Low Market Correlation

All of the Goodwood Funds offer uniquely low correlation to the major Canadian market indices given the bottom-up approach to investment selection combined with the Fund’s concentrated positions

Sector S&P/TSX Goodwood Fund Goodwood Capital Fund Goodwood Milford Fund
Financials 31.9% 20.3% 16.0% 55.2%
Energy 17.9% 0.0% 4.3% 33.7%
Industrials 11.4% 8.9% 14.7% 6.5%
Materials 10.0% 0.0% 5.1% 29.9%
Consumer 8.1% 30.1% 17.7% 21.0%
Comm. & Media 5.9% 0.0% 0.0% 7.6%
Info Tech 5.0% 0.0% 5.2% 20.6%
Utilities 4.4% 17.3% 11.6% 0.0%
Real Estate 3.5% 0.0% 0.0% 17.0%
Healthcare 2.0% 10.9% 8.5% 4.0%
Net Exposure 87.5% 83.0% 271.0%

As at May 31, 2019


Correlation Since Inception S&P/TSX TRI Inception Date
Goodwood Fund 0.52 October, 1996
Goodwood Capital Fund 0.71 December, 1999
Goodwood Milford Fund 0.58 January, 2006


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 advisers.

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.