Portland Advantage Fund


portfolio manager
Michael Lee-Chin, B.Eng., LLD (Honorary)
Executive Chairman, Chief Executive Officer and Portfolio Manager

Mr. Lee-Chin has over 35 years industry experience.

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portfolio manager
Robert Almeida, B.Comm., CA
Senior Vice President and Portfolio Manager

Over 30 years of experience, both as an Investor and as a Business Executive.

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in the news

fund details
Fund Net Assets $5.0 million
CIFSC* Asset Class Canadian Focused Equity
Risk Tolerance Medium


KEY reasons to invest
  • Concentrated portfolio that invests primarily in Canadian equity securities.
  • Provide capital growth and income while moderating the volatility of equities.
  • Experienced Portfolio Management track record since 1986.


how the fund is managed
  • Provide above-average long-term total returns by investing primarily in a portfolio of Canadian equities.
  • Provide capital growth and income while moderating the volatility of equities by investing in a portfolio of equities/ADRs and which may include ETFs.
  • The Fund may invest up to 49% in foreign securities in a manner consistent with its investment objective.

POTENTIAL RISKS

The Manager believes the following risks may impact the performance of the Fund: active management risk, concentration risk, currency risk and credit risk. Please read the “Risk Factors” section in the Simplified Prospectus for a more detailed description of all the relevant risks.


geographic allocation
As at June 30, 2017
Canada 55.6%
Bermuda 19.2%
United Kingdom 10.5%
Luxembourg 5.2%
United States 4.7%
Panama 3.1%
Other Net Assets (Liabilities)1 1.7%


sector allocation
As at June 30, 2017
Asset Management & Custody Banks 25.4%
Cable & Satellite 10.5%
Diversified Banks 10.5%
Wireless Telecommunication Services 10.2%
Oil & Gas Exploration & Production 9.5%
Integrated Telecommunication Services 5.3%
Specialized Finance 5.1%
Independent Power Producers & Energy Traders 5.0%
Multi-Sector Holdings 4.7%
Real Estate Operating Companies 4.5%
Electric Utilities 4.5%
Airlines 3.1%
Other Net Assets (Liabilities)1 1.7%


Top Holdings
As at June 30, 2017

Brookfield Asset Management Inc. 11.1%
Liberty Global PLC LiLAC 10.5%
IGM Financial Inc. 5.7%
The Toronto-Dominion Bank 5.4%
BCE Inc. 5.3%
Invesco Ltd. 5.2%
Millicom International Cellular SA 5.2%
ECN Capital Corp. 5.1%
The Bank of Nova Scotia 5.1%
Northland Power Inc. 5.0%
Digicel Group Limited 8.250% September 30, 2020 5.0%
Baytex Energy Corp. 4.9%
Berkshire Hathaway Inc. 4.7%
Crescent Point Energy Corp. 4.6%
Brookfield Infrastructure Partners L.P. 4.5%
Brookfield Property Partners L.P. 4.5%
CI Financial Corp. 3.4%
Copa Holdings SA 3.1%
Cash 1.8%
Trisura Group Ltd. 0.0%
fund codes
Fund Name Series Code - Initial Sales Charge Code - DSC Code - LL
Portland Advantage Fund
A
200 205 210
Portland Advantage Fund
F
001 n/a n/a

- Fundserv Management Company Code: “PTL”
company briefs of Possible Holdings

DISCLAIMER


* Canadian Investment Funds Standards Committee

1 Other Net Assets (Liabilities) refers to all other assets and liabilities in the Fund excluding portfolio investments.

2 Where the Fund holds less than 25 holdings, all investments have been disclosed. There may be other assets and liabilities which are not included, and therefore the summary does not add up to 100%

3 Generally available through dealers who have entered into a Portland Series F Dealer Agreement.

4 Annualized.

RISK TOLERANCE

Risk tolerance measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this Fund is a suitable investment for them.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. The indicated rates of return are the historical annual compounded total returns including changes in units [share] value and reinvestment of all distributions [dividends] 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 mutual fund or returns on investment in the mutual fund. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Information presented in this material should be considered for background information only and should not be construed as investment or financial advice. Please consult a Financial Advisor. Every effort has been made to ensure the utmost accuracy of the information provided. Information provided is believed to be reliable when posted. All information is subject to modification from time to time without notice. Consent is required for any reproduction, in whole or in part, of this piece and/or of its images and concepts. Please read the Prospectus before investing. PORTLAND, PORTLAND INVESTMENT COUNSEL and the Clock Tower Design are registered trademarks of Portland Holdings Inc. Used under licence by Portland Investment Counsel Inc.

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