MM Fund

The MM Fund is a long-only mutual fund that invests utilizing a “core and more” approach. The core portfolio consists of sustainable high yielding or dividend paying Canadian equity securities and, to a lesser extent, real estate investment trusts, convertibles, debt securities, preferred shares and U.S. equity securities. The “more” consists of equity and debt, plus potentially warrants, small and micro capitalization stocks, that will likely have more volatility but a higher potential for capital gains.

Current Monthly Report

Previous Monthly Report

 

Why Invest?

  • Targeting returns that materially exceed the TSX Total Return
  • Seeking out investment exposure to predominantly Canadian listed companies
  • Portfolio Manager is largest investor in the Fund, ensuring a good alignment of incentives with investors
  • Has achieved top-decile performance from Morningstar* ranking in the “Canadian Equity” category

Fund Details

Strategy
Long only
Fundserv Codes
Class
A: SPA520
D: SPA522 (discount brokers only)
F: SPA521 (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
Currency
Canadian dollars
Management Fee
Class
A: 2.00% per annum (incl. 1.00% pa trailer fee to advisors)
D: 1.25% per annum (incl. 0.25% pa trailer fee to discount brokers)
F: 1.00% per annum (fee-based advisors only)
Performance Fee
10% of the return in excess of the return on the TSX Composite Total Return Index, crystallized quarterly
High Water Mark
Perpetual
Lock-up Period
None
Redemption Frequency
Weekly, on the last business day of each week
Redemption Notice
1 business day
Early Redemption Fee
2% if redeemed within 30 days

 

Documents