WHAT ARE WE LOOKING FOR? Most equity mutual funds reveal their top holdings at the end of every quarter. Some will do so monthly. It's worth perusing them for stock tips. You might even become interested enough to invest in the fund. Today, we look at the $99-million PH&N Vintage Fund-A . This Canadian focused equity fund is not likely to be on your radar screen because it only reopened in late June, after being closed to new investors since 1993. Judging by its performance lately, it appears to be aging well. MORE ABOUT THE FUND The fund, co-managed by Donald Anderson and Andy MacDonald since 2006, has posted an impressive one-year return of 17.1 per cent for the year ended June 30. As of last Friday, it was the top performer in its category this year. The fund had climbed 8.5 per cent, compared with a 2.3-per-cent loss for the S&P/TSX Composite Index. While Canadian focused equity funds only need to be 50 per cent in domestic stocks, Vintage-A has about 89 per cent in Canadian securities. This fund targets stocks that should benefit from themes ranging from the growing global demand for food and the end of disinflationary times, to energy equivalency and wireless mobile Internet. SO WHAT DID WE TURN UP? Vintage-A, which is the most aggressive of the PH&N family of funds, has an eclectic mix of stocks, ranging from Canadian junior miner Goldsource Mines Inc. to U.S. semiconductor giant Intel Corp. Goldsource, which discovered thermal coal in Saskatchewan this year while exploring for diamonds, has seen its stock soar 3,057.9 per cent this year. Intel is a way to play the wireless mobile Internet theme. Alliance Grain Traders Income Fund , whose operating company is the largest Canadian exporter of pulse crops like lentils, is a play on the fund's agriculture theme. It is up 57.8 per cent this year. U.S.-listed Dollar Financial Corp. , which runs the Money Mart payday loan business and cheque-cashing services, has seen its shares beaten up in the wake of pummelling taken by U.S. financial stocks from the subprime mortgage and credit crunch woes. "It [Dollar]trades at less than 10 times earnings, and has grown its earnings at 20 per cent for five years," manager Donald Anderson says. "It's the proverbial baby thrown out with the bathwater." The fund also holds the Horizons Betapro NYMEX crude oil bear plus ETF , which gives double the daily inverse return. "This is to hedge our energy exposure [23 per cent of the fund]," he says. "It is not necessarily a call [on the price of oil] Crude has had a huge run this year, and we really felt that there was some substantial near-term, downside risk."
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