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:
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 2026-Sep-30
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||
|---|---|---|---|---|---|---|---|---|
| ATSX | 2.4% | 7.2% | 21.1% | 33.3% | 29.9% | 18.7% | 15.5% |
Fund Characteristics as of 2026-Sep-30
| Long | Short | |
|---|---|---|
| Number of Securities | 44 | 42 |
| Average Market Cap ($mm) | $50,613 | $14,085 |
| Median Market Cap ($mm) | $15,373 | $8,210 |
| Beta | 0.9 | 1.1 |
| EBITDA/EV | 10.7% | 7.9% |
| FCF/EV | 6.2% | 2.3% |
| Trailing Return | 43.4% | -5.4% |
| Pct of 52 Week High | 90.4% | 68.4% |
| Return on Capital | 16.4% | 4.6% |
| Gross Profits/Assets | 6.4% | 3.2% |
| 50 DMA to 200 DMA | 110.7% | 93.1% |
| EPS Revision | -0.1% | -0.9% |
| Change In Shares | -2.0% | 2.1% |
| Earnings Abnormal Return | 2.9% | -2.6% |
Sector Weightings as of 2026-Sep-30
| Long | Short | |
|---|---|---|
| Communication Services | 3.3% | -2.9% |
| Consumer Discretionary | 16.7% | -2.2% |
| Consumer Staples | 20.7% | -2.1% |
| Energy | 16.4% | -4.9% |
| Financials | 33.8% | -1.1% |
| Health Care | 0.0% | -1.2% |
| Industrials | 21.7% | -7.7% |
| Information Technology | 3.7% | -3.4% |
| Materials | 26.0% | -11.9% |
| Real Estate | 0.0% | -1.1% |
| Utilities | 6.8% | -5.2% |
Top Holdings as of 2026-Sep-30
| Long Security Name | Weight | |
|---|---|---|
| Russel Metals Inc | 4.1% | |
| Chorus Aviation Inc | 3.7% | |
| Kinaxis Inc | 3.7% | |
| Mattr Corp | 3.6% | |
| North West Co Inc/The | 3.6% | |
| CCL Industries Inc | 3.5% | |
| Canadian Tire Corp Ltd | 3.5% | |
| Manulife Financial Corp | 3.5% | |
| Metro Inc/CN | 3.5% | |
| Toronto-Dominion Bank/The | 3.5% | |
| Bank of Nova Scotia/The | 3.5% | |
| Wesdome Gold Mines Ltd | 3.4% | |
| Suncor Energy Inc | 3.4% | |
| Saputo Inc | 3.4% | |
| Canadian National Railway Co | 3.4% | |
| George Weston Ltd | 3.4% | |
| Empire Co Ltd | 3.4% | |
| Atco Ltd/Canada | 3.4% | |
| Great-West Lifeco Inc | 3.4% | |
| Magna International Inc | 3.4% | |
| Bank of Montreal | 3.4% | |
| Loblaw Cos Ltd | 3.4% | |
| Superior Plus Corp | 3.4% | |
| Canadian Imperial Bank of Commerce | 3.3% | |
| Power Corp of Canada | 3.3% | |
| IGM Financial Inc | 3.3% | |
| Linamar Corp | 3.3% | |
| Tamarack Valley Energy Ltd | 3.3% | |
| Centerra Gold Inc | 3.3% | |
| Imperial Oil Ltd | 3.3% | |
| Quebecor Inc | 3.3% | |
| Air Canada | 3.3% | |
| National Bank of Canada | 3.3% | |
| BRP Inc | 3.3% | |
| Cenovus Energy Inc | 3.3% | |
| Aritzia Inc | 3.2% | |
| Fortuna Mining Corp | 3.2% | |
| Discovery Mining Ltd | 3.2% | |
| Ovintiv Inc | 3.2% | |
| OceanaGold Corp | 3.2% | |
| Endeavour Mining PLC | 3.1% | |
| IAMGOLD Corp | 3.1% |
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.
