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.
The Globe & Mail recently interviewed Ed Sollbach, the Portfolio Manager of the MM Fund. Click here to read the full interview
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
- Suitable for investors seeking long-term growth who can tolerate medium-high risk
Fund Details
Legal structure
Trust
Strategy
Long only
Fundserv Codes
| Class | |
| A: | SPA520 |
| F: | SPA521 |
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) |
| F: | 1.00% per annum |
Performance Fee
10%
Hurdle
TSX Composite Total Return Index
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
