PCJ Absolute Return Fund
Series
Quick Facts
*Prior to May 27, 2024, the trade settlement cycle for CC&L Funds was trade date (T) + 2.
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
- Leverage institutional process across Large & Small Cap Canada and opportunistic US exposure
- Removes constraints (long-only, domestic-only, benchmark) to pursue highest conviction opportunities
- Trade construction to eliminate beta, and isolate alpha
- Diversified sources of alpha that are less correlated to market returns (or attractive complement to traditional portfolios)
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 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.
Fund Returns1
(CCL 251) 0.48% -1.11% 0.48% 3.88% 5.99% 5.80% 6.08% - 4.52%
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 Composite – Inception Date: January 1, 2012. Source: Connor, Clark & Lunn Investment Management 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 Fund, which invests solely in units of the PCJ Absolute Return Composite. 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 fund investments. Please read the offering memorandum 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. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
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 $142 billion in assets under management on behalf of institutional and individual investors.
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