EdgePoint Monthly Income Portfolio
A collection of predominantly high-quality Canadian fixed income securities that provides a combination of income growth and capital appreciation.
Investment approach
To achieve its investment objective, the Portfolio Manager seeks to invest primarily in fixed income securities that provide a return through coupon payments, dividend payments, interest, and capital appreciation while focusing on the borrower’s (bond issuer’s) ability to meet its debt obligations, through the payment of periodic coupons and the return of the principal at maturity.
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.
Alex O'Hara, Andrew Pastor, Claire Thornhill, Derek Skomorowski,
Drake Belanger-Polak, Frank Mullen, Geoff MacDonald, George Droulias, Jason Liu, Jeff Hyrich, Steven Lo, Sydney Van Vierzen, Tracey Chen, Tye Bousada
| Top 10 holdings |
|---|
| TWDC Enterprises 18 Corp., 3.057%, due 2027/03/30 |
| Nestle Holdings Inc., 2.192%, due 2029/01/26 |
| Constellation Software Inc., floating debenture, due 2040/03/31 |
| Canadian Natl Railway, 3.5%, due 2030/06/10 |
| Mcdonald's Corp., 4.107%, due 2032/08/21 |
| Canadian Pacific Railway Ltd., 2.54%, due 2028/02/28 |
| Canadian Pacific Rr Co., 4%, due 2032/06/13 |
| Boyd Group Services Inc., 5.75%, due 2033/09/04 |
| Intact Financial Corp., 3.77%, due 2026/03/02 |
| North West Redwater Prt, 3.2%, due 2026/04/24 |
Asset Allocation
Portfolio Information
Start date
Category
Minimum investment
Distributions
Total assets
Number of issuers
Risk profile - Based on the Canadian Securities Associationʼs mutual fund risk
classification methodology.
EdgePoint of View
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 low, 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.
The Portfolio has a differentiated fee structure that allows us to charge a tiered management fee depending on the interest rate environment.
When rates increase and it’s easier to earn a return, there’s a corresponding increase to the fee we charge. When rates decrease and it’s harder to earn a return, we charge a lower fee, aligning with market conditions and always prioritizing the interests of our unitholders.
Below is the current indicative MER, which is intended to provide investors with more timely insight into fund costs, recognizing that MERs can fluctuate during the year due to the fee structure of the fund.
| Sales charge option | Fund code | 2Current Management fee | 3Current Indicative MER | 4TER |
|---|---|---|---|---|
| 6FE | EDG118 | 1.00% | 1.19% | - |
| FE | EDG1181 | 1.00% | 1.10% | - |
| 9NL | EDG518/618 | 0.40% | 0.51% | - |
| NL | EDG5181/6181 | 0.40% | 0.47% | - |
Show footnotes
1Series:
EdgePoint offers different Series for our Portfolios to meet client-specific needs. All Series are subject to the “Minimum investments” amount defined in the Simplified prospectus.2Current Management fee:
Series A/A(N): The management fee is the portion of the Management Expense Ratio (MER) that compensates the fund manager for investment management services and includes a trailing commission paid to your advisor’s dealer for ongoing advice and service. The current management fee is tiered based on the prevailing interest rate environment.
Series F/F(N): The management fee is the portion of the Management Expense Ratio (MER) that compensates the fund manager for investment management services. Unlike Series A, Series F units do not include trailing commissions, as they are designed for investors in fee-based or advisory accounts where compensation for advice is paid directly to the advisor under a separate agreement. The current management fee is tiered based on the prevailing interest rate environment.
3Current Indicative MER:
MER stands for Management Expense Ratio. It represents the annual cost of owning a mutual fund, expressed as a percentage of the fund’s average assets. It covers management fees, operating expenses, and taxes.
It's not charged directly to you but deducted from your investment returns.
For Series A/A(N), the MER includes a trailing commission paid to your advisors’ dealer for ongoing advice and services. For series F/F(N), the MER does not include trailing commissions.
The “Current Indicative MER” is a measure of the fund’s Management Expense Ratio that reflects the current management fee structure based on prevailing interest rates. Unlike the historical published MER disclosed in the Management Report of Fund Performance (MRFP) which is calculated over the Fund’s most recently completed financial year, the Indicative MER is a forward-looking measure which incorporates changes in tiered management fees resulting from movements in the interest rate environment.
The Indicative MER is calculated using the same methodology as the prescribed MERs, provided for information purposes only and is not a substitute for the required annual or interim MERs.
4TER:
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 borne by the investor and reduce returns. The total cost of ownership is the sum of the MER plus the TER. There is no TER for fixed income funds because trading costs are embedded in bond bid-ask spreads rather than paid as explicit commissions, making them implicit rather than reportable.5Series A:
Series A is available to all retail investors on a front-end sales charge basis. EdgePoint pays trailing commissions to your financial advisor’s dealer.6FE = 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.7Non-HST:
Non-HST series are available only to investors in non-HST participating provinces.8Series F:
Series F is available to investors in a fee-based/advisory fee arrangement. EdgePoint doesn’t pay any trailing commissions to dealers.
For fee-based series codes starting with “5”, you pay an amount to your financial advisor’s dealer firm directly, as specified in your fee-for-service arrangement with them. For fee-based series codes starting with a “6”, the fee is collected by EdgePoint and paid directly to your financial advisor’s dealer through quarterly client account redemption of units.9NL = No load:
There are no sales charges for Series F units.
High-net worth pricing starting at $20,000. Learn about our commitment to low fees for all of our investors.
Management Fee Structure
The Portfolio features a tiered management fee based on the prevailing interest rate environment. This approach ensures that the fee you pay reflects current market yields.
How It Works
Management fees are set at the start of each calendar quarter.
The fee is determined with reference to the daily average yield to maturity of the FTSE Canada Universe Bond Index (“Reference Rate”) from the previous quarter.
| Reference rate (FTSE Canada Universe Bond Index yield-to-maturity) | Management Fee - Series F/F(N) | Management Fee - Series A/A(N) |
|---|
Current Quarter Fees
(January 1, 2026 – March 31, 2026)
Management Fee:
Series A/A(N): 1.00%
Series F/F(N): 0.40%
Reference Rate: 3.42% (Oct 1, 2025 – Dec 31, 2025)
The MERs and TERs, as disclosed in the most recent Audited Management Report of Fund Performance, are presented in the table below.
| MER | TER |
|---|
The management expense ratio (“MER”) is calculated as the total management fees and operating expenses paid by each series of the Fund, including applicable taxes and interest and excluding commissions and other portfolio transaction costs, as a percentage of the average, daily NAV of each series of the Fund on an annualized basis.
10-year Partner Program
To show our appreciation for our partners who have had the conviction and unwavering long-term view by staying invested with us for 10 or more years, the 10-year Partner Program offers lower management fees.
HISTORICAL PRICES
Show footnotes
1Series:
EdgePoint offers different Series for our Portfolios to meet client-specific needs. All Series are subject to the “Minimum investments” amount defined in the Simplified prospectus.
Show footnotes
1Series:
EdgePoint offers different Series for our Portfolios to meet client-specific needs. All Series are subject to the “Minimum investments” amount defined in the Simplified prospectus.
Throughout the year, EdgePoint Monthly Income Portfolio receives dividends and interest from fixed income securities 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 monthly (income) and annually in December (capital gains).
For more information on distributions, see our articles:
Note: Only Portfolio series with distributions on the selected date are shown. Any Portfolio series or dates not shown did not have a distribution.
Investment results
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.
Show footnotes
1Series:
EdgePoint offers different Series for our Portfolios to meet client-specific needs. All Series are subject to the “Minimum investments” amount defined in the Simplified prospectus.
Calendar-year returns
Total returns in C$
Show footnotes
1Series:
EdgePoint offers different Series for our Portfolios to meet client-specific needs. All Series are subject to the “Minimum investments” amount defined in the Simplified prospectus.