AlphaDelta Funds > Canadian Growth of Dividend Income Class Fund

Canadian Growth of Dividend Income Class Fund

The AlphaDelta Canadian Growth of Dividend Income Class Fund invests primarily in Canadian dividend-paying common equity shares that are expected to grow their dividends in the future.

Investment Objectives

The Fund’s objectives aim to achieve:

  • Long-term appreciation of capital
  • Consistent and above-average current distribution yield
  • Meaningful growth in absolute level of distributions through time
SeriesInception date12-Mth Dist’n Yield**6 Month1 Year2 Year2020 Ytd2019 YearSince InceptionStandard DeviationActive Share***
F28-Feb-15N/A N/A N/A N/A N/A22.7%N/AN/A84.9%
A28-Feb-15N/A N/A N/A N/A N/A21.4%N/AN/A84.9%

*As of October 31, 2020

The returns shown above are annualized compound returns, calculated on a money weighted basis, net of all fund-level fees and expenses.  The returns assume a reinvestment of all fund distributions and do not take into account sales, redemption, distribution or optional charges or income taxes.  These historic returns are provided for general information purposes only and may not be indicative of the future returns.

Investment Strategy

The Fund manager believes long-term capital appreciation is a consequence of focusing on attractive “growth of dividend

Ensuring an above average distribution yield
The Fund will always hold a diversified portfolio of relatively high-yielding, high-quality, large capitalization, Canadian, dividend paying common equities. We then implement a conservative options writing program around the equity positions to further increase the current income yield.

Holding high-quality, global, dividend-paying equities
Our dividend focus will generate an income stream for the Fund and its investors. In the coming years, growing income – not fixed income – is the only means of maintaining purchasing power.

90 percent in Canadian equities
The Fund will invest 90% in Canadian equities. The other 10% of holdings overlap with the manager’s Growth of Dividend Income Class Fund.

Investor Suitability

Suitable for investors:

  • Seeking dividend income and long-term capital growth
  • Not concerned with short-term price fluctuations
  • Planning to hold their investments for the long term
  • Willing to accept a medium level of risk

Portfolio Manager

Juliette John, CFA

Iris Asset Management LTD.

Juliette John, CFA, has provided investment counsel for institutional and retail clients for over 25 years.  Prior to launching Iris in 2013, Juliette worked at Franklin Templeton Investments for 18 years.  She rose to Senior Vice President at Franklin Bissett (previously Bissett Investment Management) and was responsible for the Canadian Dividend Program, several core Canadian mandates, balanced mandates and assets for institutional and not-for-profit clients as well as mutual funds.  Juliette began her career at Bissett trading equities in 1994 and then moved into equity analysis prior to becoming a portfolio manager in 1996.

Fund Characteristics

Fund SeriesFundServ CodesMgmt FeeTrailer FeeCurrent Admin Fee – Fee CapProjected Approx. MER w/ Current CapMinimum Initial InvestmentMinimum Additional InvestmentCIFSC Strategy Category (Risk Rating)
Series AQWE 4411.70%1.00%0.42%2.12%$1,000$100Canadian Dividend and Income Equity (Medium)
Series FQWE 4420.70%0.42%1.12%$1,000$100
Series GQWE 4440.35%0.42%0.77%$25,000$100
Series HQWE 4451.35%1.00%0.42%1.77%$25,000$100

DISCLOSURES

The information provided herein is for general information purposes only and is not intended to be a solicitation for the purchase of fund units.

 

Important information regarding the fund is set out the simplified prospectus and in other documents made publicly available, which should be reviewed prior to investment.  The returns shown above are annualized compound returns, calculated on a money weighted basis, net of all fund-level fees and expenses.  The returns assume a reinvestment of all fund distributions and do not take into account sales, redemption, distribution or optional charges or income taxes.  These historic returns are provided for general information purposes only and may not be indicative of the future returns.”

 

Qwest Investment Fund Management Ltd. Is the Investment Fund Manager and Registered Portfolio Manager of the funds. Investment decisions specific to each fund are made by the following Sub- Advisor Portfolio Managers; Scivest Capital Management and Aventine Capital Management. Qwest Investment Fund Management Ltd is a Portfolio Manager, Investment Fund Manager and Exempt Market Dealer registered in the provinces of Alberta, British Columbia, Nova Scotia, Quebec, Saskatchewan and Ontario.  The firm is also registered solely as an IFM in the provinces of Newfoundland

 

Manager commentaries provided above have been obtained from third party managers and do not necessarily reflect views of AlphaDelta.  AlphaDelta has not taken any steps to verify the accuracy or completeness of the information presented herein.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.