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Accelerate Absolute Return Fund (HDGE)
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As of March 31, 2024
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(Alternative Equity Focused)
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Underlying Index
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Inception Return
(5/3/2019)
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7.61 %
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Day High/Low
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$26.29 / $26.29
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YTD Return
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16.68 %
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52Week High/Low
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$26.79 / $20.85
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NAVPS
(4/10/2024)
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$26.05
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Change
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$0.20 / 0.77 %
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Open / Close
(4/26/2024)
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$26.29
/
$26.27
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Management Fee
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0.00 %
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Traded Volume
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150
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Assets ($mil)
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$24.14
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Rank (1Yr)
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58/151
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Std Dev (3Yr)
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-
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Beta (3Yr)
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-
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Volatility Ranking (3Yr)
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8/10
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RRSP Eligibility
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Yes
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Open to Invest
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Open
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Annual Dividend
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$0.30
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Annual Yield
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1.14 %
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Objective
Accelerate Absolute Return Hedge Fund seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the broader Canadian equity market. HDGE seeks to outperform the Canadian equity market over the long term with lower volatility by investing primarily in listed equity securities that are expected to outperform this market, while selling short certain listed equity securities that are expected to underperform this market.
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Fund Manager
Accelerate Financial Technologies Inc.
Portfolio Manager
Julian Klymochko, Accelerate Financial Technologies Inc.
Sub-Advisor
Data not available
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Asset Allocation
(As of March 31, 2024)
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Sector Allocation
(As of March 31, 2024)
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Geographic Allocation
(As of March 31, 2024)
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Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Williams-Sonoma Inc | US Equity | Consumer Services | United States | 4.82% |
| Builders FirstSource Inc | US Equity | Real Estate | United States | 4.24% |
| Encore Wire Corp | US Equity | Industrial Goods | United States | 4.20% |
| Atkore Inc | US Equity | Industrial Goods | United States | 4.03% |
| Marathon Petroleum Corp | US Equity | Energy | United States | 4.00% |
| Applovin Corp Cl A | US Equity | Technology | United States | 3.89% |
| Murphy USA Inc | US Equity | Energy | United States | 3.88% |
| Constellation Energy Corp | US Equity | Technology | United States | 3.87% |
| Toll Brothers Inc | US Equity | Real Estate | United States | 3.84% |
| Victory Capital Holdings Inc Cl A | US Equity | Financial Services | United States | 3.81% |
Performance Data
(As of March 31, 2024)
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Return (%)
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Annualized Return (%)
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Return
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1
Mth
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3
Mth
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6
Mth
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YTD
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1
Yr
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3
Yr
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5
Yr
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10
Yr
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|
Fund
|
2.14
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16.68
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13.05
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16.68
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20.21
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20.67
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-
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-
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Benchmark
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4.14
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6.62
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15.26
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6.62
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13.96
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9.11
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9.96
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7.67
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Quartile Ranking
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2
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1
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2
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1
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2
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1
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-
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-
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Calendar Return (%)
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2023
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2022
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2021
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2020
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2019
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2018
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2017
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2016
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2015
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2014
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Fund
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4.13
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15.44
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29.66
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-11.62
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-
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-
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-
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-
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-
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-
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Benchmark
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11.75
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-5.84
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25.09
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5.60
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22.88
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-8.89
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9.10
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21.08
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-8.32
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10.55
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Quartile Ranking
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3
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1
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1
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4
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-
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-
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-
|
-
|
-
|
-
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