AlphaDelta Funds > Canadian Momentum Equity Class Fund

Canadian Momentum Equity Class Fund

The AlphaDelta Canadian Focused Equity Class Fund is an actively managed fund investing 50% to 90% of its portfolio in Canadian equities.

Investment Objectives

    • The fundamental investment objective of the Fund is to provide long-term capital appreciation by investing primarily in equity securities of Canadian and foreign companies. The Fund will invest its portfolio such that it generally falls within the Canadian Focused Equity investment strategy category. As such, the Fund generally invests at least 50%, and less than 90%, of its equity portfolio in securities domiciled in Canada. The Fund will invest no more than 49% of its equity portfolio in foreign securities, with the majority of these foreign securities expected to be domiciled in the United States. The Fund’s portfolio advisor will implement a disciplined, quantitatively driven, risk-managed, price momentum (or relative strength) investment strategy.
SeriesClosing price*$ daily change% daily change
A$11.44$0.020.15%
F$11.94$0.020.16%
G$13.25$0.020.16%

* As of February 27, 2019.  Note: Calculated and posted by Qwest Investment Fund Management Ltd.

SeriesInception date12-Mth Dist’n Yield**6 Month1 Year2 Year2019 Ytd2018 YearSince InceptionStandard DeviationActive Share***
F28-Feb-150.7%2.9%-3.5%7.5%14.1%-8.0%5.9%11.4%87.2%
A28-Feb-150.7%2.8%-4.1%6.5%13.7%-9.0%4.8%11.4%87.2%

*As of August 31, 2019

The returns shown above are annualized compound returns, calculated on a money weighted basis, net of all fund-level fees and expenses.  The returns assume a reinvestment of all fund distributions and do not take into account sales, redemption, distribution or optional charges or income taxes.  These historic returns are provided for general information purposes only and may not be indicative of the future returns.

SeriesIncomeCapital gainsTotal
A$0.0000$0.0000$0.0000
F$0.0000$0.0000$0.0000
I$0.0000$0.0000$0.0000

Investment Strategy

The Fund invests primarily in equity securities (including securities of unit trusts, real estate investment trusts and depository receipts) of Canadian and foreign companies. The Fund will invest its portfolio such that it generally falls within the Canadian Focused Equity investment strategy category. As such, the Fund generally invests at least 50%, and less than 90%, of its equity portfolio in securities domiciled in Canada. The Fund will invest no more than 49% of its equity portfolio in foreign securities, with the majority of these foreign securities expected to be domiciled in the United States. In addition, the weighted average market capitalization of the Fund’s equity portfolio is generally considered mid to large capitalization (i.e., weighted average market capitalization greater than $5 billion), although the Fund may hold some smaller capitalization equities.
The Fund’s portfolio advisor will implement a disciplined, price momentum (or relative strength) investment strategy. As such, the Fund will invest in Canadian equities that have been performing well over the medium-term relative to other Canadian equities. Similarly, for its foreign holdings, the Fund will invest in foreign equities that have been performing well over the medium-term relative to other foreign equities within the same foreign market.

Investor Suitability

This Fund is suitable for investors:

  •  Seeking long-term capital growth.
  • not concerned with short term price fluctuations.
  • planning to hold their investments for the long term and,
  • willing to accept medium risk.

 

The Manager determined the appropriate level of investor risk tolerance that would be appropriate for investment in this Fund by following the Investment Risk Classification Methodology set out in National Instrument 81-102 Investment Funds for the fund type of the Fund.

Portfolio Manager

 

DR. JOHN J. SCHMITZ PH.D., CFA

SCIVEST CAPITAL

Dr. John Schmitz has been professionally managing global equity and equity derivative investment portfolios for almost 20 years, and prior to that he acted as a consultant to investment firms and funds.Dr. Schmitz’s expertise is the portfolio management of global equities and global equity derivatives using both highly sophisticated quantitative models as well as traditional fundamental methods. Currently, Dr. Schmitz’s professional focus is on his firm’s global common equity, growth of dividends, investment strategy which is often implemented with an options writing income generating overlay.Dr. Schmitz holds a BESc (Mechanical Engineering), a BA (Economics) and a DHS (Honors Economics) from the University of Western Ontario, a MA (Economics) from the University of Toronto, and a PhD (Finance) from the Richard Ivey School of Business at the University of Western Ontario. He also holds the Chartered Financial Analyst (CFA) designation.

What Does The Fund Invest In?

The Fund will invest its portfolio such that it generally falls within the Canadian Focused Equity investment strategy category. As such, the Fund generally invests at least 50%, and less than 90%, of its equity portfolio in securities domiciled in Canada. The Fund will invest no more than 49% of its assets (based on cost) in foreign securities, with the majority of these foreign securities expected to be domiciled in the United States. In addition, the weighted average market capitalization of the Fund’s equity portfolio is generally considered mid to large capitalization (i.e., weighted average market capitalization greater than $5 billion).

Fund Characteristics

Fund SeriesFundServ CodesMgmt FeeTrailer FeeCurrent Admin Fee – Fee CapProjected Approx. MER w/ Current CapMinimum Initial InvestmentMinimum Additional InvestmentCIFSC Strategy Category (Risk Rating)
Series AQWE 4211.70%1.00%0.60%2.60%$1,000$100Canadian Focused Equity (Medium)
Series F1QWE 4220.70%0.60%1.60%$1,000$100
Series G2QWE 4240.35%0.60%1.20%$25,000$100
Series HQWE 4251.35%1.00%0.60%2.20%$25,000$100

1 The Series F funds are intended for Dealer Fee Based Account Investors only.
2 The Series G funds are intended for Portfolio Managers. Contact AlphaDelta for details.

DISCLOSURES

The information provided herein is for general information purposes only and is not intended to be a solicitation for the purchase of fund units.

 

Important information regarding the fund is set out the simplified prospectus and in other documents made publicly available, which should be reviewed prior to investment.  The returns shown above are annualized compound returns, calculated on a money weighted basis, net of all fund-level fees and expenses.  The returns assume a reinvestment of all fund distributions and do not take into account sales, redemption, distribution or optional charges or income taxes.  These historic returns are provided for general information purposes only and may not be indicative of the future returns.”

 

Qwest Investment Fund Management Ltd. Is the Investment Fund Manager of the fund. Qwest Investment Fund Management Ltd is a Portfolio Manager, Investment Fund Manager and Exempt Market Dealer registered in the provinces of Alberta, British Columbia, Nova Scotia, Quebec, Saskatchewan and Ontario.  The firm is also registered solely as an IFM in the provinces of Newfoundland.

Manager commentaries provided above have been obtained from third party managers and do not necessarily reflect views of AlphaDelta.  AlphaDelta has not taken any steps to verify the accuracy or completeness of the information presented herein.