ElevenFund is a short-term, momentum trading fund focused on the Canadian equity market that targets superior risk-adjusted returns compared to the TSX, as measured by the Sharpe and MAR (‘gain-to-pain’) ratios. The Fund places significant emphasis on liquidity and on crystallizing open profit positions. The Fund does not invest in private securities.

Current Monthly Report

Why Invest?

  • Fund is targeted to capture a significant portion of TSX gains in strong up markets but have lower volatility and smaller losses than the TSX in down markets.  In all market conditions, focus is on liquidity.

  • Short term directional Canadian equity trading fund that typically goes 40-60% cash at end of each day

  • Significant investment by portfolio manager ensures good alignment of incentives between manager and investor

  • Suitable for investors seeking long-term growth who can tolerate medium risk

Fund Details

Legal structure
Short-term trading
Fundserv Code
A: SPA400
F: SPA410
RSP Eligible
Subscription Frequency
Monthly, on the last business day of each month
Minimum Investment (accredited investors only)
C$ 25,000
Canadian dollars
Management Fee
A: 2% per annum
F: 1% per annum
Performance Fee
High Water Mark
Yes. No reset. Crystallized annually
Lock-up Period
Redemption Frequency
Monthly, on the last business day of each month
Redemption Notice
7 Calendar Days
Early Redemption Fee