Key stats
About ACCELERATE ABSOLUTE RETURN FD TR UNIT
Expense ratio
2.16%
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
What's in the fund
Exposure type
Retail Trade
Energy Minerals
Cash
Stocks105.64%
Retail Trade10.85%
Energy Minerals10.83%
Non-Energy Minerals8.88%
Distribution Services7.76%
Finance7.75%
Process Industries6.02%
Consumer Services4.59%
Producer Manufacturing4.44%
Technology Services3.21%
Electronic Technology3.11%
Transportation2.92%
Consumer Non-Durables1.60%
Commercial Services1.58%
Consumer Durables1.57%
Bonds, Cash & Other−5.64%
Cash35.03%
Miscellaneous−40.67%