Accelerate Canadian Long Short Equity Fund

Equity Plus.

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.

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:
$0.42 per quarter

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-Apr-30

1 Month3 MonthsYTD1 Year3 YearsSince Inception
ATSX-2.5%1.5%4.9%7.9%8.2%8.1%

Fund Characteristics as of 2024-Apr-30

Long Short
Number of Securities4645
Average Market Cap ($mm)$16,509$7,669
Beta1.0 1.1
EBITDA/EV12.1%7.4%
FCF/EV5.7%-1.9%
Trailing Return30.4%-21.4%
Pct of 52 Week High95.0%73.8%
Return on Capital15.3%1.3%
Gross Profits/Assets6.2%2.7%
50 DMA to 200 DMA112%92.5%
EPS Revision-1.6%-2.1%
Change In Shares-2.6%3.4%
Earnings Abnormal Return3.7%-3.0%

Sector Weightings as of 2024-Apr-30

Long Short
Communication Services3.2%-1.0%
Consumer Discretionary9.8%-1.0%
Consumer Staples12.8%-3.1%
Energy39.6%-4.2%
Financials19.4%-1.0%
Health Care0.0%-1.0%
Industrials22.6%-2.0%
Information Technology22.2%-3.1%
Materials19.4%-17.2%
Real Estate0.0%-3.0%
Utilities0.0%-8.9%
Equity Exposure149.0%-45.4%

Fund Holdings as of 2024-Apr-30

Long Security NameWeight
Trican Well Service Ltd3.4%
CES Energy Solutions Corp3.4%
ARC Resources Ltd3.4%
Imperial Oil Ltd3.3%
NuVista Energy Ltd3.3%
Suncor Energy Inc3.3%
Dollarama Inc3.3%
Canadian Natural Resources Ltd3.3%
Secure Energy Services Inc3.3%
Definity Financial Corp3.3%
MEG Energy Corp3.3%
Topicus.com Inc3.3%
goeasy Ltd3.3%
Toromont Industries Ltd3.3%
Hammond Power Solutions Inc3.3%
Champion Iron Ltd3.3%
Gildan Activewear Inc3.2%
Ag Growth International Inc3.2%
Pason Systems Inc3.2%
Loblaw Cos Ltd3.2%
Stella-Jones Inc3.2%
Kinross Gold Corp3.2%
Dundee Precious Metals Inc3.2%
Sun Life Financial Inc3.2%
Mullen Group Ltd3.2%
Keyera Corp3.2%
Stantec Inc3.2%
Metro Inc/CN3.2%
TFI International Inc3.2%
CGI Inc3.2%
Transcontinental Inc3.2%
Celestica Inc3.2%
Onex Corp3.2%
Linamar Corp3.2%
Descartes Systems Group Inc/The3.2%
CI Financial Corp3.2%
George Weston Ltd3.2%
Manulife Financial Corp3.2%
Docebo Inc3.2%
Crescent Point Energy Corp3.2%
Russel Metals Inc3.2%
North West Co Inc/The3.2%
Cogeco Inc3.2%
SilverCrest Metals Inc3.2%
Converge Technology Solutions3.1%
Constellation Software Inc/Can3.0%

 

Short Security NameWeight
Baytex Energy Corp-1.1%
Crew Energy Inc-1.1%
Orla Mining Ltd-1.1%
SSR Mining Inc-1.0%
Ivanhoe Mines Ltd-1.0%
Maple Leaf Foods Inc-1.0%
Franco-Nevada Corp-1.0%
Vermilion Energy Inc-1.0%
Osisko Gold Royalties Ltd-1.0%
Lightspeed Commerce Inc-1.0%
Jamieson Wellness Inc-1.0%
Filo Corp-1.0%
Birchcliff Energy Ltd-1.0%
Enghouse Systems Ltd-1.0%
Northland Power Inc-1.0%
Emera Inc-1.0%
First Quantum Minerals Ltd-1.0%
TELUS Corp-1.0%
Capital Power Corp-1.0%
Well Health Technologies Corp-1.0%
Interfor Corp-1.0%
B2Gold Corp-1.0%
First Majestic Silver Corp-1.0%
Newmont Corp-1.0%
Kinaxis Inc-1.0%
Canfor Corp-1.0%
Innergex Renewable Energy Inc-1.0%
ERO Copper Corp-1.0%
Park Lawn Corp-1.0%
Laurentian Bank of Canada-1.0%
Fortis Inc/Canada-1.0%
Killam Apartment Real Estate Investment Trust-1.0%
NorthWest Healthcare Properties-1.0%
MAG Silver Corp-1.0%
Saputo Inc-1.0%
Ballard Power Systems Inc-1.0%
ATS Corp-1.0%
Endeavour Mining PLC-1.0%
Allied Properties Real Estate Investment Trust-1.0%
Equinox Gold Corp-1.0%
Brookfield Renewable Corp-1.0%
Novagold Resources Inc-1.0%
Brookfield Infrastructure Part-1.0%
Brookfield Infrastructure Corp-1.0%
Algonquin Power & Utilities Co-1.0%
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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.