• NAV $11.61 20-Nov-2024
  • $0.01 / 0.10% Daily NAV change
  • MARKET PRICE 20-Nov-2024
  • $11.60   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 101.5%
    Short -20.3%
    Net 81.2%
    Cash 18.9%
    30-Sep-2024
  • Aggregate assets
    (all series)     $777.7M
    31-Oct-2024
  • Units outstanding 8,480,000
    21-Nov-2024
  • Management fee 1.15%
  • MER 1.50%
    30-Jun-2024
  • Investment program DRIP
  • Distributions Annually
  • Benchmark 50% S&P/TSX Capped Composite Index and 50% S&P 500 Index
  • Exchange Cboe CA
  • CUSIP 31624U823
  • Morningstar category Alternative Equity Focused
  • Also available through: ETF Series US$, 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 capture alternative sources of alpha
  • Expand portfolio beyond traditional mutual fund solutions

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 (%) 31-Oct-2024

Fund
Annualized standard deviation 9.90
Beta 0.67
R² 0.74

Risk classification

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

This fund has a medium volatility rating

Allocation

Asset mix (%)

30-Sep-2024
Long Short Net
Foreign Equities 73.5 -16.0 57.5
Canadian Equities 28.0 -4.4 23.7
Cash & Other 18.9 - 18.9

Country mix (%)

30-Sep-2024
Long Short Net
United States 91.4 -15.2 76.2
Canada 28.0 -4.4 23.7
Italy 0.8 - 0.8
France - -0.8 -0.8

Sector mix (%)

30-Sep-2024
Long Short Net
Consumer Disc. 27.7 -4.5 23.2
Financials 22.7 -4.1 18.6
Communication Services 13.9 -0.7 13.2
Consumer Staples 7.4 -1.4 6.0
Materials 4.6 - 4.6
Health Care 3.9 - 3.9
Information Technology 6.5 -2.6 3.9
Real Estate 4.5 -1.5 3.0
Energy 2.9 - 2.9
Industrials 7.5 -5.7 1.8

Top ten holdings

LONG

  1. Fairfax Financial Holdings, Sub Vtg
  2. Meta Platforms
  3. Dollarama
  4. Valvoline Inc.
  5. Canadian Natural Resources
  6. Blackstone
  7. T-Mobile
  8. Amazon.com
  9. Apple
  10. Alphabet, Cl. A
Top ten long holdings aggregate 32.0%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 32.0%
Total number of holdings 86

LONG

  1. Fairfax Financial Holdings, Sub Vtg
  2. Meta Platforms
  3. Valvoline Inc.
  4. Amazon.com
  5. NVR
  6. Dollar General
  7. News Corp.
  8. Canadian National Railway
  9. Canadian Natural Resources
  10. Berkshire Hathaway, Cl. B
Top ten long holdings aggregate 27.3%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 27.3%
Total number of holdings 94

LONG

  1. Microsoft
  2. News Corp.
  3. Valvoline Inc.
  4. Fairfax Financial Holdings, Sub Vtg
  5. Dollarama
  6. Canadian National Railway
  7. Alimentation Couche-Tard
  8. Alphabet, Cl. A
  9. Prologis REIT
  10. Rogers Communication, Cl. B, Non Vtg
Top ten long holdings aggregate 29.1%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 29.1%
Total number of holdings 97

LONG

  1. Microsoft
  2. Dollarama
  3. Fairfax Financial Holdings, Sub Vtg
  4. Alphabet, Cl. A
  5. Arthur J. Gallagher & Co.
  6. Canadian Natural Resources
  7. Alimentation Couche-Tard
  8. UnitedHealth Group
  9. News Corp.
  10. FTI Consulting
Top ten long holdings aggregate 30.7%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 30.7%
Total number of holdings 79
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Portfolio managers