Investment Discipline
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.
Jason Gibbs, 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.
Ryan Nicholl and Tom Dicker 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.
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 04/30/22
YTD 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|
-8.6 | 12.0 | 6.7 | 15.8 | -0.8 | 7.9 | 7.8 | 6.0 |
Compound Returns (%) As at 04/30/22
1 mo | 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | Incep |
---|---|---|---|---|---|---|---|
-3.8 | -5.7 | -5.5 | 0.7 | 4.4 | 5.1 | - | 6.1 |
Asset
Allocation
As at 04/30/22 |
---|
Geographic
Allocation
As at 04/30/22 |
---|
Sector
Allocation
As at 04/30/22 | As at 12/31/21 |
---|
Top 10 Equity Holdings (%)
As at 04/30/22 | |
---|---|
Microsoft Corporation | 2.5 |
Apple Inc. | 2.0 |
UnitedHealth Group Incorporated | 1.5 |
Belimo Holding AG | 1.3 |
Elbit Systems Ltd. | 1.3 |
ConocoPhillips | 1.2 |
Interroll Holding AG | 1.2 |
Azrieli Group Ltd. | 1.1 |
Toronto-Dominion Bank (The) | 1.1 |
Royal Bank of Canada | 1.0 |
Total allocation in top holdings | 14.2 |
Top 10 Bond Holdings (%)
As at 04/30/22 | |
---|---|
Scotia Mortgage Income Fund, Series "I" | 1.2 |
Government of Canada, 1.50% Dec. 01 31 | 1.1 |
Canada Housing Trust, 1.60% Dec. 15 31 | 0.7 |
Government of Canada, 2.00% Dec. 01 51 | 0.6 |
Province of British Columbia, 2.20% Jun. 18 30 | 0.6 |
Canada Housing Trust, 1.75% Jun. 15 30 | 0.5 |
Government of Canada, 0.50%, Nov. 01 23 | 0.5 |
Government of Canada, 2.00% Dec. 01 51 | 0.5 |
Province of Ontario, 2.55% Dec. 02 52 | 0.5 |
Province of Ontario, 1.90% Dec. 02 51 | 0.4 |
Total allocation in top holdings | 6.6 |
Historical Distributions ($/unit)
2022 Apr |
Mar | Feb | Jan | 2021 Dec |
Nov | Oct | Sep | Aug | Jul | Jun | May |
---|---|---|---|---|---|---|---|---|---|---|---|
0.0330 | 0.0330 | 0.0330 | 0.0330 | 0.2836 | 0.0330 | 0.0330 | 0.0330 | 0.0330 | 0.0330 | 0.0330 | 0.0330 |
Dynamic Preferred Pricing
Management fee rates are applied back to dollar one | |
---|---|
Fund Value | % |
$0K - $250K | 0.650 |
$250K - $1MM | 0.575 |
$1MM - $5MM | 0.525 |
$5MM + | 0.475 |