PCJ Absolute Return II Fund
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)
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
Portfolio Exposures
Quick Facts
Inception Date:
March 05, 2021
Fund Category
Absolute Return
Fund Code (A|F)
CCL2000 | CCL2001
Management Fee (A|F)
2.00% | 1.00%
Performance Fee
20%
Hurdle
2.00% per annum
High Water Mark
Perpetual
Minimum Investment
$5,000
Subsequent Investment
$500
Risk Level
Low to Medium
Systematic Purchase
$100
Liquidity
Weekly
Trade Settlement
T+1*
AUM data above is updated daily on all days that markets are open.
*Prior to May 27, 2024, the trade settlement cycle for CC&L Funds was trade date (T) + 2.
Founded in 1996, PCJ Investment Counsel Ltd. is an independent privately owned investment manager focused solely on Canadian equities. With over $900 million in total assets under management, the firm has a deep, stable portfolio management team headed by two senior investment professionals whom each have over 25 years of experience managing Canadian equities. PCJ is an affiliate of Connor, Clark & Lunn Financial Group.
Annualized
Class or currency
As of October 31, 2024
6 months
YTD
1 Year
3 Years
5 Years
Since Inception
PCJ Absolute Return II Fund - Series F
5.79%
11.28%
13.73%
4.42%
N/A
2.34%
Annual
Class or currency
As of December 29, 2023
2023
2022
2021
2020
2019
PCJ Absolute Return II Fund - Series F
3.98%
-1.73%
N/A
N/A
N/A
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.
Documents
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
DownloadStatement of Financial Position
DownloadFund 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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For additional information on Connor, Clark & Lunn Funds Inc., please contact:
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The Connor, Clark & Lunn group of companies includes a number of entities that may be registered as investment advisers, investment fund managers and exempt market dealers in various provinces and territories of Canada. A number of entities are also registered with the Unites States Securities and Exchange Commission as advisers in that country and the Connor, Clark & Lunn group of companies also includes a number of investment advisers and fund managers that are authorized and regulated by the Financial Conduct Authority in the United Kingdom. The information provided on this website regarding each entity is directed solely towards qualified investors in jurisdictions where the appropriate entity is registered. Services offered by any of the entities in the Connor, Clark & Lunn group of companies are offered solely to qualified residents of the jurisdictions where the entities are qualified to do business.
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CC&L Funds Inc.
June 6th, 2022