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Desjardins Alt Long/Short Equity Market Neutral ETF Fund A

Alternative Market Neutrl

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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NAVPS
(04-17-2024)
$10.30
Change
$0.00 (0.04%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Desjardins Alt Long/Short Equity Market Neutral ETF Fund A

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Fund Returns

Inception Return (July 13, 2020): 0.81%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.82% 2.05% 2.78% 2.05% 3.93% 1.69% 0.29% - - - - - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 1.10% 4.60% 4.60% 3.73% 7.21% 3.35% 0.05% 1.49% - - - - - -
Category Rank 11 / 24 21 / 23 18 / 23 21 / 23 21 / 23 23 / 23 19 / 19 - - - - - - -
Quartile Ranking 2 4 4 4 4 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -0.23% -0.06% -0.10% 0.33% 0.50% 0.69% 0.04% 0.18% 0.49% 0.72% 0.50% 0.82%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

1.04% (December 2020)

Worst Monthly Return Since Inception

-0.65% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - -0.96% -0.91% 1.83%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - -3.57% -6.24% -1.79% 4.02%
Quartile Ranking - - - - - - - 3 3 4
Category Rank - - - - - - - 14/ 19 16/ 23 22/ 23

Best Calendar Return (Last 10 years)

1.83% (2023)

Worst Calendar Return (Last 10 years)

-0.96% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 98.56
US Equity 1.72
International Equity 1.07
Canadian Equity 0.45
Income Trust Units -0.12
Other -1.68

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 98.56
Basic Materials 2.28
Real Estate 1.87
Consumer Services 1.65
Industrial Goods 0.91
Other -5.27

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.02
Europe 1.07
Asia -0.02
Latin America -0.09
Other 0.02

Top Holdings

Top Holdings
Name Percent
Desjardins Alt Long/Short Equity Mkt Ne ETF (DANC) 98.87
Cash and Cash Equivalents 1.13

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Desjardins Alt Long/Short Equity Market Neutral ETF Fund A

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 1.37% - -
Beta -0.01% - -
Alpha 0.00% - -
Rsquared 0.00% - -
Sharpe -1.69% - -
Sortino -1.88% - -
Treynor 3.51% - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.22% 1.37% - -
Beta 0.00% -0.01% - -
Alpha 0.04% 0.00% - -
Rsquared 0.00% 0.00% - -
Sharpe -0.72% -1.69% - -
Sortino 1.22% -1.88% - -
Treynor -2.53% 3.51% - -
Tax Efficiency 100.00% - - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date July 13, 2020
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $24

Fund Codes

FundServ Code Load Code Sales Status
DJT00178

Investment Objectives

The objective of this Fund is to replicate the return of the Desjardins Alt Long/Short Equity Market Neutral ETF (the “Desjardins Alternative ETF”) by investing its assets primarily, directly or indirectly, in the units of the Desjardins Alternative ETF. The Desjardins Alternative ETF seeks to achieve positive returns in both positive or negative equity market conditions.

Investment Strategy

In order to achieve its investment objectives, the Fund intends to invest its assets, directly or indirectly, in units of the Desjardins Alternative ETF. The investment strategies described below are those of the Desjardins Alternative ETF. The Desjardins Alternative ETF’s investments strategy has been designed to limit the volatility of returns and to provide a low correlation to traditional asset classes.

Portfolio Manager(s)

Name Start Date
Desjardins Global Asset Management Inc. 12-08-2020

Management and Organization

Fund Manager Desjardins Investments Inc.
Advisor Desjardins Global Asset Management Inc.
Custodian Desjardins Trust Inc.
Registrar Desjardins Investments Inc.
Distributor Desjardins Investments Inc.
Auditor PricewaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 100
SWP Min Withdrawal 1,000

Fees

MER 2.32%
Management Fee 1.90%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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