Accelerate Canadian Long Short Equity Fund
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 2024-Jun-28
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||
|---|---|---|---|---|---|---|---|---|
| ATSX | 0.5% | 0.8% | 8.4% | 13.9% | 8.9% | 8.4% | 8.5% |
Fund Characteristics as of 2024-Jun-28
| Long | Short | |
|---|---|---|
| Number of Securities | 50 | 45 |
| Average Market Cap ($mm) | $18,222 | $11,309 |
| Beta | 1.0 | 1.1 |
| EBITDA/EV | 13.8% | 6.5% |
| FCF/EV | 5.9% | -1.4% |
| Trailing Return | 37.5% | -13.4% |
| Pct of 52 Week High | 93.8% | 74.3% |
| Return on Capital | 16.0% | 0.7% |
| Gross Profits/Assets | 5.7% | 2.9% |
| 50 DMA to 200 DMA | 113% | 95.7% |
| EPS Revision | 4.5% | -1.5% |
| Change In Shares | -0.5% | 3.4% |
| Earnings Abnormal Return | 2.4% | -0.9% |
Sector Weightings as of 2024-Jun-28
| Long | Short | |
|---|---|---|
| Communication Services | 0.0% | -2.1% |
| Consumer Discretionary | 8.9% | -1.0% |
| Consumer Staples | 14.9% | -1.0% |
| Energy | 44.9% | -6.2% |
| Financials | 14.9% | -2.1% |
| Health Care | 0.0% | -1.1% |
| Industrials | 18.1% | -5.1% |
| Information Technology | 15.1% | -4.2% |
| Materials | 33.0% | -10.1% |
| Real Estate | 0.0% | -5.0% |
| Utilities | 0.0% | -8.1% |
| Equity Exposure | 149.8% | -46.0% |
Fund Holdings as of 2024-Jun-28
| Long Security Name | Weight | |
|---|---|---|
| Celestica Inc | 3.1% | |
| Secure Energy Services Inc | 3.1% | |
| CES Energy Solutions Corp | 3.1% | |
| Champion Iron Ltd | 3.1% | |
| Descartes Systems Group Inc/Th | 3.1% | |
| Stantec Inc | 3.1% | |
| Russel Metals Inc | 3.0% | |
| Stella-Jones Inc | 3.0% | |
| Keyera Corp | 3.0% | |
| Bombardier Inc | 3.0% | |
| Finning International Inc | 3.0% | |
| Wesdome Gold Mines Ltd | 3.0% | |
| Lundin Gold Inc | 3.0% | |
| Pason Systems Inc | 3.0% | |
| Converge Technology Solutions | 3.0% | |
| Savaria Corp | 3.0% | |
| Definity Financial Corp | 3.0% | |
| goeasy Ltd | 3.0% | |
| Metro Inc/CN | 3.0% | |
| Linamar Corp | 3.0% | |
| Primo Water Corp | 3.0% | |
| Royal Bank of Canada | 3.0% | |
| Torex Gold Resources Inc | 3.0% | |
| Peyto Exploration & Development Corp | 3.0% | |
| North West Co Inc | 3.0% | |
| Manulife Financial Corp | 3.0% | |
| MEG Energy Corp | 3.0% | |
| Dundee Precious Metals Inc | 3.0% | |
| Imperial Oil Ltd | 3.0% | |
| Precision Drilling Corp | 3.0% | |
| Pembina Pipeline Corp | 3.0% | |
| SilverCrest Metals Inc | 3.0% | |
| Loblaw Cos Ltd | 3.0% | |
| Kinross Gold Corp | 3.0% | |
| CGI Inc | 3.0% | |
| Gildan Activewear Inc | 3.0% | |
| Transcontinental Inc | 3.0% | |
| Hudbay Minerals Inc | 3.0% | |
| Element Fleet Management Corp | 3.0% | |
| Chemtrade Logistics Income Fund | 3.0% | |
| Cenovus Energy Inc | 3.0% | |
| George Weston Ltd | 3.0% | |
| NuVista Energy Ltd | 3.0% | |
| Obsidian Energy Ltd | 3.0% | |
| Suncor Energy Inc | 3.0% | |
| ARC Resources Ltd | 3.0% | |
| Trican Well Service Ltd | 3.0% | |
| Fairfax Financial Holdings Ltd | 2.9% | |
| Constellation Software Inc/Can | 2.9% | |
| Dollarama Inc | 2.9% |
| Short Security Name | Weight | |
|---|---|---|
| NexGen Energy Ltd | -1.1% | |
| Docebo Inc | -1.1% | |
| Laurentian Bank of Canada | -1.1% | |
| Well Health Technologies Corp | -1.1% | |
| Brookfield Infrastructure Corp | -1.0% | |
| Shopify Inc | -1.0% | |
| Bank of Nova Scotia/The | -1.0% | |
| Energy Fuels Inc/Canada | -1.0% | |
| CAE Inc | -1.0% | |
| Open Text Corp | -1.0% | |
| Franco-Nevada Corp | -1.0% | |
| Canfor Corp | -1.0% | |
| Lightspeed Commerce Inc | -1.0% | |
| Innergex Renewable Energy Inc | -1.0% | |
| GFL Environmental Inc | -1.0% | |
| TELUS Corp | -1.0% | |
| Spin Master Corp | -1.0% | |
| Brookfield Renewable Corp | -1.0% | |
| Rogers Communications Inc | -1.0% | |
| Algonquin Power & Utilities Co | -1.0% | |
| Westshore Terminals Investment | -1.0% | |
| SmartCentres Real Estate Investment Trust | -1.0% | |
| Spartan Delta Corp | -1.0% | |
| Ballard Power Systems Inc | -1.0% | |
| Interfor Corp | -1.0% | |
| Birchcliff Energy Ltd | -1.0% | |
| Emera Inc | -1.0% | |
| Veren Inc | -1.0% | |
| Capital Power Corp | -1.0% | |
| Baytex Energy Corp | -1.0% | |
| Jamieson Wellness Inc | -1.0% | |
| Novagold Resources Inc | -1.0% | |
| SSR Mining Inc | -1.0% | |
| First Quantum Minerals Ltd | -1.0% | |
| Allied Properties Real Estate Investment Trust | -1.0% | |
| StorageVault Canada Inc | -1.0% | |
| ATS Corp | -1.0% | |
| Ivanhoe Mines Ltd | -1.0% | |
| Osisko Mining Inc | -1.0% | |
| InterRent Real Estate Investme | -1.0% | |
| NorthWest Healthcare Properties | -1.0% | |
| Canadian Utilities Ltd | -1.0% | |
| Fortis Inc/Canada | -1.0% | |
| Lithium Americas Corp | -1.0% | |
| Filo 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.
