This quarter, portfolio manager Frank Mullen discusses how the Investment team not only uncovers undervalued investment opportunities, but also makes active choices to avoid lending to many businesses and areas of the market where others don't see risk. Published April. 13, 2021.

Text:

https://www.edgepointwealth.com/en/Insights/Commentary/2021-Q1-Fixed-income-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2021-Q1-fixed-income-commentary#Sourcematerial

Returns:

As at March 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: 9.96%; 1-year: 43.74%; 3-year: 4.50%; 5-year: 9.73%; 10-year: 11.95%; since inception: 13.95%

MSCI World Index

YTD: 3.51%; 1-year: 36.01%; 3-year: 11.86%; 5-year: 12.71%; 10-year: 12.73%; since inception: 12.47%

EdgePoint Canadian Portfolio (EPCP)

YTD: 13.70%; 1-year: 61.73%; 3-year: 5.59%; 5-year: 8.06%; 10-year: 6.62%; since inception: 11.15%

S&P/TSX Composite Index

YTD: 8.05%; 1-year: 44.25%; 3-year: 10.19%; 5-year: 10.05%; 10-year: 6.00%; since inception: 9.55%

EdgePoint Global Growth & Income Portfolio (EPGIP)

YTD: 7.25%; 1-year: 32.63%; 3-year: 4.20%; 5-year: 7.84%; 10-year: 9.47%; since inception: 11.42%

60% MSCI World Index/40% ICE BofA Canada Broad Market Index

YTD: -0.08%; 1-year: 21.11%; 3-year: 8.70%; 5-year: 8.79%; 10-year: 9.31%; since inception: 9.38%

EdgePoint Canadian Growth & Income Portfolio (EPCIP)

YTD: 9.29%; 1-year: 42.64%; 3-year: 5.64%; 5-year: 7.34%; 10-year: 6.33%; since inception: 9.71%

60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index

YTD: 2.58%; 1-year: 25.56%; 3-year: 7.86%; 5-year: 7.31%; 10-year: 5.38%; since inception: 7.71%

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, investment analyst George Droulias looks at why 2020 truly was a year to forget from an investment perspective. Published Apr. 13, 2021.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2021-Q1-EdgePoint-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2021-Q1-EdgePoint-commentary#Sourcematerial

Returns:

As at March 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: 9.96%; 1-year: 43.74%; 3-year: 4.50%; 5-year: 9.73%; 10-year: 11.95%; since inception: 13.95%

MSCI World Index

YTD: 3.51%; 1-year: 36.01%; 3-year: 11.86%; 5-year: 12.71%; 10-year: 12.73%; since inception: 12.47%

EdgePoint Canadian Portfolio (EPCP)

YTD: 13.70%; 1-year: 61.73%; 3-year: 5.59%; 5-year: 8.06%; 10-year: 6.62%; since inception: 11.15%

S&P/TSX Composite Index

YTD: 8.05%; 1-year: 44.25%; 3-year: 10.19%; 5-year: 10.05%; 10-year: 6.00%; since inception: 9.55%

EdgePoint Global Growth & Income Portfolio (EPGIP)

YTD: 7.25%; 1-year: 32.63%; 3-year: 4.20%; 5-year: 7.84%; 10-year: 9.47%; since inception: 11.42%

60% MSCI World Index/40% ICE BofA Canada Broad Market Index

YTD: -0.08%; 1-year: 21.11%; 3-year: 8.70%; 5-year: 8.79%; 10-year: 9.31%; since inception: 9.38%

EdgePoint Canadian Growth & Income Portfolio (EPCIP)

YTD: 9.29%; 1-year: 42.64%; 3-year: 5.64%; 5-year: 7.34%; 10-year: 6.33%; since inception: 9.71%

60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index

YTD: 2.58%; 1-year: 25.56%; 3-year: 7.86%; 5-year: 7.31%; 10-year: 5.38%; since inception: 7.71%

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

An interview with Tye Bousada, founder and Portfolio Manager at EdgePoint Wealth Management. Interview was recorded on January 21, 2021.

Audio transcription: http://edgepointwealth.com/downloads/transcriptherd2020.pdf

This is not an endorsement or recommendation of any security. EdgePoint Investment Group may be buying or selling positions in securities mentioned. It is also not an offer to sell or purchase EdgePoint investment funds.

__________

Source: Empirical Research Partners Analysis, “The Big Growers and the Precedents”, Portfolio Strategy, July 1, 2020. Big Growers are a group of approximately 75 large-capitalization stocks classified by Empirical Research Partners, LLC to have faster and stronger growth credentials than the rest of the market. Annual relative returns are equal-weighted and relative to the rest of the U.S. large-capitalization universe. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks.

Source: FactSet Research Systems Inc. Cisco Systems, Inc. annual revenues discussed are as at July 31 (Cisco’s fiscal year-end) for the specified year discussed. Price return in US$ figures discussed are measured from March 31, 2000 to March 31, 2020.

Source: FactSet Research Systems Inc. TE Connectivity is owned in EdgePoint Global Portfolio. As at December 31, 2020. Price-to-earnings ratio discussed is calculated with unreported fiscal-year end 2021 consensus estimates.

Source: Bloomberg LP. 2009 to 2020 calendar-year returns in local currency. The following security returns are in local currency. In 2015 Ryanair Holdings plc experienced a calendar-year return of 58.4%. In 2017 Shiseido Co., Ltd. experienced a calendar year return of 85.2%. In 2019 Air Canada experienced a calendar-year return of 86.9%. 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. 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.

Microsoft Corp. was owned in the EdgePoint Global Portfolio’s from June 7, 2012 to December 16, 2015. EdgePoint Global Portfolio’s holding period return in C$ was 96.45% over this time period.

Company statistics related to Tesla, Inc. are based on internal analysis.

Total return, net of fees. Performance as at December 31, 2020 in C$. All periods greater than one year are annualized. Source Fundata Canada, Morningstar Direct.

EdgePoint Global Portfolio – Series A

YTD: -1.16%; 1-year: -1.16%; 3-year: 2.63%; 5-year: 7.42%; 10-year: 11.58%; since inception (11/17/2008): 13.36%

MSCI World Index**

YTD: 13.87%; 1-year: 13.87%; 3-year: 11.16%; 5-year: 10.26%; 10-year: 12.63%

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. 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.

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://www.edgepointwealth.com/en/Disclaimers

This quarter, portfolio manager Andrew Pastor explores a deceptively simple (but effective) idea that’s difficult to do in practice – investing differently from everyone else. Published January 14, 2021.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q4-EdgePoint-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q4-EdgePoint-commentary#Sourcematerial

Returns:

As at December 31, 2020. Total returns, net of fees. Taurus Fund excluded since it is no longer in existence.

EdgePoint Global Portfolio – Series A

YTD: -1.16%; 1-year: -1.16%; 3-year: 2.63%; 5-year: 7.42%; 10-year: 11.58%; since inception (11/17/2008): 13.36%

MSCI World Index**

YTD: 13.87%; 1-year: 13.87%; 3-year: 11.16%; 5-year: 10.26%; 10-year: 12.63%

Invesco Global Companies Fund – Series SC*

YTD: 3.25%; 1-year: 3.25%; 3-year: 6.51%; 5-year: 7.36%; 10-year: 10.92%; since inception (09/01/1981): 11.27%

As at December 31, 2020. Total returns, net of fees. Taurus Fund excluded since it is no longer in existence.

EdgePoint Global Portfolio – Series A

YTD: -1.16%; 1-year: -1.16%; 3-year: 2.63%; 5-year: 7.42%; 10-year: 11.58%; since inception (11/17/2008): 13.36%

MSCI World Index**

YTD: 13.87%; 1-year: 13.87%; 3-year: 11.16%; 5-year: 10.26%; 10-year: 12.63%

Invesco Global Companies Fund – Series SC*

YTD: 3.25%; 1-year: 3.25%; 3-year: 6.51%; 5-year: 7.36%; 10-year: 10.92%; since inception (09/01/1981): 11.27%

* As at July 27, 2018, Trimark Fund changed its name to Invesco Global Companies Fund.

** As at October 17th, 2016 the Trimark Fund changed its benchmark to the MSCI All Country World Index.

Source, MSCI and Trimark: Morningstar Direct. Source, EdgePoint: Fundata Canada Inc.

The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The MSCI World Index was used for comparison purposes as it represents a broad global equity universe across several developed market countries, although it may not be a fair comparison for the Taurus Fund, due to a possible small-cap exposure in the Fund. The Trimark Fund was managed independently of the index used for comparison purposes. Differences including security holdings and geographic/sector allocations may impact comparability.

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, Derek Skomorowski talks about the risks of buying long-term government bonds in the current environment and why we focus on buying mispriced bonds of businesses that can withstand an economic shutdown no matter how long it lasts. Published January 14, 2021.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q4-Fixed-income-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q4-Fixed-income-commentary#Sourcematerial

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 Frank Mullen discusses the changing outlook for fixed income and how you can ensure it plays the right role for you in the future. Published October 9, 2020.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q3-Fixed-income-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q3-Fixed-income-commentary#Sourcematerial

Returns:

Portfolio performance as at September 30, 2020. Annualized, total returns, net of fees.

EdgePoint Global Growth & Income Portfolio - Series A

YTD: -8.22%; 1-year: -7.31%; 3-year: 1.06%; 5-year: 4.97%; 10-year: 9.10%; since inception (11/17/2008): 10.45%

60% MSCI World Index/40% ICE BofAML Canada Broad Market Index

YTD: 6.32%; 1-year: 9.94%; 3-year: 8.74%; 5-year: 8.06%; 10-year: 9.22%; since inception of the Portfolio: 9.31%

The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The ICE BofAML 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 BofAML Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolio’s mandate. 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 Tye Bousada looks at investors' path to point B and discusses why you need uncertainty and willingness to look wrong in the short term to get to point B. Published July 10, 2020.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q2-EdgePoint-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q2-EdgePoint-commentary#Sourcematerial

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 Derek Skomorowski talks about risks in fixed-income investing and why it's important to fish where the best investment opportunities are. Published July 10, 2020.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q2-Fixed-income-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q2-Fixed-income-commentary#Sourcematerial

Returns:

Portfolio performance as at June 30, 2020

Annualized, total returns and in C$.

EdgePoint Global Growth & Income Portfolio, Series A

YTD: -10.39%; 1-year: -9.12%; 3-year: 0.81%; 5-year: 3.56%; 10-year: 9.33%; since inception (11/17/2008 to 06/30/2020): 10.46%

EdgePoint Canadian Growth & Income Portfolio, Series A

YTD: -14.14%; 1-year: -9.52%; 3-year: 2.22%; 5-year: 1.13%; 10-year: 5.59%; since inception (11/17/2008 to 06/30/2020): 8.09%

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 Tye Bousada discusses seven things we know to be true even in this uncertain environment. Published April 3, 2020.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q1-EdgePoint-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q1-EdgePoint-commentary#Sourcematerial

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 Frank Mullen talks about the rarely seen high-yield opportunities in today’s volatile fixed-income environment. Published April 3, 2020.

Commentary text:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q1-Fixed-income-commentary

Sources:

https://edgepointwealth.com/en/Insights/Commentary/2020-Q1-Fixed-income-commentary#Sourcematerial

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