Jov Leon Frazer
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Jov Leon Frazer Preferred Equity Fund PowerPoint PPT Presentation


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Jov Leon Frazer Preferred Equity Fund. JOV LEON FRAZER PREFERRED EQUITY FUND: KEY FEATURES. Attractive investment opportunities through investment in high quality preferred shares Regular tax-efficient income Current portfolio yield is 7.10% Interest-equivalent yield of 10.19%

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Jov Leon Frazer Preferred Equity Fund

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Securing your clients future 1247327

Jov Leon Frazer

Preferred Equity Fund


Jov leon frazer preferred equity fund key features

JOV LEON FRAZER PREFERRED EQUITY FUND: KEY FEATURES

  • Attractive investment opportunities through investment in high quality preferred shares

  • Regular tax-efficient income

  • Current portfolio yield is 7.10%

  • Interest-equivalent yield of 10.19%

  • Experienced portfolio management by Leon Frazer & Associates

  • Credit and interest rate risk management through diversification and active management

  • Liquidity – daily NAV

Current Yield and Bond Equivalent Yield is as of 3/9/09. Current Yield and Bond Equivalent Yield do not factor in any Fund fees or expenses. Source: Leon Frazer & Associates


Current market background

CURRENT MARKET BACKGROUND

  • Volatility occurs in all asset classes, including money market funds

  • Aging population creating shift from accumulating wealth to payout of wealth

  • Need for income as investors move away from full-time employment

  • “Protect what I have” mentality

  • Looking for solutions, not products


Advantages of preferred shares

ADVANTAGES OF PREFERRED SHARES

  • Priority over common stocks for dividend payments and liquidation proceeds

  • Greater price stability than common stock

  • Regular tax-efficient income

  • Bond equivalent yield on fund is currently 10.19%

Current Yield and Bond Equivalent Yield is as of 3/9/09. Current Yield and Bond Equivalent Yield do not factor in any Fund fees or expenses. Source: Leon Frazer & Associates


Current opportunity

CURRENT OPPORTUNITY

  • Historically wide credit spreads for high quality preferred shares relative to government bonds

  • Preferred shares offer attractive, risk-adjusted return potential

  • Potential for equity-like capital gains as spreads return to historical norms

  • Attractive tax-advantaged preferred income stream while awaiting recovery


About the fund

ABOUT THE FUND

  • Fund invests primarily in high quality preferred shares of major Canadian companies

  • Tax-advantaged dividend income

  • Current bond equivalent yield is 10.19%

  • Potential for capital gains

  • Diversification by credit, industry sector and security type

  • Benchmark: S&P/TSX Preferred Share Index

  • Inception: February 2009

Current Yield and Bond Equivalent Yield is as of 3/9/09. Current Yield and Bond Equivalent Yield do not factor in any Fund fees or expenses. Source: Leon Frazer & Associates


Sector breakdown

SECTOR BREAKDOWN

Source: Leon Frazer & Associates


Security type breakdown

SECURITY TYPE BREAKDOWN

Current Yield and Bond Equivalent Yield is as of 3/31/09. Current Yield and Bond Equivalent Yield do not factor in any Fund fees or expenses. Source: Leon Frazer & Associates


Experienced portfolio management leon frazer associates

EXPERIENCED PORTFOLIO MANAGEMENT: LEON FRAZER & ASSOCIATES

  • 70 years experience navigating volatile markets

  • Established in 1939

    • Oldest independent investment counselling firm in Ontario

    • Second oldest in Canada

  • Offices in Toronto and Vancouver

  • $1.3 billion under management

  • Lead manager: Frances Connelly

    • 20 years experience managing preferred portfolios


Long term disciplined investment process

LONG-TERM, DISCIPLINED INVESTMENT PROCESS


Security selection

SECURITY SELECTION

  • Fundamental research with a consideration for quantitative and technical factors

  • Securities selected based on company background, industry and growth potential

  • Analysis of risk profile and relative value to confirm selection and portfolio weighting

  • Consider expectations for future interest rates

  • Diversified by company and sector as well as credit quality and security type


Ideal for investors who

IDEAL FOR INVESTORS WHO:

  • Want to take advantage of opportunities in an unprecedented financial marketplace

  • Desire regular, tax-efficient income

  • Want the benefits of experienced portfolio management

  • Want a diversified portfolio

  • Require daily liquidity


Fund details

FUND DETAILS


Disclaimer

DISCLAIMER

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 total returns and do not take into account fees, expenses, sales, redemptions, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.


Appendix

APPENDIX


Dsc schedule

DSC SCHEDULE

  • 5.00% sales commission on the amount invested

  • 20bps trailer paid quarterly

  • Each year the investor is allowed to redeem up to 10% of the number of units they held on December 31 of the previous year without being charged the early redemption fee

  • The 10% free redemption rate will be reduced by the distribution rate of the fund during the previous calendar year


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