Liquid Alternative Long-Short Equity Sub-Advisor: AQR Capital Management

Oak Hill AQR Delphi Long-Short Equity Fund

The objective of the Oak Hill AQR Delphi Long-Short Equity Fund is to deliver equity-like returns while targeting half of the systematic risk of equity markets. The Fund provides investors with returns from potential gains from its long and short positions in global equities.

StructureAlternative mutual fund
LiquidityDaily
Min. investment$500
InceptionAugust 2025
AUM$318.0M (Feb 28, 2026)

Investment objective

The objective of the Oak Hill AQR Delphi Long-Short Equity Fund is to deliver equity-like returns while targeting half of the systematic risk of equity markets. The Fund provides investors with returns from potential gains from its long and short positions in global equities.

Why investors consider this strategy

  • Long-short approach designed to reduce sensitivity to broad equity markets
  • Systematic process applied across a global equity universe
  • Daily liquidity in CAD and USD series
  • Eligible for registered tax plans

Investment strategy

The Fund seeks capital appreciation primarily by investing on a long basis in attractively valued, high quality and low beta assets and on a short basis in expensive, low quality, and high beta assets. The Fund will also take into consideration additional security characteristics when evaluating an investment’s attractiveness.

The Fund’s sensitivity to movements in the broader equity market is targeted to be half of the market’s.

Key risks and considerations

The value of the Fund can go down as well as up, and returns are not guaranteed. Each strategy involves its own risks, described in the Fund’s offering documents.

Read the offering documents ↓

Key facts

As of February 28, 2026
StructureAlternative mutual fund (liquid alternative)
Inception dateAugust 8, 2025
AUM$318.0 million (Feb 28, 2026)
DistributionsAnnually
Registered plan statusEligible
Purchases / redemptions / valuationsDaily
Performance fee20% over Blended Benchmark (50% MSCI World Net Total Return Hedged Index / 50% 3 Month T-Bill Index), perpetual high watermark

Performance

Performance cannot be displayed until the one-year anniversary of the Fund.

Performance, when shown, is net of investment management fees and expenses. Past performance is no guarantee of results.

Portfolio holdings

Oak Hill does not currently publish holdings on its website. If approved holdings or portfolio-characteristic data become available, this section presents them with the reporting date and required disclosures.

Fund codes & series

Minimum investment $500 initial / $50 additional on all series. NAV as of February 28, 2026.

SeriesFund codeManagement feeNAV
Series AOAK1012.15%$10.5054 NAV
Series FOAK1031.15%$10.5605 NAV
Series XOAK1050.90%$10.5759 NAV
Series A USOAK101U2.15%$10.3626 NAV
Series F USOAK103U1.15%$10.6418 NAV
Series X USOAK105U0.90%$10.6592 NAV

Distributions

Distributions, if any, are paid annually. Distribution amounts are not guaranteed and may vary. Year-end distribution reports are published as fund documents when available.

Distribution frequencyAnnually
Registered plan statusEligible

Questions about this fund?

Our team supports advisors and investors across Canada with fund documents, series availability and strategy education.

Speak With an Oak Hill Representative Advisor Centre

Important information

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Investors should carefully consider a fund’s investment objectives and strategies, risks, fees and expenses before investing. Please read the offering documents before investing. Investment funds are not guaranteed. Fund values change frequently and past performance may not be repeated.

This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.