Lakeview Disciplined Leadership US Equity Fund
Investor suitability
This fund is suitable for investors who:
- Are seeking 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, the Disciplined Leadership Team* 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 establish an asset allocation strategy. This strategy is continually reassessed to manage the allocation of market exposure versus cash and short-term deposits. By combining this tactical approach with quantitative security selection analysis to identify market leaders, the team attempts to provide consistent absolute returns coupled with a low correlation to the S&P/TSX Composite Index.
Research
Barometer conducts the majority of its research internally, covering over 7800 North American securities in over 41 sectors. The team maintains a proprietary quantitative ranking system that screens for companies in the process of positive change.
Construction
The Lakeview Disciplined Leadership U.S. Equity Fund is a concentrated portfolio of up to 30 securities. As the managers’ main objective is identifying leading companies in leading sectors, they do not restrict their holdings by cap size or sectors; however, due to the team’s strict liquidity requirements they invest only in actively traded securities. While this portfolio is mainly composed of U.S. securities, it may hold up to 30% in non-U.S. securities.
Performance - Series A (USD)
Returns as of February 29, 2008
(Annualized Returns)
| 3 months | -3.4% |
| 6 months | -2.1% |
| 1 year | -0.9% |
| 2 year | -2.8% |
| 3 year | -0.4% |
| Year to Date | -5.3% |
| Cumulative Return Since Inception | 6.6% |
Performance Analysis - Series A (USD)
Annualized Standard Deviation
| (since inception) | 12.4% |
| Best Period | March 2006 |
| Worst Period | May 2006 |
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.