Investment Policy Statement

Investment Objectives:

To provide a diversified portfolio, predominantly of Canadian Securities, that produces capital appreciation and moderate income.  The portfolio performance will be proportionately measured against the TSX and US Indices (0.7 x TSX Total Return) + (0.3 x DJIU x US$).

Investment Criteria:

The portfolio will consist of ten to twenty securities, all of which will be traded on the Canadian, or US Stock Exchanges.  The focus will be on Canadian Blue Chip companies, with a maximum of 30% of the portfolio invested in foreign content.  Non-Canadian securities will consist of US stocks, or Index Participation Units accessing North American and Global markets.  The portfolio will attempt to be fully invested; however, from time to time we may hold some cash in short term, high quality, fixed income instruments, or no-load money market funds.

Investment Horizon:

The portfolio will be invested to maximize returns over a complete market cycle.  An investor should have a planning horizon of at least five years and be able to tolerate market fluctuations that may yield negative returns for up to three to four quarters.

Market Value:

The minimum cost to purchase a Basket containing this portfolio is approximately $45,000(as of April 2019).

Management Style:

The portfolio will be selected from Blue Chip Canadian and US Stocks.  Approximately two-thirds of the stocks will be "buy and hold" while one-third may be shorter-term, growth opportunities.  When the fundamental outlook for a company turns negative, that stock will be sold.

Fee Schedule:

Fees start at 1.75% and may be reduced to 1.25% when the number of Baskets exceeds 50.

Asset Mix Guidelines:

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(Click on the headings to the left for Basket Information)