Advanced Growth

 

Objectives:

The Advanced Growth Portfolio is our core-equity strategy. The stocks are selected through a screening process to find businesses trading at a reasonable price, that offer sustainable dividends, earnings growth, and/or price momentum from expected earnings surprises. The portfolio is constrained to hold Canadian companies with a market capitalization in excess of $500 million and U.S. companies in excess of $1 billion, Exchange Traded Funds (ETFs), and alternative strategies limited to no more than 10% of the portfolio.

This portfolio seeks to grow capital in excess of inflation and the benchmark on a risk-adjusted basis, net of fees, over a rolling five-year period. Securities are held individually in each client’s account and trades are executed simultaneously for all clients. For a detailed Investment Policy Statement, please contact our office.

Asset Allocation:

Asset Class Range Target Benchmark
Canadian/U.S. Cash 0-20% 5% DEX 91-Day T-Bill Index
Canadian/U.S./Global Bonds 0-10% 0% FTSE TMX Canada Bond Index
Canadian Equities 25-70% 45% S&P/TSX Canadian Stock Market Index
U.S. Equities 25-70% 40% S&P500 U.S. Stock Market Index (including U.S. Dollar changes)
International Equities 0-30% 10% MSCI EAFE (including foreign currency changes)
Emerging Market Equities 0-5% 0% MSCI Emerging Markets (including foreign currency changes)
Alternative Assets 0-20% 0%
AG

Advanced Growth Portfolio – Asset Allocation

Risk Profile:

Medium/High. This is ideal for investors seeking long-term growth in excess of the market, who are comfortable with broad market changes, over a full market cycle.

Time Horizon:

Long-term (5-years+). The investment horizon indicates that selling this portfolio when economic conditions contract can result in a loss of capital.

Performance:

1 Mo 3 Mo 6 Mo YTD 1 Yr 2 Yr Since Inception*
Advanced Growth 0.76% 2.86% 9.96% 2.86% 16.78% 2.31% 1.49%
Benchmark 1.28% 3.98% 8.73% 3.98% 18.38% 7.81% 10.33%

*Inception: May, 2014
Effective: March 31, 2017

Fees:

There are no initial fees or commissions to invest in this portfolio, nor are there any back-end commissions to exit the portfolio. It is based on a pay-as-you-go philosophy. Fees may also be tax deductible, and are based on total family assets under management as follows:

$250,000 – $500,000 1.75%
$500,000 – $1,000,000 1.50%
$1,000,000 – $2,000,000 1.25%
$2,000,000 – $3,000,000 1.00%
$3,000,000+ negotiable

Performance results set out in this document are based on a composite of CIBC Wood Gundy Advisor Managed Accounts (“AMA”) with more than $100,000 invested in a specified investment strategy managed by the AMA Portfolio Manager. Composite inception date is based after the second month the first AMA account opened in the strategy. The subsequent AMA accounts in the strategy are included after the second month following their inception. Also included in the composite are closed AMA accounts that held the strategy up to the last full month the Strategy was held. Composite performance returns are geometrically linked and calculated by weight each AMA account’s monthly performance, including changes in securities’ values, and accrued income (i.e. dividends and interest), against its market value at the beginning of each month, as represented by the market value at the opening of the first business day of each month. Performance returns are expressed in the stated strategy’s base currency and are calculated gross of fees. Individual account performance results for clients of AMA invested in the Strategy may also materially differ from the performance results set out in this document, which are based on the Composite, due to the factors described above, and other factors such as an account’s size, the length of time the Strategy has been held, cash flows in and out of the individual AMA client account, trade execution timing, market conditions and movements, trading prices, foreign exchange rates, specific client constraints and constraints against purchasing securities of related and connected issuers to CIBC Wood Gundy. Past performance is not an indication of future returns.

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CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.

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