Enhanced Income Fund
Investment Objective
The fundamental investment objective of the Vertex Enhanced Income Fund is to provide preservation of capital while providing high income by investing primarily in Canadian and United States bonds, debentures, and equities. The secondary objective is to provide capital growth.
Investment Strategy
The fund will invest largely in high yield and convertible bonds, preferred shares, high-yielding equities (up to a 25% weight) and government debt including federal, provincial, state and municipal issues.
Covered call writing will be used to enhance yield derived from the equity component of the fund.
| Vertex Enhanced Income Fund - Class B | ||||||
|---|---|---|---|---|---|---|
Performance as at: |
Price | $ Change (1-Day) |
% Change (1-Day) |
% Change (Month to date) |
% Change (30-Day) |
|
| February 21, 2012 | $10.8201 | $0.014 | 0.13% | 1.91% | 2.76% | |
Performance as at: |
Price | 3 Month | 6 Month | YTD | 1 Year | Total Cumulative |
| January 31, 2012 | $10.6176 | 0.63% | -5.50% | 2.87% | -5.67% | 18.74% |
| Vertex Enhanced Income Fund - Class F | ||||||
|---|---|---|---|---|---|---|
Performance as at: |
Price | $ Change (1-Day) |
% Change (1-Day) |
% Change (Month to date) |
% Change (30-Day) |
|
| February 21, 2012 | $10.8435 | $0.015 | 0.14% | 1.96% | 2.83% | |
Performance as at: |
Price | 3 Month | 6 Month | YTD | 1 Year | Total Cumulative |
| January 31, 2012 | $10.6355 | 0.84% | -5.09% | 2.95% | -4.90% | 20.89% |
For distribution information please click here
Historical Returns
Monthly Performance (net of fees)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 | 2.87% | -% | - | - | - | - | - | - | - | - | - | - | 2.87% |
| 2011 | 2.23% | 1.76% | 0.65% | 0.54% | -0.27% | -2.03% | -0.79% | -4.70% | -5.25% | 4.08% | -2.24% | 0.06% | -6.26% |
| 2010 | 1.71% | 1.72% | 2.53% | 3.07% | -4.55% | -2.09% | 4.11% | -1.25% | 4.01% | 2.66% | -0.42% | 3.67% | 15.78% |
| 2009 | -0.06% | 0.34% | 2.38% | 3.59% | 6.36%* |
Returns are based on Class B shares. Inception Sept 21, 2009.
* Value does not capture a full 1-year return due to the inception date.
Statistics
| Fund | Benchmark* | |
|---|---|---|
| Beta | 1.00 | |
| Correlation | 0.33 | |
| Annualized Sharpe (Rf=2%) | 0.60 | 1.06 |
| Standard Deviation | 9.30% | 3.06% |
| Largest Monthly Gain | 4.11% | 2.38% |
| Largest Monthly Loss | -5.25% | -1.35% |
| % Positive Months | 62.06% | 65.52% |
| % Negative Months | 37.93% | 34.48% |
* 20% S&P/TSX Preferred Share Index, 20% S&P/TSX Composite Index, 60% Scotia McLeod mid-term Bond Index
Statistics based on B Class Shares.
