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PCJ Absolute Return II Fund Series A
Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-13-2026) |
$10.67 |
|---|---|
| Change |
$0.04
(0.36%)
|
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (March 05, 2021): 1.04%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 1.86% | -2.57% | -1.70% | -4.16% | 0.38% | 2.89% | 4.57% | 3.37% | 1.46% | - | - | - | - | - |
| Benchmark | 3.81% | 7.00% | 13.54% | 7.89% | 40.10% | 28.50% | 21.54% | 16.52% | 15.51% | 18.30% | 14.14% | 13.56% | 12.35% | 12.61% |
| Category Average | -0.19% | -0.10% | 0.83% | 0.06% | 4.55% | 5.54% | 5.92% | 4.48% | 2.03% | 2.62% | 1.55% | - | - | - |
| Category Rank | 3 / 39 | 38 / 39 | 35 / 39 | 38 / 39 | 33 / 39 | 24 / 34 | 16 / 33 | 18 / 30 | 20 / 25 | - | - | - | - | - |
| Quartile Ranking | 1 | 4 | 4 | 4 | 4 | 3 | 2 | 3 | 4 | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.59% | -0.55% | -0.27% | -0.12% | 2.34% | 0.13% | -0.01% | 2.58% | -1.63% | 0.58% | -4.90% | 1.86% |
| Benchmark | 5.56% | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% |
Best Monthly Return Since Inception
4.48% (February 2024)
Worst Monthly Return Since Inception
-4.90% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | -2.73% | 2.82% | 12.19% | 3.22% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% | 9.41% | 5.55% |
| Quartile Ranking | - | - | - | - | - | - | 4 | 3 | 2 | 3 |
| Category Rank | - | - | - | - | - | - | 25/ 30 | 21/ 33 | 14/ 33 | 25/ 39 |
Best Calendar Return (Last 10 years)
12.19% (2024)
Worst Calendar Return (Last 10 years)
-2.73% (2022)
Asset Allocation
Sector Allocation
Geographic Allocation
Top Holdings
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PCJ Absolute Return II Fund Series A
Median
Other - Alternative Market Neutrl
3 Yr Annualized
| Standard Deviation | 5.78% | 5.21% | - |
|---|---|---|---|
| Beta | 0.19 | 0.07 | - |
| Alpha | 0.01 | 0.00 | - |
| Rsquared | 0.15% | 0.03% | - |
| Sharpe | 0.17 | -0.25 | - |
| Sortino | 0.41 | -0.37 | - |
| Treynor | 0.05 | -0.18 | - |
| Tax Efficiency | 100.00% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.88% | 5.78% | 5.21% | - |
| Beta | 0.44 | 0.19 | 0.07 | - |
| Alpha | -0.15 | 0.01 | 0.00 | - |
| Rsquared | 0.47% | 0.15% | 0.03% | - |
| Sharpe | -0.26 | 0.17 | -0.25 | - |
| Sortino | -0.43 | 0.41 | -0.37 | - |
| Treynor | -0.04 | 0.05 | -0.18 | - |
| Tax Efficiency | 100.00% | 100.00% | - | - |
Fund Details
| Start Date | March 05, 2021 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CCL2000 |
Investment Objectives
The PCJ Absolute Return II Fund seeks to earn positive absolute and attractive risk adjusted returns while demonstrating low correlation with, and lower volatility than, traditional long-only investment portfolios. The Fund will engage in short selling, cash borrowing and use derivatives in order to meet its investment objective.
Investment Strategy
The Manager has retained PCJ as portfolio manager, with full authority and responsibility, to invest the assets of the Fund. PCJ was established in 1996 and has experience in managing alternative investment strategies. PCJ and the Manager are part of CC&LFG. As of December 31, 2022, PCJ had over $700 million in assets under management and CC&LFG, through its affiliates, had approximately $104 billion in assets under management.
Portfolio Management
| Portfolio Manager |
PCJ Investment Counsel Ltd.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Connor, Clark & Lunn Funds Inc |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
RBC Investor Services Trust |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.15% |
|---|---|
| Management Fee | 2.00% |
| Load | Back Fee Only |
| FE Max | 2.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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