Accelerate Canadian Long Short Equity Fund
About the Fund
The Accelerate Canadian Long Short Equity Fund (TSX: ATSX) combines exposure to the S&P/TSX 60 plus a long-short Canadian equity overlay designed to add incremental performance above the broad Canadian equity index.
Investment Objectives
- Outperform the broad Canadian equity index
- Provide volatility in-line with the broad Canadian equity index
ATSX TRADING DATA
MEDIA
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QUICK FACTS
Type:
Alpha + beta
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:
$0.42 per quarter
Exchange:
TSX
Currency:
CAD
Risk Rating:
Medium
Track Record
Investment Process
- Value
- Quality
- Price Momentum
- Operating Momentum
- Trend
The Fund goes long a portfolio of the highest expected return stocks selected from the top decile ranking from the multi-factor model while going short a portfolio of the lowest expected return stocks selected from the bottom decile ranking. The portfolio is balanced on a monthly basis. The long portfolio is up to 50% of NAV and the short portfolio is up to -50% of NAV.
Performance as of 2024-Feb-29
1 Month | 3 Months | YTD | 1 Year | 3 Years | Since Inception | ||
---|---|---|---|---|---|---|---|
ATSX | 1.3% | 7.7% | 4.7% | 10.2% | 11.0% | 8.4% |
Fund Characteristics as of 2024-Feb-29
Long | Short | |
---|---|---|
Number of Securities | 45 | 45 |
Average Market Cap ($mm) | $16,923 | $6,587 |
Beta | 1.0 | 1.2 |
EBITDA/EV | 10.8% | 6.2% |
FCF/EV | 4.7% | -2.1% |
Trailing Return | 27.0% | -15.6% |
Pct of 52 Week High | 94.1% | 70.4% |
Return on Capital | 14.5% | 1.7% |
Gross Profits/Assets | 7.7% | 2.3% |
50 DMA to 200 DMA | 110% | 93.9% |
EPS Revision | -0.5% | -5.1% |
Change In Shares | -1.6% | 2.2% |
Earnings Abnormal Return | 3.4% | -3.0% |
Sector Weightings as of 2024-Feb-29
Long | Short | |
---|---|---|
Communication Services | 3.3% | 0.0% |
Consumer Discretionary | 16.8% | -2.1% |
Consumer Staples | 16.7% | -1.0% |
Energy | 20.2% | -9.3% |
Financials | 20.2% | -2.0% |
Health Care | 3.4% | 0.0% |
Industrials | 20.0% | -5.2% |
Information Technology | 16.2% | -1.9% |
Materials | 23.4% | -13.3% |
Real Estate | 10.0% | -4.1% |
Utilities | 0.0% | -7.2% |
Equity Exposure | 150.1% | -46.1% |
Fund Holdings as of 2024-Feb-29
Long Security Name | Weight | |
---|---|---|
Fairfax Financial Holdings Ltd | 3.6% | |
Pason Systems Inc | 3.4% | |
Hammond Power Solutions Inc | 3.4% | |
Major Drilling Group International Inc | 3.4% | |
Imperial Oil Ltd | 3.4% | |
Primo Water Corp | 3.4% | |
CES Energy Solutions Corp | 3.4% | |
Spin Master Corp | 3.4% | |
SilverCrest Metals Inc | 3.4% | |
Colliers International Group Inc | 3.4% | |
Stella-Jones Inc | 3.4% | |
Gildan Activewear Inc | 3.4% | |
Trican Well Service Ltd | 3.4% | |
iA Financial Corp Inc | 3.4% | |
Martinrea International Inc | 3.4% | |
CI Financial Corp | 3.4% | |
Chartwell Retirement Residence | 3.4% | |
Badger Infrastructure Solution | 3.4% | |
North West Co Inc/The | 3.4% | |
Parkland Corp | 3.4% | |
BRP Inc | 3.4% | |
Kinross Gold Corp | 3.3% | |
EQB Inc | 3.3% | |
Toromont Industries Ltd | 3.3% | |
Boyd Group Services Inc | 3.3% | |
Boardwalk Real Estate Investment Trust | 3.3% | |
Manulife Financial Corp | 3.3% | |
Dollarama Inc | 3.3% | |
Cascades Inc | 3.3% | |
Loblaw Cos Ltd | 3.3% | |
George Weston Ltd | 3.3% | |
Champion Iron Ltd | 3.3% | |
Stantec Inc | 3.3% | |
Secure Energy Services Inc | 3.3% | |
Russel Metals Inc | 3.3% | |
FirstService Corp | 3.3% | |
Eldorado Gold Corp | 3.3% | |
Alimentation Couche-Tard Inc | 3.3% | |
CGI Inc | 3.3% | |
Celestica Inc | 3.3% | |
Great-West Lifeco Inc | 3.3% | |
Quebecor Inc | 3.3% | |
Descartes Systems Group Inc/Th | 3.3% | |
Shopify Inc | 3.3% | |
Constellation Software Inc/Can | 3.1% |
Short Security Name | Weight | |
---|---|---|
TELUS International CDA Inc | -1.1% | |
Ballard Power Systems Inc | -1.0% | |
Superior Plus Corp | -1.0% | |
Saputo Inc | -1.0% | |
Ovintiv Inc | -1.0% | |
Enbridge Inc | -1.0% | |
Allied Properties Real Estate Investment | -1.0% | |
Tamarack Valley Energy Ltd | -1.0% | |
Brookfield Infrastructure Part | -1.0% | |
Laurentian Bank of Canada | -1.0% | |
CAE Inc | -1.0% | |
Altius Minerals Corp | -1.0% | |
Novagold Resources Inc | -1.0% | |
SSR Mining Inc | -1.0% | |
Paramount Resources Ltd | -1.0% | |
MAG Silver Corp | -1.0% | |
MTY Food Group Inc | -1.0% | |
Ivanhoe Mines Ltd | -1.0% | |
Algonquin Power & Utilities Co | -1.0% | |
Northland Power Inc | -1.0% | |
Crescent Point Energy Corp | -1.0% | |
Sandstorm Gold Ltd | -1.0% | |
Seabridge Gold Inc | -1.0% | |
Pan American Silver Corp | -1.0% | |
Canadian Utilities Ltd | -1.0% | |
NorthWest Healthcare Properties | -1.0% | |
Cargojet Inc | -1.0% | |
Emera Inc | -1.0% | |
Topaz Energy Corp | -1.0% | |
Altus Group Ltd/Canada | -1.0% | |
Filo Corp | -1.0% | |
Energy Fuels Inc/Canada | -1.0% | |
First Quantum Minerals Ltd | -1.0% | |
Park Lawn Corp | -1.0% | |
First Majestic Silver Corp | -1.0% | |
NexGen Energy Ltd | -1.0% | |
Aecon Group Inc | -1.0% | |
Canadian Western Bank | -1.0% | |
Artis Real Estate Investment Trust | -1.0% | |
Interfor Corp | -1.0% | |
Canfor Corp | -1.0% | |
Birchcliff Energy Ltd | -1.0% | |
Dye & Durham Ltd | -1.0% | |
Innergex Renewable Energy Inc | -1.0% | |
Lightspeed Commerce Inc | -0.9% |
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.