• NAV $10.14 03-Apr-2025
  • $0.05 / 0.49% Daily NAV change
  • -1.36% YTD return
  • MARKET PRICE 03-Apr-2025
  • $10.14   
  • Inception 01-Feb-2024
  • Aggregate exposure
    Long 93.2%
    Short -94.1%
    Net -0.9%
    Cash 100.9%
    28-Feb-2025
  • Aggregate assets
    (all series)
    $49.5M
    31-Mar-2025
  • Units outstanding 230,000
    03-Apr-2025
  • Management fee 1.15%
  • MER 1.53%
    31-Dec-2024
  • Investment program DRIP
  • Distributions Annually
  • Benchmark FTSE Canada 91 Day T-Bill Index
  • Exchange Cboe CA
  • CUSIP 31623B701
  • Morningstar category Alternative Market Neutral
  • Also available through: Trust US$ 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-Mar-2025

YTD 2025
ETF (NAV) -2.47
ETF (Market price) -

Standard period returns (%) 31-Mar-2025

1 mo 3 mo 6 mo 1 yr Inception
ETF (NAV) -2.67 -2.47 -2.92 -1.62 0.22
ETF (Market price) - - - - -

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 (%)

28-Feb-2025
Long Short Net
Canadian Equities 45.7 -36.1 9.6
Foreign Equities 47.5 -58.1 -10.5
Cash & Other 103.9 -3.0 100.9

Country mix (%)

28-Feb-2025
Long Short Net
Canada 45.7 -35.1 10.6
Israel 1.9 - 1.9
Italy - -1.0 -1.0
Netherlands - -1.0 -1.0
United States 45.6 -58.2 -12.6

Sector mix (%)

28-Feb-2025
Long Short Net
Information Technology 15.0 -12.4 2.6
Financials 10.0 -7.7 2.2
Materials 1.7 - 1.7
Consumer Staples 9.9 -8.3 1.6
Energy 5.9 -4.6 1.3
Consumer Disc. 13.2 -12.3 0.9
Real Estate 2.2 -2.3 -0.1
Utilities 2.9 -3.5 -0.6
Health Care 6.4 -7.5 -1.1
Communication Services - -3.2 -3.2
Industrials 26.1 -32.5 -6.4

Top ten holdings

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

LONG

  1. Meta Platforms
  2. McKesson Corp.
  3. Boston Scientific
  4. Loblaw
  5. Finning International
  6. GODADDY INC CL A
  7. Waste Connections
  8. SPS Commerce
  9. Saia
  10. BEACON ROOFING SUPPLY INC
Top ten long holdings aggregate 30.3%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 30.3%
Total number of holdings 131

LONG

  1. Meta Platforms
  2. Fairfax Financial Holdings, Sub Vtg
  3. Onex
  4. Union Pacific
  5. Rogers Communication, Cl. B, Non Vtg
  6. AtkinsRéalis
  7. Loblaw
  8. Spin Master
  9. Colliers International Group
  10. ESAB Corporation
Top ten long holdings aggregate 27.7%
Top ten short holdings aggregate 0.0%
Top ten holdings aggregate 27.7%
Total number of holdings 138
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