Morningstar Strategic Canadian Equity Fund HQ

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

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Fund Fact Sheets, Metrics, Profile Sheets, Monthly Report Cards, and more!

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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.