JFT Strategies Fund

Series A CAD
 

Fund overview

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.

Fund details

description of elementelement value
Inception date May 2012
Total net assets ($CAD)
As at 2024-11-20
 $85.4 million
NAVPS
As at 2024-11-20 		$24.8899
MER (%)
As at 2024-06-30 		2.75
MER (%)
(Excluding performance fee)
As at 2024-06-30 		2.39
Management fee (%) 2.00
Units outstanding
As at 2024-11-20 		3,434,077
Asset class Alternative Other
Currency CAD
Minimum investment Negotiable
CUSIP 466135100

Risk rating1

FUND CODES
A JFS.UN
F JFS.F

Performance2 As at 2024-10-31

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
0.52% -0.29% -2.28% -3.13% 2.04% 6.05% 11.13% 7.40% 8.24%
*Since inception date

Management team

First we'll display the Team Company and then the Team members
Timelo Investment Management Inc.
Jean-François Tardif

Note: This page is not complete without disclaimers on the next page.

JFT Strategies Fund

Series A CAD
 
Portfolio allocations3 As at 2024-10-31
Asset allocation (%)
  • Cash and Equivalents 59.43
  • Canadian Equity 25.62
  • Foreign Government Bonds 16.85
  • Income Trust Units 7.80
  • Foreign Corporate Bonds 3.84
  • International Equity 0.73
  • Canadian Corporate Bonds 0.48
  • Other -0.01
  • Canadian Government Bonds -4.50
  • US Equity -10.24
Sector allocation (%)
  • Cash and Cash Equivalent 59.43
  • Fixed Income 16.57
  • Consumer Goods 11.80
  • Basic Materials 8.02
  • Energy 4.69
  • Utilities 1.87
  • Healthcare 0.96
  • Real Estate 0.77
  • Industrial Services 0.34
  • Other -4.45
Geographic allocation(%)
  • Canada 73.43
  • United States 23.86
  • Other 2.87
  • Bermuda -0.04
  • Netherlands -0.12
  • Germany -0.12
Top holdings
Sector (%)
1. AG Growth International Inc Food, Beverage and Tobacco 11.42%
2. Canada Government 2.25% 01-Jun-2025 Cash and Cash Equivalent 5.26%
3. iShares 1-3 Year Treasury Bond ETF (SHY) Fixed Income 4.91%
4. Total Energy Services Inc Energy Services and Equipment 4.88%
5. Chemtrade Logistics Income Fund - Units Chemicals and Gases 4.81%
6. United States Treasury 0.75% 30-Apr-2026 Fixed Income 4.70%
7. Source Energy Servcs Canada LP 10.50% 15-Mar-2025 Cash and Cash Equivalent 3.19%
8. United States Treasury 1.13% 31-Oct-2026 Fixed Income 2.91%
9. Alaris Equity Partners Income Trust - Units Asset Management 2.77%
10. United States Treasury 1.88% 31-Jul-2026 Fixed Income 2.23%
11. Data Communications Management Corp Media 2.20%
12. United States Treasury 1.75% 31-Dec-2026 Fixed Income 2.20%
13. Diversified Royalty Corp Asset Management 2.07%
14. Canadian Pacific Railway Co 2.90% 29-Nov-2024 Cash and Cash Equivalent 1.43%
15. Calian Group Ltd Professional Services 1.30%

Note: This page is not complete without disclaimers on the next page.

Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.

1 The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns. Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating. Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.

2 Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

3 Portfolio allocations will fluctuate over the life of the mutual fund as the portfolio holdings and market value of each security changes. The portfolio manager(s) may change the portfolio allocations in some or all of the sectors.

The contents are not to be used or construed as investment advice or as an endorsement or recommendation of any entity of security discussed.

Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI has taken reasonable steps to ensure their accuracy.

The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.

The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.

Management Expense Ratio (“MER”) represents the trailing 12-month management expense ratio, which reflects the cost of running the fund, inclusive of applicable taxes including HST, GST and QST (excluding commissions and other portfolio transaction costs) as a percentage of daily average net asset value the period, including the fund’s proportionate share of any underlying fund(s) expenses, if applicable. The MER is reported in each fund’s Management Report of Fund Performance (“MRFP”). MRFPs can be found within the Documents tab on ci.com.

CI Global Asset Management is a registered business name of CI Investments Inc.

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Published November 2024