• NAV $8.74 05-Nov-2024
  • -$0.20 / -2.25% Daily NAV change
  • MARKET PRICE 05-Nov-2024
  • $8.76   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 104.2%
    Short -48.8%
    Net 55.4%
    Cash 44.6%
    30-Sep-2024
  • Aggregate assets
    (all series)
    $909.0M
    31-Oct-2024
  • Units outstanding 2,505,000
    06-Nov-2024
  • Management fee 1.15%
  • MER 1.50%
    30-Jun-2024
  • Investment program DRIP
  • Distributions Annually
  • Benchmark MSCI World Index
  • Exchange Cboe CA
  • CUSIP 31623A828
  • Morningstar category Alternative Equity Focused
  • Also available through: Trust US$, Trust CDN$ and Trust T-Series S5
  • Get ETF Facts

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Start NAV

$10.0000

End NAV

$10.4031
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Why invest in this fund?

  • Seeks to exploit mispricing of value oriented stocks
  • Utilizes a combination of long and short positions
  • Potential complement to traditional portfolios.

Calendar returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Standard period returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Risk measures (%) 30-Sep-2024

Fund
Annualized standard deviation 23.83
Beta -0.91
0.25

Risk classification

  1. Low
  2. Low to medium
  3. Medium
  4. Medium to high
  5. High

This fund has a high volatility rating

Allocation

Asset mix (%)

30-Sep-2024
Long Short Net
Foreign Equities 94.8 -47.9 46.9
Canadian Equities 9.4 -0.9 8.5
Cash & Other 45.0 -0.4 44.6

Country mix (%)

30-Sep-2024
Long Short Net
United States 83.8 -45.6 38.2
United Kingdom 21.2 - 21.2
Canada 9.4 -0.9 8.5
China 7.7 - 7.7
France 4.3 - 4.3
Germany 4.3 - 4.3
Netherlands 3.6 - 3.6
Japan 3.1 - 3.1
South Korea 3.0 - 3.0
Switzerland 3.4 -0.8 2.5
Denmark 1.6 - 1.6
Grand Cayman (UK Overseas Territory) 1.2 - 1.2
Australia - -0.4 -0.4
Taiwan - -1.1 -1.1

Sector mix (%)

30-Sep-2024
Long Short Net
Consumer Staples 40.7 - 40.7
Health Care 19.2 -1.8 17.3
Communication Services 6.4 -2.9 3.5
Energy 2.4 - 2.4
Utilities 2.4 -0.6 1.7
Materials 1.6 - 1.6
Industrials 5.2 -4.3 0.9
Information Technology 10.0 -11.7 -1.7
Financials 4.5 -8.5 -3.9
Consumer Disc. 11.8 -19.0 -7.2

Top ten holdings

LONG

  1. Imperial Brands
  2. Philip Morris
  3. Metro
  4. British American Tobacco
  5. Johnson & Johnson
  6. Altria Group
  7. Pfizer
  8. TMX Group
  9. Nestlé (Reg.)
Top ten long holdings aggregate 36.0%

SHORT

  1. Carvana
Top ten short holdings aggregate -4.9%
Top ten holdings aggregate 31.1%
Total number of holdings 81

LONG

  1. JD.COM INC SPON ADR
  2. Johnson & Johnson
  3. British American Tobacco
  4. TMX Group
  5. Diageo
  6. Metro
  7. Pfizer
  8. Nestlé (Reg.)
Top ten long holdings aggregate 35.4%

SHORT

  1. Carvana
  2. Coinbase Global
Top ten short holdings aggregate -9.2%
Top ten holdings aggregate 26.2%
Total number of holdings 63

LONG

  1. Nestlé (Reg.)
  2. Johnson & Johnson
  3. TMX Group
  4. Metro
  5. Diageo
  6. Philip Morris
  7. British American Tobacco
  8. Imperial Brands
Top ten long holdings aggregate 41.2%

SHORT

  1. Carvana
  2. MicroStrategy Incorporated
Top ten short holdings aggregate -9.9%
Top ten holdings aggregate 31.4%
Total number of holdings 51

LONG

  1. Johnson & Johnson
  2. Nestlé (Reg.)
  3. British American Tobacco
  4. Imperial Brands
  5. Philip Morris
  6. Diageo
  7. TMX Group
  8. Metro
  9. Altria Group
Top ten long holdings aggregate 40.2%

SHORT

  1. Carvana
Top ten short holdings aggregate -4.2%
Top ten holdings aggregate 35.9%
Total number of holdings 66
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