75% S&P/TSX Composite Index 25% S&P 500 IndexBenchmark
Seeks to provide long term capital growth primarily through investment in a diversified portfolio of Canadian and U.S. equity securities.
Galibier follows a valuation driven, bottom up investment process. Galibier seeks underpriced securities by using fundamental research to determine a security’s underlying intrinsic value. Securities offering a discounted market price to intrinsic value are considered for the Fund.
To be included in the Fund, a stock must pass Galibier’s rigorous research and valuation process, which calculates the intrinsic value for each stock incorporating projections of 3 to 5 year future earnings, cash flow and balance sheet structure.
The benchmark weighting between Canadian and U.S. holdings in the Fund’s portfolio will be 75% Canadian/25% U.S. However, depending upon Galibier’s assessment of the markets, the U.S. weighting may fluctuate from 0 – 50% and the Canadian weighting from 50 – 100%.
Who Should Invest in this Fund
Investors who want exposure to Canadian and U.S. equities.
Investors seeking long term capital growth from their investment and are comfortable with the risks associated with equity investments.
Cash & Equivalents reflects unsettled trades, fees and derivatives and any other cash and equivalents positions held within the Fund.
In the sector allocation, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
GALIBIER CAPITAL MANAGEMENT
Managed the Fund Since
Joined the Firm
Began Investment Career
Joseph Sirdevan, CFA
Chief Executive Officer & Investor
Scott Connell, CFA
Galibier Capital Management Ltd. was founded in 2013 and manages Canadian and U.S. equity strategies. The firm has a high degree of intellectual heritage built from over 70 years of combined experience managing assets for investors. Galibier employs a rigorous, integrated, and consistent investment philosophy of valuation-driven, bottom-up stock selection to identify attractively priced companies.
Galibier Capital Management Ltd. is portfolio sub-advisor in respect of the Natixis Intrinsic Growth Class. The Natixis Intrinsic Growth Registered Fund invests substantially all its portfolio assets in non-publicly offered debt and Inter-Fund class shares of Natixis Intrinsic Growth Class.
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 share value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the investment fund or returns on investment in the investment fund. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions for Dividend and the Return of Capital should not be confused with a mutual fund’s performance, rate of return or yield. If distributions paid by a mutual fund are greater than the performance of the fund, then the investment will decline. Distributions paid as a result of capital gains realized by a mutual fund and income and dividends earned by a fund are taxable in the investor’s hands in the year they are paid. For Return of Capital, the adjusted cost base will be reduced by the amount of any returns of capital. If the adjusted cost base goes below zero, then investors will have to pay capital gains tax on the amount below zero.
NGAM Canada LP (the “Manager”) currently reduces or absorbs all or any portion of the management fee and/or operating expenses of the Fund and can terminate the reduction or absorption at any time. The Manager expects to continue to absorb these fees or expenses until such time as the Fund is of sufficient size to reasonably absorb all fees and expenses. The MER for the Natixis Intrinsic Growth Class, Dividend, Series A would be 4.28% if the Manager had not reduced or absorbed these expenses.