% | -2.0% |
| Change In Shares | -1.4% | 1.8% |
| Earnings Abnormal Return | 3.1% | -3.2% |
Sector Weightings as of 2024-Dec-31
| Long | Short | |
|---|---|---|
| Communication Services | 3.4% | -2.1% |
| Consumer Discretionary | 10.5% | -4.3% |
| Consumer Staples | 17.5% | -2.1% |
| Energy | 17.5% | -9.6% |
| Financials | 45.3% | -1.1% |
| Health Care | 0.0% | 0.0% |
| Industrials | 13.9% | -5.4% |
| Information Technology | 7.1% | -1.1% |
| Materials | 31.3% | -15.9% |
| Real Estate | 0.0% | 0.0% |
| Utilities | 3.4% | -4.2% |
| Equity Exposure | 149.9% | -45.7% |
Top Holdings as of 2024-Dec-31
| Long Security Name | Weight | |
|---|---|---|
| Suncor Energy Inc | 3.5% | |
| NuVista Energy Ltd | 3.5% | |
| Chemtrade Logistics Income Fund | 3.4% | |
| Hammond Power Solutions Inc | 3.3% | |
| Aecon Group Inc | 3.3% | |
| Keyera Corp | 3.3% | |
| Definity Financial Corp | 3.3% | |
| iA Financial Corp Inc | 3.3% | |
| CI Financial Corp | 3.3% | |
| Sun Life Financial Inc | 3.3% | |
| Tamarack Valley Energy Ltd | 3.3% | |
| Fairfax Financial Holdings Ltd | 3.3% | |
| Manulife Financial Corp | 3.3% | |
| National Bank of Canada | 3.3% | |
| Canadian Tire Corp Ltd | 3.3% | |
| Fiera Capital Corp | 3.2% | |
| Capital Power Corp | 3.2% | |
| Metro Inc/CN | 3.2% | |
| Gildan Activewear Inc | 3.2% | |
| Silvercorp Metals Inc | 3.2% | |
| Canadian Imperial Bank of Commerce | 3.2% | |
| North West Co Inc/The | 3.2% | |
| Transcontinental Inc | 3.2% | |
| CES Energy Solutions Corp | 3.2% | |
| Brookfield Asset Management Ltd | 3.2% | |
| Dundee Precious Metals Inc | 3.2% | |
| Dollarama Inc | 3.2% | |
| Torex Gold Resources Inc | 3.2% | |
| Celestica Inc | 3.2% | |
| Alamos Gold Inc | 3.2% | |
| Royal Bank of Canada | 3.2% | |
| Great-West Lifeco Inc | 3.2% | |
| Lundin Gold Inc | 3.2% | |
| Kinross Gold Corp | 3.2% | |
| Trican Well Service Ltd | 3.2% | |
| Loblaw Cos Ltd | 3.1% | |
| Power Corp of Canada | 3.1% | |
| Secure Energy Services Inc | 3.1% | |
| George Weston Ltd | 3.1% | |
| AGF Management Ltd | 3.1% | |
| Cogeco Communications Inc | 3.1% | |
| Russel Metals Inc | 3.1% | |
| Winpak Ltd | 3.1% | |
| Cogeco Inc | 3.1% | |
| CGI Inc | 3.1% | |
| CCL Industries Inc | 3.0% | |
| Bombardier Inc | 3.0% |
| Short Security Name | Weight | |
|---|---|---|
| CAE Inc | -1.3% | |
| Nutrien Ltd | -1.2% | |
| Linamar Corp | -1.2% | |
| Kelt Exploration Ltd | -1.2% | |
| Endeavour Silver Corp | -1.2% | |
| Vermilion Energy Inc | -1.2% | |
| Boyd Group Services Inc | -1.2% | |
| Novagold Resources Inc | -1.1% | |
| SSR Mining Inc | -1.1% | |
| TC Energy Corp | -1.1% | |
| Restaurant Brands International | -1.1% | |
| Veren Inc | -1.1% | |
| Algonquin Power & Utilities Co | -1.1% | |
| Cenovus Energy Inc | -1.1% | |
| ATS Corp | -1.1% | |
| Badger Infrastructure Solution | -1.1% | |
| Northland Power Inc | -1.1% | |
| Cameco Corp | -1.1% | |
| InterRent Real Estate Investment Trust | -1.1% | |
| Maple Leaf Foods Inc | -1.1% | |
| Superior Plus Corp | -1.1% | |
| Equinox Gold Corp | -1.1% | |
| Allied Properties Real Estate Investment Trust | -1.1% | |
| First Majestic Silver Corp | -1.1% | |
| Energy Fuels Inc/Canada | -1.1% | |
| Parkland Corp | -1.1% | |
| Canfor Corp | -1.1% | |
| Pembina Pipeline Corp | -1.1% | |
| Ivanhoe Mines Ltd | -1.1% | |
| Teck Resources Ltd | -1.1% | |
| NexGen Energy Ltd | -1.1% | |
| B2Gold Corp | -1.1% | |
| Canada Goose Holdings Inc | -1.1% | |
| StorageVault Canada Inc | -1.1% | |
| TELUS Corp | -1.1% | |
| Birchcliff Energy Ltd | -1.0% | |
| NorthWest Healthcare Properties | -1.0% | |
| MAG Silver Corp | -1.0% | |
| TELUS International CDA Inc | -1.0% | |
| Interfor Corp | -1.0% | |
| Stella-Jones Inc | -1.0% | |
| ERO Copper Corp | -1.0% | |
| Advantage Energy Ltd | -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.
