The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Fund Price: $16.32 (as at October 31, 2014)  1-day chg: $.25 1.56%  YTD: 0.58%

Returns as at September 30, 2014

  Fund Group Avg Index*
1 Month -0.43% -1.12% -0.71%
3 Months -1.98% -1.40% -1.14%
6 Months -0.12% -1.00% -0.37%
1 Year 10.95% 10.35% 14.10%
2 Year Avg 22.75% 17.59% 21.77%
3 Year Avg 21.35% 14.58% 17.09%
4 Year Avg 12.96% 7.74% 10.20%
5 Year Avg 12.24% 6.28% 7.99%
10 Year Avg - 3.68% 5.53%
15 Year Avg - 1.56% 2.44%
20 Year Avg - 4.24% 4.62%
Since Inception 8.71% - -
 
2013 38.21% 25.93% 31.81%
2012 24.18% 15.50% 15.34%
2011 -12.45% -12.04% -9.75%
 
3 year risk 9.68 9.99 9.60
3 year beta 0.90 0.93 1.00

*MSCI EAFE ($ Cdn)

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the MSCI EAFE ($ Cdn).

Risk Measures as at September 30, 2014

Best/Worst 12 months (since inception)
Best (ending Nov 13): 38.47 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Dec 11): -12.45 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: 10 High

Fund Objectives

The primary investment objective of the International Equity Growth Corporate Class is to provide long-term capital appreciation primarily through investments in a diversified portfolio of equity and equity-related securities of international issuers which are believed to offer above average growth potential. Equity-related securities include convertible preferred shares, convertible debt obligations and warrants. Any change to the investment objectives must be approved by a majority of the votes cast by shareholders at a meeting called to consider the change.

Fund Facts

Fund Sponsor: United Financial Corporation
Managed by: CI Investments Inc.
Fund Type: MF Corp
Inception Date: August 2008
Asset Class: International Equity
Quartile Rank: 1 (3YR ending September 30, 2014)
Total Assets: $52.0 million
Mgmt Exp. Ratio (MER): 0.01%
Management Fee: 0.00%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$250,000
Subsequent:
$50
Min. Invest (initial RRSP):
$250,000
Subsequent RRSP:
$50
Closed:
No
Restricted:
Yes
Restriction:
(Min Initial Investment $250,000)
 
 

Asset Allocation September 30, 2014

Equity Sector Weightings September 30, 2014

Fund Geography September 30, 2014

Top Holdings as at September 30, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at October 31, 2014
1 Year Performance (%)
- Roche Holdings Biotechnology & Pharmaceuticals Switzerland Stock 1.45   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- AXA Insurance France Stock 1.35   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- B&M European Value Retail Misc. Consumer Products Luxembourg Stock 1.28   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Resona Holdings Inc. Management and Diversified Japan Stock 1.27   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Red Electrica de Espana Electrical Utilities Spain Stock 1.17   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Bayerische Motoren Werke AG Automotive Germany Stock 1.09   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Cheung Kong Holdings Developers Hong Kong Stock 1.04   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
NVO-N Novo-Nordisk Biotechnology & Pharmaceuticals Denmark Stock 1.01   35.54 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to October 31, 2014)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Mar 28, 2014 0.0944 0.0944 0.1724 16.320
Oct 4, 2013 0.0780 0.0780 0.1410 14.820

Portfolio Manager(s)

David K Picton

Picton Mahoney Asset Management

Start Date: December, 2010

Fund Return: 9.36%

David Picton is a founding partner of Picton Mahoney Asset Management. Prior to this, he helped launch Synergy Asset Management in 1997. His experience in the investment industry includes eight years as head of quantitative research at RBC Dominion Securities where he was one of the top ranked analysts in his sector. David holds an Honours Bachelor of Commerce degree from the University of British Columbia. He also received a Leslie Wong Fellowship from UBC's prestigious Portfolio Management Foundation.

Also manages:CI Canadian Small/Mid Cap Class A, CI Synergy American, CI Synergy Canadian Corporate Class, CI Synergy Global Corporate Class, CI Synergy Tactical AA, Picton Mahoney Divers Strategies A, Picton Mahoney Long Short Equity A, Picton Mahoney Market Neutral Cl A, Picton Mahoney Tact Inc Cl F, SW Elite CI PSS e100 Pt 100/100, SW Elite CI PSS i20/e80 Pt 100/100, SW Elite CI PSS i30/e70 Pt 100/100, SW Elite CI PSS i40/e60 Pt 100/100, SW Elite CI PSS i50/e50 Pt 100/100, SW Elite CI PSS i60/e40 Pt 100/100, SW Elite CI PSS i70/e30 Pt 100/100, SW Elite CI PSS i80/e20 Pt 100/100, United Int'l Equity Alpha CC-A, United Int'l Equity Gwth Pool-W

View fund manager performance report

Michael Kuan

Picton Mahoney Asset Management

Start Date: December, 2010

Fund Return: 9.36%

Michael Kuan has 13 years of investment industry experience and is a founding partner of Picton Mahoney Asset Management. He was an investment analyst at Synergy Asset Management since 2002. Michael spent three years at Scotia Capital where he was a Manager of Market Risk. Michael has an MBA from the University of Toronto and holds the Chartered Financial Analyst designation.

Also manages:CI Synergy Global Corporate Class, Picton Mahoney Gl Mkts Neutral Eq-A, Picton Mahoney Glo Long Short Equ-A, Picton Mahoney L/S Emerging Mkts A, United Int'l Equity Alpha CC-A, United Int'l Equity Gwth Pool-W

View fund manager performance report