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Veritas Absolute Return Fund Series F

Alternative Equity Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(07-21-2025)
$14.17
Change
-$0.01 (-0.06%)

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$10,000$12,000$14,000$16,000$8,000$9,000$9,500$10,500$11,000$11,500Period

Legend

Veritas Absolute Return Fund Series F

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Fund Returns

Inception Return (October 01, 2019): 7.31%

Fund Returns
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 1.19% 2.37% 4.49% 4.49% 13.22% 12.13% 5.32% 5.76% 8.57% - - - - -
Benchmark 2.91% 8.53% 10.17% 10.17% 26.37% 19.03% 16.09% 10.74% 15.02% 11.96% 10.77% 10.72% 10.76% 9.61%
Category Average 3.60% 6.84% 5.72% 5.72% 12.00% 13.59% 10.27% 6.62% 9.88% 7.64% - - - -
Category Rank 182 / 246 141 / 233 94 / 224 94 / 224 88 / 198 72 / 151 110 / 136 64 / 109 43 / 67 - - - - -
Quartile Ranking 3 3 2 2 2 2 4 3 3 - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.40% 0.79% 1.99% 0.74% 3.81% -2.53% 2.02% 0.92% -0.86% -1.07% 2.26% 1.19%
Benchmark 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10% 5.56% 2.91%

Best Monthly Return Since Inception

7.08% (November 2020)

Worst Monthly Return Since Inception

-5.33% (April 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - 3.27% 22.76% -5.23% -0.56% 16.34%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average - - - - - 5.11% 17.27% -5.96% 6.54% 16.58%
Quartile Ranking - - - - - 3 2 2 4 3
Category Rank - - - - - 32/ 55 37/ 101 56/ 125 119/ 143 87/ 167

Best Calendar Return (Last 10 years)

22.76% (2021)

Worst Calendar Return (Last 10 years)

-5.23% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return51015202530354045-40%-20%0%20%40%60%

Veritas Absolute Return Fund Series F

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 7.46% 8.32% -
Beta 0.39% 0.42% -
Alpha -0.01% 0.02% -
Rsquared 0.44% 0.41% -
Sharpe 0.20% 0.73% -
Sortino 0.50% 1.24% -
Treynor 0.04% 0.15% -
Tax Efficiency 96.92% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.40% 7.46% 8.32% -
Beta 0.57% 0.39% 0.42% -
Alpha -0.01% -0.01% 0.02% -
Rsquared 0.90% 0.44% 0.41% -
Sharpe 1.45% 0.20% 0.73% -
Sortino 2.95% 0.50% 1.24% -
Treynor 0.16% 0.04% 0.15% -
Tax Efficiency 96.20% 96.92% - -

Fund Details

Start Date October 01, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Fee Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $61

Fund Codes

FundServ Code Load Code Sales Status
VAM301

Investment Objectives

The investment objective of the Fund is to achieve attractive risk adjusted rates of return that deliver long-term capital appreciation to Unitholders.

Investment Strategy

In order to achieve its investment objective, the Fund will invest primarily in the securities of publicly traded Canadian companies that the Manager identifies as mispriced. Long and short positions will be determined based (in part) on recommendations provided by Veritas Investment Research Corporation (an affiliate of the Manager). The Manager may also invest in securities that are not formally covered by Veritas Investment Research Corporation.

Portfolio Management

Portfolio Manager

Veritas Asset Management Inc.

  • Antonio Scilipoti
  • Sam LaBell
Sub-Advisor

-

Management and Organization

Fund Manager

Veritas Asset Management Inc.

Custodian

RBC Investor & Treasury Services

Registrar

SGGG Fund Services Inc.

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.51%
Management Fee 1.50%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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