A second way to be right.
All three of our funds are built on it.

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The firm

About us

Calterra is a Calgary investment firm that manages three funds. One invests in Canadian corporate fixed income, one in global dividend-paying companies, one in global growth.

Each fund has one portfolio manager who owns its results, and the people behind the funds ran similar strategies together for nearly a decade before founding Calterra.

The structure

How 130/30 works

Most funds research a wide breadth of companies, but all they can do with the ones ranked lowest is avoid them. Calterra’s funds act on both ends of that research. For every $100 invested, $30 is sold short against the companies ranked lowest.

Those positions gain if the companies fall behind, and the cash the sales raise buys more of the companies ranked highest. The fund’s net exposure to the market stays close to the $100 you put in.

The short side has a different job in each fund: it searches for extra return in the growth fund, softens a fall in the dividend fund, and holds down interest-rate risk in the income fund, which shorts bonds rather than shares. All three put more of each fund’s result in its manager’s hands.

Plain answers to the usual questions

Every manager ranks the whole market. Few funds let the whole ranking matter.

Enhanced, explained

The funds

Income, dividend and growth.

Each fund does one job, and the three are built to work alone or together. The income fund holds Canadian fixed income; the dividend and growth funds hold global equities. All three run the same 130/30 structure, each with one named manager.1

CSIF Calterra Strategic Income Fund Chris Bolton, CFA · Portfolio Manager
Benchmark: 50% Morningstar® Canada Core Bond · 50% Morningstar® Canada 1-5 Yr Core Bond Canadian corporate fixed income, run 130/30. Steady income and capital preservation, with deliberately low interest-rate risk. Fund page CEDF Calterra Global Enhanced Dividend Fund Jason Isaac, CFA, CAIA · Chief Investment Officer
Benchmark: 100% Morningstar® Developed Markets Global dividend equity, run 130/30. Companies with strong dividend growth and profitability, aiming for below-market volatility. Fund page CEGF Calterra Global Enhanced Growth Fund Derek VanGenderen, CFA · Portfolio Manager
Benchmark: 100% Morningstar® Developed Markets Global growth equity, run 130/30. Companies growing for reasons that outlast the business cycle, at market-like risk. Fund page

The funds are expected to open in the fall. Offering documents will be available at launch.

What it costs

Nine of every ten funds in our categories charge more.

Series FS charges 0.55% a year on the income fund and 0.65% on the equity funds, lower than nine of every ten funds in each category. Hollow dots charge a performance fee on top of the fee shown. We never do.2

CSIF · Strategic Income against 39 Alternative Credit funds

One fund charges less, and it adds a performance fee.

CEDF and CEGF · Enhanced Dividend and Growth against 59 Alternative Equity funds

23 of the 59 funds add a performance fee on top of the fee shown. Calterra charges none.

Annual management fee of the fee-based (Series F) series of actively managed alternative mutual funds in the Alternative Credit Focused and Alternative Equity Focused categories with a published management fee, as at June 30, 2026. Source: Morningstar. Hollow marks also charge a performance fee. Management fee is not the MER; see the fee table below.
Series FS is fee-based and carries no trailing commission. It will be open to all investors for six months from launch, and after that will require $20 million in aggregate holdings, from one investor or across an advisor’s clients. MERs are estimates until the funds have operated. Each is the management fee plus the 0.24% administration fee that applies once fund assets reach $100 million; below $100 million the administration fee is 0.30%. Excludes applicable taxes.
Fund Series FS management fee Series F management fee Series FS MER (est.)
CSIF · Strategic Income 0.55%0.80%0.79%
CEDF · Global Enhanced Dividend 0.65%0.90%0.89%
CEGF · Global Enhanced Growth 0.65%0.90%0.89%

Who you’re trusting

One manager per fund

Four of the five ran similar strategies together for nearly a decade at the same Calgary investment group, three managing the mandates and the fourth supporting the research and systems behind them. Each manager owns their fund’s results, inside limits the firm sets.

CSIF Chris Bolton, CFA Has spent more than twenty years judging which Canadian companies can pay back what they borrow. Strategic Income CEDF Jason Isaac, CFA, CAIA More than twenty-five years running money, and three teaching it at Calgary’s Haskayne School of Business. Global Dividend CEGF Derek VanGenderen, CFA Started in 2015 as an analyst on global strategies that invest both long and short, and went on to manage one. Global Growth

Sean Hindmarch leads the company, and Ryan Turner, CFA runs Technology & Operations.

Meet the team

The funds are not open yet · Expected in the fall

Let’s talk.

The funds are expected to open in the fall. Until then we will go through the strategy, the eligibility rules and the documents with any advisor or investor who asks.

Email sales@calterraim.comSuite 715, 999 8th Street SW, Calgary