Annual Compound Returns(1)
| YTD|| 1-Year|| 3-Year|| 5-Year|| Since Inception(2)|
| Canadian High Income Equity Fund|| 11.6%|| (7.1%)|| 2.2%|| (2.4%)|| 3.9%|
| S&P/TSX Composite Index|| 16.9%|| 9.6%|| 9.1%|| 5.6%|| 7.0%|
| Since Inception(2)|| 2018|| 2017|| 2016|| 2015|| 2014|| 2013|| 2012|| 2011|| 20103|
| Canadian High Income Equity Fund|| 3.9%|| (20.5%)|| 2.0%|| 29.1%|| (12.9%)|| (2.3%)|| 11.9%|| (3.1%)|| 10.7%|| 19.1%|
| S&P/TSX Composite Index|| 7.0%|| (8.9%)|| 9.1%|| 21.1%|| (8.3%)|| 10.6%|| 13.0%|| 7.2%|| (8.7%)|| 17.8%|
The tables show the past performance of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on Net Asset Value per unit and assumes that cash distributions made by the Fund and deemed distributions based on the warrants’ intrinsic value at their approximate exercise date of the warrants in the periods shown were reinvested at Net Asset Value per unit in additional units of the Fund.
The tables show the Fund’s year-by-year and compound returns for each period indicated compared with the S&P/TSX Composite Index (‘‘Composite Index’’). The Composite Index tracks the performance, on a market weight basis and a total return basis, of a broad index of large capitalization issuers listed on the TSX including common stocks, REITs and income trust units and is an appropriate benchmark as the Fund primarily invests in such common stocks, REITs and income trusts. Since the Fund is actively managed, the sector weightings differ from those of the Composite Index. In addition, the Fund’s portfolio contains predominantly high dividend paying securities, whereas the Composite Index does not necessarily focus on this type of investment. For these reasons it is not expected that the Fund’s performance will mirror that of the Composite Index. Further, the Composite Index is calculated without the deduction of management fees and fund expenses, whereas the performance of the Fund is calculated after deducting such fees and expenses.
Returns for Canadian High Income Equity Fund are unaudited.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.