Value Partners Investments

Terms & Conditions

Disclaimer

Information about specific issuers of securities has been made available by Value Partners Investments Inc. for the sole purpose of providing additional background information on the holdings in the Value Partners Pool(s) and is not intended to be investment advice about the merits of investing directly in these issuers. This information is based on information that is publicly available or that has been provided to Value Partners Investments Inc. by the portfolio managers of the Pools.

The complete holdings of a Pool are disclosed in its Statement of Investment Portfolio semi-annually. On a quarterly basis, each Pool discloses its top 25 holdings in its Summary of Investment Portfolio. Both these documents are available on our website. Value Partners Investments Inc. is a registered investment fund manager and has engaged registered portfolio managers to make decisions about the investments made by each Pool – these investment decisions are not made by Value Partners Investments Inc.

The information provided does not constitute individual, legal, investment or tax advice about any of the Pools or the issuers discussed therein. Please consult your own legal, investment and/or tax advisor prior to making a decision to invest in the Pools. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts documents and the prospectus of the Pools before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.


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VPI Corporate Bond Pool

Doing Bonds Differently 

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  • Overview
  • Videos & Newsletters
  • Uniqueness
  • Fees & Codes
  • Historical Prices
  • Other Materials

Overview

What Does the Pool Invest In? 

  • Fixed-income securities with no restrictions on credit quality, duration, or geography 
  • Cash holdings to protect investor capital and to take advantage of investment opportunities 

How Do We Invest? 

  • We purchase fixed-income securities that provide attractive returns through capital appreciation and interest payments 
  • We focus on security selection and accept risks when we are appropriately compensated 
  • We are opportunistic in our process, moving between bonds as their valuations change, buying unpopular bonds cheaply and selling overvalued, highly sought-after bonds into strength 

 

 

Portfolio Information

(As of January 19, 2022)
 
Fund Code
- Series A
- Series F
- Series O
 
VPI010
VPI210
VPI410
Total Assets
Inception
June 25, 2020
Category
Fixed Income
Asset Mix
 
Distributions
Income: Monthly; Capital Gains: Annually in December
Minimum Investment
$25,000 initial, $50 subsequent
Volatility Risk Profile
Low

Lead Portfolio Manager

https://vpinvestments.blob.core.windows.net/images/portfolio-managers/larry-sarbit-list-v2.jpg 

Brian Carney
 Canso Investment Counsel
Richmond Hill, Ontario

  • Portfolio manager at Canso Investment Counsel Ltd.
  • Founder of Big Rock Capital Management, worked in the credit department offices of Goldman Sachs & Co. in Toronto, New York and London and held a variety of positions on the bond side at Merrill Lynch Canada
  • Holds the Canadian Investment Manager (CIM) designation
  • Nearly 30 years of experience in the investment industry

View Brian In Action

What makes this pool unique?

Long-term track record of out-performance.

https://vpinvestments.blob.core.windows.net/images/Canso-Performance.png

As of November 30, 2021. Returns for Canso Corporate Value Strategy (Series C). VPI Corporate Bond Pool is being managed using the same investment methodology as Canso Corporate Value Strategy. Growth of $1,000,000. Gross of Fees. Source: Canso Investment Counsel.

Reverse inquiry.

The portfolio manager creates investment opportunities. They talk to issuers to see if a deal makes sense. For example, Canso initiated a deal with Air Canada at the beginning of the pandemic when travel essentially shut down. This story tells a lot about what you need to know about Canso.

 

A proprietary bond rating system.

The portfolio manager, Canso, has a large team of credit professionals who focus on internal credit research. Canso does not rely on external research or credit rating agencies. Extensive research is conducted on issuers before making an investment and research is continually updated on an ongoing basis for each issue in the portfolio. The portfolio manager keeps extensive files on all issues, whether they participate in them or not. As new information becomes available it allows the portfolio manager to move quickly if an opportunity presents itself.

Quarterly Update Video

VPI Corporate Bond Pool Update Video - Q4 2021

Shareable link: https://vimeo.com/666172391/5f94d76522

Newsletters

Select an edition

Fees & Codes

With consideration given to impact of the Management Fee Reduction Program, the effective MER's on various account sizes for each of the Value Partners Pools as of December 31, 2021 are below:

Series
Fund Code
0 - $250,000
$250,000 - $500,000
$500,000 - $1 million
$1 million - $2.5 million
$2.5 million & above
A
VPI010
1.64%
1.57% - 1.64%
1.34%
1.34%
1.34%
F
VPI210
0.86%
0.84% - 0.86%
0.76%
0.76%
0.76%

Value Partners Investments offers a Management Fee Reduction Program to qualified investors as follows:

Account Size to Qualify
Series A Rebate
Series F Rebate
$250,000 - $500,000
0.15% on portion > $250,000
0.05% on portion > $250,000
$500,000 - $1 million
0.30% on full balance
0.10% on full balance
$1 million - $2.5 million
0.30% on full balance
0.10% on full balance
$2.5 million & above
0.30% on full balance
0.10% on full balance

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Historical Pricing

Series
Closing Price (CAD)
$ Daily Change
% Daily Change

One-Pager

Overview of the pool including what the pool invests in, how the portfolio manager invests, basic pool information, top equity holding, sector allocation, performance and more. Updated monthly.

Fund Facts

This document is required by the regulators. It highlights key information about the mutual fund, including a descriptin of the fund, its performance and the risks and costs of owning it. Updated annually.

Holdings Report

Every single holding in the pool for each holding we've broken down the percentage of net assets, number of shares, market value, current dividend yield and annualized dividend income. Updated monthly.

Financial Statements

Summary of the pool's financial activities. Updated twice annually.



Contents of this web page are based on information that is publicly available or that has been provided by Value Partners Investments Inc. (Value Partners). The information provided includes views or opinions of Value Partners, in its capacity as the fund manager of VPI Corporate Bond Pool (the Pool), and does not constitute individual, legal, investment, or tax advice about the Pool or the issuers discussed therein. Information about specific issuers of securities has been made available by Value Partners for the sole purpose of providing additional background information on the holdings in the Pool, and is not intended to be investment advice about the merits of investing directly in these issuers. Please consult your own legal, investment, and/or tax advisor prior to making a decision to invest in the Pool.

The complete holdings of the Pool are disclosed in its Statement of Investment Portfolio semi-annually. On a quarterly basis, the Pool discloses its top 25 holdings in its Summary of Investment Portfolio. Both these documents are available on our website at www.valuepartnersinvestments.ca. Value Partners is a registered investment fund manager and has engaged Canso Investment Counsel Ltd., a registered portfolio manager, to make decisions about the investments made by the Pool–these investment decisions are not made by Value Partners.

Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the fund facts document and the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance will not tell you how the Pool will perform in the future.



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