Investment Discipline
Tom Dicker and Eric Benner take a quality-value approach to stock selection that places emphasis on bottom-up fundamental research and valuation. They seek to invest in dividend-paying U.S. companies that are dominant within their industries thanks to enduring competitive advantages, strong balance sheets and best-in-class management teams.
Bill McLeod and Oscar Belaiche follow a capital protection philosophy in targeting primarily high quality “best-in- class” Canadian businesses with sustainable dividend income and the potential for dividend growth.
David Fingold employs a deliberately different, disciplined and opportunistic approach to investing and targets companies with high free cash flow generation, dividend growth and strong balance sheets.
Eric Benner uses bottom-up fundamental research to find businesses with sustainable competitive advantages and proven cash flow-generating abilities.
Marc-André Gaudreau offers exposure to a broad range of credit asset classes using a rigorous security selection process and a full range of risk management tools to protect capital.
Derek Amery focuses on high quality Canadian issuers. He tactically manages duration, sector allocation and foreign currency exposure utilizing a broad range of risk management tools.
Romas Budd uses a combination of investment strategies to generate risk adjusted total returns through both interest income and capital gains.
The Oversight Committee is responsible for monitoring at both the manager level and the overall Pool level.
Portfolio Management
Literature
Calendar Returns (%) As at 07/31/19
|
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary. |
Compound Returns (%) As at 07/31/19
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary. |
Asset
Allocation
| As at 06/30/19 |
|---|
Geographic
Allocation
| As at 06/30/19 |
|---|
Sector
Allocation
| As at 06/30/19 | As at 12/31/18 |
|---|
Top 10 Equity Holdings (%)
| As at 06/30/19 | |
|---|---|
| Microsoft Corporation | 1.9 |
| McDonald's Corporation | 1.5 |
| Visa Inc., Class "A" | 1.4 |
| BELIMO Holding AG | 1.3 |
| Interroll Holding AG | 1.2 |
| Danaher Corporation | 1.1 |
| Elbit Systems Ltd. | 1.1 |
| Automatic Data Processing, Inc. | 1.0 |
| Progressive Corporation (The) | 1.0 |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.9 |
| Total allocation in top holdings | 12.4 |
Top 10 Bond Holdings (%)
| As at 06/30/19 | |
|---|---|
| Government of Canada, 2.25% Jun. 01 29 | 3.0 |
| Canada Housing Trust, 1.25% Jun. 15 21 | 1.4 |
| Dynamic Investment Grade Floating Rate Fund, Series "O" | 1.1 |
| Government of Canada, 5.75% Jun. 01 33 | 1.1 |
| Canada Housing Trust, 2.65% Dec. 15 28 | 0.8 |
| Canada Housing Trust, 2.10% Sep. 15 29 | 0.7 |
| Canada Housing Trust, 2.65% Dec. 15 28 | 0.7 |
| Province of Ontario, 2.90% Jun. 02 49 | 0.7 |
| Canada Housing Trust, 2.90% Jun. 15 24 | 0.6 |
| United States Treasury, 2.625% Feb. 15 29 | 0.6 |
| Total allocation in top holdings | 10.7 |
Dynamic Preferred Pricing
| Management fee rates are applied back to dollar one | |
|---|---|
| Fund Value | % |
| $0K - $250K | 1.650 |
| $250K - $1MM | 1.575 |
| $1MM - $5MM | 1.525 |
| $5MM + | 1.475 |