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Fund Quote

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Fund Price: $9.09 (as at July 29, 2010)  1-day chg: $.0161 0.18%  YTD: -1.91%

Returns as at June 30, 2010

  Fund Group Avg Index*
1 Month -2.62% -0.05% -3.01%
3 Months -2.00% -1.05% -5.73%
6 Months -0.34% -0.79% 1.25%
1 Year 16.04% -3.73% 39.10%
2 Year Avg 13.03% -9.94% -1.68%
3 Year Avg 0.47% -8.73% -5.05%
4 Year Avg 3.37% -6.09% 1.11%
5 Year Avg 3.87% -5.40% 5.62%
10 Year Avg -0.79% -3.63% 7.52%
15 Year Avg - -0.09% 8.61%
20 Year Avg - -1.33% 8.90%
Since Inception -0.75% - -
 
2009 28.64% -4.38% 75.10%
2008 -6.34% -13.70% -46.61%
2007 -10.95% -0.79% 2.01%
 
3 year risk 17.18 10.84 28.96
3 year beta 0.23 0.11 1.00

*BMO Nesbitt Burns Cdn Small Cap Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the BMO Nesbitt Burns Cdn Small Cap Index.

Risk Measures as at June 30, 2010

Best/Worst 12 months (since inception)
Best (ending Oct 09): 47.29 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Jul 08): -24.04 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 Globefund.com)
Low VOLATILITY METER: 17 High

Fund Objectives

Creation of long-term capital appreciation driven by investments in select small to medium-sized Canadian enterprises. Investments are made only in businesses that are considered high-growth investment opportunities pimarily inaccessible through the public market. These investments are primarily done via equity and convertible structures in order to maximize long-term return potential.

Fund Facts

Fund Sponsor: Covington Group of Funds
Managed by: Covington Group of Funds
Fund Type: Other
Inception Date: November 1999
Asset Class: Retail Venture Capital
Quartile Rank: 1 (3YR ending June 30, 2010)
Total Assets: N/A
Mgmt Exp. Ratio (MER): 5.73%
Management Fee: 3.35%
Load Type: Back End
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$25
Min. Invest (initial RRSP):
-
Subsequent RRSP:
-
Closed:
No
Restricted:
Yes
Restriction:
Not Available in BC,AL,SA,MA,PQ,NB,NS,NF,PEI,YK,NWT,NUV
 
 

Asset Allocation

Equity Sector Weightings

Fund Geography

Top Holdings

Symbol Company Name Sector Geographic
Area		 Asset
Type		 % of
Total Assets		   Performance as at July 29, 2010
1 Year Performance (%)
SXC-T SXC Health Solutions - Canada Stock -   109.41 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Cyence International - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Adventus Remediation Technologies - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Bps Inc. - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Egi Financial Holdings Inc. - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Golf Town Income Fund Specialty Stores Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Mmist - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Bte Technologies Inc. - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Linea Marketing Inc. - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Tough N Ready Doors Inc. - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Portfolio Manager(s)

Philip R. Reddon

Covington Group of Funds

Start Date: July, 2005

Fund Return: 3.85%

Phil's responsibilities include analysis of new investment opportunities for the Fund and assisting in the management and monitoring of the Fund's existing investments. Prior to joining Covington in 2002, Phil spent six years at Bank of Montreal Capital Corporation as Managing Director for a $400 million private equity fund. Phil was head of the Technology Investment team, sat on the investment committee and was involved in the investment and approval process for over 60 companies. Prior to BMO Capital, Phil spent six years with the Business Development Bank of Canada.

Also manages:Covington Strategic Capital Fund I, Covington Venture Fd VIII-Cap Prot, Covington Venture Fund IV-New Mille, Covington Venture Fund Inc. Sr I, Covington Venture Fund VI-Ven Prtn, Covington Venture Fund VII-CapFirst, New Generation Biotech Equity-I

View fund manager performance report

Scott D. Clark

Covington Group of Funds

Start Date: July, 2005

Fund Return: 3.85%

Scott is responsible for assessing new business opportunities, negotiation and structuring transactions and advising investee companies. Scott joined Covington in March 2001, with over 15 years of experience in the financial services industry, the last nine of which have been in the private equity field. Prior to joining Covington, Scott was a Vice-President at Harrowston Inc. where he assisted in the formulation of a venture capital investment strategy to expand Harrowston beyond traditional buyouts. Scott was also a Vice-President at Working Ventures Canadian Fund Inc. for 6 years.

Also manages:Covington Strategic Capital Fund I, Covington Venture Fd VIII-Cap Prot, Covington Venture Fund IV-New Mille, Covington Venture Fund Inc. Sr I, Covington Venture Fund VI-Ven Prtn, Covington Venture Fund VII-CapFirst, New Generation Biotech Equity-I

View fund manager performance report