IA Clarington Sarbit U.S. Equity Class A (Unhedged)

Quick Facts

NAVPS (5/17/2013) $13.46

Distribution Frequency: Annually


MER: 12/31/2012 2.78%*

Fund Numbers:

Front Back Low Series F Series E
4750 4751
 4752
 4756 4753
 

Key reasons to invest

  • Fund provides focused exposure to U.S. Equity market, number of companies held ranges between 15 to 25
  • Fund invests in companies that trade at "margin of safety" prices - value approach
  • Potential tax efficiency of corporate class structure

Investment Approach

The Portfolio Sub-Advisor uses a value investment style and seeks out companies with a substantial barrier to entry, ability to generate attractive return on capital, growing stream of free cash flow and honest/capable management. Investment time horizon is similar to length of a business ownership; years, decades or generations. To ensure capital protection the Fund may hold significant cash, determined by availability of companies that meet the Portfolio Sub-Advisor's quality and price criteria.

 

Portfolio Advisor

Sarbit Advisory Services Inc.**

Portfolio Manager

Larry Sarbit

  • Founder and CIO of Sarbit Advisory Services Inc.
  • Over 20 years of investment experience
  • Mr. Sarbit has an extensive portfolio management experience in U.S. equity market. Prior to launching Sarbit Advisory Services Inc., Mr. Sarbit has built an impressive track record while managing over $2.2 billion in assets at a large Canadian mutual fund company.

Inception Date: 7/19/2011

Net Assets: $56,036,695

Historical Total Returns (%) as at 04/30/2013

1 month3 months6 months1 year3 years5 years10 yearsInception
0.97.815.019.1---14.8

Calendar Year Returns (%)

2012201120102009200820072006200520042003
9.5 - - - - - - - - -

Asset Mix

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Geographic Allocation

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Sector Allocation

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Top Ten Holdings

Coinstar Inc.9.9%
Iconix Brand Group, Inc.9.7%
Berkshire Hathaway Inc., Class B9.7%
Cogent Communications Group Inc.9.6%
Cedar Fair LP, Warrants9.3%
The DIRECTV Group Inc.8.4%
DTS Inc.3.0%
CBIZ Inc.2.3%
Ituran Location and Control Ltd.0.8%
Portfolio information above as at: 04/30/2013

**The portfolio sub-advisor, Sarbit Advisory Services Inc. has requested that holdings be disclosed on a quarterly basis.

*IA Clarington Investments Inc., manager of the IA Clarington Sarbit U.S. Equity Class A (Unhedged) (the "Fund"), currently waives some of its management fees or absorbs some expenses that would normally be charged to the Fund. This is done at the manager’s discretion, and may continue for an indeterminate period of time but may also be terminated at any time. The management expense ratio ("MER") for this series of the Fund published above is calculated after waivers and absorptions have been taken into account, using information available from the interim period ending 12/31/2012. The actual MER of the this series of the Fund before waivers and or absorptions is 3.31%
Important information and disclaimer