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.
- Class B : VRT 700
- Class F : VRT 701
- Low Load : VRT 702
- Minimum Investment :
- $500 (initial)
- $50 (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
Half-Time Report - When we created the Enhanced Income Fund back in 2009, our idea was to have a fund providing income above what traditional bonds generate, while avoiding the large drawdowns seen in equities over full cycles. Further, we built the fund with a very short duration in order to mitigate interest rate risk, should rates turn upwards. What’s interesting is since the fund commenced, none of these risks...