Thornmark Alpha
Fund Price: $14.03 (as at June 30, 2010) 30 day chg: -6.64% YTD: -10.03%
Returns as at June 30, 2010
| Fund | Group Avg | Index* | |
|---|---|---|---|
| 1 Month | -6.64% | -3.29% | -3.71% |
| 3 Months | -11.04% | -5.33% | -5.51% |
| 6 Months | -10.03% | -0.02% | -2.55% |
| 1 Year | 5.04% | 20.53% | 11.95% |
| 2 Year Avg | -0.46% | -5.45% | -8.79% |
| 3 Year Avg | 0.41% | -3.90% | -3.88% |
| 4 Year Avg | 8.21% | 2.78% | 2.18% |
| 5 Year Avg | - | 5.54% | 5.45% |
| 10 Year Avg | - | 6.27% | 3.27% |
| 15 Year Avg | - | - | 8.47% |
| 20 Year Avg | - | - | 8.43% |
| Since Inception | 8.63% | - | - |
| 2009 | 20.66% | 21.87% | 35.06% |
| 2008 | -10.26% | -26.95% | -33.00% |
| 2007 | 20.41% | 11.65% | 9.83% |
| 3 year risk | 19.05 | 23.76 | 21.19 |
| 3 year beta | 0.48 | 0.61 | 1.00 |
*S&P/TSX Total Return
Growth of $10,000
Risk Measures as at June 30, 2010
Best/Worst 12 months (since inception)
| Best (ending Sep 07): | 41.95 |  |  |
| Worst (ending Oct 08): | -22.44 |  | |
Volatility meter (Based on 3 year standard deviation from Globefund.com)
Low
High Fund Objectives
The investment objective of the Alpha Fund is to achieve a high rate of capital appreciation through investments consisting primarily of North American listed and over-the-counter equity securities. The Alpha Fund will execute aggressive trading strategies, actively invest in new issues, initial public offerings and derivative securities, will generally hold no more than 10 securities with the remainder of its assets invested in cash, treasury bills and/or index products and may use leverage to enhance return. Due to the risks inherent in an investment in the Alpha Fund, the Alpha Fund is only suitable for investors with a high tolerance for risk and the ability to withstand significant financial losses, including the loss of their entire investment.
Fund Facts
| Fund Sponsor: | Thornmark Asset Management Inc. |
| Managed by: | Thornmark Asset Management Inc. |
| Fund Type: | Pooled |
| Inception Date: | December 2005 |
| Asset Class: | Miscellaneous |
| Quartile Rank: | 2 (3YR ending June 30, 2010) |
| Total Assets: | $21.3 million |
| Mgmt Exp. Ratio (MER): | 2.49% |
| Management Fee: | 1.35% |
| Load Type: | Front End |
- Globe 5-Star Rating:
- RRSP Eligible:
- Canadian
- Min. Invest (initial):
- $25,000
- Subsequent:
- $5,000
- Min. Invest (initial RRSP):
- $25,000
- Subsequent RRSP:
- $5,000
- Closed:
- No
- Restricted:
- Yes
- Restriction:
- (Min Initial Investment $25,000); Accredited Investors
Asset Allocation May 31, 2010
Equity Sector Weightings May 31, 2010
Fund Geography May 31, 2010
Top Holdings as at May 31, 2010
| Symbol | Company Name | Sector | Geographic Area | Asset Type | % of Total Assets | Performance as at July 29, 2010 1 Year Performance (%) | |||
|---|---|---|---|---|---|---|---|---|---|
| XLY-N | SPDR Cons Discretionary E.T.F. | Investment Companies and Funds | United States | Stock | 9.07 | 25.52 | | | |
| PBG-T | Petrobank Energy and Resources | Oil and Gas Producers | Canada | Stock | 8.56 | 35.96 | | | |
| ADI-N | Analog Devices | Electrical & Electronic | United States | Stock | 5.93 | 8.15 | | | |
| ABX-T | Barrick Gold Corp. | Precious Metals | Canada | Stock | 5.51 | 17.48 | | | |
| AAPL-Q | Apple | Electrical & Electronic | United States | Stock | 5.27 | 61.29 | | | |
| HPQ-N | Hewlett-Packard Co. | Electrical & Electronic | United States | Stock | 4.72 | 10.0 | | | |
| OXY-N | Occidental Petroleum | Integrated Oils | United States | Stock | 4.68 | 11.82 | | | |
| XHB-N | SPDR Homebuilders E.T.F. | Other | United States | Stock | 4.66 | 7.1 | | | |
| PDE-N | Pride International | Oil and Gas Field Services | United States | Stock | 4.49 | -2.59 | | | |
| MSFT-Q | Microsoft | Computer Software & Processing | United States | Stock | 4.28 | 9.37 | | | |
Portfolio Manager(s)
Daniel L. Bain
Thornmark Asset Management Inc.
Start Date: December, 2005
Fund Return: 8.64%
Founded by Daniel in 1998, Thornmark was created to provide specialized investment management services in Canada. Prior to founding Thornmark., Daniel was Chief Investment Officer of a private investment and real estate development company. In the early 90s, Daniel created Thornmark's Value-ShiftTM investment philosophy, which remains a foundation of Thornmark's investment process. With over 15 years of investment management experience, Daniel is a graduate of Queen's University and is a member of the Toronto CFA Society.
Also manages:Counsel Income Managed Portfolio-A, Counsel Managed Portfolio-A, Thornmark Dividend & Income, Thornmark Enhanced Equity
