Tables and charts in the Rally Funds Annual Report represent a snapshot of fund investments as of December 31, 2023; investments may change over time. All figures in this report are in Canadian dollars unless otherwise indicated. The asset allocation, regional exposure, and security weights presented in this report assume private investment commitments have been fully called. A Rally Fund may invest uncalled capital commitments in a combination of cash equivalents and liquid securities on a short-term basis to optimize the Rally Fund’s impact and financial performance.

Comparability of Series Performance over Time: During Q3 2021 RTIF holdings in Bridging Indigenous Impact Fund (BIIF) were split from Series F holdings into a new series designated FB and from Series I holdings into a new series designated IB. This was done to facilitate unencumbered trading of Series F and Series I units while creating separate series to hold BIIF until resolution of the value of this holding. As such, returns from inception to Q2 2021 reflect pre-split Series F and Series I unit performance and returns post-Q2 reflect post-split performance. Returns reflect the blended performance of the pre- and post-split Series F and Series I units. Investors that purchased RTIF units prior to the end of Q2 2021 own both Series F and Series FB units or Series I and Series IB while investors purchasing RTIF units from Q3 2021 onwards own Series F or Series I units only.

This document is for informational purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of securities. The information contained herein is in summary form for convenience of presentation. It is not complete, and it should not be relied upon as such. The information set forth herein was gathered from various sources which Majestic Asset Management LLC and Rally Assets Inc. believe to be accurate. This document is provided to you on the understanding that   you will understand and accept its inherent limitations and you will not rely on it in making or recommending any investment decision. Any investment in a private fund, including the Rally Total Impact Fund or Rally Global Equities Impact Fund (the “Rally Funds”), is subject to various risks; such risks should be carefully considered by prospective investors before they make any investment decision. Please refer to the Rally Funds’ offering memorandum for more information of the risks related to an investment in the Rally Funds. The information in this document should not be considered legal, tax, investment, financial, or any other professional advice and each prospective investor should obtain its own legal, tax, investment, financial, or any other professional advice before investing in a private fund. An investment in the Rally Funds is not guaranteed, its value changes frequently, and past performance may not be repeated. Investment losses do and may occur, and investors could lose some or all of their investment in the Rally Funds. Commissions, fees, and expenses may be associated with fund investments. This document reflects general information about the Rally Funds. There can be no assurance that any information included herein will not change or be adjusted to reflect the environment in which the Rally Funds will operate. Historic performance is not indicative of future returns. Conclusions and opinions do not guarantee any future event or performance. Investment in the Rally Funds has not been and will not be recommended or approved by any Canadian or provincial securities commission or regulatory authority. The foregoing authorities have not passed upon the accuracy or determined the adequacy of this summary. The information presented in this document is not intended for persons that are citizens of, domiciled or resident in, or entities registered in a country or jurisdiction in which its distribution, publication, provision or use would violate current laws and regulations. In Canada, the distribution of this document and any other document relating to the distribution or marketing of any investment in the Rally Funds, is made and will be made only to accredited investors (as defined in National Instrument 45-106 – Prospectus Exemptions) or pursuant to another applicable prospectus exemptions. This document is not an offering memorandum, prospectus, advertisement, or public offering of any financial instrument. All information contained in this document regarding the Rally Funds is qualified in its entirety by the information contained in the offering memorandum prepared in connection with the distribution of the Rally Funds and the constituting documents establishing the Rally Funds (the “Offering Documents”). Investment objectives, risks, charges, and expenses should be considered carefully. This and other important information can be found in, and is subject to the Offering Documents. Should any of the descriptions or terms in this document be inconsistent with the Offering Documents, the Offering Documents shall prevail. By receiving a copy of this document, you agree to be bound by the foregoing limitations. Additional information is available upon request.

 

1. Opening Letter

6. Systems

2. Portfolio Overview

7. SDGs

3. Performance

8. Operational Practices

4. Themes

9. Methodology

5. Thematic Spotlights

10. Disclaimer

Land Acknowledgement

A note on our relationship with this land and those who have been here much longer than we have

We consider ‘the land Rally Assets is on’ as the whole of this country. Turtle Island. Our office is in Toronto; staff live across the country; currently, around Toronto, Montreal and Vancouver. The impact fund managers and product issuers we work with are based throughout the country, as are our clients.

We know this is not our traditional land. Most of us came to Canada very recently, and those whose families came generations ago know that their settler ancestors arrived in a country that had been inhabited for thousands of years by people collectively called Indigenous peoples.

Our staff all have deep personal connections to the land of their heritage and understand how powerfully that connection shapes who they are. Reflecting on that helps us appreciate the horror of the action of settlers and settler governments to sever Indigenous peoples from their lands, their livelihoods, their cultures and more.

Acknowledging the truth of Canada’s difficult Indigenous-settler past, we work today to build Indigenous-settler relationships that heal, nurture and strengthen so that the future is better for us all.

Only accredited investors are eligible to invest in Rally Funds and this webpage is meant only for accredited investors.