V1 Funds Table

 

Vertex Fund

Vertex Managed Value Portfolio

Vertex Arbitrage Fund

Vertex Arbitrage Fund Plus

Vertex Enhanced Income Fund

Vertex Growth Fund

Vertex Value Fund

Type of Registration Offering Memorandum Offering Memorandum Offering Memorandum Offering Memorandum Prospectus Prospectus Prospectus
Valuations Monthly Monthly Monthly Monthly Daily Daily Daily
Redemption Monthly Monthly Monthly Monthly Daily Daily Daily
Initial Minimum $25,000* $25,000* $25,000* $25,000* $5,000 $5,000 $5,000
Subsequent Minimum $10,000 $10,000 $10,000 $10,000 $50 $50 $50
RRSP Eligible Yes Yes Yes Yes Yes Yes Yes
Type of Fund Opportunistic / Event Driven Concentrated Value Market Neutral Market Neutral North American Income North American Growth North American Value Equity
High Water Yes Hurdle of 5% Yes Yes Relative to Benchmark Relative to Benchmark Relative to Benchmark
Performance Fee 20% of the amount above the high-water mark 20% above the hurdle rate of 5% 15% of the amount exceeding the benchmark 15% of the amount exceeding the benchmark 20% of the amount exceeding the benchmark 20% of the amount exceeding the benchmark 20% of the amount exceeding the benchmark
Management Fee Class B: 2%
Class F: 1%
Class B: 1.9%
Class F: 1%
Class F: 1% Class B: 2%
Class F: 1%
Class B: 1.5%
Class F: 0.75%
Class B: 2%
Class A: 1%
Class B: 2%
Class A: 1%
Benchmark 50% S&P 500 TRI 50% TSX TRI BFI: 40% DEX Universe Bond Index, 60% TSX TRI DEX Bond Universe, S&P 500 TRI HFRI Equity Market Neutral, S&P 500 TRI 20% TSX Preferred Share TRI 20% TSX TRI
60% Scotia McLeod Mid-Term Bond Index
50% S&P 500 TRI 50% TSX TRI 50% S&P 500 TRI 50% TSX TRI
Fund Assets $498 Million $238 Million $123 Million $59 Million $97 Million $84 Million $193 Million
Inception Date February 6, 1998 April 3, 1998 October 31, 2013 February 28, 2017 September 23, 2009 September 23, 2009 September 23, 2009
Manager John Thiessen, Craig Chilton Matt Wood Craig Chilton, Tom Savage Craig Chilton, Tom Savage Matt Wood, Tim Logie John Thiessen Matt Wood
Distributions Income and Capital Gains Distributed Annually & Reinvested. Income and Capital Gains Distributed Annually & Reinvested. Income and Capital Gains Distributed Annually & Reinvested. Income and Capital Gains Distributed Annually & Reinvested. Fixed at 5% annually. Income - Monthly. Capital Gains - Annually. Option for cash or reinvestment. Income and Capital Gains Distributed Annually & Reinvested. Income and Capital Gains Distributed Annually & Reinvested.
Fund Code (F) VRT 301
(B) VRT 302
(DSC) VRT 303
(F) VRT 101
(B) VRT 102
(DSC) VRT 103
(F) VRT 901 (B) VRT 992
(F) VRT 991
(B) VRT 700
(F) VRT 701
(LL) VRT 702
(B) VRT 400
(F) VRT 401
(LL) VRT 402
(B) VRT 600
(F) VRT 601
(LL) VRT 602
Early Switch/
Redemption
N/A N/A N/A N/A 2% fee within 30 calender days of purchase 2% fee within 30 calender days of purchase 2% fee within 30 calender days of purchase

* Subject to Eligibility

(LL) = Low Load

TRI = Total Return Index

Fund

NAV

1
Month

3
Month

Year
to Date

1
Year

3
Year

5
year*

10
Year*

15
Year*

Since
Inception*

Arbitrage Fund F $10.9290 0.21% 0.95% 3.19% 5.51% 4.06% N/A N/A N/A 4.27%
Arbitrage Fund Plus F $10.4674 0.51% 1.98% 4.67% N/A N/A N/A N/A N/A N/A
Enhanced Income Fund F $9.5520 0.11% 0.97% 3.41% 11.69% -0.46% 4.39% N/A N/A 5.94%
Growth Fund F $15.9027 -4.26% -6.99% -7.03% -4.13% -3.81% 7.03% N/A N/A 8.36%
Managed Value Portfolio A $24.7062 -0.70% -1.14% -8.67% 9.40% 5.88% 13.93% 9.12% 8.84% 8.90%
Value Fund F $25.3638 -0.30% -4.59% -7.96% 12.70% 7.10% 18.27% N/A N/A 13.65%
Vertex Fund A $62.3493 -4.65% -8.05% -7.45% -3.20% -3.68% 3.00% 4.19% 10.17% 13.11%

*Returns are Net of all Fees and include reinvested distributions.

Fund data as of August 31, 2017