Key stats
About ACCELERATE ABSOLUTE RETURN FUND TR UNIT (CAD)
Home page
Inception date
May 10, 2019
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
Accelerate Financial Technologies, Inc.
The fund seeks long-term capital appreciation and outperform the Canadian equity market through a strategy that offers long and short exposure to the Canadian and US equities. The strategy involves long position to equities that are expected to outperform the market, while selling short those that are expected to underperform. HDGE uses the cash generated from its short positions for an additional long position. As a result, long portfolio may have up to 110% exposure and short portfolio up to 50% exposure, resulting in a net long equity exposure of 60%. Securities of the long and short portfolio are selected by applying a proprietary multifactor model to the Canadian and US equity market. Equities generated by this model that are in the top 10% are selected for the long portfolio, and the bottom 10% for the short portfolio, based on factors including value, quality, price momentum, operational momentum and trend.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Non-Energy Minerals
Consumer Services
Stocks173.50%
Technology Services16.24%
Finance12.53%
Non-Energy Minerals11.29%
Consumer Services10.30%
Consumer Non-Durables8.22%
Retail Trade6.49%
Distribution Services6.24%
Producer Manufacturing5.97%
Energy Minerals5.93%
Health Technology4.02%
Commercial Services3.90%
Utilities2.38%
Electronic Technology2.30%
Health Services2.26%
Transportation1.92%
Bonds, Cash & Other−73.50%
Miscellaneous−73.50%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HDGE trades at 26.46 CAD today, its price has risen 1.07% in the past 24 hours. Track more dynamics on HDGE price chart.
HDGE net asset value is 26.56 today — it's risen 2.59% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HDGE assets under management is 42.53 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HDGE price has risen by 2.40% over the last month, and its yearly performance shows a 0.80% increase. See more dynamics on HDGE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.59% over the last month, showed a −3.10% decrease in three-month performance and has increased by 3.26% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.59% over the last month, showed a −3.10% decrease in three-month performance and has increased by 3.26% in a year.
HDGE fund flows account for 17.81 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HDGE invests in stocks. See more details in our Analysis section.
HDGE expense ratio is 3.53%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HDGE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HDGE technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HDGE shows the buy signal. See more of HDGE technicals for a more comprehensive analysis.
Today, HDGE technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HDGE shows the buy signal. See more of HDGE technicals for a more comprehensive analysis.
Yes, HDGE pays dividends to its holders with the dividend yield of 1.52%.
HDGE trades at a premium (0.04%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HDGE shares are issued by Accelerate Financial Technologies, Inc.
HDGE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 10, 2019.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.