DOCSLIB.ORG

Unaudited Interim Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Unaudited Interim Financial Statements PEMBROKE CANADIAN ALL CAP POOLED FUND (formerly The Pembroke Canadian Large Cap Fund) UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 JUNE 30, 2020 UNAUDITED INTERIM FINANCIAL STATEMENTS TABLE OF CONTENTS Approval of Unaudited Interim Financial Statements 3 Notice of No Auditor Review of the Interim Financial Statements 4 Pembroke Canadian All Cap Pooled Fund (formerly The Pembroke Canadian Large Cap Fund) Statements of Financial Position 5 Statements of Comprehensive Income 6 Statements of Changes in Financial Position Attributable to Holders of Redeemable Units 7 Statements of Cash Flows 8 Schedule of Investment Portfolio 9 Notes to Interim Financial Statements 11 2 JUNE 30, 2020 UNAUDITED INTERIM FINANCIAL STATEMENTS Approval of the Unaudited Interim Financial Statements: For the six-month period ended June 30, 2020 Pembroke Canadian All Cap Pooled Fund (formerly The Pembroke Canadian Large Cap Fund) (referred to as the “Fund”) Approved by the Trustee, Pembroke Private Wealth Management Ltd. Jeffrey S. D. Tory Michael P. McLaughlin Director Director Montreal, August 24, 2020 3 JUNE 30, 2020 UNAUDITED INTERIM FINANCIAL STATEMENTS Unaudited Interim Financial Statements: For the six-month period ended June 30, 2020 Copies of the Unaudited Interim Financial Statements may be obtained at your request, and at no cost, by calling the toll-free numbers 1-800-668-7383 or 1-800-667-0716, by writing to us at Pembroke Private Wealth Management Ltd., 150 King Street, Suite 1210, Toronto, Ontario, M5H 1J9 or 1002 Sherbrooke Street West, Suite 1700, Montreal, Quebec, H3A 3S4, or by visiting our website at www.pml.ca. Copies of the Annual Financial Statements may also be obtained, at no cost, using any of the methods outlined above. Unitholders may also contact us using one of these methods to request a copy of the investment Fund’s proxy voting policies and procedures, proxy voting disclosure records or quarterly portfolio disclosures. Notice of no auditor review of the unaudited interim financial statements Pembroke Private Wealth Management Ltd., the Trustee of the Fund, appoints an independent auditor to audit the Fund’s Annual Financial Statements. Under Canadian securities laws (National Instrument 81- 106), if an auditor has not reviewed the Interim Financial Statements, this must be disclosed in an accompanying notice. The Fund’s independent auditor has not performed a review of these Interim Financial Statements in accordance with standards established by the Chartered Professional Accountants of Canada. 4 PEMBROKE CANADIAN ALL CAP POOLED FUND (formerly The Pembroke Canadian Large Cap Fund) STATEMENTS OF FINANCIAL POSITION (unaudited) As at June 30, 2020 Dec. 31, 2019 (IN CANADIAN DOLLARS) $ $ Assets Cash 2,863 7,231 Investments at fair value through profit or loss 426,533 419,838 Accrued income 356 545 QST receivable 36 18 Total assets 429,788 427,632 Liabilities HST Payable 7 4 Total liabilities (excluding net assets attributable to holders of redeemable units) 7 4 Net assets attributable to holders of redeemable units 429,781 427,628 Net assets attributable to holders of redeemable units per unit Net assets CAD 10.64 10.31 406,607 408,197 Investments, at cost The accompanying notes are an integral part of these interim financial statements 5 PEMBROKE CANADIAN ALL CAP POOLED FUND (formerly The Pembroke Canadian Large Cap Fund) STATEMENTS OF COMPREHENSIVE INCOME (unaudited) For the six-month periods ended June 30 2020 2019* (IN CANADIAN DOLLARS) $ $ Income Dividend income 2,972 5,291 Interest income for distribution purposes 33 50 Net realized gains (losses) on investments at fair value through profit or loss 4,327 807 Net change in unrealized gains (losses) on investments at fair value through profit or loss 8,285 22,020 Total operating income (loss) 15,617 28,168 Expenses Securityholders’ information fees 286 175 Filing fees 989 - Custodial fees 1,988 1,211 Legal fees 261 - Transaction costs on purchase and sale of investments 45 298 Total operating expenses 3,569 1,684 Profit (loss) before undernoted 12,048 26,484 Expenses absorbed by Manager 1,535 175 Profit (loss) after taxes 13,583 26,659 Increase (decrease) in net assets attributable to holders of redeemable units 13,583 26,659 Weighted average number of redeemable units outstanding during the period 41,355 38,600 Increase (decrease) in net assets attributable to holders of redeemable units per unit 0.33 0.69 *Beginning of operations January 31, 2019 The accompanying notes are an integral part of these interim financial statements 6 PEMBROKE CANADIAN ALL CAP POOLED FUND (formerly The Pembroke Canadian Large Cap Fund) STATEMENTS OF CHANGES IN FINANCIAL POSITION ATTRIBUTABLE TO HOLDERS OF REDEEMABLE UNITS (unaudited) For the six-month periods ended June 30 2020 2019* (IN CANADIAN DOLLARS) $ $ Net assets attributable to holders of redeemable units at beginning of period 427,628 - Increase (decrease) in net assets attributable to holders of redeemable units 13,583 26,659 Redeemable unit transactions Proceeds from redeemable units issued - 386,000 Redemption of redeemable units (11,430) - Net increase (decrease) from unit transactions (11,430) 386,000 Net assets attributable to holders of redeemable units at end of period 429,781 412,659 *Beginning of operations January 31, 2019 The accompanying notes are an integral part of these interim financial statements 7 PEMBROKE CANADIAN ALL CAP POOLED FUND (formerly The Pembroke Canadian Large Cap Fund) STATEMENTS OF CASH FLOWS (unaudited) For the six-month periods ended June 30 2020 2019* (IN CANADIAN DOLLARS) $ $ Cash flows provided from operating activities Increase (decrease) in amount attributable to holders of redeemable units 13,583 26,659 Adjustments for: Interest income for distribution purposes (33) (50) Dividend income (2,972) (5,291) 10,578 21,318 Net increase (decrease) in investments at fair value through profit or loss Purchase of investments (75,166) (384,899) Proceeds from sale and maturity of investments 81,038 4,910 Net realized losses (gains) on investments at fair value through profit or loss (4,327) (807) Net change in unrealized losses (gains) on investments at fair value through profit or loss (8,285) (22,020) Transaction costs on purchase and sale of investments 45 298 Net decrease (increase) in other receivables (18) - Net decrease (increase) in other payables 3 1 3,868 (381,199) Interest received 33 50 Dividends received 3,161 4,485 Net cash flows provided from operating activities 7,062 (376,664) Cash flows provided from financing activities Proceeds from redeemable units issued - 386,000 Net cash flows provided from financing activities (11,430) 386,000 Net increase (decrease) in cash (4,368) 9,336 Cash at the beginning of the period 7,231 - Cash at the end of the period 2,863 9,336 Non-Cash Transactions None for the periods ending June 30, 2020 and June 30, 2019 *Beginning of operations January 31, 2019 The accompanying notes are an integral part of these interim financial statements 8 PEMBROKE CANADIAN ALL CAP POOLED FUND (formerly The Pembroke Canadian Large Cap Fund) Schedule of Investment Portfolio As at June 30, 2020 (IN CANADIAN DOLLARS, EXCEPT SHARE AM OUNTS) Number of Cost Fair Value shares Investments $ $ Canadian equities Communication Services - 2.58 % 203 Rogers Communications 13,568 11,074 Consumer Discretionary - 12.40 % 671 Aritzia 12,752 12,756 354 Bombardier Recreational Products 21,482 20,497 444 Dollarama 19,076 20,051 53,310 53,304 Consumer Staples - 8.91 % 502 Alimentation Couche-Tard 19,861 21,370 445 Maple Leaf Foods 13,206 12,687 76 Metro 3,983 4,256 37,050 38,313 Energy - 2.24 % 1,121 PrairieSky Royalty 9,484 9,618 Financials - 18.36 % 253 Brookfield Asset Management 12,280 11,304 402 Canadian Western Bank 12,784 9,507 482 Guardian Capital Group 12,897 10,002 185 IA Financial Group 12,913 8,410 205 Royal Bank of Canada 20,525 18,883 155 TMX Group 17,154 20,806 88,553 78,912 Industrials - 10.11 % 32 Boyd Group Services 6,464 6,466 227 Ritchie Bros. Auctioneers 12,878 12,546 186 Toromont Industries 12,072 12,531 143 WSP Global 12,688 11,906 44,102 43,449 Information Technology - 24.29 % 154 Ceridian HCM Holding 13,016 16,671 148 CGI 14,391 12,658 9 Constellation Software 13,590 13,796 366 Enghouse Systems 17,926 26,535 735 Evertz Technologies 12,968 8,247 70 Kinaxis 7,295 13,584 224 OpenText 12,399 12,914 91,585 104,405 The accompanying notes are an integral part of these interim financial statements 9 PEMBROKE CANADIAN ALL CAP POOLED FUND (formerly The Pembroke Canadian Large Cap Fund) Schedule of Investment Portfolio - (continued) As at June 30, 2020 (IN CANADIAN DOLLARS, EXCEPT SHARE AMOUNTS) Number of Cost Fair Value shares Investments $ $ Canadian equities - (continued) Materials - 14.72 % 21 Shopify 7,216 27,085 281 CCL Industries 15,746 12,330 65 Franco-Nevada 7,373 12,327 338 Stella-Jones 12,886 11,539 43,221 63,281 Real Estate - 5.63 % 333 Altus Group 12,834 13,583 136 Colliers International 12,900 10,594 25,734 24,177 Total Investments - Canadian equities - 99.24 % 406,607 426,533 Other assets - net - 0.76 % 3,248 Total net assets - 100.00 % 429,781 The accompanying notes are an integral part of these interim financial statements 10 NOTES TO THE INTERIM FINANCIAL STATEMENTS Period ended June 30, 2020 (unaudited) 1. The Fund (i) Establishment of the Fund Pembroke Canadian All Cap Pooled Fund (formerly The Pembroke Canadian Large Cap Fund) (the “Fund”) is an open-end mutual fund established under the laws of the Province of Ontario pursuant to a Master Declaration of Trust dated January 31, 2020.
Load more

Recommended publications
  • Quarterly Update Volume 26, Number 1 First Quarter, March 31, 2021 Quarterly Update
    GROUP SAVINGS AND RETIREMENT Quarterly Update Volume 26, Number 1 First Quarter, March 31, 2021 Quarterly Update Group Savings Contents and Retirement Economic and Financial Environment . 4 Global Fixed Income (PIMCO) . 70 Floating Rate Bank Loan (AlphaFixe) . 71 Market indicators . 14 Diversified Funds Investment options . 16 Diversified Security . 72 Our Investment Advisors . 17 Balanced Moderate Index (BlackRock) . 73 ATTITUDE portfolios . 23 Diversified . 74 Balanced (Beutel Goodman) . 75 Group Investment Funds . 27 Balanced (Jarislowsky) . 76 Target Date Funds Balanced Growth (MFS) . 77 LifePath Retirement Index I (BlackRock) . 28 Balanced (PH&N) . 78 LifePath 2025 Index (BlackRock) . 29 Diversified Opportunity . 79 LifePath 2030 Index (BlackRock) . 30 Fidelity Canadian Asset Allocation . 80 LifePath 2035 Index (BlackRock) . 31 Canadian Equity Funds LifePath 2040 Index (BlackRock) . 32 Canadian Equity Index (BlackRock) . 81 LifePath 2045 Index (BlackRock) . 33 Dividend . 82 LifePath 2050 Index (BlackRock) . 34 Canadian Dividend (Beutel Goodman) . 83 LifePath 2055 Index (BlackRock) . 35 Canadian Equity Value (PH&N) . 84 LifePath 2060 Index (BlackRock) . 36 Canadian Equity (QV) . 85 Fidelity ClearPath Income . 37 Fidelity Canadian Focused Equity . 86 Fidelity ClearPath 2020 . 38 Canadian Equity Growth . 87 Fidelity ClearPath 2025 . 39 Canadian Equity Q Growth (CC&L) . 88 Fidelity ClearPath 2030 . 40 Canadian Equity (Fiera Capital) . 89 Fidelity ClearPath 2035 . 41 Canadian Ethical Equity Fossil Fuel Free (Fiera Capital) . 90 Fidelity ClearPath 2040 . 42 Canadian Equity (Jarislowsky) . 91 Fidelity ClearPath 2045 . 43 Canadian Equity Fossil Fuel Free (Jarislowsky) . 92 Fidelity ClearPath 2050 . 44 Canadian Equity (MFS) . 93 Fidelity ClearPath 2055 . 45 Fidelity True North® . 94 Fidelity ClearPath 2060 . 46 Responsible Canadian Research Equity (MFS) . 95 Asset Allocation Funds Canadian Equity Small Cap .
    [Show full text]
  • Inondations 3 Mois ANG-V3.Ai
    Three-month Action Report 2017 SPRING FLOODS IN QUEBEC AN IMPRESSIVE HUMANITARIAN COMMITMENT In the spring of 2017, record rainfall caused extensive flooding in several Canadian provinces, when thousands of people had to flee their homes and neighbourhoods. In all instances, the Canadian Red Cross rose to help individuals and families in need. In its role as partner to the Quebec government in assisting disaster victims, the Red Cross helped the Quebec ministère de la Sécurité publique (MSP) and municipalities in managing the effects of the floods on people. The more heavily impacted regions were the Montreal metropolitan area, Outaouais, Montérégie, Mauricie, Lanaudière and Laurentides. At the height of the crisis, the official tally evidenced the extent of the disaster: 261 municipalities stricken in 15 administrative regions; 5 371 main residences flooded; and almost 400 highways damaged. PROVIDING ASSISTANCE IN A TWO-STEP PROCESS Following the Red Cross fundamental principles All Red Cross programs abide by fundamental principles to preserve the dignity of beneficiaries while offering just and appropriate assistance. « Thanks to the generosity of our donors and to the support of the ministère de la Sécurité publique, the Canadian Red Cross was able to provide disaster-impacted people with assistance at various levels: immediate emergency help; direct respite assistance; support toward recovery. We are extremely grateful! » Pascal Mathieu, Vice-President, Canadian Red Cross, Quebec region. Immediate emergency help “It’s been three months now since we were flooded. My house is a total loss. My wife and I are no longer With the financial support of ministère de la Sécurité young and we provide for our son; the three of us have publique, the Red Cross coordinated immediate been living in a hotel room since May.
    [Show full text]
  • Fund Facts Booklet Dated December 31, 2020
    RIDER TO THE ECOFLEX FUND FACTS BOOKLET DATED DECEMBER 31, 2020 Ecoflex Contract issued by Industrial Alliance Insurance and Financial Services Inc. 1080 Grande Allée West, PO Box 1907, Station Terminus Quebec City, Quebec G1K 7M3 1-844-442-4636 [email protected] On August 31, 2021, the Fund Facts booklet (hereinafter the “Booklet”), which forms part of the Information Folder related to the Ecoflex Contract is amended to reflect the following change: — The investment strategy of the following fund has been updated: - International Equity LIST OF AMENDEMENTS Effective August 31, 2021, this rider amends the Booklet in accordance with the following provisions: 1. The investment strategies have been updated as below: 1.1 International Equity: The Fund is composed of a selection of quality international equities with good growth potential and attractive value, in companies located outside North America. CERTIFICATION Industrial Alliance Insurance and Financial Services Inc. certifies that the Booklet, as amended by this rider, briefly and simply discloses all material facts relating to the variable nature of the Funds offered under the Individual Variable Annuity Contract – Ecoflex. Denis Ricard Jennifer Dibblee President and Chief Executive Officer Vice-President, Legal Services Corporate Secretary This rider, dated August 31, 2021, forms an integral part of the Fund Facts Booklet and the EcoflexInformation Folder. iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc. ia.ca ACC F14-3A-5(21-09) INVESTMENT FUNDS / As 31, December at 2020 Ecoflex Fund Facts TABLE OF CONTENTS FOCUS FUNDS CANADIAN EQUITY FUNDS Focus Prudent . 2 Strategic Equity Income .
    [Show full text]
  • Interim Report and Financial Statements
    Fidelity Investment Funds Interim Report and Financial Statements For the six months ended 31 August 2020 Fidelity Investment Funds Interim Report and Financial Statements for the six month period ended 31 August 2020 Contents Director’s Report* 1 Statement of Authorised Corporate Director’s Responsibilities 2 Director’s Statement 3 Authorised Corporate Director’s Report*, including the financial highlights and financial statements Market Performance Review 4 Summary of NAV and Shares 6 Accounting Policies of Fidelity Investment Funds and its Sub-funds 9 Fidelity American Fund 10 Fidelity American Special Situations Fund 12 Fidelity Asia Fund 14 Fidelity Asia Pacific Opportunities Fund 16 Fidelity Asian Dividend Fund 18 Fidelity Cash Fund 20 Fidelity China Consumer Fund 22 Fidelity Emerging Asia Fund 24 Fidelity Emerging Europe, Middle East and Africa Fund 26 Fidelity Enhanced Income Fund 28 Fidelity European Fund 30 Fidelity European Opportunities Fund 32 Fidelity Extra Income Fund 34 Fidelity Global Dividend Fund 36 Fidelity Global Enhanced Income Fund 38 Fidelity Global Focus Fund 40 Fidelity Global High Yield Fund 42 Fidelity Global Property Fund 44 Fidelity Global Special Situations Fund 46 Fidelity Index Emerging Markets Fund 48 Fidelity Index Europe ex UK Fund 50 Fidelity Index Japan Fund 52 Fidelity Index Pacific ex Japan Fund 54 Fidelity Index Sterling Coporate Bond Fund 56 Fidelity Index UK Fund 58 Fidelity Index UK Gilt Fund 60 Fidelity Index US Fund 62 Fidelity Index World Fund 64 Fidelity Japan Fund 66 Fidelity Japan Smaller
    [Show full text]
  • Genesis Info, Series IV
    Genesi s INF O SERIES IV Review Accounts Index March 31, 2021 31, March 5/Number50FirstQuarter Volume Genesis Info Contents Market Indices Active Management Money Market Account . 3 Global Diversified (iA) Account . 19 Bonds Account . 4 Global Diversified (Loomis Sayles) Account . 20 Canadian Stocks Account . 5 Strategic Equity Income (iA) Account . 21 Global Stocks Account . 6 Dividend Growth (iA) Account . 22 International Stocks Account . 7 Canadian Stocks (Fidelity) Account . 23 European Stocks Account . 8 Canadian Stocks Small Cap (Fidelity) Account . 24 U .S . Stocks Account . 9 Global Dividend (Dynamic) Account . 25 U .S . Stocks / DAQ Account . 10 Global Stocks (iA) Account . 26 Global Allocation Account . 11 NorthStar® (Fidelity) Account . 27 International Stocks (iA) Account . 28 Diversified Strategy European Stocks (Fidelity) Account . 29 Prudent Account . 12 U .S .Dividend Growth (iA) Account . 30 Moderate Account . 13 Global Health Care (Renaissance) Account . 31 Balanced Account . 14 Growth Account . 15 Table of net returns as at March 31, 2021............. 32 Aggressive Account . 16 Legal Notices ................................... 33 Active Management Canadian Bonds (iA) Account . 17 Diversified (iA) Account . 18 Genesis Info First quarter, ending March 31, 2021 - 2 - Industrial Alliance Market Indices Risk level Money Market Account Series IV As at March 31, 2021 Investment Advisor Objectives of the Account Commentary • Oriented on short term revenues The Money Market Account reflects the performance • Priority placed on capital protection of the Bank of Canada’s Target for the overnight rate . • Conforms to a short term investment horizon Treasury bills are among the safest investments in the country, since they are quality securities guaranteed by Management team composed of several managers the Canadian government .
    [Show full text]
  • Quarterly Update Volume 25, Number 3 Third Quarter, September 30, 2020
    GROUP SAVINGS AND RETIREMENT Quarterly Update Volume 25, Number 3 Third Quarter, September 30, 2020 Quarterly Update Group Savings Contents and Retirement Economic and Financial Environment .................... 3 Canadian Equity (Fiera Capital) ............................ 67 Market indicators..................................... 10 Canadian Equity (Jarislowsky).............................. 68 Canadian Equity (MFS)................................... 69 Investment Options ................................... 13 Fidelity True North® ..................................... 70 Our Investment Advisors............................... 15 Responsible Canadian Research Equity (MFS) .................. 71 ATTITUDE Portfolios................................... 21 Canadian Equity Smalll Cap . 72 Asset Allocation Funds Canadian Equity Small Cap (QV) ........................... 73 Asset Allocation - Conservative ............................ 26 Foreign Equity Funds Asset Allocation - Moderate............................... 27 Global Equity Index ACWI (BlackRock) . 74 Asset Allocation - Balanced ............................... 28 Global Equity .......................................... 75 Asset Allocation - Growth ................................ 29 Global Equity Low Volatility ACWI (TD) ...................... 76 Asset Allocation - Aggressive Growth........................ 30 Global Equity (Hexavest) ................................. 77 Portfolio Series Income (CI) ............................... 31 Global Equity (C$-Hedged) (Hexavest) ......................
    [Show full text]
  • My Education Plus Fund Facts
    RIDER TO THE MY EDUCATION+ FUND FACTS BOOKLET DATED DECEMBER 31, 2020 My Education+ Contract issued by Industrial Alliance Insurance and Financial Services Inc. 1080 Grande Allée West, PO Box 1907, Station Terminus Quebec City, Quebec G1K 7M3 1-844-442-4636 [email protected] On August 31, 2021, the Fund Facts booklet (hereinafter the “Booklet”), which forms part of the Information Folder related to the My Education+ Contract is amended to reflect the following changes: — The investment strategies of the two following funds have been updated: - Global True Conviction - International Equity LIST OF AMENDEMENTS Effective August 31, 2021, this rider amends the Booklet in accordance with the following provisions: 1. The investment strategies have been updated as below: 1.1 Global True Conviction: The Fund advisor will seek to build a fairly diversified portfolio with similar representation in each of the 3 geographic regions it will invest in (Canada, United States, Europe/Asia). The 3 sub-portfolios will be managed by different portfolio managers that will aim to include their highest conviction investment ideas in each sub-portfolio. Risk management criteria will however ensure proper sector diversification. 2.2 International Equity: The Fund is composed of a selection of quality international equities with good growth potential and attractive value, in companies located outside North America. CERTIFICATION Industrial Alliance Insurance and Financial Services Inc. certifies that the Booklet, as amended by this rider, briefly and simply discloses all material facts relating to the variable nature of the Funds offered under the Individual Variable Annuity Contract – My Education+. Denis Ricard Jennifer Dibblee President and Chief Executive Officer Vice-President, Legal Services Corporate Secretary This rider, dated August 31, 2021, forms an integral part of the Fund Facts Booklet and the My Education+ Information Folder.
    [Show full text]
  • Fidelity True North
    FUND FACTS Industrial Alliance Insurance and Financial Services Inc. My Education+ FIDELITY TRUE NORTH® FUND Information as at December 31, 2020 QUICK FACTS Date of first offer under My Education+: June 6, 2016 Management Expense Ratio (MER)2 : 2.85% Portfolio Advisor: Fidelity Investments Net Asset Value per Unit : $60.59 Total Fund Value: $251.5 million Number of Units Outstanding: 5,067,612 Prestige Preferential Pricing1 Portfolio Turnover Rate: 4.48% Management Expense Ratio (MER)2 : 2.61% Minimum Investment: $25 Net Asset Value per Unit : $61.36 WHAT DOES THIS FUND INVEST IN? This fund invests in units of the Fidelity True North® Fund, which invests mainly in equities of Canadian companies, across all market sectors and market capitalizations. Top 10 investments of the underlying fund Sector Allocation of the underlying Investment segmentation of fund the underlying fund Royal Bank of Canada Financials 22.12% Canadian Equity 89.78% The Toronto-Dominion Bank Information Technology 12.72% Foreign Equity 8.26% Shopify Inc. Industrials 11.11% Short Term and others 1.95% Barrick Gold Corp. Materials 10.49% Canadian bonds 0.01% Canadian National Railway Co. Energy 7.98% Total 100.00% Brookfield Asset Management Inc. Consumer Discretionary 7.77% Dollarama Inc. Consumer Staples 5.26% Suncor Energy Inc. Communication Services 4.74% Canadian Natural Resources Ltd. Utilities 4.58% Alimentation Couche-Tard Inc., Class B, SV Health Care 1.79% Top 10 holdings represents 36.58% of the underlying fund’s net Real Estate 1.22% assets. Total 89.78% Total investments: 130 WHO IS THIS FUND FOR? HOW HAS THE FUND PERFORMED? The fund may be suitable for an investor who: This section tells you how the fund has performed over the past years for • seeks superior long-term capital appreciation the Classic Series 75/75.
    [Show full text]
  • Fund Facts Booklet Dated December 31, 2020
    RIDER TO THE ECOFLEXTRA FUND FACTS BOOKLET DATED DECEMBER 31, 2020 Ecoflextra Contract issued by Industrial Alliance Insurance and Financial Services Inc. 1080 Grande Allée West, PO Box 1907, Station Terminus Quebec City, Quebec G1K 7M3 1-844-442-4636 [email protected] On August 31, 2021, the Fund Facts booklet (hereinafter the “Booklet”), which forms part of the Information Folder related to the Ecoflextra Contract is amended to reflect the following changes: — The investment strategies of the two following funds available in the “Guaranteed Surrender Series1” of Ecoflextra have been updated: - Global Disciplined Equity (iAIM) - International Disciplined Equity (iAIM) — The investment strategy of the following fund available in the “Classic Series 75/752” of Ecoflextra has been updated: - International Equity LIST OF AMENDEMENTS Effective August 31, 2021, this rider amends the Booklet in accordance with the following provisions: 1. The investment strategies have been updated as below: 1.1 Global Disciplined Equity (iAIM): The manager’s strategy is to invest in a well-diversified portfolio of securities from companies around the world with attractive growth potential and attractive valuation. The manager also ensures disciplined risk management. 2.2 International Disciplined Equity (iAIM): The manager’s strategy is to invest in a well-diversified portfolio of securities from companies outside of North America with attractive growth potential and attractive valuation. The manager also ensures disciplined risk management. 3.3 International Equity: The Fund is composed of a selection of quality international equities with good growth potential and attractive value, in companies located outside North America. 1 The Guaranteed Surrender Series is not available for new sales or new investments (deposits) in existing contracts.
    [Show full text]
  • Group Savings Plan
    Canadian Scholarship Trust Plan C.S.T. Consultants Inc. Sponsor Canadian Scholarship Trust Foundation 2235 Sheppard Avenue East, Suite 1600 Toronto, Ontario M2J 5B8 1.877.333.RESP (7377) Investment Fund Manager and Distributor C.S.T. Consultants Inc. 2235 Sheppard Avenue East, Suite 1600 Toronto, Ontario M2J 5B8 Trustee RBC Investor Services Trust 155 Wellington Street West, 2nd Floor Toronto, Ontario M5V 3L3 Auditor Deloitte LLP Bay Adelaide East 8 Adelaide Street West, Suite 200 Toronto, Ontario M5H 0A9 Bank Royal Bank of Canada Royal Bank Plaza South Tower 200 Bay Street, 10th Floor Canadian Scholarship Trust Toronto, Ontario M5J 2J5 Group Savings Plan For updates on your Plan account, login to Online Services at www.cst.org Semi-Annual Financial Statements In Quebec, Canadian Scholarship Trust Plan is distributed by C.S.T. Consultants Inc. Scholarship Plan Brokerage Firm. Unaudited April 30, 2019 F.P.O 2002 P4-E (2019-05) Canadian Scholarship Trust Group Savings Plan Contents Page Statements of Financial Position 1 Statements of Comprehensive Income 2 Statements of Changes in Net Assets Attributable to Subscribers and Beneficiaries 2 Statements of Cash Flows 3 Schedule I – Statement of Investment Portfolio 4 Notes to the Financial Statements 6 Government Grants (Appendix I to Schedule I) 12 Sales Charge Refund Entitlements (Appendix II to Schedule I) 16 Unaudited semi-annual financial statements The accompanying semi-annual financial statements have not been reviewed by the external auditors of the Plan in accordance with assurance
    [Show full text]
  • Ia Investment Watch
    iA Investment Economic and Market Overview and Featured Funds Watch For advisor use only Quarterly / September / 2019 Economic and Market Overview Clément Gignac International United States The world economy has continued to display signs of a Multiple signs indicate that the U.S. economy cannot remain, synchronized slowdown in the third quarter of 2019. During in the words of the great Alan Greenspan, “an oasis of this period, the world has seen significant deterioration prosperity” while the rest of the world deals with a generalized in negotiations between China and the United States, slowdown. Certainly, the most significant indicator is the ISM as both countries repeatedly announced tariff increases. manufacturing index, which is probably the gauge that shows Once again, this escalation was triggered by the U.S. the strongest historical correlation with GDP growth in the President’s impatience with China’s sluggishness in acceding U.S. It has dropped below 50, signalling a contraction of to his demands. From a purely economic standpoint, the activity in this sector. The risks of a recession in the U.S. Organisation for Economic Co-operation and Development in the next 12 to 18 months are, in our view, on the rise (OECD) struck a new note of pessimism in its outlook but remain between 35 and 40%. Accordingly, a recession by lowering once again its forecasts for global economic is not our baseline scenario. expansion from 4.0% to 2.9% in 2019 and to 3.0% in 2020. Canada Europe Canada’s economy continues to show tremendous resilience. Germany, Europe’s leading economy, will soon officially be in Driven by rebounding oil production and, incidentally, energy a technical recession (that is, as soon as the country’s exports, the country’s economic growth rate rose to nearly third-quarter GDP growth figures are officially published, since 4.0% in the second quarter.
    [Show full text]
  • Unaudited Interim Financial Statements
    PEMBROKE MONEY MARKET FUND (formerly The GBC Money Market Fund) PEMBROKE CANADIAN BOND FUND (formerly The GBC Canadian Bond Fund) PEMBROKE CORPORATE BOND FUND (formerly The GBC Corporate Bond Fund) PEMBROKE GROWTH AND INCOME FUND (formerly The GBC Growth and Income Fund) PEMBROKE GLOBAL BALANCED FUND (formerly The GBC Global Balanced Fund) PEMBROKE CANADIAN GROWTH FUND (formerly The GBC Canadian Growth Fund) PEMBROKE AMERICAN GROWTH FUND INC. (formerly The GBC American Growth Fund Inc.) PEMBROKE INTERNATIONAL GROWTH FUND (formerly The GBC International Growth Fund) PEMBROKE CONCENTRATED FUND UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 JUNE 30, 2020 UNAUDITED INTERIM FINANCIAL STATEMENTS TABLE OF CONTENTS Approval of Unaudited Interim Financial Statements 4 Notice of No Auditor Review of the Interim Financial Statements 5 Pembroke Money Market Fund (formerly The GBC Money Market Fund) Statements of Financial Position 6 Statements of Comprehensive Income 7 Statements of Changes in Financial Position Attributable to Holders of Redeemable Units 8 Statements of Cash Flows 9 Schedule of Investment Portfolio 10 Pembroke Canadian Bond Fund (formerly The GBC Canadian Bond Fund) Statements of Financial Position 11 Statements of Comprehensive Income 12 Statements of Changes in Financial Position Attributable to Holders of Redeemable Units 13 Statements of Cash Flows 14 Schedule of Investment Portfolio 15 Pembroke Corporate Bond Fund (formerly The GBC Corporate Bond Fund) Statements of Financial Position 17
    [Show full text]