Our Four Pillar Approach

       Our Objective: Grow Your Wealth + Protect Your Wealth

The four pillars of our investment process assist in our investment analysis and trading decisions, including our risk management process. These include quantitative tools we have developed to aid and complement our analysis, selection and trading of our investments. Our implementation of these methodologies is not a “black box” process. Rather, these proprietary tools are used in conjunction with our bottom-up fundamental research and overall macro outlook.

Grow Your Wealth: Security Selection and Proprietary Trade Optimization Models
Value Approach
We’re value investors, seeking undervalued high quality businesses. We prefer companies with strong competitive advantages led by management teams incentivized to maximize return on capital. Our fundamental analysis provides conviction to hold 30-40 holdings that meet our criteria.
Trade Optimization
Innovative trading models are used in an attempt to optimize the timing of our purchases and sales.
Protect Your Wealth: Market and Economic Risk Management
Market Risk Management
We use our proprietary market risk monitor, based on an algorithm we have developed that combines market volatility and momentum, to alert us to potentially significant market drawdowns. When the monitor alerts us to potential market risk in a country, we may reduce our exposure to that market or hedge the portfolio via equity index ETFs or option strategies.
Economic Risk Management
We monitor the business cycle with our proprietary Economic Composite. Since 1965, two-year rolling losses of 20% or more in the S&P 500 Composite Index have always been preceded by a business cycle peak. When our Economic Composite alerts us to the potential for a recession in a particular country we may reduce exposure or hedge the portfolio via equity index ETFs or option strategies.
Global

Did you know that Canada and the U.S. make up only 55% of global market capitalization? No single country has been the top performer two years in a row.1 Single countries can underperform for many years, like Japan from 1988 to 2014 or Canada from 2011 to 2017.

Going global opens up 45% of the world outside of North America. That means more opportunities and exposure to different economies and sectors. Utilizing our proprietary screening and ranking technology, we systematically monitor over 1,200 securities globally. Our process is designed to find the most undervalued high quality large cap stocks in the world.

1Source: Blackrock

Multi-Asset/Opportunistic

The Fund invests primarily in equity and equity-linked securities. The Fund may also invest in higher yielding securities, which could include preferred shares and high yield bonds and debentures. The Fund may focus its assets in a small number of sectors, influenced by the portfolio manager’s macro perspectives, and the portfolio may be concentrated in certain securities, sectors and jurisdictions depending on their attractiveness.

We may consider employing short positions, option positions or other strategies, either opportunistically or for risk management, to reduce volatility, mitigate drawdowns and lower correlations to the overall market.

Our Four Pillar Approach

Our Objective: Grow Your Wealth + Protect Your Wealth

The four pillars of our investment process assist in our investment analysis and trading decisions, including our risk management process. These include quantitative tools we have developed to aid and complement our analysis, selection and trading of our investments. Our implementation of these methodologies is not a “black box” process. Rather, these proprietary tools are used in conjunction with our bottom-up fundamental research and overall macro outlook.

Grow Your Wealth: Security Selection and Proprietary Trade Optimization Models

Value Approach
We’re value investors, seeking undervalued high quality businesses. We prefer companies with strong competitive advantages led by management teams incentivized to maximize return on capital. Our fundamental analysis provides conviction to hold 30-40 holdings that meet our criteria.

Trade Optimization
Innovative trading models are used in an attempt to optimize the timing of our purchases and sales.

Protect Your Wealth: Market and Economic Risk Management

Market Risk Management
We use our proprietary market risk monitor, based on an algorithm we have developed that combines market volatility and momentum, to alert us to potentially significant market drawdowns. When the monitor alerts us to potential market risk in a country, we may reduce our exposure to that market or hedge the portfolio via equity index ETFs or option strategies.

Economic Risk Management
We monitor the business cycle with our proprietary Economic Composite. Since 1965, two-year rolling losses of 20% or more in the S&P 500 Composite Index have always been preceded by a business cycle peak. When our Economic Composite alerts us to the potential for a recession in a particular country we may reduce exposure or hedge the portfolio via equity index ETFs or option strategies.

Global

Did you know that Canada and the U.S. make up only 55% of global market capitalization? No single country has been the top performer two years in a row.1 Single countries can underperform for many years, like Japan from 1988 to 2014 or Canada from 2011 to 2017.

Going global opens up 45% of the world outside of North America. That means more opportunities and exposure to different economies and sectors. Utilizing our proprietary screening and ranking technology, we systematically monitor over 1,200 securities globally. Our process is designed to find the most undervalued high quality large cap stocks in the world.

1Source: Blackrock

Multi-Asset/Opportunistic

The Fund invests primarily in equity and equity-linked securities. The Fund may also invest in higher yielding securities, which could include preferred shares and high yield bonds and debentures. The Fund may focus its assets in a small number of sectors, influenced by the portfolio manager’s macro perspectives, and the portfolio may be concentrated in certain securities, sectors and jurisdictions depending on their attractiveness.

We may consider employing short positions, option positions or other strategies, either opportunistically or for risk management, to reduce volatility, mitigate drawdowns and lower correlations to the overall market.

Technology & Innovation

Proprietary Valuation Algorithms
We rank our Global investment universe using several valuation methodologies, including our proprietary and systematic discounted cash flow model.

Custom Tools & Software
Built from the ground up, our custom software aggregates data from multiple data providers.

Proprietary Trade Optimization Models
Trade optimization models are used in an attempt to capture—in real time—changing sentiment for individual stocks, sectors or overall markets.

Real-time Global Risk Monitoring
Economic and market risks are monitored via our innovative risk management models.