Montréal, August 24, 2017 – As manager of the FÉRIQUE Funds, Gestion FÉRIQUE announced today a change of portfolio managers for the FÉRIQUE Equity Fund (Equity Fund) and the FÉRIQUE Dividend Fund (Dividend Fund).
On or about September 18, 2017, Franklin Templeton Investments Corp. (Franklin Templeton) will replace Montrusco Bolton Investments Inc. and MFS Investment Management Canada Limited as portfolio manager of the Equity Fund. As a result of this change, Franklin Templeton will manage about 40% of the portfolio, and the current portfolio manager, Connor, Clark and Lunn Investment Management, will manage about 60% of the portfolio. The FÉRIQUE Equity Fund’s investment objective will remain the same.
The Franklin Templeton team seeks to identify high-quality, well-managed businesses that have a track record of success and a sustainable business model. It believes that such businesses are capable of providing steady earnings and dividend growth and, in turn, equity price appreciation.
The FÉRIQUE Equity Fund, launched on August 16, 1974, has more than $515 million of assets and is one of the 11 Canadian equity funds with a track record of more than 30 years in a current universe of more than 400 comparable funds in Canada. The Fund’s management expense ratio is currently 1.05%, and the fund is in the industry’s least expensive quartile of funds according to Fundata as at June 30, 2017.
Also at that date, Lincluden Investment Management Limited (Lincluden) will replace CIBC Asset Management Inc. as portfolio manager of the Dividend Fund. Lincluden will be the sole portfolio manager of the Dividend Fund. The Dividend Fund’s investment objective will remain the same.
Lincluden’s investment philosophy is based on a value approach. The team believes that the stock market can be inefficient in the short and medium terms, and therefore focuses on identifying securities that trade at a discount to their true value. The combination of rigorous quantitative and qualitative analysis enables the team to identify companies trading at a significant discount.
The FÉRIQUE Dividend Fund, launched on October 1, 2009, has almost $240 million of assets. The Fund’s management expense ratio is currently 1.05%, and the fund is in the industry’s least expensive quartile of funds according to Fundata as at June 30, 2017.
The simplified prospectus of the FÉRIQUE Funds and the Annual Information will be amended to reflect this change and the amendment will be transmitted to the Autorité des marchés financiers and the Ontario Securities Commission and will be filed on www.sedar.com and www.ferique.com.
Franklin Templeton Investments Corp. is a Canadian subsidiary of Franklin Resources, Inc. [NYSE:BEN]. Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments, which provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over US$740 billion (over C$984 billion) in assets under management as of March 31, 2017.
Lincluden Investment Management has provided discretionary investment management for institutional and private clients since 1982. It employs value-based investment principles across a range of equity, fixed income and balanced portfolios. Lincluden has been successful for more than 30 years as a result of superior security selection, effective risk management, diligent research and a rigorous portfolio management process.
Lincluden Investment Management is a private company held by the firm’s key employees and strategic partner Morguard. Lincluden is an independently operated entity whose corporate decisions are made by the firm’s principals. This partnership gives it a solid foundation for growth and stability, and its employee-owned structure ensures that it attracts and retains the talent that will lead to continued success.
Founded on October 12, 1999, Gestion FÉRIQUE (www.ferique.com) is the manager of the FÉRIQUE Funds, launched in 1974 by the Ordre des ingénieurs du Québec. It is the only non- profit mutual fund company in Canada whose sole purpose is to serve the interests of engineers, engineering graduates and their families. The firm offers 10 mutual funds and 5 portfolios diversified across all asset classes. Management of the Funds is entrusted to renowned investment firms, handpicked by Gestion FÉRIQUE based on their asset class expertise. FÉRIQUE Funds have more than $2.5 billion in assets under management and over 22,000 unitholders.
Note: FÉRIQUE is a registered trademark of Gestion FÉRIQUE and is used under license by its subsidiary, Services d'investissement FÉRIQUE. Gestion FÉRIQUE is an Investment Fund Manager and assumes management duties in relation to the FÉRIQUE Funds. Services d'investissement FÉRIQUE is a Mutual Fund Dealer and a Financial Planning Firm, as well as the Principal distributor of the FÉRIQUE Funds. Please note that for commercial purposes, Services d'investissement FÉRIQUE is also known in English as FÉRIQUE Investment Services. There may be brokerage fees, trailing commissions, management fees and expenses associated with investment in the Funds. Management expense ratios vary from one year to another. Please read the prospectus before investing. Mutual funds are not guaranteed, their values fluctuate frequently and past performance may not be repeated.
Download the document in PDF format