• NAV $9.86 11-Sep-2025
  • $0.00 / 0.04% Daily NAV change
  • -4.09% YTD return
  • MARKET PRICE 11-Sep-2025
  • $9.86   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 93.9%
    Short -92.0%
    Net 1.9%
    Cash 98.1%
    31-Jul-2025
  • Aggregate assets
    (all series)     $41.1M
    31-Aug-2025
  • Units outstanding 405,000
    12-Sep-2025
  • Management fee 1.15%
  • MER 1.53%
    31-Dec-2024
  • Investment program DRIP
  • Distributions Annually
  • Benchmark FTSE Canada 91 Day T-Bill Index
  • Exchange Cboe CA
  • CUSIP 31623B701
  • Morningstar category Alternative Market Neutral
  • Also available through: Trust US$ and Trust CDN$
  • Get ETF Facts

End investment

Annualized return

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Start NAV

$10.0000

End NAV

$10.4031
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Why invest in this fund?

  • Portfolio diversifier with respect to traditional asset classes
  • Potential for downside protection in times of market stress
  • Seeks to capture alternative sources of alpha

Calendar returns (%) 31-Aug-2025

YTD 2025
ETF (NAV) -4.63
ETF (Market price) -4.67

Standard period returns (%) 31-Aug-2025

1 mo 3 mo 6 mo 1 yr Inception†
ETF (NAV) -2.00 -3.84 -4.82 -5.23 -1.24
ETF (Market price) -2.00 -3.73 -4.85 -5.22 -1.91

Risk classification

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

This fund has a low to medium volatility rating

Allocation

Asset mix (%)

31-Jul-2025
Long Short Net
Canadian Equities 38.3 -24.8 13.5
Foreign Equities 55.6 -67.2 -11.6
Cash & Other 100.6 -2.5 98.1

Country mix (%)

31-Jul-2025
Long Short Net
Canada 38.3 -24.8 13.5
Italy - -0.9 -0.9
United States 55.6 -68.7 -13.1

Sector mix (%)

31-Jul-2025
Long Short Net
Information Technology 27.2 -15.3 12.0
Industrials 30.1 -27.2 2.9
Materials 1.5 - 1.5
Financials 7.8 -6.8 1.0
Consumer Staples 8.9 -8.0 0.9
Utilities 3.0 -2.9 0.1
Communication Services 2.9 -3.0 -0.1
Health Care 3.1 -3.9 -0.9
Energy - -1.5 -1.5
Real Estate - -2.0 -2.0
Consumer Disc. 9.5 -12.7 -3.3

Top ten holdings

LONG

  1. Aritzia
  2. Fairfax Financial Holdings, Sub Vtg
  3. SERVICETITAN INC-A
  4. Nvidia
  5. Empire Company
  6. CAE INC
  7. Cisco Systems
  8. SHOPIFY INC CL A (US)
Top ten long holdings aggregate 27.6%

SHORT

  1. Vanguard Russell 2000 Index Fund ETF
  2. iShares Russell 2000 ETF
Top ten short holdings aggregate -9.3%
Top ten holdings aggregate 18.3%
Total number of holdings 140

LONG

  1. Fairfax Financial Holdings, Sub Vtg
  2. Fiserv
  3. Boston Scientific
  4. RB Global
  5. Walmart
  6. Aritzia
  7. Westinghouse Air Brake Technologies
  8. Empire Company
Top ten long holdings aggregate 28.4%

SHORT

  1. iShares Russell 2000 ETF
  2. Vanguard Russell 2000 Index Fund ETF
Top ten short holdings aggregate -8.9%
Top ten holdings aggregate 19.5%
Total number of holdings 143

LONG

  1. Fairfax Financial Holdings, Sub Vtg
  2. Aritzia
  3. Boston Scientific
  4. Fiserv
  5. CGI
  6. Loblaw
  7. Walmart
  8. RB Global
  9. Texas Instruments
Top ten long holdings aggregate 28.9%

SHORT

  1. Canadian National Railway
Top ten short holdings aggregate -2.9%
Top ten holdings aggregate 25.9%
Total number of holdings 134

LONG

  1. FLOOR & DECOR HOLDING INC CL A
  2. FTAI Aviation
  3. Aritzia
  4. PULTEGROUP INC
  5. Saia
  6. Fairfax Financial Holdings, Sub Vtg
  7. Fiserv
  8. Empire Company
  9. Colliers International Group
  10. Loblaw
Top ten long holdings aggregate 28.4%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 28.4%
Total number of holdings 136
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Portfolio managers