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Fund Description 

The Fund invests primarily in equity securities of North American publicly listed companies that operate in, or derive a meaningful portion of their revenue or earnings from, the cannabis industry or related industries, such as cannabis production and distribution, biopharmaceuticals and other ancillary businesses including edible and infused cannabis products, nutraceuticals, real estate, technology, security solutions, financing, delivery systems and retail distribution.

The Fund will be actively managed, employing a multi-pronged top-down investment process to assist us in determining the overall asset allocation of the Fund (which may range from 0 to 100% in cash), as well as a bottom-up process to assist us in selecting securities. While up to 50% of the Fund’s net asset value may be invested in foreign securities, the Fund will not invest in securities of companies unless their activities are legal at the provincial or state level.

See Simplified Prospectus, Annual Information Form and Fund Facts below for full details.

Fund Details
Strategy Actively managed North American cannabis fund
Fund Risk Classification High
Fundserv codes Class A: SPA1301
Class D: SPA1303 (discount brokers only)
Class F: SPA1305 (fee-based advisors only)
RSP Eligible Yes
Subscription Frequency Weekly, on the last business day of each week
Minimum Investment C$500 initial and C$100 thereafter
Management Fee Class A: 2.00% per annum (incl. 1.00% pa trailer fee to advisors)
Class D: 1.25% per annum (incl. 0.25% pa trailer fee to discount brokers)
Class F: 1.00% per annum (fee-based advisors only)
Incentive Fee
20% of the return in excess of the return on the North American Marijuana Index, crystallized quarterly
Up-front Sales Charge Class A: up to 5%, as agreed between investors and their advisor
Class D: none (discount brokers only)
Class F: none (fee-based advisors only)
Lock-up Period None
Redemption Notice 1 business day
Redemption Frequency Weekly, on the last business day of each week
Short Term Trading Fee 2% if redeemed within 30 days
Portfolio Manager/Investment Fund Manager/Trustee Spartan Fund Management Inc.
Prime Broker/Custodian CIBC World Markets Inc.
Auditor Deloitte LLP
Fund Administrator SGGG Fund Services Inc.
Independent Review Committee  William Woods, Chair
Sue Bochner
Rod Seyffert
Inception Date September 14, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Documents

Click on the relevant link below to download the appropriate document for the StoneCastle Cannabis Growth Fund:

Contact

For more information on the StoneCastle Cannabis Growth Fund, please contact your investment advisor.  If you do not have an investment advisor, please contact us.


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