Lakeview Disciplined Leadership High Income Fund
Investor suitability
This fund is suitable for investors who:
- Are seeking a consistent income cash flow with potential for long-term capital appreciation
- Have a medium to long-term investment horizon
- Have a medium risk tolerance
Barometer's Disciplined Leadership Approach™
Style
Barometer's Disciplined Leadership Approach™ is an active, style agnostic process focused on understanding the current market environment and recognizing change. The approach focuses on identifying key underlying trends at play in the marketplace and concentrating portfolio investments in those areas for as long as those trends remain intact. This approach also places particular emphasis on protection of capital. By consistently monitoring for change, applying a disciplined selling strategy and making tactical use of cash, Barometer attempts to protect portfolios against staying invested in unproductive assets or during market weakness.
Process
Barometer uses top-down market and sector risk assessment models to set its tactical portfolio asset allocation strategy. By combining this approach with quantitative security selection analysis, the team works to achieve consistent, sustainable and growing cash distributions complemented by growth of capital.
Research
Barometer conducts the majority of its research internally. The team maintains a proprietary quantitative ranking system that includes an assessment of credit worthiness, sustainability of cash distributions, probability of increased distributions, incentive structure for management, demand for continued capital investment, economic sensitivity, competitive threats and relative yields versus the market and sector.
Portfolio Construction
The Lakeview Disciplined Leadership High Income Fund is a diversified portfolio holding up to 45 securities. The portfolio may include income trusts, preferred shares, T-bills, Provincial and Canada Bonds, corporate and convertible bonds. The goal is to minimize risk by diversifying product type and purchasing income investments that exhibit the highest quality standards..
Performance - Series A
Returns as of February 29, 2008
(Annualized Returns)
| 3 months | 0.1% |
| 6 months | -0.2% |
| 1 year | 1.7% |
| 2 year | 5.1% |
| 3 year | 6.0% |
| Year to Date | -1.1% |
| Cumulative Return Since Inception | 55.9% |
Performance Analysis - Series A
Annualized Standard Deviation
| (since inception) | 12.0% |
| Best Period | November 2005 |
| Worst Period | October 2005 |
Sector Allocation including cash as of date: February 29, 2008
YTD Returns vs. Benchmark
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.