o Description of the portfolio construction process and investment decision-making processes:
▪ The growth strategy focuses on, but is not limited to, dividend and income generating investments, normally from dividend/distribution-paying stocks or trusts, with a focus on growth at a reasonable price (GARP). The investment process considers a combination of quantitative data and in-house research and third party research. The strategy emphasizes a bottom-up methodology and employing screens to identify suitable companies
▪ The fixed income component seeks to achieve a high level of income and some capital growth with a focus on capital preservation by investing in a combination of Canadian fixed income securities. The objective is to provide income, preserve capital, and reduce portfolio volatility
o Any third party sub-advisory on any portfolio or funds proposed?
▪ At times we use mutual funds or exchange traded funds (ETFs) to gain exposure to different areas of the investment universe. They would charge a sub-advisory fee for management and administration.
o Historical performance vs. benchmark; expected tracking error if any;
▪ Historical portfolio performance for both our Quality Canadian Growth and Canadian Diversified Income strategy is available at: