Vertex Value Fund

- Process Works -

Overview

Portfolio Manager John Thiessen & Emily Wheeler
Firm Assets $824 Million
Fund Assets $114 Million
Purchase Minimum $500 (initial), $50 (subsequent)
Type of Fund Concentrated Value
Inception Date Sept 21, 2009
RSP/TFSA Eligible Yes
Performance Fee 20% of the amount exceeding the daily relative benchmark
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

Our investment process involves seeking out primarily equity securities of companies that we determine to be priced at attractive levels relative to the market, their competitors and their growth rates. Companies with annuity like cash flows, strong balance sheets and high dividend yields will be given the greatest weighting.

Objective

The fundamental investment objective of the Vertex Value Fund is to provide long term capital growth by investing primarily in equity securities of Canadian and United States Companies.

Portfolio Manager

John Thiessen, CFA - Mr. John Thiessen is a founding partner and director of Vertex One Asset Management. 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 (FEL) : VRT 600
  • Class F (NL) : VRT 601
  • Low Load : VRT 602

Purchase Info

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

Downloads

Quarterly Commentary

First Quarter Report 2019, “Down markets are when stocks return to their rightful owners.” ~ JPMorgan Chase. As investors, it might seem that sometimes we’re at the whim of market forces beyond our control. Take the last quarter of 2018 for example. If you were an equity investor, you likely would have seen your investments take a significant drop, unless you were overconcentrated in just a few select stocks –...

Vertex Value 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 June 21, 2019

One Day

As at June 21, 2019

Month to Date

As at June 21, 2019

Year to Date

As at June 21, 2019
$15.7764 $-0.0044 (-0.03%) -0.86% -9.52%

Monthly Performance

As at May 31, 2019

1 Month

-15.99%

3 Month

-15.69%

6 Month

-22.14%

1 Year

-45.55%

3 Year*

-5.66%

5 Year*

-4.05%

Cumulative Return

As at May 31, 2019

Since Inception*

As at May 31, 2019

Percent Positive Months

As at May 31, 2019
79.39% 6.22% 60.68%
 
 
 

Fund vs Benchmark*

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

Fund / Benchmark

Beta

Standard Deviation

Sharpe Ratio†

Largest Monthly Gain

Largest Monthly Loss

Positive Months

Vertex Value Fund 1.32 17.07% 0.30 13.61% -16.29% 60.68%
Benchmark* N/A 8.56% 1.01 5.67% -6.00% 68.38%

†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

20198.35%-0.10%-2.28%2.70%-15.99%-8.74%
2018-1.62%-0.44%-1.58%5.61%1.36%1.36%-5.05%-2.18%-0.64%-16.29%-10.69%-14.68%-38.44%
20173.96%2.79%-2.93%-2.07%-5.03%-5.87%1.66%-0.30%7.34%6.17%0.63%0.75%6.33%
2016-10.73%1.60%8.74%-0.03%1.52%0.28%9.83%4.23%2.47%0.46%13.61%4.70%40.69%
20153.27%2.85%-1.61%-2.29%5.05%-2.00%-6.35%-4.68%-5.87%2.86%2.86%-1.31%-7.78%
20142.62%4.93%-1.24%-1.56%1.29%1.00%-3.40%4.54%-3.99%2.00%0.93%4.08%11.25%
20135.27%3.10%5.69%0.11%2.41%1.83%4.43%-1.13%2.19%2.79%5.17%4.48%42.73%
20124.61%3.49%3.54%-3.56%-0.84%4.34%-2.47%4.92%3.75%6.24%3.15%7.33%39.69%
20113.43%-1.81%4.79%-2.13%-3.34%-3.78%-6.44%-6.36%-4.83%4.80%0.83%0.80%-13.97%
20102.57%4.75%3.78%4.27%-7.06%-6.03%1.55%-1.93%4.73%2.57%-1.42%8.22%15.87%
20090.81%-1.98%4.96%0.92%4.67%