Key stats
About ACCELERATE ABSOLUTE RETURN FUND TR UNIT (CAD)
Expense ratio
3.53%
Home page
Inception date
May 10, 2019
The fund seeks long-term capital appreciation and outperform the Canadian equity market through a strategy that offers long and short exposure to the Canadian and US equities. The strategy involves long position to equities that are expected to outperform the market, while selling short those that are expected to underperform. HDGE uses the cash generated from its short positions for an additional long position. As a result, long portfolio may have up to 110% exposure and short portfolio up to 50% exposure, resulting in a net long equity exposure of 60%. Securities of the long and short portfolio are selected by applying a proprietary multifactor model to the Canadian and US equity market. Equities generated by this model that are in the top 10% are selected for the long portfolio, and the bottom 10% for the short portfolio, based on factors including value, quality, price momentum, operational momentum and trend.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Retail Trade
Technology Services
Producer Manufacturing
Finance
Stocks165.43%
Retail Trade14.45%
Technology Services13.05%
Producer Manufacturing12.93%
Finance10.90%
Health Services8.59%
Non-Energy Minerals6.72%
Process Industries6.62%
Energy Minerals6.12%
Commercial Services4.29%
Industrial Services4.08%
Electronic Technology2.20%
Utilities2.16%
Communications2.04%
Consumer Non-Durables2.02%
Consumer Services2.01%
Transportation1.83%
Bonds, Cash & Other−65.43%
Miscellaneous−65.43%
Top 10 holdings
Dividends
Dividend payout history