IA Clarington Sarbit U.S. Equity Fund A
Quick Facts
NAVPS (2/6/2012) $3.54
Distribution Frequency: Annually
MER:
06/30/2011 2.69%
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| $Cdn |
150
|
151
|
905
|
1510 |
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
- U.S. dollar denominated assets are hedged in order to reduce
exchange rate volatility
Investment Approach
The Portfolio 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 Advisor's quality and price criteria.
Portfolio Sub-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: 1/25/2000
Net Assets: $366,057,213Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| -0.4 | 10.7 | -6.8 | -5.5 | - | - | - | - |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 36.6 | - | - | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Top Holdings**
| Six Flags Entertainment Corp. | 10.6 % |
| CVS Caremark Corp. | 10.6 % |
| Berkshire Hathaway Inc., Class B | 10.1 % |
| Iconix Brand Group, Inc. | 9.7 % |
| Coinstar Inc. | 8.3 % |
| Duff & Phelps Corp., Class A | 6.4 % |
| CBIZ Inc. | 5.8 % |
| Cogent Communications Group Inc. | 5.3 % |
| Atlantic Tele-Network Inc. | 4.5 % |
| Smart Technologies Inc., Class A | 4.2 % |
| 75.5 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM**
**The portfolio sub-advisor, Sarbit Advisory Services Inc. has
requested that holdings be disclosed on a quarterly
basis.
On June 5, 2009, the IA Clarington Navellier U.S. All Cap Fund
underwent a merger that was a material change for the Fund under
applicable securities laws. In accordance with these laws, we may
only disclose performance for periods after June 5, 2009. In
addition to the merger, the Fund was renamed IA Clarington Sarbit
U.S. Equity Fund. Sarbit Advisory Services Inc. assumed portfolio
advisory responsibilities for the Fund as sub-advisor to Industrial
Alliance Investment Management Inc. Fund unitholders approved a
change of the investment objectives of the Fund.
Important information and disclaimer