Reduce Overlap | Hold Different Stocks | Lower Fees
The 1yr Numbers are Here*
Performance |
3 Months | 6 Months | 1 Year | Since Inception (9/16/2016) |
|---|---|---|---|---|
| Morningstar Strategic Canadian Equity Fund (Series F) |
4.24% | 6.54% | 15.94% | 16.02% |
| S&P/TSX Composite | 3.68% | 1.99% | 9.18% | 10.60% |
| Quartile vs. Peers** | 1 | 1 | 1 | |
| **Source: Morningstar AWS | ||||
Attribution (Top Ten)
| Stock | Industry | 1 Year Return Contribution % |
|---|---|---|
| WestFraser Timber Co. | Paper & Forest Products | 1.42 |
| Transcontinental Inc Class A | Commercial Services & Supplies | 1.41 |
| Toromont Industries | Trading Companies & Distributors | 1.36 |
| Norbord Inc | Paper & Forest Products | 1.34 |
| Great Canadian Gaming | Hotels Restaurants & Leisure | 1.27 |
| Dollarama | Multiline Retail | 1.06 |
| Linamar | Auto Components | 0.97 |
| National Bank of Canada | Banks | 0.90 |
| Canfor | Paper & Forest Products | 0.86 |
| New Flyer Industries | Machinery | 0.79 |
Fundamentals |
Morningstar Strategic Canadian Equity Fund |
S&P/TSX Composite |
|---|---|---|
| ROE | 18.6% | 12.5% |
| 5 Year Average ROE | 18.6% | 13.5% |
| Reinvestment Rate (earnings less dividends / book value) |
14.6% | 8.2% |
| Estimate Revisions | 2.5% | -3.5% |
| Total Yield (expected + shareholder buyback) |
1.2% | -2.9% |
| Price / Earnings | 15.0x | 18.7x |
| Price Change 9 months | 8.3% | 2.6% |
Key Facts
- +676 bps of outperformance over the S&P/TSX Composite
- 1st quartile vs. peers
- Solid in both up and down markets outperforming in 6 of 9 months S&P/TSX was up and 2 of 3 months S&P/TSX was down
- Zero weight to energy but still outperformed in Q3 when energy was strong due to selection across other sectors
- Looks different: 78% active share
*As at September 30, 2017
Fund Codes
| Code | MER | |
| Series F | BIP 481 | 0.85% |
| Series A (1% trail) | BIP 480 | 1.98% |
Reasons to Own
- Disciplined rules-based process based on a combination of diversified factors including value, quality, reasonable risk, and momentum
- Extensive stock screening and ranking using Morningstar’s suite of proprietary equity rating tools such as Morningstar CPMSTM
- Offers superior growth and value metrics
- Attractive fees with 0.85% MER for Series F and 1.98% MER for Series A
Infographic
Introduction to the Fund
Page
Fund Fact Sheets, Metrics, Profile Sheets, Monthly Report Cards, and more!
Videos
Trailer – Morningstar on the Bridgehouse Platform & the Morningstar Strategic Canadian Equity Fund
Fund – Details on the Morningstar Strategic Canadian Equity Fund
Manager – Overview of Morningstar & Morningstar Associates, Inc.
