Funds

Goodwood Fund

Portfolio Manager:

Peter H. Puccetti, CFA

Fund Objective/Description:

The Goodwood Fund (the “Fund”) investment objective is to maximize long-term total return through the purchase and short sale of primarily North American exchange-listed securities based on a bottom-up, company specific approach. The portfolio is relatively concentrated with 8-10 core positions typically representing over 50% of the portfolio. The value-oriented stock picking strategy allows the manager to focus on a limited number of ideas and build strong relationships with senior management of investee companies. The Fund is offered to certain eligible investors (Accredited investors with a C$25,000 minimum, and other subscribers (other than individuals) investing a minimum of C$150,000) through an offering Memorandum.

Key Reasons to Own this Fund:

  • Long-term track record of out performance
  • Bottom-up, company specific investment approach
  • Diversification vs. major Canadian indices
  • Stock picking with active approach to ensure value realization
  • Management alignment
  • RRSP eligible
Compound Return (%) YTD 1 Yr 3 Yr 5 Yr 10 Yr Inception
Goodwood Fund -15.90 -12.04 -0.66 -0.37 3.68 7.60%
S&P/TSX Composite TR Index -3.68 -2.53 7.24 5.63 8.23 7.41%

As at November 30, 2018

Current FundSERV Codes

Company Code GWD GWD
Fund Class Class B Class F
Code: 022 222
NAV 12/07/18 $10.9741 $9.7462

PERFORMANCE DISCLAIMER:

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the offering memorandum or prospectus before investing.  The indicated rates of return of the Fund are the historical annual compounded total return including changes in unit value and assume that all distributions made by the Fund were reinvested in additional units of the Fund.  The rates of return do not include deduction of sales, transfer, redemption, income taxes payable, or other charges (which distributors may charge) that would have reduced returns.  The rates of return are net of all management fees, performance incentive fees and expenses.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investment funds can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance. An investment in the Fund is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors.

Performance data from certain market indices (S&P/TSX Composite TRI) are provided in this presentation for information purposes only. These Indices are not benchmarks of the Funds but rather are displayed for comparison purposes to the broad market. A comparison of the Fund’s performance to such market indices is of limited use because the composition of the Fund’s portfolio may contain other securities not found in the market index. As a result, no market indices are directly comparable to the results of the Funds.

Goodwood Capital Fund

Portfolio Manager:

Peter H. Puccetti, CFA

Fund Objective/Description:

The Goodwood Capital Fund (the “Fund”) investment objective is to achieve capital appreciation by investing primarily in equity securities of North American exchange-listed securities based on a bottom-up, company specific approach. The portfolio is relatively concentrated with 8-10 core positions typically representing over 50% of the portfolio. The value-oriented stock picking strategy allows the Manager to focus on a limited number of ideas and build strong relationships with senior management of investee companies. The Fund is offered through a Simplified Prospectus with an initial minimum purchase of C$5,000.

Key Reasons to Own this Fund:

  • Long-term track record of performance
  • Bottom-up, company specific investment approach
  • Diversification vs. major Canadian indices
  • Stock picking with active approach to ensure value realization
  • Management alignment
  • RRSP eligible
Compound Return (%) YTD 1 Yr 3 Yr 5 Yr 10 Yr Inception
Goodwood Capital Fund -10.69 -8.16 1.06 0.76 4.84 3.75%
S&P/TSX Composite TR Index -3.68 -2.53 7.24 5.63 8.23 5.80%
S&P/TSX SmallCap TR Index -15.17 -12.97 5.91 0.97 7.69 N/A

As at November 30, 2018

Current FundSERV Codes:

Company Code: GWD GWD
Fund Class: Class A Class F
Code: 001 004
NAV 12/07/18 $15.8907 $10.4152

PERFORMANCE DISCLAIMER:

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the offering memorandum or prospectus before investing.  The indicated rates of return of the Fund are the historical annual compounded total return including changes in unit value and assume that all distributions made by the Fund were reinvested in additional units of the Fund.  The rates of return do not include deduction of sales, transfer, redemption, income taxes payable, or other charges (which distributors may charge) that would have reduced returns.  The rates of return are net of all management fees, performance incentive fees and expenses.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investment funds can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance. An investment in the Fund is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors.

Performance data from certain market indices (S&P/TSX Composite TRI) are provided in this presentation for information purposes only. These Indices are not benchmarks of the Funds but rather are displayed for comparison purposes to the broad market. A comparison of the Fund’s performance to such market indices is of limited use because the composition of the Fund’s portfolio may contain other securities not found in the market index. As a result, no market indices are directly comparable to the results of the Funds.

Goodwood Milford Fund

Goodwood launches RRSP eligible Goodwood Milford Fund Trust

Goodwood Inc.’s Fixed-Income Strategy Continues Success at Canadian Hedge Fund Awards with 5th Consecutive Award

Portfolio Manager:

Christopher Currie, CFA

Fund Objective/Description:

The Goodwood Milford Fund LP (the “Fund”) and RRSP eligible version of the Fund, the Goodwood Milford Fund Trust offer investors significant portfolio diversification and long-term capital growth using a unique strategy that focuses on building a portfolio of investments in fixed income securities issued primarily by Canadian corporate issuers.  Similar to other Goodwood Funds, Goodwood will utilize a value approach to investing which seeks to identify through fundamental research, those corporate debt securities that will typically be in higher-yielding corporate issuers.

The investment team incorporates both credit income and equity analysis to identify superior opportunities.  The Fund looks into each company’s capital structure to determine the security type that represents the greatest reward for the respective capital structure risk.  This investment methodology creates a return profile that is optimized to generate superior risk adjusted results.

The Goodwood Milford strategy is available to registered accounts (RRSP, TSFA, RESP, RRIF and taxable).  On May 31st 2017, we launched the Goodwood Milford Fund Trust (the “Trust”) – an RSP version of the Goodwood Milford Fund. The Trust is offered with a 4% annual distribution yield or total return unit.

Key Reasons to Own the Goodwood Milford Fund Strategy:

  • Long-term track record of out performance
  • 25+ year manager experience
  • Bottom-up, company specific investment approach
  • Unique diversification strategy
  • Volatility of equity reduced by bond component
Compound Return % YTD 1 Yr 3 Yr 5 Yr 10 Yr Inception Distribution Yield Effective Duration
Goodwood Milford Fund LP* -5.72 -5.66 2.67 5.31 16.54 12.01% 4.0%* 7.5
iShares Core Canadian Universe Bond ETF -0.06 -0.47 1.58 2.92 4.02 N/A 2.9% 7.5
iShares Canadian Corporate Bond ETF -0.41 -0.80 2.12 2.94 5.03 N/A 3.1% 6.2
S&P/TSX Composite TR Index -3.68 -2.53 7.24 5.63 8.23 5.32% N/A N/A

*Performance returns above are calculated for the founding Class of Units for the Fund – Goodwood Milford Fund LP Class S Units.  Other classes or series, including the Goodwood Milford Fund Trust may charge different fees and therefore returns between classes and Funds may vary.  The returns are net of all management fees, expenses, and incentive performance fees.

As at November 30, 2018

FundSERV Codes:

RRSP Eligible Goodwood Milford Fund Trust:
Company Code: GWD GWD GWD GWD
Fund Class: Series A Series F Series AD Series FD
Code: 600 601 602 603
NAV 12/07/18 $9.4349 $9.5449 $9.0466 $9.0058

PERFORMANCE DISCLAIMER:

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the offering memorandum or prospectus before investing.  The indicated rates of return of the Fund are the historical annual compounded total return including changes in unit value and assume that all distributions made by the Fund were reinvested in additional units of the Fund.  The rates of return do not include deduction of sales, transfer, redemption, income taxes payable, or other charges (which distributors may charge) that would have reduced returns.  The rates of return are net of all management fees, performance incentive fees and expenses.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investment funds can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance. An investment in the Fund is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors.

Performance data from certain market indices (S&P/TSX Composite TRI) are provided in this presentation for information purposes only. These Indices are not benchmarks of the Funds but rather are displayed for comparison purposes to the broad market. A comparison of the Fund’s performance to such market indices is of limited use because the composition of the Fund’s portfolio may contain other securities not found in the market index. As a result, no market indices are directly comparable to the results of the Funds.

Goodwood SPValue Fund

Portfolio Manager:

Peter H. Puccetti, CFA

Fund Objective/Description:

The Goodwood SPValue Fund (the “Fund”) investment objective is to generate attractive long-term total returns through selective investments in companies deemed by the manager to be undervalued and that offer potential of being positively influenced by the manager taking an active role in seeking to implement changes in the areas of corporate governance, capital allocation, strategic and operational issues, management and other related activities.

Key Reasons to Own this Fund:

  • Track record of similar style investment success
  • Bottom-up, company specific investment approach
  • Event driven returns as compared to market driven
  • Concentrated and active approach to investments to ensure long-term value realization

Current FundSERV Code:

Available upon request


Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the offering memorandum or prospectus before investing.  The indicated rates of return of the Fund are the historical annual compounded total return including changes in unit value and assume that all distributions made by the Fund were reinvested in additional units of the Fund.  The rates of return do not include deduction of sales, transfer, redemption, income taxes payable, or other charges (which distributors may charge) that would have reduced returns.  The rates of return are net of all management fees, performance incentive fees and expenses.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investment funds can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance. An investment in the Fund is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors.PERFORMANCE DISCLAIMER:

Performance data from certain market indices (S&P/TSX Composite TRI) are provided in this presentation for information purposes only. These Indices are not benchmarks of the Funds but rather are displayed for comparison purposes to the broad market. A comparison of the Fund’s performance to such market indices is of limited use because the composition of the Fund’s portfolio may contain other securities not found in the market index. As a result, no market indices are directly comparable to the results of the Funds.