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Fund Price: $16.33 (as at January 23, 2018)  1-day chg: $.0043 0.03%  YTD: -0.70%

Returns as at December 31, 2017

  Fund Group Avg Index*
1 Month 0.47% -0.36% -0.36%
3 Months 3.43% 1.47% 1.47%
6 Months 4.49% -0.08% -0.13%
1 Year 4.39% 1.81% 1.80%
2 Year Avg 9.96% 1.71% 1.62%
3 Year Avg 4.05% 1.37% 1.40%
4 Year Avg 4.43% 2.55% 2.63%
5 Year Avg 8.64% 1.76% 1.71%
10 Year Avg - 3.36% 3.58%
15 Year Avg - 3.50% 3.76%
20 Year Avg - 4.10% 4.08%
Since Inception 7.36% - -
 
2017 4.39% 1.81% 1.80%
2016 15.84% 1.62% 1.44%
2015 -6.83% 0.84% 0.97%
 
3 year risk 6.52 4.04 3.37
3 year beta 0.00 0.99 1.00

*Globe Canadian Fixed Income Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Fixed Income Peer Index.

Risk Measures as at December 31, 2017

Best/Worst 12 months (since inception)
Best (ending Mar 10): 40.39 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Aug 15): -9.14 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: 7 High

Fund Objectives

The primary investment objective of the Canadian Equity Alpha Corporate Class is to provide capital growth through investments primarily in equity and equity related securities of Canadian companies that the portfolio advisor believes represent good value and have the potential for positive total return. 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: Canadian Fixed Income
Quartile Rank: 1 (3YR ending December 31, 2017)
Total Assets: $194.1 million
Mgmt Exp. Ratio (MER): 2.34%
Management Fee: 1.90%
Load Type: Optional
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 December 31, 2017

Bond Type December 31, 2017

Bond Term December 31, 2017

Top Holdings as at December 31, 2017

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at January 23, 2018
1 Year Performance (%)
ACO.X-T ATCO Ltd. Management and Diversified Canada Stock 5.4   -3.68 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
T-N AT&T Inc. Telephone Utilities United States Stock 5.03   -11.45 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SU-T Suncor Energy Integrated Oils Canada Stock 4.76   12.76 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SNC-T SNC-Lavalin Group Contractors Canada Stock 4.67   -1.34 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
WMT-N Wal-Mart Department Stores United States Stock 4.66   58.89 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada 0.000% 19-Apr-2018 Bond 4.4   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
CNQ-T Canadian Natural Resources Oil and Gas Producers Canada Stock 4.29   14.17 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
L-T Loblaw Companies Food Stores Canada Stock 4.2   -0.64 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
PWF-T Power Financial Corp. Finance and Leasing Canada Stock 4.17   4.18 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
ALA-T AltaGas Ltd. Oil and Gas Producers Canada Stock 4.17   -9.39 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 January 23, 2018)

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 31, 2017 0.1201 0.5749 0.6950 0.6950 15.990

Portfolio Manager(s)

Leigh Pullen, CFA

QV Investors Inc.

Start Date: August, 2008

Fund Return: 6.45%

Leigh founded QVGD Investors Inc. in 1996. He serves as President and Chief Investment Officer. His responsibilities include research analysis and portfolio management. Leigh Pullen has over 35 years experience in the Canadian investment market. From 1966 to 1977, he worked at the Toronto Stock Exchange, IBM Canada, and National Trust Co. Ltd. He left National Trust as Manager of Pension Fund Investments. From 1977 to 1996, Leigh was a partner, analyst, and portfolio manager at Mawer Investment Management, Calgary. Leigh is a past President of the Estate Planning Council of Calgary. He is also a board member of University Technologies International Inc., a technology transfer company owned by the University of Calgary. He is past president of the Calgary Society of Financial Analysts. Leigh's community involvements have included the Calgary Philharmonic Society, Calgary Public Library, and Kelvin Grove Community Association.

View fund manager performance report

Joe Jugovic, CFA

QV Investors Inc.

Start Date: August, 2008

Fund Return: 6.45%

Joe currently has eight years investment management experience. He worked as an investment analyst at a Calgary-based investment management firm before joining QVGD Investors Inc. in February 2000. Joe's primary responsibilities are the management of the small cap institutional portfolios. Along with the research team, he is responsible for equity selection and portfolio risk monitoring. Joe is a member of the Association for Investment Management and Research and the Calgary Society of Financial Analysts.

Also manages:QV Global Equity, SW Elite CI PSS i30/e70 Pt 100/100, SW Elite CI PSS i60/e40 Pt 100/100, SW Elite CI PSS i80/e20 Pt 100/100

View fund manager performance report