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Alternative Equity Focus
Click for more information on Fundata’s ESG Grade
Click for more information on Fundata’s ESG Grade.
|
NAVPS (11-19-2024) |
$11.81 |
|---|---|
| Change |
$0.05
(0.44%)
|
As at October 31, 2024
As at September 30, 2024
As at July 31, 2024
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Inception Return (January 22, 2024): 14.09%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.34% | 4.01% | 9.44% | - | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 0.85% | 5.30% | 12.95% | 18.24% | 32.06% | 15.16% | 8.05% | 15.02% | 11.33% | 11.65% | 9.36% | 9.62% | 9.96% | 8.41% |
| Category Average | 0.53% | 2.54% | 7.82% | 15.42% | 23.82% | 9.82% | 5.63% | 10.04% | 7.83% | - | - | - | - | - |
| Category Rank | 144 / 210 | 73 / 205 | 86 / 190 | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 2 | 2 | - | - | - | - | - | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 2.49% | 2.54% | -0.69% | 2.19% | 0.82% | 2.13% | 1.99% | 1.64% | 0.34% |
| Benchmark | 7.48% | 3.91% | 0.55% | 1.82% | 4.14% | -1.82% | 2.77% | -1.42% | 5.87% | 1.22% | 3.15% | 0.85% |
2.54% (March 2024)
-0.69% (April 2024)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 10.55% | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% |
| Category Average | - | - | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
-
-
| Name | Percent |
|---|---|
| Canadian Equity | 68.10 |
| Cash and Equivalents | 19.58 |
| US Equity | 7.74 |
| Income Trust Units | 3.84 |
| International Equity | 1.28 |
| Other | -0.54 |
| Name | Percent |
|---|---|
| Financial Services | 21.40 |
| Cash and Cash Equivalent | 19.58 |
| Technology | 12.39 |
| Energy | 11.42 |
| Basic Materials | 8.22 |
| Other | 26.99 |
| Name | Percent |
|---|---|
| North America | 97.48 |
| Europe | 1.55 |
| Latin America | 0.72 |
| Asia | 0.30 |
| Africa and Middle East | 0.02 |
| Other | -0.07 |
| Name | Percent |
|---|---|
| Canadian Dollar | 22.09 |
| Royal Bank of Canada | 5.68 |
| Toronto-Dominion Bank | 4.80 |
| Canadian Pacific Kansas City Ltd | 4.72 |
| Canadian Imperial Bank of Commerce | 2.89 |
| Waste Connections Inc | 2.73 |
| Element Fleet Management Corp | 2.56 |
| Shopify Inc Cl A | 2.54 |
| Suncor Energy Inc | 2.48 |
| Enbridge Inc | 2.45 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | - | - | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | - | - | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
| Start Date | January 22, 2024 |
|---|---|
| Instrument Type | Mutual Fund (Responsible Investment, Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $94 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NWT155 |
The investment objective of the Fund is to generate long-term capital appreciation primarily through a portfolio comprised of long and short equity securities. The Fund may also invest in fixed income securities, derivative instruments, securities of investment funds, and cash and cash equivalents.
The Fund will buy quality companies with reasonable valuations that have upside potential due to positive fundamental change in their business. The Fund will invest primarily in long positions. The Fund will short sell securities that are unattractive based on similar metrics or to hedge market exposure of the Fund’s long positions. The Fund uses risk control tools as part of a portfolio construction process to minimize risk.
| Name | Start Date |
|---|---|
| Jeffrey Bradacs | 01-11-2024 |
| Michael Kuan | 01-11-2024 |
| David Picton | 01-11-2024 |
| Michael Kimmel | 01-11-2024 |
| Adelaide Chiu | 01-11-2024 |
| Fund Manager | Northwest & Ethical Investments L.P. |
|---|---|
| Advisor | Northwest & Ethical Investments L.P. |
| Custodian | Desjardins Trust Inc. |
| Registrar | Northwest & Ethical Investments L.P. |
| Distributor | Credential Asset Management Inc. |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | 500 |
| MER | 2.59% |
|---|---|
| Management Fee | 2.00% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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