Morningstar

Veritas Absolute Return A

NAV as of

Overview

    • NAV

      13.69

    • 1-Day Return

      0.53%

    • Fund Size

      52.9 Mil

    • MER

      3.470%

    • Category

      Canada Fund Alternative Equity Focused

    • Share Class Type

      Commission-based Advice

    • Investment Style

      Mid Value

    • Fixed Income Surveyed Style Box

      —

    • TTM Yield

      0.50%

    • Turnover

      208%

    • Min. Initial Investment

      5,000

    • Risk Level

      Low to Medium

    • Status

      Open

    • Inception Date

      Oct 01, 2019

Performance

Growth of 10,000

A chart contrasting Fund Growth of 10k over 10 years versus Category and Index
Manager Change : Full Partial

Returns

Growth of 10K component includes four parts: Growth of 10K chart, Manager Change, Fund Flows, and Annual Return table.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
YTD
Investment
N/A
N/A
N/A
N/A
N/A
2.11
21.48
-6.16
-1.53
15.23
6.22
Category
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Index
0.60
0.45
0.63
1.35
1.70
0.48
0.11
1.83
4.77
4.67
1.52
Quartile Rank
—
—
—
—
—
—
—
—
—
—
—
Percentile Rank
—
—
—
—
—
—
—
—
—
—
—
# of Invest. in Cat.
—
—
—
—
—
—
—
—
—
—
—
Category Name
—
—
—
—
CA171 Canada Fund Alternative Equity Focused
CA171 Canada Fund Alternative Equity Focused
CA171 Canada Fund Alternative Equity Focused
CA171 Canada Fund Alternative Equity Focused
CA171 Canada Fund Alternative Equity Focused
CA171 Canada Fund Alternative Equity Focused
CA171 Canada Fund Alternative Equity Focused

Price

Cost Illustration

Selected Option

Alternative Options

Sustainability

ESG Risk Rating

3/5

Corporate Sustainability Score
23.33 23.45
Sovereign Sustainability Score
Low Carbon Designation

No Designation

Carbon Risk Score
13.74

Strategy

The investment objective of the Fund is to achieve attractive risk adjusted rates of return that deliver long term capital appreciation to Unitholders. In order to achieve its investment objective, the Fund will invest primarily in the securities of publicly traded Canadian companies that the Manager identifies as mispriced. Long and short positions will be determined based (in part) on recommendations provided by Veritas Investment Research Corporation (an affiliate of the Manager). The Manager may also invest in securities that are not formally covered by Veritas Investment Research Corporation.

Related Investments

Investment Name
Ticker
Inception
Net Assets
Front Load %
Deferred Load %
Expense Ratio %
Minimum Initial Purchase
12b-1 Actual
Purchase Constraint
Shareclass Attributes
Veritas Absolute Return A
Veritas Absolute Return A
VAM305
Oct 01, 2019
5.02 Mil
—
—
—
5.00 k
—
—
—
Veritas Absolute Return F
Veritas Absolute Return F
VAM301
Oct 01, 2019
48.74 Mil
—
—
—
5.00 k
—
—
—
Veritas Absolute Return I
Veritas Absolute Return I
VAM303
Oct 01, 2019
—
—
—
—
—
—
T Institutional
—

© Morningstar 2025. All Rights Reserved. The data and analyses herein do not constitute investment advice; is provided solely for informational purposes; is not an offer to buy/sell a security; and is not warranted to be correct, complete, or accurate. Morningstar is not responsible for any trading decisions, damages or losses resulting from, or related to, the data and analyses or their use. Financial Professionals: This report may not meet all applicable presentation and/or disclosure standards to which you are subject to by a regulator and may need to be supplemented with another report or additional data and/or disclosures. Review carefully before sharing this report and contact your Compliance team with any questions. The ESG-related information, methodologies, tool, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect.