Trapeze Value Class

Invest in this fund because of our…

  • Focused, high conviction portfolio which seeks to emphasize our best ideas; influenced by our macro perspectives and may be concentrated in certain securities, sectors and jurisdictions depending on their attractiveness.
  • All-capitalization orientation, seeking value in large, medium or small cap companies.
  • Proprietary methodologies which attempt to identify optimal buy and sell levels.
  • Ability to use short selling and options strategies for hedging or investment purposes with a view to maximizing risk-adjusted returns.

Investment philosophy

To identify specific investment opportunities, we employ fundamental analysis to identify investment opportunities with the potential for capital appreciation over the long term.  The portfolio managers seek out significantly undervalued companies, backed by strong management teams and solid business models that can benefit from both industry and macro-economic trends.  The Fund may follow a more concentrated investment approach, and from time to time overweight certain industry sectors and asset classes, when deemed appropriate by the portfolio managers. Although it is the intention to invest the majority of the Fund's assets in entities with large and medium capitalization, the portfolio managers may overweight small cap securities depending upon their relative value compared to securities with larger capitalization.

Risk classification

When you invest in a Fund, the value of your investment can go down as well as up.  The Fund Manager, Redwood Asset Management, has rated this Fund’s risk as medium to high. Investors should have a medium to high risk tolerance, with the expectation of higher long-term returns, which requires the ability to assume short-term volatility over a long-term horizon.

DISCLAIMER
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing which summarizes the Fund's objectives, fees, expenses, and associated risks. The average annual compound returns include changes in unit value and reinvestment of all distributions to the end of the month listed on this document and do not take into account sales, redemption or optional charges or income tax payable by any investor that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Portfolio Managers

Randall Abramson
Herb Abramson

Fund information

Inception Date January 2008
Series A Code SCI 600  
Series F Code SCI 601
Mgt Fee Series A 2.50%
Mgt Fee Series F 1.50%
Portfolio Manager Trapeze Asset Management Inc.
Pricing Daily
Minimum Investment $5,000
Auditor Deloitte
Fund Administrator KeiData Back Office Solutions Inc.

Sales Charges

Sales Charge Option Initial Sales Charge
What You Pay Up to 4% of the amount purchased.
How it Works This rate is decided between the investor and the advisor.  This sales charge is deducted from the amount purchased as a commission for the investment firm.

Trailing Commissions

The Fund pays a trailing commission for as long as the Fund is owned for the services and advice provided by the investment firm.  Investment firms may pay part of the trailing commission to their advisors.  This commission of up to 1% of the value of each investment each year is paid out of the management fee.

Other Fees

Investors may have to pay other fees when units of the Fund are sold or switched. See Redwood Asset Management for more information.

Ongoing Fund Expenses

These expenses are not paid directly, they are subtracted from the return received on an investment.

  Management Fee
Series A 2.50%
Series F 1.5%

Performance Fee:  10% of return greater than the benchmark, the S&P/TSX Composite Total Return Index.

Click for detailed performance information on the “Trapeze Value Class” fund from the Globe and Mail.
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