Alignvest Top 20 Fund is a concentrated long-only equity strategy that invests in a maximum of 20 securities with a focus on under-followed, mid-cap Canadian stocks (our core investment universe). Similar to our other mandates, Top 20 employs a value-oriented, fundamentally-driven, bottom-up approach to identifying investments that we believe are either misunderstood or mispriced by the market. The fund aims to generate higher returns than the S&P/TSX Total Return Index by trading in less efficient areas of the market and by focusing on our highest conviction ideas. From a risk perspective, Top 20 aims to deliver returns with similar or lower volatility than the broad equity market in Canada and is able to use cash to mitigate volatility. Alignvest Top 20 Fund may complement existing portfolios that are dominated by large cap and resource stocks in traditional mandates that closely track the S&P/TSX.
Alignvest Top 20 Fund is only available through registered IIROC dealers. Alignvest Top 20 Fund is a mutual fund subject to applicable regulations set out in National Instrument 81-102. 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. The payment of distributions is not guaranteed, may fluctuate and does not infer performance, rate of return, or internal yield of the Fund. The Fund’s stated return objective represents the manager’s annualized investment return objective and is not meant to imply actual future performance of the Fund. Always consult with your registered investment advisor before investing in mutual funds.