Quorum Secured Equity Trust
Fund Price: $29.46 (as at June 30, 2010) 30 day chg: -0.15% YTD: -14.73%
Returns as at June 30, 2010
| Fund | Group Avg | Index* | |
|---|---|---|---|
| 1 Month | -0.15% | -3.09% | -3.01% |
| 3 Months | -11.01% | -6.07% | -5.73% |
| 6 Months | -14.73% | -1.29% | 1.25% |
| 1 Year | -29.37% | 26.83% | 39.10% |
| 2 Year Avg | -30.32% | -5.98% | -1.68% |
| 3 Year Avg | -28.00% | -6.53% | -5.05% |
| 4 Year Avg | -15.34% | -0.78% | 1.11% |
| 5 Year Avg | -12.33% | 3.25% | 5.62% |
| 10 Year Avg | - | 5.47% | 7.52% |
| 15 Year Avg | - | 8.78% | 8.61% |
| 20 Year Avg | - | 9.79% | 8.90% |
| Since Inception | -11.39% | - | - |
| 2009 | -1.66% | 51.17% | 75.10% |
| 2008 | -62.25% | -40.80% | -46.61% |
| 2007 | 54.71% | 6.87% | 2.01% |
| 3 year risk | 32.52 | 25.26 | 28.96 |
| 3 year beta | 0.27 | 0.81 | 1.00 |
*BMO Nesbitt Burns Cdn Small Cap Index
Growth of $10,000
Risk Measures as at June 30, 2010
Best/Worst 12 months (since inception)
| Best (ending Aug 07): | 77.13 |  |  |
| Worst (ending Dec 08): | -62.25 |  | |
Volatility meter (Based on 3 year standard deviation from Globefund.com)
Low
High Fund Objectives
The Quorum P.I.P.E. Trust ("QPIPE") will apply Quorum's proven PIPE investment strategy of investing in target micro-cap/small-cap public companies having significant gaps between their market capitalization and intrinsic value, with the objective of generating significant capital appreciation for investors in the medium term (3 to 4 years). This strategy will focus on a limited number of financially stable companies with recurring revenues and proven customer base. The fund will not target companies with revenues of less than $10 million, unless deemed by Quorum to be of exceptional investment potential. All investments will be structured as secured convertible debentures with a premium conversion price feature that is designed to lower investors risk without compromising upside potential.
Fund Facts
| Fund Sponsor: | Quorum P.I.P.E. Management Inc. |
| Managed by: | Quorum Expansion Capital Mgmt Inc |
| Fund Type: | Other |
| Inception Date: | December 2004 |
| Asset Class: | Canadian Small or Mid Cap Equity |
| Quartile Rank: | 4 (3YR ending June 30, 2010) |
| Total Assets: | N/A |
| Mgmt Exp. Ratio (MER): | - |
| Management Fee: | 2.95% |
| Load Type: | Front End |
- Globe 5-Star Rating:
- RRSP Eligible:
- Canadian
- Min. Invest (initial):
- $25,000
- Subsequent:
- -
- Min. Invest (initial RRSP):
- $25,000
- Subsequent RRSP:
- -
- Closed:
- Yes
- Restricted:
- Yes
- Restriction:
- Not Available in AL,SA,MA,NB,NS,NF,PEI,YK,NWT,NUV (Min Initial Investment $25,000)
Asset Allocation
Equity Sector Weightings
Fund Geography
Top Holdings
Distribution Report (18 months up to July 29, 2010)
Frequency of Income Distributions: Quarterly
Frequency of Capital Gain Distributions: None
| Date | Income Dividend | Capital Gain | Total (Current Period) | Trailing 12-Months Total | Reinvestment Price |
|---|---|---|---|---|---|
| Jun 30, 2010 | 0.4548 | 0.4548 | 7.4873 | 29.456 | |
| Apr 30, 2010 | 0.4535 | 0.4535 | 7.5816 | 29.941 | |
| Dec 31, 2009 | 6.0499 | 6.0499 | 7.6778 | 35.609 | |
| Sep 30, 2009 | 0.5291 | 0.5291 | 2.1689 | 47.300 | |
| Jun 30, 2009 | 0.5491 | 0.5491 | 2.1835 | 50.853 | |
| Mar 31, 2009 | 0.5497 | 0.5497 | 2.1781 | 43.309 |
Portfolio Manager(s)
Wanda Dorosz
Quorum Expansion Capital Mgmt Inc
Start Date: December, 2004
Fund Return: -11.39%
Wanda is a founder and Chairman and CEO of Quorum Group of Companies since September 1987. The Quorum Group of Companies is a North American-based funds manager with extensive experience in both technology-based investing and real estate funds management, and has managed over $300 million since 1987. From July 1981 until August 1987 Ms. Dorosz was a Partner at Dorosz Barristers & Solicitors, a Toronto based law firm specializing in tax and corporate finance issues primarily related to Canadian and U.S. technology companies. From 1976 to 1981, Ms. Dorosz was a lawyer at Goodman & Goodman specializing in tax law. Ms. Dorosz is currently a director of numerous private, public and not-for-profit organizations including Quorum Group of Companies, York University Schulich Business School Advisory Board, Top 40 Under 40 Board of Directors. ). Ms. Dorosz received received an LLB first Quartile from the University of British Columbia graduating in 1975.
View fund manager performance report
Dan Pembleton
Accilent Capital Inc.
Start Date: December, 2004
Fund Return: -11.39%
Dan founded Accilient Capital Management Inc., a firm focusing on development and management of investment products, in 2002. He has been registered as an Investment Counsel and portfolio manager since that time. Prior to that he was a Vice President, Money Markets Global Markets at RBC DS trading in the money markets since 1994. His expertise is in economic analysis, global capital flows, financial modeling and securities analysis. Dan has an Honours BA in economics from Brock University (1992), an MBA from the Ivey School of Business (1994) and has been a Chartered Financial Analyst since 1997.
