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.

 1m3m6mYTD1y2y3y4y5ySI
JFS.UN 0.81%2.00%0.18%0.74%1.10%1.30%2.08%4.08%5.45%7.04%
Benchmark1.39%-5.82%-3.92%-3.68%-2.53%3.36%7.24%3.81%5.63%7.85%
As at: 30 Nov 2018 - Benchmark: S&P/TSX Composite Index (Total Return)
 1m3m6mYTD1y2y3y4y5ySI
Class F 0.66%1.86%0.42%1.44%1.67%1.88%2.57%4.51%5.87%7.34%
Benchmark1.39%-5.82%-3.92%-3.68%-2.53%3.36%7.24%3.81%5.63%7.85%
As at: 30 Nov 2018 - Benchmark: S&P/TSX Composite Index (Total Return)

 

Fund Breakdown

As at 31 October 2018

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
Government of Canada 1.75% 01/05/202011.10%
Government of Canada 1.25% 01/11/20196.20%
Cannabis Strategies Acquisition Corp.5.10%
Government of Canada 0.75% 01/03/20214.10%
Government of Canada 1.25% 01/02/20204.10%
Total30.6%
SHORT 
iShares J.P. Morgan USD Emerging-2.90%
iShares S&P/TSX 60 Index ETF-2.10%
SPDR Bloomberg Barclays High Yield-2.10%
iShares iBoxx $ High Yield Corporate-1.80%
Organigram Holdings Inc-1.00%
Total-9.9%

As at 31 October 2018
* Holdings are subject to change

Distributions

Distribution details (.csv)
JFS.UNTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.63100$0.20500$1.42600$0.04129--$1.58971---
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$2.02550$0.25000$1.77550$0.03885--$1.98665---
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$0.25000$0.25000-$0.00971--$0.24029---
31-Dec$0.75000-$0.75000$0.02914--$0.72086---

(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