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Alternative Equity Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (11-28-2025) |
$52.15 |
|---|---|
| Change | - |
As at November 30, 2025
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Inception Return (January 01, 2008): 0.76%
| 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 | 2.45% | -1.75% | 8.76% | 11.48% | 8.78% | 4.84% | -1.04% | -2.61% | -1.79% | -2.26% | -1.35% | -2.81% | -3.30% | -1.96% |
| Benchmark | 3.86% | 10.53% | 21.41% | 29.96% | 25.71% | 28.17% | 18.89% | 14.43% | 16.18% | 14.11% | 14.34% | 12.08% | 11.80% | 12.16% |
| Category Average | 1.00% | 5.37% | 13.03% | 15.34% | 13.30% | 18.40% | 11.46% | 8.35% | 10.23% | 8.86% | - | - | - | - |
| Category Rank | 43 / 170 | 138 / 164 | 95 / 159 | 66 / 143 | 74 / 143 | 121 / 137 | 127 / 132 | 101 / 127 | 112 / 120 | 116 / 118 | 107 / 111 | 98 / 107 | 102 / 105 | 97 / 99 |
| Quartile Ranking | 2 | 4 | 3 | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -2.42% | 0.44% | -2.53% | -1.54% | 0.06% | 6.26% | 4.24% | 4.99% | 1.15% | -3.31% | -0.81% | 2.45% |
| Benchmark | -3.27% | 3.48% | -0.40% | -1.51% | -0.10% | 5.56% | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% |
8.66% (September 2013)
-9.11% (March 2021)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.32% | 10.00% | -7.10% | -14.85% | 1.03% | 4.82% | 2.19% | -16.39% | -4.80% | -2.49% |
| Benchmark | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% |
| Category Average | - | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% |
| Quartile Ranking | 2 | 2 | 4 | 4 | 4 | 3 | 4 | 3 | 4 | 4 |
| Category Rank | 34/ 86 | 37/ 99 | 101/ 106 | 90/ 107 | 102/ 111 | 80/ 120 | 104/ 123 | 71/ 127 | 120/ 132 | 128/ 138 |
10.00% (2016)
-16.39% (2022)
Lightwater Long/Short Fund Class A
Median
Other - Alternative Equity Focus
| Standard Deviation | 12.10% | 12.18% | 11.40% |
|---|---|---|---|
| Beta | 0.12% | 0.12% | -0.01% |
| Alpha | -0.02% | -0.03% | -0.01% |
| Rsquared | 0.01% | 0.01% | 0.00% |
| Sharpe | -0.35% | -0.31% | -0.28% |
| Sortino | -0.36% | -0.42% | -0.48% |
| Treynor | -0.37% | -0.31% | 3.87% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 10.91% | 12.10% | 12.18% | 11.40% |
| Beta | 0.52% | 0.12% | 0.12% | -0.01% |
| Alpha | -0.03% | -0.02% | -0.03% | -0.01% |
| Rsquared | 0.22% | 0.01% | 0.01% | 0.00% |
| Sharpe | 0.58% | -0.35% | -0.31% | -0.28% |
| Sortino | 1.06% | -0.36% | -0.42% | -0.48% |
| Treynor | 0.12% | -0.37% | -0.31% | 3.87% |
| Tax Efficiency | 100.00% | - | - | - |
| Start Date | January 01, 2008 |
|---|---|
| Instrument Type | Exempt Product (Hedge Fund) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| LWP110 |
The investment objective of the Fund is to achieve absolute returns on investment whilst focusing on capital preservation and mitigating some market risk. The Fund intends to accomplish its set objective through superior securities selection and taking advantage of opportunities arising from inefficiencies and imbalances in markets and individual securities pricing.
The Fund will follow a long/short strategy. The Portfolio Manager will seek to identify and buy shares in companies which the Portfolio Manager believes are undervalued in the marketplace, and short sell shares in companies which the Portfolio Manager perceives as overvalued in the market place. This may be on either a relative valuation basis or an outright valuation basis.
| Portfolio Manager |
Redwood Asset Management Inc. |
|---|---|
| Sub-Advisor |
Lightwater Partners Ltd.
|
| Fund Manager |
Lightwater Partners Ltd. |
|---|---|
| Custodian |
CIBC World Markets Inc |
| Registrar |
- |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 1,000 |
| PAC Subsequent | 1,000 |
| SWP Allowed | Yes |
| SWP Min Balance | 25,000 |
| SWP Min Withdrawal | 1,000 |
| MER | - |
|---|---|
| Management Fee | 2.00% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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