Portland Value 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
Dragos Berbecel, CFA, MBA
Portfolio Manager

Dragos has 18 years of experience, both as an investment professional and a business executive.

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in the news

fund details
Fund Net Assets $0.5 million
CIFSC* Asset Class Global Equity
Risk Tolerance Medium


KEY reasons to invest
  • Experienced portfolio manager has practiced focused value investing for more than 25 years.
  • Growth potential.
  • Co-invest alongside eminent capital allocators.
  • Diversification benefits (alternative strategy).


how the fund is managed
  • Focused investing in a limited number of globally domiciled quality equity securities with an emphasis towards large capitalization, high liquidity and, what we believe are, undervalued securities.
  • Invest in companies which have the potential of increased returns due to activist investor campaigns.


portfolio composition
  • Businesses led by eminent capital allocators.
  • Businesses being transformed by eminent capital allocators (activist investors).
  • Opportunities that prevail now.

POTENTIAL RISKS

The Manager believes the following risks may impact the performance of the Fund: active management risk, concentration risk, currency risk, equity risk, derivatives 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


sector allocation
As at June 30, 2017




Top Holdings
As at June 30, 2017

Nomad Foods Limited 12.3%
Liberty Global PLC LiLAC 11.2%
Whitecap Resources, Inc. 10.3%
Pershing Square Holdings, Ltd. 8.7%
Restaurant Brands International Inc. 8.4%
Brookfield Business Partners L.P. 8.3%
Crescent Point Energy Corp. 8.2%
Berkshire Hathaway Inc. 7.9%
Brookfield Asset Management Inc. 7.8%
Baytex Energy Corp. 6.8%
Linamar Corporation 5.4%
Hertz Global Holdings, Inc. 2.7%
Cash 2.1%
fund codes

- 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.