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Aston Hill has cultivated a diverse suite of products spanning sectors, geographies and asset classes in order to deliver funds that meet the varying needs of our investors.

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Mutual Funds

Aston Hill Canadian Total Return Fund & ClassFebruary 28, 2017

Fund Manager(s): Manitou Investment Management Ltd.
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Effective January 1, 2016, Manitou Investment Management Ltd. was appointed sub-advisor to the Fund, with Peter Hofstra acting as the lead for Manitou. For more information regarding this manager change, please click here to read the press release, or contact Aston Hill at 1-800-513-3868 or funds@astonhill.ca.

Investment Objectives

The Fund's investment objective is to seek to provide long-term returns by investing in a portfolio consisting primarily of Canadian equity securities. The Fund currently focuses on Canadian equity securities and to a lessor extent U.S. mid-to-large capitalization companies.  It is currently expected that between 50% and 90% of the Fund’s equity investments will be in Canadian companies and the weighted average market capitalization of such companies will be greater than the Canadian Focused Small/Mid Cap Equity threshold.*

Why Buy This Fund?

  • Provides a way to allocate to Canadian and U.S. equities with a focus on reducing downside risk; low correlation to Canadian investor portfolios and the indexes
  • Focused, opportunistic fund (15-25 securities; top 10 holdings typically >50%)
  • Use of liquid alternative strategies, including options, for downside protection and income generation

Performance Review

Monthly Performance (%)

JanFebMarAprMayJunJulAugSepOctNovDecYear
2017-1.05.3          4.3
2016-3.0-0.93.6-0.63.9-2.63.12.72.00.92.30.512.2
20150.72.5-0.20.20.1-1.1-1.9-2.1-2.22.61.0-3.4-4.0
20140.10.10.10.10.1-0.12.11.9-1.43.81.51.410.0
20130.10.10.10.10.00.00.10.00.10.10.10.00.6
20120.10.10.10.10.10.10.10.10.10.10.10.10.7
2011          0.00.20.2

This Fund was previously called Aston Hill Short-Term Income Fund. The Fund underwent a name change and change to objective and strategy effective June 26, 2014. The Portfolio Manager also changed from Vivian Lo to John Kim. The month by month performance, Compound Return information and Growth of $10,000 chart shown herein prior to July 2014 is the track record for Aston Hill Short-Term Income Fund Series A from Nov-2011 to Jun-2014. Series A then changed to Series Y on June 26, 2014. Performance from July 2014 onward is for Aston Hill Canadian Total Return Fund Series A.  Risk/Reward Analysis is from 01-07-2014 onwards. Performance between different series may vary due to different fee structures. Future return expectations should not be based on past performance. Total returns in local currency. Source: RBC IS, Bloomberg, PerTrac.

Compound Returns (%)

Fund/Index1 mo3 mo6 mo1 yr2 yr3 yrInception
Cdn Total Return5.34.810.321.74.37.34.3
S&P/TSX TR0.22.76.923.23.65.87.5
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Risk/Reward Analysis

FundBenchmark*
Annualized Compound ROR8.2%3.6%
Annualized Std. Deviation7.8%8.2%
Winning Months62.5%62.5%
Average Monthly Gain2.1%1.8%
Average Monthly Loss-1.7%-2.1%
Sharpe Ratio0.90.3
Correlation0.5-
Alpha0.5%-
Beta0.5-
*Benchmark is the S&P/TSX Composite Total Return Index

Portfolio Review

Asset Allocation

Equities
91.9%
Cash, Equivalents & Other Net Assets
8.1%

Geographic Allocation

Canada
%
United States
%
International
%

Sector Allocation

Information Technology
25.0%
Financials
23.2%
Industrial
15.4%
Consumer Staples
11.8%
Consumer Discretionary
8.1%
Cash & Equivalents
8.1%
Materials
4.1%
Energy
2.2%
Health Care
2.0%

Top Holdings

Great West Lifeco Inc.6.1%
Constellation Software Inc.6.0%
Walgreens Boots Alliance Inc.5.8%
Shopify Inc.5.6%
Apple Inc.5.3%
Enghouse Systems Ltd.5.2%
American Express Co. 4.7%4.5%
Stella Jones Inc.4.1%
Uni-Select Inc.4.1%
Magna International Inc.4.0%

Fund Facts

CIFSC Category:Canadian Focused Equity
NAVPS:$12.32(Fund, Series A)
Inception:November 22, 2011
AUM (Feb. 28, 2016):$5.7 million
MER (Jun.30, 2016):2.88% (Fund, Series A)
Minimum Purchase:$2,000 Initial, $50 Subsequent

Fund Codes

CADCorporate Class 
Series A (FE) AHF530Series A (FE) AHF580 
Series A (LSC) AHF531Series A (LSC) AHF581 
Series F AHF532Series F AHF582 
T-Series units available  

Risk Rating

When you invest in a fund, the value of your investment can go down as well as up. Aston Hill Asset Management Inc. has rated this Fund's risk as medium.
For a description of the specific risks of this Fund, see the Fund's simplified prospectus.

*Canadian Focused Small/Mid Cap Equity: $5.76 billion as at December 31, 2015. For the most current threshold visit http://www.cifsc.org/en/thresholds.php. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Please correct the following errors:

Minimum Investment Requirements

The AHF Credit Opportunities Fund is generally available to investors that can meet a certain minimum amount of money to invest. The minimum initial investment for residents in any province or territory in accordance with applicable securities laws is set out below:

All provinces and territories $125,000 or $25,000(1)
BC, NB, NS and NL Only: $5,000(2)

Notes:

(1) A minimum purchase of $25,000 is available to residents who meet certain requirements.
(2) A minimum purchase of $5,000 is available to residents who meet certain requirements and reside in BC, NB, NS and NL by way of the prescribed OM.
Investors should contact their investment dealer or Financial Advisor for more information.

If you can comfortably invest the minimum dollar amount required in your province or territory, please accept the disclaimer below to learn more about the AHF Credit Opportunities Fund.


Disclaimer: Information pertaining to AHF Credit Opportunities Fund is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units in the AHF Credit Opportunities Fund is made pursuant to its offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility requirements. Please read the offering memorandum carefully before investing.

Minimum Investment Requirements

The Aston Hill Opportunities Fund is generally available to investors that can meet a certain minimum amount of money to invest. The minimum initial investment for residents in any province or territory in accordance with applicable securities laws is set out below:

All provinces and territories $150,000 or $5,000(1)
BC, NB, NS and NL Only: $5,000(2)

Notes:

(1) A minimum purchase of $5,000 is available to residents who meet certain requirements.
(2) A minimum purchase of $5,000 is available to residents who meet certain requirements and reside in BC, NB, NS and NL by way of the prescribed OM.
Investors should contact their investment dealer or Financial Advisor for more information.

If you can comfortably invest the minimum dollar amount required in your province or territory, please accept the disclaimer below to learn more about the Aston Hill Opportunities Fund.


Disclaimer: Information pertaining to Aston Hill Opportunities Fund is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units in the Aston Hill Opportunities Fund is made pursuant to its offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility requirements. Please read the offering memorandum carefully before investing.

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Mar 25, 2017 03:09 EDT

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