| Top 10 Holdings
| % of Funds |
|
| Cash
| 5.7% |
| EnCana Corp.
| 5.5% |
| Manulife Financial Corp.
| 4.8% |
| Suncore Energy
| 4.5% |
| Toronto-Dominion Bank
| 4.1% |
| Enbridge Inc.
| 3.9% |
| Sun Life Financial Inc.
| 3.7% |
| Yamana Gold Inc.
| 3.7% |
| Goldcorp Inc.
| 3.7% |
| Bank of Nova Scotia
| 3.5% |
|
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*Benchmark: TSX/S&P 60 Index
**Performance excludes management fees. Past performance is no guarantee of future performance and as with all equity investing, capital can be lost. |
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The primary objective of the Independence Canadian Equity Portfolio is to provide investors with above-average long-term growth, relative to the markets, at a reasonable rate of risk.
Portfolio Objective
- Provide long-term growth at a reasonable level of risk by investing in high quality blue chip Canadian equities.
Portfolio Composition
- Portfolio holdings are limited to Nick Majendie's 60 blue chip company universe with maximum weighting in any one stock of approximately 5%.
- In projected market downturns, investments can be confined to high-dividend yielding common stocks, REITS and royalty trusts, and Reverse Participation Notes (BNS S&P 500 Notes).
Portfolio Management
- The portfolio will be actively managed by Nick Majendie and is designed to be concentrated in a relatively limited number of issues to provide superior returns vis-à-vis the TSX industry average.
- To reduce risk and protect capital, if conditions warrant caution, the portfolio manager may increase cash to maximum of 50% and Reverse Participation Notes to a maximum of 30%.
- The chief portfolio manager personally visits with senior management of the candidate companies twice a year to revise cash flow and earnings estimates.
Performance
- The Independence Canadian Equity Portfolio has a total return of 140.7% ** from inception of March 2000 to May 31, 2008. It has outperformed the benchmark by 16.4%.
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