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Introducing Canada’s premiere all-weather investment solution, the WaveFront All-Weather Alternative Fund ETF. Engineered to deliver stability and consistent performance, regardless of the market environment, now available as both a mutual fund and ETF.
*Disclaimer: Effective January 2, 2025, WaveFront All-Weather Fund, LP merged into WaveFront All-Weather Alternative Fund. The ETF’s performance track record is ported from the LP and reflects historical annual compounded returns net of fees (except for figures of one year or less, which are simple returns). Past performance is not indicative of future results. Investment risks, fees, and charges may reduce returns. Correlation to equities refers to the correlation of the fund’s returns to the returns of the S&P 500 Index.
“We believe WAAV stands out as a robust solution for Canadian investors who want exposure to an institutional-caliber strategy in a simple, accessible format.”
The WaveFront All-Weather Alternative Fund ETF is designed to deliver balanced, superior returns through all market conditions by combining diversification, systematic risk management, and institutional-grade investment strategies - packaged in a mutual fund and ETF for daily liquidity.
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Unlike many liquid alts that still behave like traditional equity or fixed income, the WaveFront All-Weather Alternative Fund ETF allocates dynamically across multiple asset classes and strategies:
Quantitative Equity Alpha
Advanced quantitative models to systematically identify high-potential global equities, dynamically adjusting exposure while managing risk.
Optimized Treasury Exposure
A data-driven approach to balance U.S. Treasury exposure, incorporating inflation-linked securities and optimal duration management for stability.
Diversified REIT Exposure
Strategic exposure to real assets via Canadian REITs enhances diversification, providing long-term yield and inflation protection within a multi-asset framework.
Systematic Crisis Risk Management
A blend of non-correlated assets designed to provide stability and resilience during inflationary and market stress environments.
Institutional-Grade Diversification
A rules-based approach to global macro investing, capturing opportunities across asset classes using trend-following and systematic factor strategies.
High-Conviction, Asymmetric Upside
Tactical investments where market inefficiencies provide significant upside potential, leveraging a disciplined risk-reward framework.
Our team has engineered a dynamic approach that combines the best of various asset classes under one umbrella, aiming to protect and grow capital in both turbulent and calm markets.
Explore how the WaveFront All-Weather Alternative Fund and its all-weather composite deliver robust, diversified performance over the long term. Compare WAAV’s track record against leading competitors and discover the enduring value of a balanced, all-weather approach.
Many investors who are interested in alternatives default to the biggest and most well known names. Here is how WaveFront All-Weather compares to the 20 largest alternative mutual funds in North America.
Data Source: Bloomberg & WaveFront. Performance data shown represents past performance and is not a guarantee of future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Data Source: Bloomberg & WaveFront. Performance data shown represents past performance and is not a guarantee of future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Growth of $10k
Since inception
Asset Allocation
as of Feb 28 2025
Quick Facts
| Inception Date: | Dec 1, 2019 |
| ETF Ticker: | WAAV:TSX |
| Series AD: | AHP3205 |
| Series FD: | AHP3215 |
| RRSP Eligibility: | Yes |
| Distributions: | Quarterly |
| Management Fee: | 0.95% |
| Performance Fee | 15% |
| Hurdle Rate | 3% |
Risk & Return Metrics
as of Feb 28 2025
| Period | WAAV ETF | Composite Benchmark* |
|---|---|---|
| 3 months | 2.27% | -0.15% |
| Year-to-date | 2.35% | 3.35% |
| 1 year | 14.41% | 9.30% |
| 3 years | 3.40% | 2.12% |
| 5 years | 7.34% | 4.94% |
| Since Inception* | 8.48% | 4.98% |
| Cumulative | 53.30% | 29.04% |
Effective January 2, 2025, WaveFront All-Weather Fund, LP merged into WaveFront All-Weather Alternative Fund. The ETF’s performance track record is ported from the LP and reflects historical annual compounded returns net of fees (except for figures of one year or less, which are simple returns). Past performance is not indicative of future results. Investment risks, fees, and charges may reduce returns.
Composite Benchmark: 20% allocation each in the SG CTA PR USD Index, iShares MSCI ACWI ETF, S&P GSCI Precious Metals TR, Morningstar Canada REIT GR USD, and iShares 20_yr Treasury Bond ETF.
WaveFront All-Weather Alternative Fund (TSX: WAAV) is Canada’s first truly all-weather investment solution, offering a unique liquid alternative strategy that invests primarily in North American dividend-paying equities.
Many investors who are interested in alternatives default to the biggest and most well known names. Here is how WAAV compares to the 20 largest alternative mutual funds in North America.
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