JFT Strategies Fund

Investment Objective

The Fund's investment objective is to maximize return on investment to holders of Units (the "Holders") while seeking to mitigate market risk and volatility by investing in an actively managed portfolio (the "Portfolio") of long and short positions in any one or a combination of equities, debt securities or other securities.

The Portfolio will consist of long/short positions in any one or a combination of equities, debt securities or other securities that seek to generate positive returns by selecting what Timelo Investment Management Inc. (the "Portfolio Manager") believes to be superior quality investments for long positions and inferior quality investments for short positions. The Portfolio's net exposure (long versus short) will vary depending upon the Portfolio Manager's view of macro economic and other factors.

The Portfolio Manager may also make selective use of derivatives and other securities in order to increase returns and/or to mitigate the downside risk of one or more of the Portfolio's investments.

Performance

 1m3m6mYTD1y2y3y4y5ySI
JFS.UN 2.66%6.02%22.15%11.32%12.93%8.38%5.83%4.38%4.14%7.27%
Benchmark-2.06%4.73%22.51%-3.09%-0.03%3.46%4.26%5.47%7.16%7.60%
As at: 30 Sep 2020 - Benchmark: S&P/TSX Composite Index (Total Return)
 1m3m6mYTD1y2y3y4y5ySI
Class F 2.72%6.21%22.25%11.67%13.40%8.67%6.32%4.89%4.62%7.60%
Benchmark-2.06%4.73%22.51%-3.09%-0.03%3.46%4.26%5.47%7.16%7.60%
As at: 30 Sep 2020 - Benchmark: S&P/TSX Composite Index (Total Return)

 

Historical NAVs

Fund Breakdown

As at 30 September 2020

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.


The S&P/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.

Top holdings

LONG% Weighting
Mercer Park Brand Acquisition11.40%
Subversive Cap Acquistion Corp10.90%
Subversive REIT Acquisition8.00%
Bespoke Cap Acquisition Corp7.60%
Nautilus Inc.6.10%
Total44%
SHORT 
Government of Canada 2% 01/12/2051-8.30%
Government of Canada 1.25% 01/06/2030-5.70%
iShares S&P/TSX 60 Index ETF-4.90%
U S Treasury Note 0.25% 31/07/2025-3.60%
Vanguard Total World Stock Index ETF-1.00%
Total-23.5%

As at 30 September 2020
* Holdings are subject to change

Distributions

Distribution details (.csv)
JFS.UNTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.10100$0.20500$1.89600$0.04129--$2.05971---
2019 +$0.47000-$0.47000---$0.47000---
31-Dec$0.47000-$0.47000---$0.47000---
2015 +$0.81100-$0.81100---$0.81100---
31-Dec$0.81100-$0.81100---$0.81100---
2014 +$0.82000$0.20500$0.61500$0.04129--$0.77871---
31-Dec$0.20500$0.20500-$0.01032--$0.19468---
31-Dec$0.61500-$0.61500$0.03097--$0.58403---
Distribution details (.csv)
Class FTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.53550$0.25000$2.28550$0.03885--$2.49665---
2019 +$0.51000-$0.51000---$0.51000---
31-Dec$0.51000-$0.51000---$0.51000---
2015 +$1.02550-$1.02550---$1.02550---
31-Dec$1.02550-$1.02550---$1.02550---
2014 +$1.00000$0.25000$0.75000$0.03885--$0.96115---
31-Dec$0.75000-$0.75000$0.02914--$0.72086---
31-Dec$0.25000$0.25000-$0.00971--$0.24029---

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.

News

23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
13 Feb 2014 JFT Strategies Fund Announces Offering Marketwired
16 Jan 2013 Stock to Watch: DirectCash poised to make money GlobeInvestor | Shirley Won

Documents

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - Proxy Voting Record

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of JFT Strategies Fund please click here