Edgepoint Edgepoint2

A concentrated collection of quality Canadian businesses with growth potential.

EdgePoint Canadian Portfolio
Overview
Fees & codes
Historical prices
Investment results
Calendar-year returns
Distributions
SWP
Materials
Investment approach
The Portfolio seeks to provide long-term capital appreciation by investing primarily in Canadian companies with strong competitive positions, defendable barriers to entry, long-term growth prospects and competent management teams.

Our team of portfolio managers acquires ownership stakes in these companies at prices below its assessment of their true value and may also invest in foreign securities, which won’t typically exceed 15% of the Portfolio’s net assets at the time of purchase.

Learn more about our investment approach
Top 10 holdings
As at June 30, 2019
Sector allocation
As at June 30, 2019
Sector
Portfolio (%)
Diversified Financials
17.49%
Consumer Discretionary
12.49%
Information Technology
11.57%
Energy
11.47%
Materials
10.05%
Insurance
8.72%
Real Estate
8.18%
Industrials
6.86%
Banks
5.94%
Cash and other net assets
2.97%
Consumer Staples
2.54%
Health Care
1.10%
Corporate Bonds
0.62%
Total
100.00%
Portfolio information
For the quarter ended June 30, 2019
Start date
November 17, 2008
Start date (non-HST series)
August 3, 2010
Total assets
$1.9 billion
Category
Canadian Equity
Minimum investment
$20,000
Market cap†
$20.7 billion
Number of holdings
66
Distributions
Annual
Risk profile
Moderate risk
†Weighted average in C$, excluding fixed income and cash.
EdgePoint of view
Sector breakdown: Provided only because the industry feels it helps explain portfolio diversification and risk. We believe risk is best managed by diversifying by business idea rather than using traditional sector allocations.

Risk profile: Risk is typically defined as standard deviation or volatility compared to an index. While we follow this methodology due to regulatory requirements and classify the Portfolio risk as moderate, we view real risk as the potential for a permanent loss of capital. By this measure, we believe portfolio risk is further reduced.

Taxes: Outside of the management fee, taxes are the biggest component of the Portfolio’s management expense ratio (MER).

Low-cost operation: With a focused product offering and no expensive marketing campaigns, we’re able to pass on savings to our investors through lower MERs, ultimately resulting in higher investment returns.

Portfolio: We use “portfolio” rather than “fund” because we believe this better represents the diversification our products offer.

Alignment: EdgePoint employees are among our largest investors.

Investment team

Your investment team brings diverse investment experience, perspectives and skills to the table. They work together, take ownership of their investment ideas and tap into their past experiences where they fulfilled a variety of diverse mandates. Their team-based mindset also allows them the time and freedom to conduct the kind of extensive legwork required to really get to know a business inside and out.

Click below to find out more about the team's members.

Andrew Pastor, Derek Skomorowski, Frank Mullen, Geoff MacDonald, George Droulias, Jason Liu, Sydney Van Vierzen,Ted ChisholmTracey Chen, Tye Bousada

We believe fees matter and so should you. Learn more about EdgePoint Canadian’s MERs.

Series Sales charge option Fund code Management fee MER TER
XManagement fee:
This component of the MER is what you pay us and your financial advisor for investment and financial services.
XMER:
A management expense ratio (MER) is what you pay to own a mutual fund. This fee compensates EdgePoint and your financial advisor for a range of services including operational costs and taxes. It's not charged directly to you but deducted from your investment returns.

Figures as at December 31, 2018.
XTER:
The trading expense ratio (TER) represents the trading expenses incurred by the Portfolio. These expenses aren't included in the MER but they're still costs borne by the investor and reduce returns. The total cost of ownership is the sum of the MER plus the TER.

Figures as at December 31, 2018.
A FE EDG108 1.80% 2.14% 0.11%
XFE = Front end:
A negotiated sales charge between 0% and 5% paid to your financial advisor at the time of purchase and deducted from the amount you buy.
A(N), non HST FE EDG1081 1.80% 1.97% 0.11%
XFE = Front end:
A negotiated sales charge between 0% and 5% paid to your financial advisor at the time of purchase and deducted from the amount you buy.
XNon-HST series are available only to investors in non-HST participating provinces. Learn why this matters.
B* LL EDG308 2.00% 2.38% 0.11%
XLL = Low load:
When you buy Series B units, you don't pay a sales charge at the time of purchase but you have to pay a redemption fee if you redeem within three years of your purchase date.
Redemption fee schedule:
  • Within 1st year: 3%
  • 2nd year: 2.5%
  • 3rd year: 2.0%
  • Thereafter: 0%
B(N), non HST* LL EDG3081 2.00% 2.21% 0.11%
XLL = Low load:
When you buy Series B units, you don't pay a sales charge at the time of purchase but you have to pay a redemption fee if you redeem within three years of your purchase date.
Redemption fee schedule:
  • Within 1st year: 3%
  • 2nd year: 2.5%
  • 3rd year: 2.0%
  • Thereafter: 0%
XNon-HST series are available only to investors in non-HST participating provinces. Learn why this matters.
F FB/AF EDG508/608 0.80% 0.99% 0.11%
XFB = Fee based:
There are no sales charges for Series F units. This series is available only if you have a fee-based arrangement with your financial advisor.

AF = Advisory fee:
You negotiate and pay your representative’s firm an investment advisory fee for the ongoing advice you receive. The fee is paid by redeeming some of your Fund units quarterly.

High-net worth pricing starting at $20,000. Learn about our commitment to low fees for all of our investors.
F(N), non HST FB/AF EDG5081/6081 0.80% 0.92% 0.11%
XFB = Fee based:
There are no sales charges for Series F units. This series is available only if you have a fee-based arrangement with your financial advisor.

AF = Advisory fee:
You negotiate and pay your representative’s firm an investment advisory fee for the ongoing advice you receive. The fee is paid by redeeming some of your Fund units quarterly.


High-net worth pricing starting at $20,000. Learn about our commitment to low fees for all of our investors.
XNon-HST series are available only to investors in non-HST participating provinces. Learn why this matters.
*Closed for new purchases 
Series Closing price $ daily change % daily change
A -- -- --
A(N), non HST -- -- --
B* -- -- --
B(N), non HST* -- -- --
F -- -- --
F(N), non HST -- -- --

Returns greater than one year are annualized.

*Closed for new purchases

We measure investment success over periods of ten years or more and believe it takes considerable skill to consistently add value over the long term.  As such, we place little value in the short-term investment results shown.

RETURNS AS AT
Series YTD 1-year 3-year 5-year 10-year Since inception Inception date
A -- -- -- -- -- -- November 17, 2008
A(N), non HST -- -- -- -- -- -- August 3, 2010
B* -- -- -- -- -- -- November 17, 2008
B(N), non HST* -- -- -- -- -- -- August 3, 2010
F -- -- -- -- -- -- November 17, 2008
F(N), non HST -- -- -- -- -- -- August 3, 2010

Returns greater than one year are annualized.

*Closed for new purchases

We measure investment success over periods of ten years or more and believe it takes considerable skill to consistently add value over the long term.  As such, we place little value in the short-term investment results shown.

Series 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Inception date
A -16.34% 9.52% 23.50% -4.27% 9.39% 26.27% 8.85% -7.80% 16.56% 50.21% November 17, 2008
A(N), non HST -16.20% 9.71% 23.70% -4.11% 9.56% 26.48% 9.03% -7.63% 12.98% -- August 3, 2010
B* -16.55% 9.24% 23.17% -4.54% 9.10% 25.96% 8.60% -8.02% 16.33% 49.94% November 17, 2008
B(N), non HST* -16.41% 9.43% 23.37% -4.39% 9.21% 26.17% 8.78% -7.86% 12.93% -- August 3, 2010
F -15.38% 10.79% 24.93% -3.16% 10.64% 27.76% 10.13% -6.67% 17.87% 52.06% November 17, 2008
F(N), non HST -15.31% 10.88% 25.02% -3.09% 10.73% 27.85% 10.21% -6.62% 13.47% -- August 3, 2010

Calendar-year performance during the year of inception is calculated from the inception date to the end of the year.

*Closed for new purchases

Throughout the year, EdgePoint Canadian receives dividends from Canadian and foreign stocks, and capital gains when securities are sold at a profit. Income and capital gains are paid out to investors in cash or reinvested in additional units at their discretion.

Portfolio distributions are paid annually in December.

DATE
Series Income Capital gains Total
*Closed for new purchases 
EdgePoint SWPs – Money Now, Money Later
Edgepoint
 
As much as investing is about delaying immediate gratification for future gain, a systematic withdrawal plan (SWP) done right can offer investors both. Very simply, a SWP lets you automatically take money out of your investment on a regular basis. If that investment is growing, a SWP provides a disciplined way to meet your income needs while you continue to build wealth. Example: You invested $100,000 on EdgePoint Global Portfolio’s start date and immediately began redeeming $500 per month. Annually, this represented 6% of your original $100,000 investment. Distributions were reinvested. Ten years later, on December 31, 2018, your investment was worth $195,163. Your pre-tax withdrawals over that timeframe amounted to $60,500.

 

Date Total annual redemption Cumulative return of capital1 Cumulative capital gain/loss2 Cumulative total redemptions Reinvested distributions Cumulative tax liability Portfolio value
17-Nov-08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $100,000.00
31-Dec-08 $500.00 $476.86 $23.14 $500.00 $0.00 $6.19 $104,352.00
31-Dec-09 $6,000.00 $5,188.92 $1,311.08 $6,500.00 $1,170.13 $664.22 $149,332.04
31-Dec-10 $6,000.00 $8,816.70 $3,683.30 $12,500.00 $1,821.84 $1,786.97 $167,490.77
31-Dec-11 $6,000.00 $12,255.90 $6,244.10 $18,500.00 $0.00 $2,472.50 $148,792.67
31-Dec-12 $6,000.00 $15,692.49 $8,807.51 $24,500.00 $0.00 $3,158.72 $155,826.78
31-Dec-13 $6,000.00 $18,679.45 $11,820.55 $30,500.00 $4,148.28 $5,075.80 $190,054.16
31-Dec-14 $6,000.00 $21,323.02 $15,176.98 $36,500.00 $12,964.13 $9,444.82 $201,485.14
31-Dec-15 $6,000.00 $24,191.30 $18,308.70 $42,500.00 $1,422.61 $10,664.01 $187,293.72
31-Dec-16 $6,000.00 $27,045.30 $21,454.70 $48,500.00 $0.00 $11,506.20 $224,527.09
31-Dec-17 $6,000.00 $29,449.18 $25,050.82 $54,500.00 $0.00 $12,468.88 $239,656.42
31-Dec-18 $6,000.00 $31,913.93 $28,586.07 $60,500.00 $6,705.25 $15,210.26 $195,163.43
1 Cumulative return of capital is the difference between the amount withdrawn minus any capital gain/loss from the initial investment to the listed date.
2 Cumulative capital gain/loss is the amount withdrawn attributable to the portfolio’s growth from the initial investment to the listed date, gross of taxes.

 

Whether a SWP make sense for you depends on your personal financial circumstances, your age and risk tolerance. Your financial advisor can help you sort through your options and find the approach that works best for you.

 

 

Performance as at Dec. 31, 2018 Annualized, total returns, net of fees, in C$. YTD 1-year 3-year 5-year 10-year Since inception*
EdgePoint Global Portfolio, Series A -3.42% -3.42% 8.51% 11.32% 13.98% 14.92%
EdgePoint Global Growth & Income Portfolio, Series A -1.18% -1.18% 7.30% 8.94% 11.99% 12.28%
EdgePoint Global Portfolio, Series A -16.34% -16.34% 4.21% 3.45% 10.15% 10.54%
EdgePoint Canadian Growth & Income Portfolio, Series A -10.36% -10.36% 4.74% 3.92% 9.26% 9.30%
* November 17, 2008.

As at December 31, 2018. For illustrative purposes only. Uses Series A Portfolio returns and assumes monthly withdrawals. Assumed tax on income: 53.53%; Canadian dividends: 39.34%; capital gains: 26.77%. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Copies are available from your financial advisor or at www.edgepointwealth.com. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. This is not an offer to purchase. Mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale. This document is not intended to provide legal, accounting, tax or specific investment advice. Information contained in this document was obtained from sources believed to be reliable; however, EdgePoint does not assume any responsibility for losses, whether direct, special or consequential, that arise out of the use of this information. Portfolio holdings are subject to change. EdgePoint mutual funds are managed by EdgePoint Investment Group Inc., a related party of EdgePoint Wealth Management Inc. EdgePoint® and Owned and Operated by InvestorsTM are registered trademarks of EdgePoint Investment Group Inc.
EdgePoint commentary
Updates from our Investment team.
EDGE Facts
Quarterly snapshot of the Portfolio’s holdings and performance.
Market-cap information
Market capitalization breakdown of the Portfolio’s holdings.
Quarterly portfolio disclosure
The Portfolio’s top 25 holdings. 
Fund Facts
Required disclosure mandated by regulators. Updated annually, Fund Facts highlights key information about the Portfolio, including fees and risks, so that you and your advisor can select the investments that are right for you.
Financial statements
Summary of the Portfolio’s financial activities published twice annually.
MRFP
Management Report of Fund Performance published twice annually.
Proxy voting record
How we exercised our vote on corporate matters related to the Portfolio’s holdings.