The AlphaDelta Tactical Growth Class Fund is a growth fund seeking superior capital gains with reasonable volatility through the active management of concentrated positions.
Tactical Growth Class Fund
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
For more information visit the Qwest Investment Fund Management Ltd., website (click here) leaving the AlphaDelta website.
To view the Qwest Funds Corp. Simplified Prospectus or Annual Information Form please go to SEDAR.
Investment Strategy
The fund believes that a successful philosophy must possess two things:
- An investment model with positive mathematical expectancy
- A risk management framework that captures significant upside while minimizing losses
Investment Process
- HEAT (position weighting) is equally as important as security selection
- Sell Discipline is equally important as buy discipline
- Eliminating emotion from buying and selling positions improves the portfolio management process
Ewing Morris & Co. Investment Partners Ltd
As the Advising Representative (Portfolio Manager) at Ewing Morris & Co. Investment Partners Ltd, Barry Hirowatari is the sub-advisor to the AlphaDelta Tactical Growth Class Fund.
BARRY HIROWATARI CIM, FCSI
Advising Representative (Portfolio Manager)
Ewing Morris & Co. Investment Partners Ltd is the sub-advisor for the AlphaDelta Tactical Growth Class Fund.
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.
Amanda O’Reilly, CFA
Advising Representative (Portfolio Manager)
Amanda O’Reilly began her career in the Financial Services Sector in 2008 working in the cage at RBC Dominion Securities and quickly moved up to Branch Administrator in 2009. With an excitement for growth Amanda made the move to work for Barry in 2011 as he launched his first fund. Amanda is co-manager of the AlphaDelta Tactical Growth Fund. Amanda is a CFA® charterholder, passing all three levels consecutively, and is a member of the Vancouver CFA® Society.
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 Series | FundServ Codes | Mgmt Fee | Trailer Fee | Current Admin Fee – Fee Cap | Projected Approx. MER w/ Current Cap | Minimum Initial Investment | Minimum Additional Investment | CIFSC Strategy Category (Risk Rating) |
|---|---|---|---|---|---|---|---|---|
| Series A | QWE 321 | 2.50% | 1.00% | 0.90% | 3.40% | $1,000 | $100 | North American Equity (Medium) |
| Series F1 | QWE 322 | 1.50% | 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. (“QIFM”) is the Investment Fund Manager (“IFM”) and Portfolio Manager (“PM”) for the AlphaDelta Canadian Dividend Income Class (“ADCDIC”), the AlphaDelta Global Dividend Income Class (“ADGDIC”) and the AlphaDelta Tactical Growth Class (“ADTGC”), collectively “the AlphaDelta Funds”. QIFM, as IFM and PM, oversees the Sub-Advisors to the AlphaDelta Funds. ADCDIC and ADGDIC is sub-advised by SciVest Capital Management Inc., and ADTGC is sub-advised by Ewing Morris & Co. Investment Partners Ltd. QIFM is registered as a Portfolio Manager and Exempt Market Dealer in all Canadian jurisdictions and as an Investment Fund Manager in Alberta, British Columbia, Manitoba, Newfoundland and Labrador, Nova Scotia, Ontario, Québec and Saskatchewan, with the British Columbia Securities Commission as its primary regulator.
The information provided herein is for general information purposes only and does not constitute an offer to sell nor a solicitation to buy the securities of the AlphaDelta Funds. Documents for the AlphaDelta Funds are available on SEDAR. Please contact your advisor for more information.
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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.