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-Aug-30

1 Month3 MonthsYTD1 Year3 Years5 YearsSince Inception
HDGE1.7%3.3%20.6%18.7%19.7%7.2%8.2%

Fund Characteristics as of 2024-Aug-30

Long Short
Number of Securities4741
Average Market Cap ($mm)$58,242$3,498
Beta0.9 1.3
EBITDA/EV12.9%-0.5%
FCF/EV8.1%-8.6%
Trailing Return51.1%-35.7%
Pct of 52 Week High93.8%48.4%
Return on Capital20.3%-13.6%
Gross Profits/Assets7.8%4.4%
50 DMA to 200 DMA115.2%78.3%
EPS Revision3.4%0.8%
Change In Shares-1.6%2.9%
Earnings Abnormal Return3.3%-4.8%

Sector Weightings as of 2024-Aug-30

Long Short
Communication Services7.0%-1.1%
Consumer Discretionary11.4%-2.3%
Consumer Staples13.8%0.0%
Energy11.4%0.0%
Financials13.9%-3.4%
Health Care9.4%-8.5%
Industrials11.5%-8.2%
Information Technology14.2%-11.8%
Materials12.1%-4.3%
Real Estate0.0%-3.2%
Utilities4.7%-1.0%
Equity Exposure109.4%-43.8%

Fund Holdings as of 2024-Aug-30

Long Security NameWeight
Lundin Gold Inc2.6%
Sylvamo Corp2.5%
Daktronics Inc2.5%
SilverCrest Metals Inc2.5%
Griffon Corp2.4%
Paysafe Ltd2.4%
DaVita Inc2.4%
NRG Energy Inc2.4%
Cirrus Logic Inc2.4%
AppLovin Corp2.4%
SM Energy Co2.4%
Brightsphere Investment Group2.4%
Meta Platforms Inc2.4%
George Weston Ltd2.3%
Loblaw Cos Ltd2.3%
Insight Enterprises Inc2.3%
Williams-Sonoma Inc2.3%
CES Energy Solutions Corp2.3%
Progressive Corp/The2.3%
GoDaddy Inc2.3%
Tenet Healthcare Corp2.3%
HCA Healthcare Inc2.3%
UnitedHealth Group Inc2.3%
PriceSmart Inc2.3%
Stride Inc2.3%
EMCOR Group Inc2.3%
T-Mobile US Inc2.3%
Electronic Arts Inc2.3%
Trican Well Service Ltd2.3%
North West Co Inc/The2.3%
VAALCO Energy Inc2.3%
F5 Inc2.3%
Dundee Precious Metals Inc2.3%
Synchrony Financial2.3%
Sprouts Farmers Market Inc2.3%
Markel Group Inc2.3%
Atmus Filtration Technologies2.3%
Grand Canyon Education Inc2.3%
Global Ship Lease Inc2.3%
Allison Transmission Holdings2.3%
National Fuel Gas Co2.3%
Phinia Inc2.3%
Mercury General Corp2.2%
Cabot Corp2.2%
BellRing Brands Inc2.2%
J Jill Inc2.2%
Kodiak Gas Services Inc2.1%

 

Short Security NameWeight
New York Community Bancorp Inc-1.3%
Redfin Corp-1.2%
Portillos Inc-1.2%
Amplitude Inc-1.2%
Canadian Solar Inc-1.2%
Interfor Corp-1.1%
Lightspeed Commerce Inc-1.1%
Community Healthcare Trust Inc-1.1%
Intel Corp-1.1%
Remitly Global Inc-1.1%
Definitive Healthcare Corp-1.1%
MaxLinear Inc-1.1%
Methode Electronics Inc-1.1%
Stratasys Ltd-1.1%
Net Power Inc-1.1%
Quanterix Corp-1.1%
QuantumScape Corp-1.1%
CryoPort Inc-1.1%
Freshworks Inc-1.1%
Perion Network Ltd-1.1%
ADTRAN Holdings Inc-1.1%
Mercury Systems Inc-1.1%
Navitas Semiconductor Corp-1.1%
Arcadium Lithium PLC-1.1%
Fulgent Genetics Inc-1.1%
Radius Recycling Inc-1.1%
Nevro Corp-1.1%
Bridge Investment Group Holdings-1.0%
Treace Medical Concepts Inc-1.0%
Albemarle Corp-1.0%
3D Systems Corp-1.0%
TrueBlue Inc-1.0%
Blade Air Mobility Inc-1.0%
Allegiant Travel Co-1.0%
Altus Power Inc-1.0%
Paragon 28 Inc-1.0%
Wolfspeed Inc-1.0%
OraSure Technologies Inc-1.0%
Seritage Growth Properties-0.9%
JetBlue Airways Corp-0.8%
Viasat Inc-0.7%
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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.