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: National Bank Independent Network Inc.

 

Fund Accounting: SGGG Fund Services Inc.

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Fund Record Keeping: National Bank Independent Network Inc

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Auditors: Deloitte LLP

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Trustee: TSX Trust Company

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