The investment objective of the Fund is to provide a positive net total return, regardless of market conditions or general market direction, with low correlation to North American equity and credit markets. The Fund uses alternative investment strategies, such as equity long/short, pairs trading, arbitrage trading, thematic trading, the use of derivatives for leverage and/or borrowing for investment purposes, and seeks to achieve its objectives by investing primarily in equities, ETFs, fixed income and listed options in North American markets.The Fund’s aggregate gross exposure to short selling, cash borrowing and derivatives used for leverage must not exceed 300% of its NAV, calculated on a daily basis. The investment objectives of the Fund can only be changed with the approval of a majority of the votes cast at a meeting of unitholders called for such purpose.
The CLSF ETF is actively managed, so it doesn't track an index. We're working to retrieve all detailed holding information.