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Fund Price: $27.76 (as at July 24, 2014)  1-day chg: $.0223 0.08%  YTD: 8.82%

Returns as at June 30, 2014

  Fund Group Avg Index*
1 Month 1.46% 0.11% 0.79%
3 Months 3.59% 4.17% 3.50%
6 Months 8.30% 11.38% 8.93%
1 Year 7.34% 14.45% 11.77%
2 Year Avg 5.56% 13.48% 5.80%
3 Year Avg 8.32% 10.65% 6.59%
4 Year Avg 12.30% 13.58% 11.56%
5 Year Avg 16.13% 14.00% 15.22%
10 Year Avg 8.33% 8.49% 5.53%
15 Year Avg 9.34% 8.57% 6.71%
20 Year Avg - - -
Since Inception 7.26% - -
 
2013 -2.69% 6.75% -0.56%
2012 18.97% 21.71% 15.19%
2011 6.08% -3.30% 3.77%
 
3 year risk 8.75 11.20 8.60
3 year beta 0.91 0.92 1.00

*S&P/TSX Capped Real Estate Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the S&P/TSX Capped Real Estate Index.

Risk Measures as at June 30, 2014

Best/Worst 12 months (since inception)
Best (ending Mar 10): 57.91 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Nov 08): -41.15 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 9 High

Fund Objectives

The investment objective of the fund is to provide long-term growth through capital appreciation by investing primarily in the Canadian real estate industry.

Fund Facts

Fund Sponsor: CIBC Securities Inc.
Managed by: CIBC Securities Inc.
Fund Type: MF Trust
Inception Date: August 1997
Asset Class: Real Estate Equity
Quartile Rank: 4 (3YR ending June 30, 2014)
Total Assets: $53.4 million
Mgmt Exp. Ratio (MER): 2.96%
Management Fee: 2.25%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$25
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$25
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation September 30, 2013

Equity Sector Weightings September 30, 2013

Fund Geography September 30, 2013

Top Holdings as at September 30, 2013

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at July 24, 2014
1 Year Performance (%)
REF.UN-T Cdn. Real Estate Investment Property Mgmnt & Investment Canada Stock 5.51   11.64 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
BAM.A-T Brookfield Asset Management Management and Diversified Canada Stock 5.33   22.5 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
AP.UN-T Allied Properties REIT Property Mgmnt & Investment Canada Stock 4.87   11.7 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
FCR-T First Capital Realty Property Mgmnt & Investment Canada Stock 4.43   8.08 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
REI.UN-T RioCan Real Estate Investment Property Mgmnt & Investment Canada Stock 3.87   13.26 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
PLD-N Prologis, Inc. Investment Companies and Funds United States Stock 3.5   5.04 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
KMP-T Killam Properties Inc Property Mgmnt & Investment Canada Stock 3.5   -3.28 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
AAR.UN-T Pure Industrial Real Estate Property Mgmnt & Investment Canada Stock 3.3   2.36 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
BEI.UN-T Boardwalk REIT Property Mgmnt & Investment Canada Stock 3.2   11.75 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
CUF.UN-T Cominar REIT Property Mgmnt & Investment Canada Stock 3.16   -5.93 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Portfolio Manager(s)

Derek Warren

Morguard Financial Corp.

Start Date: January, 2013

Fund Return: 3.26%

Mr. Warren is Assistant Portfolio Manager of the Investment Manager. Mr. Warren joined Morguard Investments Limited in 1998 where he assisted in the structuring of direct property transactions on behalf of Morguard�s pension fund clients. Mr. Warren has a broad set of skills that has allowed him to be involved in various aspects of the parent company, including corporate governance, compliance, information systems, banking, reporting, and investor relations. Mr. Warren holds a Canadian Investment Manager (CIM) designation and is actively engaged in all aspects of the Investment Manager�s research and analysis process. These include due diligence, financial and risk analysis, as well as all facets of corporate and regulatory compliance.

View fund manager performance report