Accelerate Absolute Return Fund

Portfolio Protector.

The Accelerate Absolute Return Fund (TSX:HDGE, HDGE.U) is a quantitative long-short equity hedge fund that seeks to achieve attractive risk-adjusted returns with low correlation to the broad equity markets.

About the Fund

The Accelerate Absolute Return Fund (TSX: HDGE, HDGE.U) is a quantitative long-short equity hedge fund that seeks to achieve attractive risk-adjusted returns with low correlation to the broad equity markets.

Investment Objectives

  • Target 10-15% annualized returns
  • Generate positive returns irrespective of market direction
  • Hedge downside risk
  • Manage volatility
  • Provide uncorrelated returns

Accelerate Absolute Return Fund Explained:

HDGE TRADING DATA
NAV:
Date:
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QUICK FACTS

Type:
Long-short equity

Structure:
Alternative ETF

Date Started:
May 10, 2019

Management Fee:
0.00%

Performance Fee:
20% of outperformance over high water mark

Investment Manager:
Accelerate Financial Technologies Inc.

Distribution:
$0.10 per quarter

Exchange:
TSX

Currency:
CAD/USD

Risk Rating:
Medium

Track Record

Investment Process

HDGE utilizes a systematic, proprietary multi-factor model to sort and rank all liquid North American stocks based on five principal factors:
  1. Value
  2. Quality
  3. Price Momentum
  4. Operating Momentum
  5. Trend

The Fund is long a portfolio of stocks chosen from those having the highest expected return according to our data-driven multi-factor model. At the same time, the Fund is short a portfolio of of stocks chosen from those having the lowest expected return. The portfolio is rebalanced on a monthly basis to achieve the highest expected risk-adjusted return for investors.

Performance as of 2024-Oct-31

1 Month3 MonthsYTD1 Year3 Years5 YearsSince Inception
HDGE1.4%2.9%22.1%15.6%19.2%8.3%8.2%

Fund Characteristics as of 2024-Oct-31

Long Short
Number of Securities4841
Average Market Cap ($mm)$47,422$6,964
Beta1.0 1.3
EBITDA/EV11.6%-2.0%
FCF/EV7.0%-7.5%
Trailing Return72.8%-39.7%
Pct of 52 Week High95.5%49.4%
Return on Capital20.9%-14.7%
Gross Profits/Assets8.9%5.7%
50 DMA to 200 DMA116.7%77.5%
EPS Revision0.8%-4.7%
Change In Shares-3.6%4.3%
Earnings Abnormal Return8.1%-10.3%

Sector Weightings as of 2024-Oct-31

Long Short
Communication Services7.0%-1.1%
Consumer Discretionary11.4%-3.2%
Consumer Staples13.8%0.0%
Energy11.2%0.0%
Financials13.9%-2.3%
Health Care11.6%-8.6%
Industrials14.7%-6.8%
Information Technology11.7%-13.6%
Materials11.4%-6.6%
Real Estate0.0%-2.1%
Utilities2.2%-1.1%
Equity Exposure108.9%-45.4%

Top Holdings as of 2024-Oct-31

Long Security NameWeight
Cargurus Inc2.4%
Mercury General Corp2.4%
Secure Energy Services Inc2.4%
CompoSecure Inc2.4%
Cardinal Health Inc2.3%
AppLovin Corp2.3%
Jackson Financial Inc2.3%
Progressive Corp/The2.3%
Diebold Nixdorf Inc2.3%
Doximity Inc2.3%

 

Short Security NameWeight
Five9 Inc-1.2%
MYR Group Inc-1.2%
Zscaler Inc-1.2%
Intel Corp-1.2%
Mitek Systems Inc-1.2%
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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.