Morningstar Strategic Canadian Equity Fund Series F (CAD)
- Distribution Frequency: Annually
- Number of Holdings: 34
- Total Net Assets: C$35 M
REASONS TO OWN
Features
- 100% pure Canadian equities
- Uses Morningstar’s suite of proprietary equity ratings and tools such as Morningstar CPMSTM
- All-cap in nature
- Displays attractive value and growth characteristics vs. S&P/TSX Composite
Benefits
- Highly repeatable investment process that is not skewed towards any one investment style being in/out of favor
- Can access opportunities across the market cap spectrum
- Can avoid expensive stocks and preserve capital in declining markets while also gaining exposure to faster growing businesses
Morningstar’s Michael Keaveney gives his assessment of quarterly performance.
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 480 | - |
| F | - | 481 | - |
Inception: September 16 2016|Series F (CAD)|MER: 0.85 %PERFORMANCE: Series F (CAD)
| Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | 3-Yr | 5-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Morningstar Strategic Canadian Equity Fund | -2.50 | 0.77 | 6.14 | 16.00 | 23.44 | 8.99 | 9.14 | 9.21 | ||
| S&P/TSX Composite Index | -2.23 | 0.17 | 8.73 | 17.48 | 28.02 | 11.07 | 9.64 | 9.92 | ||
| Calendar Year Performance (%) | *2016 | 2017 | 2018 | 2019 | 2020 | ||
|---|---|---|---|---|---|---|---|
| Morningstar Strategic Canadian Equity Fund | 5.15 | 14.67 | -10.92 | 19.70 | 4.56 | ||
| S&P/TSX Composite Index | 6.33 | 9.10 | -8.89 | 22.88 | 5.60 | ||
Summary of Investment Portfolio as of September 30, 2021
TOP 10 POSITIONS
| Security | |
|---|---|
| Nutrien Ltd. | 3.1 % |
| Canadian National Railway | 3.1 % |
| CI Financial Corp | 3.1 % |
| North American Construction | 3.1 % |
| TC Energy Corp | 3.0 % |
| Enbridge Inc. | 3.0 % |
| George Weston Ltd. | 3.0 % |
| Toronto Dominion Bank | 3.0 % |
| Toromont Industries Ltd | 3.0 % |
| Bank of Montreal | 2.9 % |
| Top 10 Total | 30.3 % |
| Total # of Securities | 34 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Financials | 26.3 % |
| Industrials | 14.4 % |
| Energy | 9.1 % |
| Consumer Staples | 8.6 % |
| Communication Services | 8.5 % |
| Materials | 8.5 % |
| Information Technology | 8.4 % |
| Real Estate | 5.7 % |
| Utilities | 5.6 % |
| Consumer Discretionary | 2.8 % |
| Other | 2.1 % |
| Total | 100.0 % |
ASSET MIX
| Asset breakdown | |
|---|---|
| Canadian Equity | 97.9 % |
| Other | 2.1 % |
| Total | 100.0 % |
RELATED DOCUMENTS
Bridgehouse Asset Managers® is a trade name of Brandes Investment Partners & Co. As manager of the Bridgehouse Funds, Bridgehouse has hired certain portfolio sub-advisors to the Funds. Units and shares of the Bridgehouse Funds are available through registered dealers only and are not available through Bridgehouse. Bridgehouse and its sub-advisors have taken reasonable steps to provide accurate and current data. The data has been gathered from sources believed to be reliable, however Bridgehouse and/or its sub-advisors are not responsible for any errors or omissions contained herein. The foregoing reflects the thoughts, opinions and/or investment strategies of Bridgehouse and/or its sub-advisors, which are subject to change at their discretion and without prior notice, based on changing market dynamics or other considerations. Securities mentioned herein are not to be construed as a recommendation to buy or sell. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Performance is shown for the class selected.Performance is net of fees unless otherwise indicated.Indices are unmanaged and cannot be directly invested into. MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.
