V1 Funds Table

 

Mutual Funds

Type of Registration Prospectus Prospectus Prospectus
Valuations Daily Daily Daily
Redemption Daily Daily Daily
Initial Minimum $500 $500 $500
Subsequent Minimum $50 $50 $50
RRSP Eligible Yes Yes Yes
Type of Fund North American Income North American Growth North American Value Equity
High Water Relative to Benchmark Relative to Benchmark Relative to Benchmark
Performance Fee 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: 1.5%
Class F: 0.75%
Class B: 2%
Class F: 1%
Class B: 2%
Class F: 1%
Benchmark 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
Inception Date September 21, 2009 September 21, 2009 September 21, 2009
Manager Geoff Castle, David Barr John Thiessen David Barr, Felix Narhi
Distributions 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 (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
2% fee within 30 calender days of purchase 2% fee within 30 calender days of purchase 2% fee within 30 calender days of purchase

ALTERNATIVE MUTUAL FUNDS

Type of Registration Prospectus Prospectus Prospectus Prospectus Prospectus
Valuations Daily Daily Daily Daily Daily
Redemption Daily Daily Daily Daily Daily
Initial Minimum $500 $500 $500 $500 $500
Subsequent Minimum $50 $50 $50 $50 $50
RRSP Eligible Yes Yes Yes Yes Yes
Type of Fund Alternative Market Neutral Alternative Market Neutral Canadian Equity Alternative U.S. Equity Alternative Income Alternative
High Water Yes, Perpetual Yes, Perpetual Yes, Relative to Benchmark Yes, Relative to Benchmark Yes, Relative to Benchmark
Performance Fee 15% of the amount exceeding the perpetual high water mark 15% of the amount exceeding the perpetual high water mark 15% of the amount exceeding the daily relative benchmark 15% of the amount exceeding the daily relative benchmark 15% of the amount exceeding the daily relative benchmark
Management Fee Class B: 2%
Class F: 1%
Class B: 2%
Class F: 1%
Class B: 2%
Class F: 1%
Class B: 2%
Class F: 1%
Class B: 2%
Class F: 1%
Benchmark HFRI Event Driven: Merger Arbitrage Index HFRI Event Driven: Merger Arbitrage Index S&P/TSX 60 Total Return Index S&P 500 Net Total Return Index – CAD FTSE TMX Canada Universe Bond Index
Inception Date January 17, 2019 January 17, 2019 January 31, 2019 February 28, 2019 February 28, 2019
Manager Craig Chilton & Tom Savage Craig Chilton & Tom Savage Craig Chilton & Tom Savage Craig Chilton & Tom Savage Craig Chilton & Tom Savage
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. Income and Capital Gains Distributed Annually & Reinvested.
Fund Code (B) VRT 1000
(F) VRT 1001
(B) VRT 2000
(F) VRT 2001
(B) VRT 3000
(F) VRT 3001
(B) VRT 4000
(F) VRT 4001
(B) VRT 5000
(F) VRT 5001
Early Switch/
Redemption
2% fee within 30 calendar days of purchase 2% fee within 30 calendar days of purchase 2% fee within 30 calendar days of purchase 2% fee within 30 calendar days of purchase 2% fee within 30 calendar days of purchase

Alternative Funds

Type of Registration Offering Memorandum Offering Memorandum Offering Memorandum Offering Memorandum
Valuations Monthly Monthly Monthly Monthly
Redemption Monthly Monthly Monthly Monthly
Initial Minimum $25,000* $25,000* $25,000* $25,000*
Subsequent Minimum $1,000 $1,000 $1,000 $1,000
RRSP Eligible Yes Yes Yes Yes
Type of Fund Opportunistic / Event Driven Concentrated Value Market Neutral Market Neutral
High Water Yes Hurdle of 5% Yes Yes
Performance Fee 20% of the amount above the high-water mark 20% above the hurdle rate of 5% 15% of the amount exceeding the high water mark 15% of the amount exceeding the high water mark
Management Fee Class B: 2%
Class F: 1%
Class B: 1.9%
Class F: 1%
Class F: 1% Class B: 2%
Class F: 1%
Benchmark 50% S&P 500 TRI 50% TSX TRI BFI: 40% DEX Universe Bond Index, 60% TSX TRI DEX Bond Universe, HFRI Market Neutral Index HFRI Market Neutral Index, 50% S&P 500 TRI & 50% S&P/TSX TRI Index
Inception Date February 6, 1998 April 3, 1998 October 31, 2013 February 28, 2017
Manager John Thiessen David Barr, Felix Narhi Craig Chilton, Tom Savage Craig Chilton, Tom Savage
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.
Fund Code (F) VRT 301
(B) VRT 302
(DSC) VRT 303
(F) VRT 101
(B) VRT 102
(DSC) VRT 103
(F) VRT 901 (F) VRT 991
(B) VRT 992
Early Switch/
Redemption
N/A N/A N/A N/A

* 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 $10.9523 0.13% 0.47% 1.73% 2.62% 3.30% 3.32% N/A N/A 3.56%
Arbitrage Fund Plus F $11.2150 0.30% 0.98% 3.53% 5.27% N/A N/A N/A N/A 5.54%
Enhanced Income Fund F $7.6705 -4.42% -8.15% -5.09% -11.81% -0.29% -2.62% 3.45% N/A 3.47%
Growth Fund F $10.7852 -3.01% -8.70% -8.13% -33.96% -13.37% -9.61% 2.53% N/A 2.54%
Bond Alpha Fund F
Canadian Equity Alpha Fund F
Liquid Alternative Fund F
Liquid Alternative Fund Plus F
Managed Value Portfolio A $13.9928 -9.15% -11.60% -17.80% -46.65% -12.88% -6.43% 3.13% 3.61% 5.52%
U.S. Equity Alpha Fund F
Value Fund F $13.5051 -9.89% -15.13% -22.55% -50.91% -14.69% -7.51% 4.29% N/A 4.32%
Vertex Fund A $35.0183 -7.22% -19.40% -23.62% -46.76% -18.38% -12.88% -1.01% 2.92% 8.88%

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

Fund data as of August 30, 2019