The Tralucent Global Alt (Long/Short) Equity Fund
The Tralucent Global Alt (Long/Short) Equity Fund (TGAF) was created on March 31, 2020 as an Offering Memorandum mutual fund. It originally had three classes: Class A, M, and F. These three classes are available on FundServ as TGF110, TGF120, and TGF 130 respectively.
On November 16th, 2023, Tralucent launched the ETF class of the fund, which is listed on the Toronto Stock Exchange (TSX) under the ticker TGAF. This is available for purchase by anyone with access to the TSX.
We present below the performance of the A Class Units since inception. The A Class has a 2.00% MER.
Historical Performance of TGF110 as at November 30, 2024
| CAD Return (%) | |||||||||
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
| TGF110 | 3.85% | 8.10% | 13.76% | 24.43% | 26.40% | 13.18% | - | - | 21.33% |
| MSCI ACWI | 4.44% | 7.76% | 13.55% | 27.47% | 30.09% | 10.99% | - | - | 16.96% |
We present below the performance of the M Class Units since inception. The M Class has a 1.65% MER.
Historical Performance of TGF120 as at November 30, 2024
| CAD Return (%) | |||||||||
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
| TGF120 | 3.88% | 8.20% | 13.91% | 24.79% | 26.81% | 13.58% | - | - | 21.77% |
| MSCI ACWI | 4.44% | 7.76% | 13.55% | 27.47% | 30.09% | 10.99% | - | - | 16.96% |
We present below the performance of the F Class Units since inception. The F Class has a 1.00% MER.
Historical Performance of TGF130 as at November 30, 2024
| CAD Return (%) | |||||||||
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
| TGF130 | 3.94% | 8.41% | 14.41% | 25.73% | 27.84% | 14.44% | - | - | 22.67% |
| MSCI ACWI | 4.44% | 7.76% | 13.55% | 27.47% | 30.09% | 10.99% | - | - | 16.96% |
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does 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.
TGF and You
Account holders were given an equivalent number of units of the TGF to the value of their holdings as at March 31, 2020. At inception, units of the fund were valued at 10 CAD per unit.
Adding Value by Being Both Long and Short
The Fund benefits from both long and short holdings. Its long holdings consist of high quality global equities. The Fund shorts by selling overvalued securities.
By employing both strategies, the Fund is able to enjoy lowered volatility and an enhanced rate of return.
Fund Contents
The TGF owns approximately 201 equities and shorts 46 companies from around the world.
The Nature of What You Own and Short
The Fund buys – with very few exceptions – established companies from around the world, from various sectors and industries. These companies have strong management, are highly competitive in nature and can withstand the test of time.
Conversely, the Fund is short securities that do not present the potential to appreciate over time.
Greater diversification
As a unit holder of the TGF, you are now an owner of more than 200 businesses from around the world.
As you have heard us say time and again, a well diversified portfolio like the TGF gives us the confidence to say that it is inconceivable to think that your money would ever go to zero.
TGF Current Top 10 Longs
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NVIDIA Corp
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Berkshire Hathaway
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Alphabet (Google)
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Blackstone Group
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Broadcom Inc
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Microsoft Corp
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Jabil Inc
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Booking Holdings Inc
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Amazon.com Inc
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Meta Platforms Inc
Tralucent’s management efforts
The most notable act on our part has been our dedication to research. We have always refused to cave to unpredictable short term noise and use our knowledge to make sound decisions for the long term. We are diligently working at capturing returns on both the long and short side.
Our advice
You want a strong investment option in your portfolio - align yourself with Tralucent and know that we are working daily at providing the best returns we can while enjoying reduced (medium rated) volatility at the same time.
We recommend you either maintain or increase your TGF holdings at every opportunity that you have!
Our excitement
We are thrilled that the TGF has our interests and performance 100% aligned with our investors. We will continue to strive for higher gains through our enhanced focus and use of shorting strategies for poorly run companies. We will talk of such strategies in future commentaries.
Please reach out
As always, we are more than welcome to discuss any of this further via a telephone call or Zoom chat. Please do not hesitate to ever reach out.
Our outlook into the future
The stock market will continue to grow and reach higher highs. Over time, equity markets significantly outperform all other asset classes, and within that, the ferociously competitive companies come out on top. Within the Fund, we direct our focus to identify and buy those ferociously competitive, diverse and global companies.
Conversely, the stock market has shown that it is not entirely efficient and there are opportunities to identify those companies that are currently overvalued as well.