"It takes 20 years to build a reputation and five minutes to lose it. If you think about that you will do things differently."

Warren Buffett

Value Contrarian Equity Fund (VCEF)

Value Contrarian Asset Management

 

Bank of Commerce Center

1155 boul. René Lévesque West Suite 2500

Montréal, Québec 

H3B 2K4, Canada

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Contact Information

 

Tel: (514) 398-0808

Fax: (514) 398-9602

 

Email: adminasst@valuecontrarian.com

 

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

 

 

 

 

 

 

 

 

 

 

 

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2016 Value Contrarian Asset Management