Vertex Value Fund

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Overview

Portfolio Manager Matthew Wood & Emily Wheeler
Firm Assets $1.37 Billion
Fund Assets $224 Million
Purchase Minimum $5000 (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

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.

Fund Codes

  • Class B (FEL) : VRT 600
  • Class F (NL) : VRT 601
  • Low Load : VRT 602

Purchase Info

  • Minimum Investment :
  • $5,000 (initial)
  • $50 (subsequent)

Downloads

Quarterly Commentary

Second Quarter Report, 2017 - We’re hearing a lot about volatility these days. The word seems to have permeated our investment lexicon. It’s as if there’s something in the investment world that’s void of volatility. “Low vol” is what so many are selling and eager ears are eating it up. I’m not sure what to make of it, but the idea that one can get a decent return today, and...

Vertex Value Fund F Performance

View Class B Statistics *Annualized compound returns. Returns are Net of all Fees and include reinvested distributions.

Current Net Asset Value

As at November 21, 2017

One Day

As at November 21, 2017

Month to Date

As at November 21, 2017

Year to Date

As at November 21, 2017
$29.0831 $0.1801 (0.62%) 0.62% 5.53%

1 Month

6.17%

3 Month

13.62%

6 Month

3.25%

1 Year

24.77%

3 Year*

12.65%

5 Year*

19.06%

Cumulative Return

Since Inception*

Percent Positive Months

214.95% 15.20% 65.31%
 
 
 

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 1.14 14.51% 0.96 13.61% -10.73% 65.31%
Benchmark* N/A 8.35% 1.27 5.67% -4.99% 68.37%

†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

20173.96%2.79%-2.93%-2.07%-5.03%-5.87%1.66%-0.30%7.34%6.17%4.88%
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%