AlphaDelta Funds > Tactical Growth Class Fund

Tactical Growth Class Fund

The AlphaDelta Tactical Growth Class Fund is a growth fund seeking superior capital gains with reasonable volatility through the active management of concentrated positions.

Recipient of the Globefund “Five star” rating, the Fundata “A” rating, and was the number one performer on Morningstar in the North American Equity category.

Investment Objectives

The Fund is suitable for investors:

  • Seeking long-term capital growth
  • Not concerned with short term price fluctuations
  • Willing to accept medium risk
SeriesClosing price*$ daily change% daily change
A$12.42$0.110.85%
F$12.83$0.110.86%

* As of April 23, 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-150.1%-5.1%7.6%9.9%-1.3%14.6%8.7%11.3%97.9%
A28-Feb-150.1%-5.6%6.4%8.7%-1.5%13.4%7.6%11.3%97.9%

*As of Mar. 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

Investment Strategy

The fund believes that a successful philosophy must possess two things:

  1. An investment model with positive mathematical expectancy
  2. A risk management framework that captures significant upside while minimizing losses

Investment Process

  1. HEAT (position weighting) is equally as important as security selection
  2. Sell Discipline is equally important as buy discipline
  3. Eliminating emotion from buying and selling positions improves the portfolio management process

Portfolio Manager

BARRY HIROWATARI CIM, FCSI

AVENTINE MANAGEMENT GROUP

An independent, partner-owned investment firm with a focus on capital preservation and long term growth managing two equity-oriented investment funds. The investment approach we employ is active, concentrated and very mindful of downside risk. Our objective is to deliver consistently positive returns with relatively low volatility.

Focus on market leading sectors

The security selection process requires that new positions taken in the Fund come from top performing sectors of the market.

Strict sell discipline

The sell discipline is hard-wired, emotionless and based on a combination of technical factors. We tend to average up our positions and not average down.

Reduced downside exposure

Option overlays are used to reduce crash risk.

Associate Portfolio manager

Amanda O’Reilly

Amanda O’Reilly began her career in the Financial Services Sector in 2008 working in the cage at  RBC Dominion Securities and quickly moving up to Branch Administrator in 2009.  With an excitement for growth O’Reilly made the move to work for Barry in 2011 as he launched his first fund. O’Reilly has since completed her CSC (Canadian Securities Course), CPH (Conduct and Practices Handbook) and is a Level 3 Candidate in the CFA program (Chartered Financial Analyst).  O’Reilly co-manages the AlphaDelta Tactical Growth Fund (QWE322) with Barry Hirowatari, and has a passion for the stock markets.

What Does The Fund Invest In?

The objective of the Fund is to provide long-term capital appreciation by investing primarily in equity (and equity equivalent) securities of individual companies, as well as exchange trade funds (“ETFs”), listed on securities exchanges in North America. In addition the Fund may, on occasion, partially or completely exit individual equities, and the stock market in general, in favour of cash and/or short-term money market securities. When fully invested in individual company equities, the portfolio advisor expects to generally hold securities of between 15 and 30 issuers. The tactical and technical nature of some of the strategies implemented by the portfolio advisor may result in the Fund undergoing relatively quick shifts in industry and sector allocations, as well as overall asset allocation into and out of equities.

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 3212.50%1.00%0.90%3.40%$1,000$100North American Equity (Medium)
Series F1QWE 3221.50%0.90%2.40%$1,000$100

1 The Series F funds are intended for Dealer Fee Based Account Investors only.

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.