Vertex Growth Fund

- Unconstrained Investing -

Overview

Portfolio Manager John Thiessen
Purchase Minimum $500 (initial), $50 (subsequent)
Type of Fund North American Growth
Inception Date Sept 21, 2009
RSP/TFSA Eligible Yes
Management Fee (B)2% (F)1%
High Water Mark Yes, relative to benchmark
Early Switch/Redemption 2% fee within 30 calendar days of purchase
Valuation Frequency Daily
Distribution Frequency Annually, if applicable.
Offering Type Simplified Prospectus
Administration CIBC Mellon
Trustee CIBC Mellon
Custodian CIBC Mellon
Auditor PwC

Strategy

To achieve the above objectives, fundamental analysis will be used to identify superior investment opportunities with the potential for above average capital appreciation over the long term. Vertex One will seek inefficiently priced companies backed by strong management teams with solid business models that have the potential to benefit from both industry and macro-economic trends.

Objective

Primary objective is to achieve long-term capital growth by investing in growth-oriented equities. The Vertex Growth Fund invests primarily in equity and equity-related securities of North American companies. Investment may focus on assets in specific industry sectors and asset classes based on analysis of business cycles, industry sectors and market outlook.

Portfolio Manager

John Thiessen, CFA - Mr. John Thiessen is a founding partner and director of Vertex One Asset Management. Mr. Thiessen has overall responsibility for the investment and trading decisions affecting the Vertex Fund, Vertex Offshore Fund and Vertex Growth Fund. He has operated as the lead manager of the Vertex Fund since its inception on February 6, 1998. Mr. Thiessen has significant investment experience with 23 years of equity, fixed income and arbitrage investing. He began his career with the Alberta Treasury Investment Management Division, after which he became an Investment Officer with National Trust. He was a Portfolio Manager with HSBC Asset Management before co-founding Vertex One Asset Management. Mr. Thiessen holds the professional designation of Chartered Financial Analyst (CFA) and is a member of the Institute of Chartered Financial Analysts.

Fund Codes

  • Class B : VRT 400
  • Class F : VRT 401
  • Low Load : VRT 402

Purchase Info

  • Minimum Investment :
  • $500 (initial)
  • $50 (subsequent)

Downloads

Quarterly Commentary

First Quarter Report, 2019 - The Vertex Fund (Class A) returned 4.26% and the Vertex Growth Fund (Class F) returned 7.69%. After the beating our equity funds took in the fourth quarter of 2018, our phones have not been this busy since the financial crisis of 2008. As long-time investors might recall, the Vertex Fund’s 2008 Q4 Report was aptly titled Annus Horribilis. It once again seems appropriate to quote...

Vertex Growth Fund F Performance

View Class B Statistics *Annualized compound returns. Returns are Net of all Fees and include reinvested distributions. Inception Sept 21, 2009.

Current Net Asset Value

As at August 23, 2019

One Day

As at August 23, 2019

Month to Date

As at August 23, 2019

Year to Date

As at August 23, 2019
$10.6779 $-0.177 (-1.63%) -3.98% -9.05%

Monthly Performance

As at July 31, 2019

1 Month

-5.11%

3 Month

-11.97%

6 Month

-8.29%

1 Year

-31.95%

3 Year*

-12.72%

5 Year*

-8.93%

Cumulative Return

As at July 31, 2019

Since Inception*

As at July 31, 2019

Percent Positive Months

As at July 31, 2019
32.34% 2.88% 53.78%
 
 
 

Fund vs Benchmark*

*50% S&P 500 TRI $CAD + 50% S&P/TSX TRI

Fund / Benchmark

Beta

Correlation

Standard Deviation

Sharpe Ratio†

Largest Monthly Gain

Largest Monthly Loss

Positive Months

Vertex Growth Fund 0.98 0.74 14.64% 0.10 13.95% -15.29% 53.78%
Benchmark* N/A N/A 8.51% 1.05 5.67% -6.00% 68.91%

†Risk Free Rate = 1 Month LIBOR $USD (annualized)

*Returns are based on Class F shares. Inception Sept 21, 2009

Historical Returns*

*Returns are based on Class F shares. Inception Sept 21, 2009

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year

20193.28%3.08%1.15%-0.09%-6.49%-0.79%-5.11%-5.28%
20182.39%-4.73%-2.76%0.40%5.09%-3.08%-2.35%-0.05%0.49%-15.29%-7.17%-9.04%-31.96%
20171.10%-0.76%-0.46%-0.25%0.33%-1.04%-1.83%-4.26%2.67%3.43%-1.22%3.43%0.87%
2016-9.30%-0.06%3.27%0.28%2.27%2.02%3.75%-0.83%1.76%-4.92%2.01%4.48%3.91%
20155.32%6.06%-2.56%-1.70%4.06%-2.43%3.72%-3.98%-5.71%7.89%-1.95%-1.26%6.54%
20146.10%6.77%1.27%-0.17%-1.80%0.21%0.56%0.65%-3.39%-1.31%-5.81%-3.71%-1.37%
20131.66%0.68%4.13%0.19%5.32%-2.92%1.68%0.62%4.23%2.57%4.88%3.09%29.12%
20126.59%1.98%3.03%-3.90%-3.58%-0.79%2.97%3.97%4.14%0.43%0.52%1.92%18.11%
2011-1.75%5.18%-1.67%-0.94%0.30%-6.77%-0.63%-4.30%-6.27%2.98%-0.61%-0.42%-14.49%
2010-2.22%2.21%13.95%6.10%-4.28%-8.69%5.02%-0.96%8.78%6.04%3.86%7.40%41.34%
2009-0.61%-3.96%4.36%1.55%1.16%