Overview

Quick Facts

Daily Price

$8.50
-1.45% (-$0.13)
March 22, 2019
7-Day Performance 0.30%
Inception date April 02, 2001
CIFSC category US Equity
AUM1 $156.60 million
MER 1.21% (as at 2018/04/30, includes HST)

Investment Highlights

The Portfolio Managers look for companies that are undervalued or offer the potential for above-average earnings growth. They employ a combination of proprietary financial models and bottom-up fundamental research to identify companies that are selling at what appear to be substantial discounts to their long-term intrinsic value. These companies often have identifiable catalysts for growth, such as new projects or products, business reorganizations or mergers. The Portfolio Managers may use covered call writing to enhance the return on an existing security or to protect it from any perceived short term erosion in market value. Selling covered call options may enhance the current income of the Fund by the amount of premiums received, which may in turn provide lower volatility and downside risk mitigation by partially hedging against a decline in the price of the securities on which they are written.

Why Invest

This Fund offers exposure to a diversified portfolio of primarily U.S. equity securities and employs a covered call overlay to seek stronger risk-adjusted performance. Employing a value approach, based on bottom up fundamental research the portfolio manager focuses on buying attractive business at the right price, looking for securities that are undervalued or offer potential for above average earnings growth. The Investment process is designed to identify and invest in companies with the potential for significant upside and alpha generation potential.

Fund Details

Investment style Value
Distribution frequency2 Annual
Management fee 0.88%
Positions 60
Risk Medium to High
Min. investment $500.00 initial; $25.00 PAC
Sub-advisor Manulife Asset Management (US) LLC
Fund Status Open

Fund Codes (MMF)

F FT DCA
8696 1080

Performance3

Growth of $10,000 since inception

Jump to Range Total return for this timeframe

Compound Returns (%)

1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Inception
3.10 1.43 -3.22 8.49 4.82 11.36 9.76 12.38
1 month 3.10
3 months 1.43
6 months -3.22
YTD 8.49
1 year 4.82
3 years 11.36
5 years 9.76
10 years
Inception 12.38

Calendar Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
5.73 -6.34 15.79 39.44 18.72 13.24 3.64 11.37 -1.18
2009
2010 5.73
2011 -6.34
2012 15.79
2013 39.44
2014 18.72
2015 13.24
2016 3.64
2017 11.37
2018 -1.18

Portfolio Allocation as of January 31, 2019

Asset Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Equities 99.67
Cash and equivalents 0.33

Geographic Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

United States 93.02
Canada 2.82
United Kingdom 1.25
Belgium 1.16
Netherlands 0.97
Switzerland 0.78

Sector Allocation (Equities) (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Information technology 24.88
Financials 16.65
Health care 16.44
Consumer discretionary 14.31
Industrials 7.77
Energy 7.09
Consumer staples 6.00
Telecommunication services 3.53
Real Estate 1.95
Materials 1.38

Top 10 Holdings4 (%)

Name Weight %
Alphabet Inc. 5.49
Amazon.com, Inc. 4.81
Microsoft Corporation 4.19
JPMorgan Chase & Co. 4.05
Apple Inc. 4.01
Cisco Systems, Inc. 3.45
Broadcom Inc. 3.40
Berkshire Hathaway Inc. 3.24
Comcast Corporation 3.23
UnitedHealth Group Incorporated 3.05

Distributions

Effective Date Net Asset Value Income Capital Gain Total Distribution Reinvestment Price
2019/03/22 $8.50
2019/03/21 $8.63
2019/03/20 $8.56
2019/03/19 $8.58
2019/03/18 $8.59
2019/03/15 $8.54
2019/03/14 $8.48
2019/03/13 $8.48
2019/03/12 $8.45
2019/03/11 $8.46
2019/03/08 $8.36
2019/03/07 $8.38
2019/03/06 $8.45
2019/03/05 $8.47
2019/03/04 $8.46
2019/03/01 $8.45
2019/02/28 $8.36
2019/02/27 $8.37
2019/02/26 $8.39
2019/02/25 $8.39
2019/02/22 $8.37
2019/02/21 $8.33
2019/02/20 $8.36
2019/02/19 $8.41
2019/02/15 $8.37
2019/02/14 $8.31
2019/02/13 $8.27
2019/02/12 $8.26
2019/02/11 $8.18
2019/02/08 $8.16
2019/02/07 $8.17
2019/02/06 $8.20
2019/02/05 $8.20
2019/02/04 $8.16
2019/02/01 $8.09
2019/01/31 $8.11
2019/01/30 $8.07
2019/01/29 $7.97
2019/01/28 $7.98
2019/01/25 $8.04
2019/01/24 $7.99
2019/01/23 $8.00
2019/01/22 $7.96
2019/01/21 $8.01
2019/01/18 $8.05
2019/01/17 $7.97
2019/01/16 $7.91
2019/01/15 $7.88
2019/01/14 $7.80
2019/01/11 $7.82
2019/01/10 $7.81
2019/01/09 $7.79
2019/01/08 $7.77
2019/01/07 $7.72
2019/01/04 $7.70
2019/01/03 $7.50
2019/01/02 $7.71
2018/12/31 $7.71
2018/12/28 $7.64
2018/12/27 $7.64
2018/12/24 $7.22
2018/12/21 $7.37
2018/12/20 $7.50
2018/12/19 $7.60
2018/12/18 $7.73
2018/12/17 $7.69
2018/12/14 $7.83
2018/12/13 $7.96
2018/12/12 $7.96
2018/12/11 $7.94
2018/12/10 $7.93
2018/12/07 $7.87
2018/12/06 $8.09
2018/12/05 $8.13
2018/12/04 $8.04
2018/12/03 $8.30
2018/11/30 $8.25
2018/11/29 $8.21
2018/11/28 $8.25
2018/11/27 $8.06
2018/11/26 $8.03
2018/11/23 $7.90
2018/11/22 $7.90
2018/11/21 $7.98
2018/11/20 $7.90
2018/11/19 $8.03
2018/11/16 $8.15
2018/11/15 $8.19
2018/11/14 $8.11
2018/11/13 $8.16
2018/11/12 $8.17
2018/11/09 $8.33
2018/11/08 $8.38
2018/11/07 $8.38
2018/11/06 $8.23
2018/11/05 $8.18
2018/11/02 $8.15
2018/11/01 $8.19
2018/10/31 $8.13
2018/10/30 $8.04
2018/10/29 $7.93
2018/10/26 $7.99
2018/10/25 $8.15
2018/10/24 $7.97
2018/10/23 $8.25
2018/10/22 $8.27
2018/10/19 $8.32
2018/10/18 $8.25
2018/10/17 $8.36
2018/10/16 $8.34
2018/10/15 $8.20
2018/10/12 $8.27
2018/10/11 $8.18
2018/10/10 $8.31
2018/10/09 $8.56
2018/10/05 $8.55
2018/10/04 $8.56
2018/10/03 $8.58
2018/10/02 $8.56
2018/10/01 $8.56
2018/09/28 $8.57
2018/09/27 $8.65
2018/09/26 $8.58
2018/09/25 $8.60

Management

Michael Scanlon
Gary Li

Management Fee Reduction5

Account/Household Value Tiers All Qualifying Investments
$250K+ to $499K 2.5 basis points
$500K+ to $999K 5 basis points
$1M+ to $4.9M 7.5 basis points
$5M+ to $9.9M 10 basis points
$10M+ 12.5 basis points