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Value Contrarian Equity Fund (VCEF)
Fund Information (Also see our Philosophy page)
Investment Objective: The Fund seeks to achieve long-term capital growth by investing primarily in North American securities. There are no pre-determined parameters in regards to sectors or market capitalizations. The Fund may at times concentrate its investment positions.
Investment Strategy: The Fund manager prefers to buy “superior” businesses at reasonable valuations. Criteria taken into consideration include: high free cash flow, low debt/ P/E levels, above average ROE, rising dividends and shareholder friendly management (buybacks). The Fund may also include “cyclical” businesses, discounted Closed-End Funds and Exchange Traded Funds (ETFs).
Structure: Mutual Fund Trust (Pooled Fund).
Portfolio Manager: Value Contrarian Asset Management Inc.- Benjamin D. Horwood.
Portfolio Manager’s Investment: Benjamin D. Horwood owns units having a value in excess of $2,000,000 at January 1, 2016
Sales Charge Trailer Fee Commissions: 0%
Management Fee: 2% Annual.
Administrative Expenses: Administrative and accounting expenses payable by the Fund.
Purchase of Units: Once monthly, on the last trading day of the month.
Redemption of Units: Once monthly, on the last trading day of the month.
RRSP Eligibility: Yes.
Pension Eligibility: Yes.
Redemption Charge: 2% - Charge expires 18 months from date of purchase.Charges reinvested back into the Fund for the benefit of all existing unit holders.
Distributions: Net Income and Net Capital Gains – annually at December 31.
Custodian: Laurentian Bank Securities
Fund Accounting: SGGG Fund Services Inc.
Fund Record Keeping: SGGG Fund Services Inc.
Auditors: Deloitte LLP
Trustee: TSX Trust Company
2016 Value Contrarian Asset Management