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Terms & Conditions

Disclaimer

Information about specific issuers of securities has been made available by Value Partners Investments Inc. for the sole purpose of providing additional background information on the holdings in the Value Partners Pool(s) and is not intended to be investment advice about the merits of investing directly in these issuers. This information is based on information that is publicly available or that has been provided to Value Partners Investments Inc. by the portfolio managers of the Pools.

The complete holdings of a Pool are disclosed in its Statement of Investment Portfolio semi-annually. On a quarterly basis, each Pool discloses its top 25 holdings in its Summary of Investment Portfolio. Both these documents are available on our website. Value Partners Investments Inc. is a registered investment fund manager and has engaged registered portfolio managers to make decisions about the investments made by each Pool – these investment decisions are not made by Value Partners Investments Inc.

The information provided does not constitute individual, legal, investment or tax advice about any of the Pools or the issuers discussed therein. Please consult your own legal, investment and/or tax advisor prior to making a decision to invest in the Pools. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts documents and the prospectus of the Pools before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

VPI Income Pool Sustainable Income, Opportunity for Growth

Resources:

Why Should You Own This Pool?

 

  1. You're looking for a higher income than guaranteed investments alternatives
  2. You'd also like the opportunity to grow your capital and increase your income
  3. You don't want the risk of a pure equity portfolio

The purchase decision is key. It is easy to buy a popular investment at a steep price or a poor investment cheaply. It is central to our investing success to buy securities when they are out of favour and priced cheaply compared to their ongoing cash flows.

- Brian Carney Canso Investment Counsel Ltd.

How Will Your Money Be Managed?

The Classic Approach

At all times, the VPI Income Pool (the pool) requires an asset allocation with a minimum of 25% Fixed Income and a minimum of 25% Equities.

25% Bonds / Cash
Flexible Based on Quality of Opportunities
25% Businesses

The Mechanics

As the principal portfolio manager, if Patient Capital identifies high quality businesses at attractive prices, the asset weighting of the Pool will shift towards the ownership of more equities, to a maximum of 75%.

25% Bonds / Cash
75% Businesses

On the other hand, if Patient Capital cannot identify investments that meet its rigorous standards for value and quality, greater responsibility transfers to Canso and the asset weighting of the Pool will shift towards more fixed income, to a maximum of 75%.

75% Bonds / Cash
25% Businesses

Why Do We Manage Your Money This Way?

Our unique approach allows us to seek the best opportunities with the least amount of risk.

How Do You Receive Income?

There are two sources of income:

  1. Interest and Dividends
  2. Capital Gains (Realized Gain Distribution & Market Value Gain)

 

 

VPI Income Pool Bond Credit Ratings

VPI Income Pool Bond Credit Ratings
Bond Credit RatingsAllocation
AA & Higher38.4%
A31.8%
BB & Lower13.8%
BBB12.5%
No Rating3.5%
VPI Income Pool Asset Class Weighting

VPI Income Pool Asset Class Weighting
Asset ClassAllocation
Bonds57.1%
Equities29.1%
Mortgages7.8%
Cash & Equivalents5.7%
Warrants & Other0.3%

Businesses

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Contents of this web page are based on information that is publicly available or that has been provided by Value Partners Investments Inc. (Value Partners). The information provided includes views or opinions of Value Partners, in its capacity as the fund manager of VPI Income Pool (the Pool), and does not constitute individual, legal, investment, or tax advice about the Pool or the issuers discussed therein. Information about specific issuers of securities has been made available by Value Partners for the sole purpose of providing additional background information on the holdings in the Pool, and is not intended to be investment advice about the merits of investing directly in these issuers. Please consult your own legal, investment, and/or tax advisor prior to making a decision to invest in the Pool.

The complete holdings of the Pool are disclosed in its Statement of Investment Portfolio semi-annually. On a quarterly basis, the Pool discloses its top 25 holdings in its Summary of Investment Portfolio. Both these documents are available on our website at www.valuepartnersinvestments.ca. Value Partners is a registered investment fund manager and has engaged Patient Capital Management Inc. and Canso Investment Counsel Ltd., registered portfolio managers, to make decisions about the investments made by the Pool–these investment decisions are not made by Value Partners.

Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the fund facts document and the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance will not tell you how the Fund will perform in the future, particularly since the investment objectives of the Fund, as well as the portfolio manager of the Fund, changed effective December 1, 2013.