Key stats
About ACCELERATE ABSOLUTE RETURN FUND TR UNIT (CAD)
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Inception date
May 10, 2019
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
Accelerate Financial Technologies, Inc.
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
Technology Services
Non-Energy Minerals
Consumer Services
Producer Manufacturing
Finance
Stocks167.36%
Technology Services14.11%
Non-Energy Minerals13.23%
Consumer Services12.59%
Producer Manufacturing10.28%
Finance10.22%
Consumer Non-Durables6.52%
Health Technology5.67%
Transportation4.27%
Retail Trade4.25%
Energy Minerals4.25%
Distribution Services4.14%
Utilities2.31%
Health Services2.10%
Industrial Services2.07%
Commercial Services2.03%
Electronic Technology1.96%
Bonds, Cash & Other−67.36%
Miscellaneous−67.36%
Top 10 holdings
Dividends
Dividend payout history