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 2025-Jan-31

1 Month3 MonthsYTD1 Year3 Years5 YearsSince Inception
HDGE2.5%2.2%2.5%16.4%12.9%12.4%8.2%

Fund Characteristics as of 2025-Jan-31

Long Short
Number of Securities4843
Average Market Cap ($mm)$53,916$11,384
Beta1.1 1.3
EBITDA/EV10.0%5.0%
FCF/EV6.1%-1.4%
Trailing Return92.3%-26.8%
Pct of 52 Week High94.1%56.5%
Return on Capital21.6%-7.1%
Gross Profits/Assets9.3%4.9%
50 DMA to 200 DMA122.9%86.9%
EPS Revision0.6%0.9%
Change In Shares-2.4%4.7%
Earnings Abnormal Return7.9%-7.2%

Sector Weightings as of 2025-Jan-31

Long Short
Communication Services13.8%-3.2%
Consumer Discretionary14.0%-4.3%
Consumer Staples13.7%0.0%
Energy6.9%-3.2%
Financials11.8%-3.3%
Health Care9.2%-6.0%
Industrials11.9%-7.7%
Information Technology11.7%-12.0%
Materials16.2%-5.4%
Real Estate0.0%0.0%
Utilities2.5%-1.1%
Equity Exposure111.8%-46.3%

Top Holdings as of 2025-Jan-31

Long Security NameWeight
Celestica Inc2.5%
Talen Energy Corp2.5%
Knife River Corp2.5%
EMCOR Group Inc2.5%
Virtu Financial Inc2.4%
Acuity Brands Inc2.4%
Doximity Inc2.4%
Phinia Inc2.4%
Ameriprise Financial Inc2.4%
CompoSecure Inc2.4%
AppLovin Corp2.4%
Live Nation Entertainment Inc2.4%
Griffon Corp2.4%
Allison Transmission Holdings2.4%
Cargurus Inc2.4%
Synchrony Financial2.4%
CRH PLC2.3%
Progressive Corp/The2.3%
Expedia Group Inc2.3%
Perimeter Solutions Inc2.3%
US Foods Holding Corp2.3%
Deckers Outdoor Corp2.3%
Select Water Solutions Inc2.3%
F5 Inc2.3%
Stride Inc2.3%
Gildan Activewear Inc2.3%
ResMed Inc2.3%
Wesdome Gold Mines Ltd2.3%
Enerflex Ltd2.3%
Vimeo Inc2.3%
Booking Holdings Inc2.3%
NCR Atleos Corp2.3%
BellRing Brands Inc2.3%
McKesson Corp2.3%
Sprouts Farmers Market Inc2.3%
SkyWest Inc2.3%
Trican Well Service Ltd2.3%
Meta Platforms Inc2.3%
Dundee Precious Metals Inc2.3%
Fox Corp2.3%
Lundin Gold Inc2.3%
Pilgrims Pride Corp2.3%
TEGNA Inc2.2%
George Weston Ltd2.2%
K92 Mining Inc2.2%
Loblaw Cos Ltd2.2%
InterDigital Inc2.2%
Embecta Corp2.1%

 

Short Security NameWeight
Rocket Cos Inc-1.2%
Titan International Inc-1.2%
EchoStar Corp-1.2%
Viasat Inc-1.2%
Quanex Building Products Corp-1.1%
Corsair Gaming Inc-1.1%
Tronox Holdings PLC-1.1%
Titan Machinery Inc-1.1%
MaxLinear Inc-1.1%
Radius Recycling Inc-1.1%
PBF Energy Inc-1.1%
Advance Auto Parts Inc-1.1%
Chemours Co/The-1.1%
Amplitude Inc-1.1%
Marten Transport Ltd-1.1%
Beyond Inc-1.1%
Simulations Plus Inc-1.1%
Pagaya Technologies Ltd-1.1%
Albemarle Corp-1.1%
Delek US Holdings Inc-1.1%
AES Corp/The-1.1%
Couchbase Inc-1.1%
Bloomin Brands Inc-1.1%
Brookdale Senior Living Inc-1.1%
Monolithic Power Systems Inc-1.1%
Stratasys Ltd-1.1%
MongoDB Inc-1.1%
Insperity Inc-1.1%
Green Dot Corp-1.1%
Advanced Micro Devices Inc-1.1%
PROS Holdings Inc-1.1%
Microchip Technology Inc-1.1%
Capri Holdings Ltd-1.0%
Manchester United Plc-1.0%
Flagstar Financial Inc-1.0%
Boeing Co/The-1.0%
ERO Copper Corp-1.0%
Par Pacific Holdings Inc-1.0%
Fulgent Genetics Inc-1.0%
Fortrea Holdings Inc-1.0%
Lions Gate Entertainment Corp-1.0%
CryoPort Inc-0.9%
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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.