Ideal for investors seeking exposure to an actively managed, long-term Canadian equity portfolio focused on the S&P/TSX 60 Index. The Portfolio Management team has the ability to invest up to 25% of the Fund in U.S. stocks, and can enhance performance by investing up to 15% of the Portfolio in small cap companies.

Fund Details

Fund Type

North American Equity

Fund Mandate

Pure Growth®

Manager

Stone Asset Management Limited

Portfolio Manager

Stone Asset Management Limited

Fund Net Assets

$17.0 million

Distribution

For series A, B, F and L: Annual income and net capital gains in December. Distributions will be automatically reinvested unless you elect to receive them in cash. For series T8A, T8B and T8C: Target annual rate of 8% of the security’s net asset value on the last day of the previous calendar year. Income or return of capital or both monthly and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash.

Inception Date

November, 1995

Minimal Initial Investment

$1,000 (A, L & F) – $5,000 (T8A)

Why Invest


  • Portfolio Manager has 20+ years of stock picking experience.
  • Fund provides investors with limited exposure to higher growth small-cap companies.
  • Complement holding to value funds.
  • Exclusion of deep cyclicals means the Portfolio will likely be less correlated on a sector basis to other Canadian equity funds.
  • Not a closet index fund.

Purchase Options

Series Type Code Current NAVPS Prior NAVPS NAVPS Change Net Asset Value Last Updated
A Front SCL555 $ 11.0159 $ 11.1100 -0.85% $ 4,103,734 2017-10-18
*B DSC SCL556 $ 10.0461 $ 10.1320 -0.85% $ 5,254,776 2017-10-18
F Eligible SCL557 $ 13.4865 $ 13.6011 -0.84% $ 1,285,734 2017-10-18
T8A Front SCL5558 $ 4.5748 $ 4.6138 -0.85% $ 2,216,122 2017-10-18
*T8B DSC SCL5568 $ 4.3496 $ 4.3869 -0.85% $ 2,496,359 2017-10-18
*T8C Low SCL5588 $ 4.3562 $ 4.3935 -0.85% $ 439,420 2017-10-18
L Low SCL559 $ 14.5615 $ 14.6861 -0.85% $ 451,296 2017-10-18
* Closed to new purchases.

Portfolio Managers

Michael Giordano
Vice President, InvestmentsMichael GiordanoCPA, CA, MBA, CIM
Vice President, InvestmentsManager Start Date:2005
Experience:19 years of Investment Management
René Fantin
Senior Investment AnalystRené FantinMBA, CFA
Senior Investment AnalystManager Start Date:2015
Experience:4 years of Investment Management

Fund Performance (%)

COMPOUND DATA 1 Month 3 Month 6 Month Year To Date 1 Year 3 Year 5 Year 10 Year Since Inception
A 0.8 (0.4) (3.7) (1.5) 4.1 1.3 8.7 0.3 5.6
Benchmark 2.5 0.8 (1.3) 0.7 4.9 4.9 9.1 5.6 8.5
Last Update: 9-30-17


CALENDAR RETURN 20162015201420132012201120102009200820072006
A -9.8 10.8 23.3 27.7 2.4 (6.0) 3.0 21.8 (45.4) 7.5 15.9
Benchmark 18.6 (3.0) 13.5 18.3 8.5 (6.1) 16.0 29.7 (30.8) 5.6 17.1
Benchmark: 80% S&P TSX Composite, 20% S&P 500 $C. Effective August 22, 2017 the weighting changed to 50% S&P/TSX Composite and 50% S&P 500 $C.

Growth of $10,000 Since Inception

Portfolio Composition (%)

Top Holdings (%)

HOLDINGS
1 Stone Global Growth Fund, Sr. A 9.8%
2 UnitedHealth Group Inc. 5.1%
3 Amazon.com Inc 5.0%
4 Alphabet Inc., Cl. C 4.5%
5 Microsoft Corp 4.0%
6 Mastercard Inc 3.7%
7 Celgene Corp 3.5%
8 Visa 3.0%
9 Intact Financial Corporation 2.9%
10 Allergan PLC 2.9%
Total 44.4%