(As of 5/31/2024)

Portland Replacement of Fossil Fuels Alt Fd F

(Alternative Equity Focused)
Inception Return
(4/28/2023)
21.38 %
YTD Return 20.27 %
NAVPS
(6/11/2024)
$11.77
Change ($0.17) / -1.44 %
Growth of $10,000 (As of May 31, 2024)
MER 3.50 %
Assets ($mil) $5.26
Rank (1Yr) 36/151
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
Data not available
 
Asset Allocation
(As of May 31, 2024)
Sector Allocation
(As of May 31, 2024)
Geographic Allocation
(As of May 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cameco CorpCanadian EquityBasic MaterialsCanada15.12%
Canada Government 0.00% 20-Jun-2024Cash and EquivalentsCash and Cash EquivalentCanada9.50%
Nuscale Power Corp Cl AUS EquityUtilitiesUnited States9.06%
Constellation Energy CorpUS EquityTechnologyUnited States8.47%
Centrus Energy Corp Cl AUS EquityBasic MaterialsUnited States8.37%
Assystem SAInternational EquityReal EstateEuropean Union6.51%
Silex Systems LtdInternational EquityEnergyAsia/Pacific Rim6.26%
Sprott Physical Uranium Trust - UnitsIncome Trust UnitsMutual FundCanada5.88%
KEPCO Engineering Construction Co IncInternational EquityReal EstateOther Asian5.24%
Doosan Heavy Inds Construction Co LtdInternational EquityIndustrial GoodsOther Asian5.07%

Performance Data (As of May 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 11.53 20.82 24.98 20.27 24.74 -    -    -   
Benchmark 2.77 5.07 11.79 7.58 17.55 7.35 10.14 7.53
Quartile Ranking 1 1 1 1 1 - - -

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund -      -      -      -      -      -      -      -      -      -     
Benchmark 11.75 -5.84 25.09 5.60 22.88 -8.89 9.10 21.08 -8.32 10.55
Quartile Ranking - - - - - - - - - -

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