EdgePoint Wealth Management EdgePoint Wealth Management

On April 13, 2022, Portfolio managers Frank Mullen and Derek Skomorowski discussed how they believe the fixed income environment is changing and why investors' fixed income portfolios shouldn't be based on what worked in the past.

Presentation date/ recorded on: April 13, 2022.

Webinar playback: https://edgepoint.hubs.vidyard.com/watch/tkBgMcsXBD6WWeJHdJo3zP?

Supporting material/ disclaimers: https://assets.ctfassets.net/kq9jrkvln56p/bsIXpPVOqbWsKPrAOXljs/6be74785639b73fd2992e9fd179d37dd/Fixed_income_webinar_-_2022-04-13__Investor_use_.pdf

Returns:
As at March 31, 2022. Total returns, net of fees in C$. Returns for periods over one year annualized. Since inception returns since EdgePoint Portfolio inception (November 17, 2008). All Series A.
EdgePoint Global Portfolio (EPGP)
YTD: -6.63%; 1-year: 0.42%; 3-year: 4.07%; 5-year: 6.10%; 10-year: 11.51%; since inception: 12.88%.
MSCI World Index
YTD: -6.21%; 1-year: 9.44%; 3-year: 12.43%; 5-year: 10.96%; 10-year: 13.38%; since inception: 12.24%.
EdgePoint Canadian Portfolio (EPCP)
YTD: 3.16%; 1-year: 27.40%; 3-year: 15.04%; 5-year: 8.78%; 10-year: 9.55%; since inception: 12.29%.
S&P/TSX Composite Index
YTD: 3.82%; 1-year: 20.19%; 3-year: 14.15%; 5-year: 10.34%; 10-year: 9.08%; since inception: 10.31%.
EdgePoint Global Growth & Income Portfolio (EPGIP)
YTD: -4.51%; 1-year: 1.17%; 3-year: 3.71%; 5-year: 5.13%; 10-year: 9.13%; since inception: 10.62%.
60% MSCI World Index / 40% ICE BofA Canada Broad Market Index
YTD: -6.40%; 1-year: 3.88%; 3-year: 7.68%; 5-year: 7.29%; 10-year: 9.07%; since inception: 8.96%.
EdgePoint Canadian Growth & Income Portfolio (EPCIP)
YTD: 1.55%; 1-year: 16.85%; 3-year: 11.05%; 5-year: 7.14%; 10-year: 8.08%; since inception: 10.23%.
60% S&P/TSX Composite Index / 40% ICE BofA Canada Broad Market Index
YTD: -0.48%; 1-year: 9.93%; 3-year: 8.79%; 5-year: 7.01%; 10-year: 6.60%; since inception: 7.88%.
Our portfolio benchmarks:
EPGP: MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market.
EPCP: S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market.
EPGIP: 60% MSCI World Index/40% ICE BofA Canada Broad Market Index. ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the MSCI World Index is a widely used benchmark for the global equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.
EPCIP: 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index. The blended benchmark was chosen because the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.
Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

Disclaimers:

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Read our full disclaimer at edgepointwealth.com/disclaimers/

This quarter, Investment team member George Droulias discusses why our investment approach helps us stay calm during uncertain times.

Text: https://edgepointwealth.com/article/why-we-stay-calm-in-the-face-of-uncertainty-1st-quarter-2022/

Sources: https://edgepointwealth.com/article/why-we-stay-calm-in-the-face-of-uncertainty-1st-quarter-2022/

Returns:
As at March 31, 2022. Total returns, net of fees in C$. Returns for periods over one year annualized. Since inception returns since EdgePoint Portfolio inception (November 17, 2008). All Series A.

EdgePoint Global Portfolio (EPGP)
YTD: -6.63%; 1-year: 0.42%; 3-year: 4.07%; 5-year: 6.10%; 10-year: 11.51%; since inception: 12.88%.

MSCI World Index
YTD: -6.21%; 1-year: 9.44%; 3-year: 12.43%; 5-year: 10.96%; 10-year: 13.38%; since inception: 12.24%.

EdgePoint Canadian Portfolio (EPCP)
YTD: 3.16%; 1-year: 27.40%; 3-year: 15.04%; 5-year: 8.78%; 10-year: 9.55%; since inception: 12.29%.

S&P/TSX Composite Index
YTD: 3.82%; 1-year: 20.19%; 3-year: 14.15%; 5-year: 10.34%; 10-year: 9.08%; since inception: 10.31%.

EdgePoint Global Growth & Income Portfolio (EPGIP)
YTD: -4.51%; 1-year: 1.17%; 3-year: 3.71%; 5-year: 5.13%; 10-year: 9.13%; since inception: 10.62%.

60% MSCI World Index / 40% ICE BofA Canada Broad Market Index
YTD: -6.40%; 1-year: 3.88%; 3-year: 7.68%; 5-year: 7.29%; 10-year: 9.07%; since inception: 8.96%.

EdgePoint Canadian Growth & Income Portfolio (EPCIP)
YTD: 1.55%; 1-year: 16.85%; 3-year: 11.05%; 5-year: 7.14%; 10-year: 8.08%; since inception: 10.23%.

60% S&P/TSX Composite Index / 40% ICE BofA Canada Broad Market Index
YTD: -0.48%; 1-year: 9.93%; 3-year: 8.79%; 5-year: 7.01%; 10-year: 6.60%; since inception: 7.88%.

Our portfolio benchmarks:
EPGP: MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market.

EPCP: S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market.

EPGIP: 60% MSCI World Index/40% ICE BofA Canada Broad Market Index. ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the MSCI World Index is a widely used benchmark for the global equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EPCIP: 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index. The blended benchmark was chosen because the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

Disclaimers:

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Read our full disclaimer at https://edgepointwealth.com/disclaimers/

This quarter, portfolio manager Frank Mullen talks about the importance of knowing what you own – not just when to sell, but when to add.

Text: https://edgepointwealth.com/article/earning-our-wings-1st-quarter-2022/

Sources: https://edgepointwealth.com/article/earning-our-wings-1st-quarter-2022/

Returns:
As at March 31, 2022. Total returns, net of fees in C$. Returns for periods over one year annualized. Since inception returns since EdgePoint Portfolio inception (November 17, 2008). All Series A.

EdgePoint Global Portfolio (EPGP)
YTD: -6.63%; 1-year: 0.42%; 3-year: 4.07%; 5-year: 6.10%; 10-year: 11.51%; since inception: 12.88%.

MSCI World Index
YTD: -6.21%; 1-year: 9.44%; 3-year: 12.43%; 5-year: 10.96%; 10-year: 13.38%; since inception: 12.24%.

EdgePoint Canadian Portfolio (EPCP)
YTD: 3.16%; 1-year: 27.40%; 3-year: 15.04%; 5-year: 8.78%; 10-year: 9.55%; since inception: 12.29%.

S&P/TSX Composite Index
YTD: 3.82%; 1-year: 20.19%; 3-year: 14.15%; 5-year: 10.34%; 10-year: 9.08%; since inception: 10.31%.

EdgePoint Global Growth & Income Portfolio (EPGIP)
YTD: -4.51%; 1-year: 1.17%; 3-year: 3.71%; 5-year: 5.13%; 10-year: 9.13%; since inception: 10.62%.

60% MSCI World Index / 40% ICE BofA Canada Broad Market Index
YTD: -6.40%; 1-year: 3.88%; 3-year: 7.68%; 5-year: 7.29%; 10-year: 9.07%; since inception: 8.96%.

EdgePoint Canadian Growth & Income Portfolio (EPCIP)
YTD: 1.55%; 1-year: 16.85%; 3-year: 11.05%; 5-year: 7.14%; 10-year: 8.08%; since inception: 10.23%.

60% S&P/TSX Composite Index / 40% ICE BofA Canada Broad Market Index
YTD: -0.48%; 1-year: 9.93%; 3-year: 8.79%; 5-year: 7.01%; 10-year: 6.60%; since inception: 7.88%.

Our portfolio benchmarks:
EPGP: MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market.

EPCP: S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market.

EPGIP: 60% MSCI World Index/40% ICE BofA Canada Broad Market Index. ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the MSCI World Index is a widely used benchmark for the global equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EPCIP: 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index. The blended benchmark was chosen because the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

Disclaimers:

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Read our full disclaimer at https://edgepointwealth.com/disclaimers/

This quarter, portfolio manager Andrew Pastor discusses why our investment approach is repeatable despite the unpredictable sources for our business ideas.

Text:
https://edgepointwealth.com/en/Insights/Commentary/2021-Q4-EdgePoint-commentary


Sources:
https://edgepointwealth.com/en/Insights/Commentary/2021-Q4-EdgePoint-commentary#Sourcematerial

Returns:
As at December 31, 2021. Total returns, net of fees. Returns for periods over one year annualized. Since inception returns since EdgePoint Portfolio inception (November 17, 2008). All Series A.

EdgePoint Global Portfolio (EPGP)
YTD: 18.25%; 1-year: 18.25%; 3-year: 9.79%; 5-year: 8.33%; 10-year: 13.77%; since inception: 13.73%

MSCI World Index
YTD: 20.78%; 1-year: 20.78%; 3-year: 18.57%; 5-year: 13.66%; 10-year: 15.15%; since inception: 13.04%

EdgePoint Canadian Portfolio (EPCP)
YTD: 40.41%; 1-year: 40.41%; 3-year: 18.31%; 5-year: 8.70%; 10-year: 10.43%; since inception: 12.27%

S&P/TSX Composite Index
YTD: 25.09%; 1-year: 25.09%; 3-year: 17.52%; 5-year: 10.04%; 10-year: 9.14%; since inception: 10.20%

EdgePoint Global Growth & Income Portfolio (EPGIP)
YTD: 13.63%; 1-year: 13.63%; 3-year: 7.70%; 5-year: 6.71%; 10-year: 10.71%; since inception: 11.22%

60% MSCI World Index/40% ICE BofA Canada Broad Market Index
YTD: 10.89%; 1-year: 10.89%; 3-year: 12.80%; 5-year: 9.56%; 10-year: 10.39%; since inception: 9.68%

EdgePoint Canadian Growth & Income Portfolio (EPCIP)
YTD: 25.77%; 1-year: 25.77%; 3-year: 13.72%; 5-year: 7.34%; 10-year: 8.79%; since inception: 10.30%

60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index
YTD: 13.31%; 1-year: 13.31%; 3-year: 12.33%; 5-year: 7.52%; 10-year: 6.92%; since inception: 8.07%

Our portfolio benchmarks:

EPGP: MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market.

EPCP: S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market.

EPGIP: 60% MSCI World Index/40% ICE BofA Canada Broad Market Index. ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the MSCI World Index is a widely used benchmark for the global equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EPCIP: 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index. The blended benchmark was chosen because the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

Disclaimers:
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Read our full disclaimer at www.edgepointwealth.com/en/Disclaimers

This quarter, portfolio manager Derek Skomorowski talks about why fixed-income investors often forget that good times don’t last forever and why it’s important to manage inevitable risks that come along the way.

Text:
https://edgepointwealth.com/en/Insights/Commentary/2021-Q4-fixed-income-commentary

Sources:
https://edgepointwealth.com/en/Insights/Commentary/2021-Q4-fixed-income-commentary#Sourcematerial

Returns

As at December 31, 2021. Total returns, net of fees. Returns for periods over one year annualized. Since inception returns since EdgePoint Portfolio inception (November 17, 2008). All Series A.

EdgePoint Global Portfolio (EPGP)
YTD: 18.25%; 1-year: 18.25%; 3-year: 9.79%; 5-year: 8.33%; 10-year: 13.77%; since inception: 13.73%

MSCI World Index
YTD: 20.78%; 1-year: 20.78%; 3-year: 18.57%; 5-year: 13.66%; 10-year: 15.15%; since inception: 13.04%

EdgePoint Canadian Portfolio (EPCP)
YTD: 40.41%; 1-year: 40.41%; 3-year: 18.31%; 5-year: 8.70%; 10-year: 10.43%; since inception: 12.27%

S&P/TSX Composite Index
YTD: 25.09%; 1-year: 25.09%; 3-year: 17.52%; 5-year: 10.04%; 10-year: 9.14%; since inception: 10.20%

EdgePoint Global Growth & Income Portfolio (EPGIP)
YTD: 13.63%; 1-year: 13.63%; 3-year: 7.70%; 5-year: 6.71%; 10-year: 10.71%; since inception: 11.22%

60% MSCI World Index/40% ICE BofA Canada Broad Market Index
YTD: 10.89%; 1-year: 10.89%; 3-year: 12.80%; 5-year: 9.56%; 10-year: 10.39%; since inception: 9.68%

EdgePoint Canadian Growth & Income Portfolio (EPCIP)
YTD: 25.77%; 1-year: 25.77%; 3-year: 13.72%; 5-year: 7.34%; 10-year: 8.79%; since inception: 10.30%

60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Inde
YTD: 13.31%; 1-year: 13.31%; 3-year: 12.33%; 5-year: 7.52%; 10-year: 6.92%; since inception: 8.07%

Our portfolio benchmarks:

EPGP: MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market.

EPCP: S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market.

EPGIP: 60% MSCI World Index/40% ICE BofA Canada Broad Market Index. ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the MSCI World Index is a widely used benchmark for the global equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EPCIP: 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index. The blended benchmark was chosen because the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

Disclaimers:
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Read our full disclaimer at www.edgepointwealth.com/en/Disclaimers

This quarter, portfolio manager Jeff Hyrich discusses how increasingly shorter time horizons are detrimental to an investor’s investment returns and the important goal of reaching their Point B.

Text:
https://edgepointwealth.com/en/Insights/Commentary/2021-Q3-EdgePoint-commentary

Sources:
https://edgepointwealth.com/en/Insights/Commentary/2021-Q3-EdgePoint-commentary#Sourcematerial

Returns:
As at September 30, 2021. Total returns, net of fees. Returns for periods over one year annualized. Since inception returns since EdgePoint Portfolio inception (November 17, 2008). All Series A.

EdgePoint Global Portfolio (EPGP)
YTD: 10.62%; 1-year: 24.47%; 3-year: 2.92%; 5-year: 8.37%; 10-year: 13.71%; since inception: 13.43%
                                               
MSCI World Index
YTD: 12.40%; 1-year: 22.18%; 3-year: 12.38%; 5-year: 12.91%; 10-year: 14.90%; since inception: 12.68%

EdgePoint Canadian Portfolio (EPCP)
YTD: 29.80%; 1-year: 53.10%; 3-year:10.32%; 5-year: 8.66%; 10-year: 10.12%; since inception: 11.84%

S&P/TSX Composite Index
YTD: 17.48%; 1-year: 28.02%; 3-year: 11.07%; 5-year: 9.64%; 10-year: 8.84%; since inception: 9.87%

EdgePoint Global Growth & Income Portfolio (EPGIP)
YTD: 8.89%; 1-year: 18.88%; 3-year: 3.50%; 5-year: 6.92%; 10-year: 10.80%; since inception: 11.08%

60% MSCI World Index/40% ICE BofA Canada Broad Market Index
YTD: 5.49%; 1-year: 11.19%; 3-year: 9.27%; 5-year: 8.65%; 10-year: 10.27%; since inception: 9.46%

EdgePoint Canadian Growth & Income Portfolio (EPCIP)
YTD: 19.70%; 1-year: 34.31%; 3-year: 8.62%; 5-year: 7.53%; 10-year: 8.71%; since inception: 10.09%

60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index
YTD: 8.35%; 1-year: 14.40%; 3-year: 8.62%; 5-year: 6.82%; 10-year: 6.77%; since inception: 7.86%

Our portfolio benchmarks:

EPGP: MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market.

EPCP: S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market.

EPGIP: 60% MSCI World Index/40% ICE BofA Canada Broad Market Index. ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the MSCI World Index is a widely used benchmark for the global equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EPCIP: 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index. The blended benchmark was chosen because the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate.

Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

Disclaimers:
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Read our full disclaimer at www.edgepointwealth.com/en/Disclaimers