NAV/Unit (as at Feb. 1/19):
- Class A: $99.4980
- Class D: $98.0657
- Class F: $99.8734
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.