Edgepoint Edgepoint2

A balanced portfolio concentrated in both quality Canadian businesses with growth potential and investments in fixed-income securities.

EdgePoint Canadian Growth & Income Portfolio
Overview
Fees & codes
Historical prices
Investment results
Calendar-year returns
Distributions
Materials
Investment approach
The Portfolio seeks to provide long-term capital appreciation and income generation by investing primarily in Canadian equity and fixed-income securities. Our team of portfolio managers looks for companies with strong competitive positions, defendable barriers to entry, long-term growth prospects and competent management teams, and acquires ownership stakes in these companies at prices below its assessment of their true value.

On the fixed-income side, we seek securities that provide an attractive return through coupon payments and capital appreciation while focusing on the borrower’s (bond issuer’s) ability to meet its debt obligations, or the payment of periodic coupons and the return of the original principal at maturity.

We may also invest in foreign securities. Equity securities of foreign issuers won’t typically exceed 20% of the Portfolio’s net assets at the time of purchase.

Learn more about our investment approach
Top 10 holdings
Sector allocation
As at September 30, 2017
Sector
Portfolio (%)
Corporate Bonds
31.03%
Energy
10.68%
Real Estate
9.73%
Insurance
7.91%
Cash and other net assets
7.40%
Information Technology
6.83%
Industrials
6.48%
Consumer Discretionary
6.21%
Diversified Financials
5.24%
Materials
4.23%
Banks
4.01%
Health Care
0.24%
Telecommunication Services
0.01%
Total
100.00%
Portfolio information
For the quarter ended September 30, 2017
Start date
November 17, 2008
Start date (non-HST series)
August 3, 2010
Total assets
$1.4 billion
Category
Canadian Equity Balanced
Minimum investment
$15,000
Asset mix (Equity)
62%
Asset mix (Fixed-income and cash)
38%
Market cap†
$18.2 billion
Number of holdings
146
Number of holdings (Equity)
75
Number of holdings (Fixed-income issuers)
71
Distributions
Quarterly
Risk profile
Moderate Risk
†Weighted average in C$, 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.

Want to learn more about what you pay? We believe fees matter and so should you. Learn more about EdgePoint Canadian Growth and Income’s MERs.

You need a regular source of income but want to stay invested to continue growing your savings. SWPs are designed to meet both of these objectives and offer a host of other attractive features.

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.
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.
A FE EDG188 1.70% 2.03% 0.06%
XFE = Front end:
A negotiated sales charge between 0% – 5% paid to your financial advisor at the time of purchase and deducted from the amount you buy.
A(N), non HST FE EDG1881 1.70% 1.88% 0.06%
XFE = Front end:
A negotiated sales charge between 0% – 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 EDG388 1.90% 2.31% 0.06%
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 EDG3881 1.90% 2.14% 0.06%
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 EDG588/688 0.70% 0.89% 0.06%
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 on-going advice you receive. The fee may be paid by redeeming some of the units you own of the Fund on a quarterly basis.
F(N), non HST FB/AF EDG5881/6881 0.70% 0.82% 0.06%
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 on-going advice you receive. The fee may be paid by redeeming some of the units you own of the Fund on a quarterly basis.


XNon-HST series are available only to investors in non-HST participating provinces. Learn why this matters.
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.

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 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.

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 2016 2015 2014 2013 2012 2011 2010 2009 2008 Inception date
A 18.63% -2.67% 8.36% 22.14% 6.63% -4.08% 13.97% 40.43% 1.52% November 17, 2008
A(N), non HST 18.81% -2.53% 8.54% 22.32% 6.78% -3.93% 10.14% -- -- August 3, 2010
B 18.30% -2.97% 8.02% 21.82% 6.36% -4.32% 13.71% 40.16% 2.04% November 17, 2008
B(N), non HST 18.50% -2.79% 8.24% 22.04% 6.54% -4.17% 10.04% -- -- August 3, 2010
F 19.99% -1.53% 9.61% 23.60% 7.89% -2.93% 15.27% 42.12% 2.16% November 17, 2008
F(N), non HST 20.08% -1.50% 9.69% 23.67% 7.96% -2.87% 10.60% -- -- August 3, 2010
Calendar-year performance during the year of inception is calculated from the inception date to the end of the year.

Throughout the year, EdgePoint Canadian Growth & Income receives dividends from Canadian and foreign stocks, 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 quarterly (income) and annually in December (capital gains).

DATE
Series Income Capital gains Total
EdgePoint commentary
Q3-2017 update from the Investment team.
EDGE Facts
Quarterly snapshot of the Portfolio’s holdings and performance.
"Mullen" it over
Get our latest take on fixed income from portfolio manager Frank Mullen.
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.