Edgepoint Edgepoint2

A collection of predominantly high-quality Canadian fixed income securities that provides a combination of income growth and capital appreciation.

EdgePoint Monthly Income Portfolio
Overview
Fees & codes
Historical prices
Distributions
Materials
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.

Learn more about our investment approach
Top 5 Holdings
As at September 30, 2021
Company
Portfolio %
Total
0.00%
Asset Allocation
As at September 30, 2021
Assets
Portfolio (%)
Total
0.00%
Portfolio information
Start date
November 2, 2021
Category
Canadian Fixed Income
Minimum investment
$20,000
Distributions
Monthly
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 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.

Alex O'HaraAndrew Pastor, Claire Thornhill, Derek Skomorowski, Frank Mullen, Geoff MacDonald, George Droulias, Jason Liu, Jeff HyrichJinhyung Kwon, Lee MathesonSteven Lo, Sydney Van VierzenTracey Chen, Tye Bousada

The Portfolio’s Management Fee is dependent on the Reference Rate shown below.

As at September 30, 2021

Series Sales charge option Fund code Management fee Operating expenses MER
XManagement Fee:
This component of the MER is what you pay us and your financial advisor for investment and financial services. Management fee could change quarterly. Please refer to the table below. EdgePoint may, in its discretion, waive a portion of the management fees applicable to any series. If waived, we may discontinue this waiver at any time without notice. Any such waiver would be effected at the beginning of a calendar quarter by charging a series one of the seven existing management fee tiers described in the table below that is lower than the fee tier that would otherwise apply.
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 for most recent MER for the quarter annualized. MERs are estimated and could change quarterly. Please refer to the table below.
A FE EDG118 0.70% 0.10% 0.90%
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 EDG1181 0.70% 0.10% 0.84%
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.
F NL EDG518/618 0.10% 0.10% 0.23%
XNL = 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.
F(N), non HST NL EDG5181/6181 0.10% 0.10% 0.21%
XNL = 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.
XNon-HST series are available only to investors in non-HST participating provinces. Learn why this matters.

Reference Rate

The daily average yield to maturity of the FTSE Canada Universe Bond Index in the preceding calendar quarter ended September 30, 2021 was 1.63%. Accordingly, the management fee for the 4th calendar quarter of 2021 is 0.10% for Series F Units/Series F(N) Units and 0.70% for Series A Units/Series A(N) Units of the EdgePoint Monthly Income Portfolio.

Management fee (%)
Fee tier Reference rate* (%)
FTSE Canada Universe
Bond Index
Series F/F(N) Series A/A(N)
1 < 0.76 0.07 0.67
2 0.76 to 1.75 0.10 0.70
3 1.76 to 2.50 0.20 0.80
4 2.51 to 3.00 0.30 0.90
5 3.01 to 3.50 0.40 1.00
6 3.51 to 4.00 0.50 1.10
7 > 4.00 0.60 1.20

The FTSE Canada Universe Bond Index tracks the performance of investment-grade debt denominated in Canadian dollars and issued by Canadian government and corporations. The index was chosen as it is a widely used benchmark of the Canadian fixed income market. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings, credit quality, issuer type and yield may impact fixed-income comparability from the index.

A management fee reduction applies to those investors who have been invested in an EdgePoint Portfolio for 10 or more consecutive years and are currently invested in a qualifying Portfolio and series. Read about our 10-year Partner Program to find out more.

Qualifying Portfolios are limited to EdgePoint Canadian Portfolio, EdgePoint Canadian Growth & Income Portfolio, EdgePoint Global Portfolio, EdgePoint Global Growth & Income Portfolio and EdgePoint Monthly Income Portfolio. Qualifying series are limited to A, A(N), F and F(N), along with their respective T4/T6 versions.

Series Closing price $ daily change % daily change Download prices
EdgePoint Monthly Income Portfolio Series A $9.99 $0.00 ▼ -0.02% ▼ download csv
EdgePoint Monthly Income Portfolio Series A (N) Non HST $9.99 $0.00 ▼ -0.02% ▼ download csv
EdgePoint Monthly Income Portfolio Series F $9.99 $0.00 ▼ -0.02% ▼ download csv
EdgePoint Monthly Income Portfolio Series F (N) non HST $9.99 $0.00 ▼ -0.02% ▼ download csv

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:

Decoding your investment returns (video)

Understanding distributions

Clarifying book value

Note: Only Portfolio series with distributions on the selected date are shown. Any Portfolio series or dates not shown did not have a distribution.

DATE
Fixed-income commentary
Our latest take on fixed income from portfolio manager Frank Mullen and analyst Derek Skomorowski.
EDGE Facts
Quarterly snapshot of the Portfolio’s holdings and performance.
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.
Quarterly portfolio disclosure
The Portfolio’s top 25 holdings.
Financial statements
Summary of the Portfolio’s financial activities published twice annually.
MRFP
Management Report of Fund Performance published twice annually.