ElevenFund

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

Trust

Strategy

Short-term trading

Fundserv Code

Class
A:	SPA400
F:	SPA410

RSP Eligible

Yes

Subscription Frequency

Monthly, on the last business day of each month

Minimum Investment (accredited investors only)

C$ 25,000

Currency

Canadian dollars

Management Fee

Class
A:	2% per annum
F:	1% per annum

Performance Fee

20%

High Water Mark

Yes. No reset. Crystallized annually

Lock-up Period

None

Redemption Frequency

Monthly, on the last business day of each month

Redemption Notice

7 Calendar Days

Early Redemption Fee

None

Documents

Offering Memorandum Subscription Agreement Subscription Agreement (PDF Fillable) Fund Setup Sheet Financial Statements