Investment Style

 

The fund invests mainly in high quality equities in North America. Investment decisions are based primarily on rigorous bottom-up fundamental analysis of individual companies. Top-down macro analysis may also be used to determine sector and country allocations.

 

Fund Details

 

• Manager: Desautels Capital Management Inc.

• Custodian: CIBC Mellon

• Legal Advisor: Border Ladner Gervais LLP

• Fund Auditor: Deloitte LLP

• Inception Date: January 2010

• Minimum Investment: $50,000

• Liquidity: Every Friday on 30 days' notice

• Benchmark: 60% S&P TSX,40% S&P500 in CAD

• Management Fee: 1.5% per annum

• Investment Objective: Exceed benchmark return by 150 basis points, net of fees, per year, as measured over a four-year rolling period

• Target Number of Securities: 30 - 60

• Maximum in Emerging Markets: 10%

• Maximum per Individual Stock: 10%

• Maximum in Cash and Cash Equivalents: 10%

• Minimum in Equities: 90%

• Maximum Exposure to Derivatives: The Fund may only use derivatives for hedging purposes

• Leverage: The use of leverage is not permitted

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Our Sectors: