TenPoint Fund

TenPoint is a value-oriented fund with a North American equity focus and a discretionary sector preference which fluctuates based on opportunity and economic conditions.  The objective of the Fund is to produce double digit annualized returns while minimizing unnecessary taxes, trading expenses and excess fees.  The Fund seeks to achieve this objective through superior asset selection in long positions while opportunistically establishing short positions for time to time with respect to companies that are believed to be fundamentally overpriced.

 

Current Monthly Report

Why Invest?

  • Fund targeting double digit annualized returns over a 3-5 year period while protecting capital during prolonged periods of declining equity markets,
  • Provides investors access to concentrated portfolio – typically consisting of 25-30 positions of North American securities.
  • Portfolio manager’s belief that a long-term horizon encourages patience and discourages rash decision-making.

Fund Details

Strategy
Value-based Long only
Fundserv Code
Not applicable
RSP Eligible
Yes
Subscription Frequency
Monthly, on the last business day of each month
Minimum Investment
$25K
Currency
Canadian dollars
Management Fee
Class
A: 2% per annum
F: 1% per annum
Performance Fee
15%
Hurdle
10 year Canada bonds
High Water Mark
Yes. No reset.
Lock-up Period
None
Redemption Frequency
Monthly, on the last business day of each month
Redemption Notice
7 days
Early Redemption Fee
None