heading_image

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.

Nearly four in five investors globally would take safety over performance if forced to choose. It’s time to look beyond the traditional 60—40 allocation to stocks and bonds and incorporate investments that can improve the outcome of your portfolio. 
Explore Your Alternatives

Mutual Funds

Aston Hill Millennium FundMarch 31, 2017

Fund Manager(s): Barry Morrison
Printer Friendly
Commentary Commentary-tooltip
Performance Performance-tooltip

Investment Objectives

The Fund's investment objective is to achieve the highest possible return that is consistent with a conservative fundamental investment philosophy through investments primarily in a balanced and diversified portfolio of Canadian income securities.  To achieve its investment objective, the Fund intends to invest mainly in Canadian fixed income securities, income trusts, and common shares with varying exposures to these areas depending on their relative attractiveness.  The Manager may use derivatives such as options, futures, forward contracts, swaps, and other similar instruments, in a manner considered appropriate to achieving the Fund's investment objectives.

Why Buy This Fund?

  • Focused on generating a high level of income through Canadian dividend paying equities
  • More concentrated portfolio that aims to grow both the income stream and capital base
  • Manager with over 30 years of experience managing income-focused portfolios
  • Monthly distribution of $0.042/unit (~ 4.9% yield per annum)

Performance Review

Monthly Performance (%)

JanFebMarAprMayJunJulAugSepOctNovDecYear
20170.71.91.3         3.9
2016-3.50.96.7-0.53.51.54.61.52.90.1-1.83.120.4

TEST

Compound Returns (%)

Fund/Index1 mo3 mo6 mo1 yrInception
Millennium1.33.95.320.411.8

Risk/Reward Analysis

FundBenchmark*
Annualized Compound ROR--
Annualized Std. Deviation9.8%-
Winning Months68.4%-
Average Monthly Gain2.4%-
Average Monthly Loss-2.3%-
Sharpe Ratio (1.5%)1.0-
Correlation0.4-
Alpha0.4%-
Beta1.8-
*BAML High Yield Cash Pay Index 10%, FTSE TMX Canada Universe 30%, S&P/TSX CAP REI 10%, S&P/TSX DVD COMPOS. 50%

Portfolio Review

Asset Allocation

Equities
96.3%
Cash, Equivalents & Other Net Assets
3.7%

Geographic Allocation

Canada
%
United States
%

Sector Allocation

Financials
34.8%
Energy
20.3%
Utilities
15.7%
Industrials
11.5%
Consumer Discretionary
3.9%
Consumer Staples
3.9%
Real Estate
3.8%
Cash & Equivalents
3.7%
Health Care
2.4%

Top Holdings

Northland Power Inc.8.8%
Liquor Stores N.A. Ltd.5.0%
Medical Facilities Corp.4.8%
Brookfield Renewable Energy Partners4.7%
Altagas Ltd.4.5%
Veresen Inc.4.1%
Cineplex Inc.3.9%
Park Lawn Corp.3.9%
American Hotel Income Properties3.8%
Storagevault Canada Inc.3.6%

Fund Facts

CIFSC Category:Canadian Dividend & Income Equity
NAVPS:$11.00(Fund, Series A)
Inception:August 28, 2015
AUM (Mar. 31, 2016):$21.1 million
Distribution:$0.042/unit
Yield:~ 4.7% per annum
MER (Jun. 30, 2016):2.60% (Fund, Series A)
Minimum Purchase:$2,000 Initial, $50 Subsequent

Fund Codes

CAD  
Series A (FE) AHF1000  
Series A (LSC) AHF1100  
Series F AHF1101  
Series I AHF1102  

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 low to medium.
For a description of the specific risks of this Fund, see the Fund’s simplified prospectus.

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.

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.

X


close.jpg

click-here.jpg

Markets

Apr 29, 2017 12:37 EDT

S&P/TSX 79.66 icon-arrow-up-green-small-dark.png 15,586.13
S&P 500 -4.57 icon-arrow-down-red-small.png 2,384.20
Dow Jones -40.82 icon-arrow-down-red-small.png 20,940.51
NASDAQ -1.33 icon-arrow-down-red-small.png 6,047.61
CAD/USD -0.00 icon-arrow-down-red-small.png 0.73
Oil (NY) 0.22 icon-arrow-up-green-small-dark.png 49.19
Gold 3.60 icon-arrow-up-green-small-dark.png 1,269.50
Natural Gas 0.03 icon-arrow-up-green-small-dark.png 3.27
back-to-top.png