PCJ Absolute Return II Fund
Series
Quick Facts
Distributions
Objectives
- Market Neutral, absolute return strategy
- Low correlation to the broader markets
- Preservation of capital and sustainable returns
- Target annualized net returns of 8% with lower volatility than equities, over a market cycle
Highlights
- PCJ team’s highest conviction ideas, long and short, with some directional exposure
- Leverage institutional process across Large & Small Cap Canada and opportunistic US exposure
- Removes constraints (long-only, domestic-only, benchmark) to pursue highest conviction opportunities
- Long biased strategy, offers alpha and some beta
- Upside participation with greater expected downside protection vs equities
- Opportunistic net exposure 35-100%
- Solution to reduce equity exposure, without reducing expected returns
Portfolio Manager
Founded in 1996, PCJ Investment Counsel Ltd. (PCJ) is an independent privately owned investment manager focused on large and small cap Canadian equities and alternative investments including equity market neutral and long/short strategies. With over $1.2 billion in total assets under management, the firm has a deep and stable portfolio management team focused on identifying and exploiting unique investment opportunities, and constructing portfolios with attractive risk return characteristics. PCJ is an affiliate of Connor, Clark & Lunn Financial Group.
For more information on PCJ go to www.pcj.ca
Fund Returns1
(CCL2001) 1.30% 2.43% 2.21% 0.78% 4.07% 6.33% - - 2.45%
Top Ten Equities2
Performance Characteristics2
For further information, please contact Connor, Clark & Lunn Funds Inc. Toll Free at 1-888-824-3120.
1. Returns are calculated net of management fees, trading and operating expenses. 2. Characteristics, Sector Allocation and Exposure data is based on the PCJ Absolute Return II Fund – Inception Date: March 5, 2021. Source: Connor, Clark & Lunn Financial Group Ltd. Data displayed for illustration purposes only. Connor, Clark & Lunn Funds Inc. has retained PCJ Investment Counsel Ltd. to act as portfolio manager for the PCJ Absolute Return II Fund. 3. Relative to FTSE Canada 91 Day TBill Index. 4. Relative to S&P/TSX Composite Index. 5. Total cumulative Fund returns measured on a monthly basis when the S&P/TSX Composite was up/down respectively. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The specified distribution rate is a target only and may be adjusted from time to time by the Manager without prior notification to unitholders. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Allocations may not add to 100% due to rounding.
CC&L Funds is part of Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group), an independently owned multi-boutique asset management firm whose affiliates are collective responsible for over $167 billion in assets under management on behalf of institutional and individual investors.
Annualized
Class or currency
Annual
Class or currency
Inception Date
PCJ Absolute Return II Fund - Series A : March 5, 2021
PCJ Absolute Return II Fund - Series F : March 5, 2021
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate[s] of return is [are] the historical annual compounded total return[s] including changes in [share or unit] value and reinvestment of all [dividends or distributions] and does [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.
Fund performance is stated net of all management and performance fees and after trading and operating expenses. For more information on fund performance, please contact us at[email protected].
Source: Connor, Clark & Lunn Financial Group Ltd.
The above information is provided for your convenience. While we strive to ensure the accuracy of data presented on our website, it should not be relied upon as an official book of record.
Regulatory
Annual Proxy Votes
ViewAnnual Management Report of Fund Performance (MRFP)
DownloadInterim Management Report of Fund Performance (MRFP)
DownloadAnnual Financial Statements*
DownloadInterim Financial Statements*
DownloadSimplified Prospectus
DownloadSimplified Prospectus Amendment No. 1
DownloadStatement of Financial Position
DownloadPress release dated May 30, 2025
DownloadMaterial change report - May 30, 2025
DownloadQuarterly Portfolio Disclosures
ViewFund Fact Sheets
PCJ Absolute Return ll Fund Series A
DownloadPCJ Absolute Return ll Fund Series F
DownloadPCJ Absolute Return ll Fund Series I
Download*In order to comply with the International Ethics Standards Board for Accountants (“IESBA”) Code of Ethics for Professional Accountants, the auditor of CC&L Funds, KPMG LLP, is required to publicly disclose the audit and non-audit fees, on an annual basis, charged to public interest entities.
In connection with the audits of the financial statements of the public interest entities managed by CC&L Funds for the year ended December 31, 2023, the following fees (excluding applicable taxes) were paid or payable to KPMG LLP: $178,101 for audits of financial statements and $82,215 for other services.
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