(As of 2/28/2026)

Portland Replacement of Fossil Fuels Alt Fd F

(Alternative Equity Focused)
Inception Return
(4/28/2023)
43.63 %
YTD Return 9.27 %
NAVPS
(3/20/2026)
$25.85
Change ($1.06) / -3.94 %
Growth of $10,000 (As of February 28, 2026)
MER 13.78 %
Assets ($mil) $36.10
Rank (1Yr) 2/201
Std Dev (3Yr) -
Volatility Ranking (3Yr) -
RRSP Eligibility Yes
Load No Load
Max Front End -
Max Back End -
Sales Status Open
 
Objective
The Fund objective is to provide positive long-term total returns by investing primarily in a portfolio of securities focused on businesses active in industries which will drive the transition from traditional energy (primarily based in fossil fuels) to sustainable energy sources, which will include the area of nuclear energy.
Fund Manager

Portland Investment Counsel Inc.

Portfolio Manager

Michael Lee-Chin, Portland Investment Counsel Inc.

Dragos Berbecel, Portland Investment Counsel Inc.

Sub-Advisor
-
 
Asset Allocation
(As of February 28, 2026)
Sector Allocation
(As of February 28, 2026)
Geographic Allocation
(As of February 28, 2026)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cameco CorpCanadian EquityBasic MaterialsCanada14.58%
Centrus Energy Corp Cl AUS EquityBasic MaterialsUnited States11.33%
Bloom Energy Corp Cl AUS EquityIndustrial GoodsUnited States10.63%
BWX Technologies IncUS EquityIndustrial GoodsUnited States7.81%
Doosan Heavy Inds Construction Co LtdInternational EquityIndustrial GoodsOther Asian7.01%
Silex Systems LtdInternational EquityEnergyAsia/Pacific Rim6.49%
AltC Acquisition Corp Cl AUS EquityUtilitiesUnited States5.97%
Nuscale Power Corp Cl AUS EquityUtilitiesUnited States5.12%
GE Vernova IncUS EquityUtilitiesUnited States4.97%
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)Cash and EquivalentsCash and Cash EquivalentUnited States4.93%

Performance Data (As of February 28, 2026)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -4.15 1.48 17.65 9.27 89.08 -    -    -   
Benchmark 7.72 10.06 21.64 8.62 38.79 22.89 17.10 13.67
Quartile Ranking 4 3 1 1 1 - - -

Calendar Return (%) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Fund 84.04 35.28 -      -      -      -      -      -      -      -     
Benchmark 31.68 21.65 11.75 -5.84 25.09 5.60 22.88 -8.89 9.10 21.08
Quartile Ranking 1 1 - - - - - - - -

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