Vertex Enhanced Income Fund
- Not Your Average Income Fund -
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.
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.
Matthew Wood, CFA - Mr. Matthew Wood is a founding partner and director of Vertex One Asset Management. Mr. Wood has overall responsibility for the investment and trading decisions affecting the Vertex Managed Value Portfolio, Vertex Value Fund and Vertex Enhanced Income Fund. He has operated as the lead manager of the Managed Value Portfolio since its inception on April 3, 1998. Mr. Wood has over 20 years experience investing in equities, fixed income and derivatives. His career began as an analyst, later becoming a Financial Advisor, with Royal Trust. He was a Portfolio Manager with HSBC Asset Management before co-founding Vertex One Asset Management. Mr. Wood holds the professional designation of Chartered Financial Analyst (CFA) and is a member of the Institute of Chartered Financial Analysts.
Tim Logie, CFA, MBA - Mr. Logie joined Vertex One in 2001. He started his career in the Property and Casualty actuarial field before completing an MBA and moving into derivative trading at TD Securities in Toronto. While at TD, Mr. Logie worked with Bond Options and Interest Rate Derivatives before becoming TD’s Energy Derivative trader. He received an Honors Business Administration degree as well as an MBA from the Richard Ivey School of Business at Western University. Mr. Logie holds the professional designation of CFA, is a member of the Institute of Chartered Financial Analysts and the Vancouver Society of Financial Analysts.
- Class B : VRT 700
- Class F : VRT 701
- Low Load : VRT 702
- Minimum Investment :
- $5,000 (initial)
- $2,000 (subsequent)
- bPerformance Fact Sheet
- bSimplified Prospectus
- bAnnual Information Form
- bAnnual Fund Facts DocumentsClass B / Class F
- bVertex IRC Annual Report
- bManagement and Investment Team
- bFinancial StatementsAnnual / Semi Annual
- bQuarterly Portfolio Disclosure1st Quarter / 3rd Quarter
- bMgmt Report of Fund PerformanceAnnual / Semi Annual
Third Quarter Report 2017 - The Vertex Enhanced Income Fund returned 1.51% for the month of September and 3.39% for the third quarter of 2017. The equity component of the fund provided the bulk of our returns for the month of September. A material portion of the equity weight (currently 24.49% of the fund) is allocated to offshore drilling and other energy names. Saudi Arabia is creating an interesting dynamic...