Fund Manager
Front Street Canadian Equity Fund
**Note: this fund is a result of a merger of the former funds: Front Street Canadian Equity Fund Class and Front Street Equity Opportunities Fund. Please visit their respective web pages for historical information.**
Objective: Long-term capital growth is achieved through the selection, management and strategic trading of long and short positions in equity, debt and derivative securities. The portfolio will consist of investments that generate capital gains, but will also include investments that generate income.
The Fund will invest primarily in Canadian equities and may focus its assets in specific industry sectors and asset classes based on analysis of business cycles, industry sectors and market outlook. The Fund may also invest in foreign equities. Non-investment factors will also be considered, such as cash flow and liquidity requirements, hold periods and restrictions, risk factors, stop-loss containment and tax efficient distributions.
| Latest 07.28.10 | Previous 07.27.10 | Change ($) | Month's End 06.30.10 | Month-to-Date | |
|---|---|---|---|---|---|
| Series A | $9.0875 | $9.1119 | -0.0244 | $8.8067 | +3.1% |
| Series B | $9.0913 | $9.1158 | -0.0245 | $8.8098 | +3.1% |
| Series F | $8.7255 | $8.7489 | -0.0234 | $8.4562 | +3.1% |
| Series X | $9.0875 | $9.1119 | -0.0244 | $8.8067 | +3.1% |
Value Added Monthly Index (VAMI) Since Inception
| 1 month | 6 months | Year-to-Date | CAGR |
1 year |
|---|---|---|---|---|
| -6.0% | -9.1% | -9.1% | 13.3% | 7.9% |
The final NAV for the Performance Fund II: $6.5556
The NAV for the Front Street Canadian Equity Fund as at March 2nd, 2009: $6.4996
The exchange Ratio: $1.008616
Sector Allocation
as at 03/31/10
Top Ten Holdings
as at 03/31/10; listed alphabetically
BANKERS PETROLEUM
BORALEX INC
BUNGE LIMITED
CDN NATURAL RES
CREW ENERGY
DESCARTES SYSTEMS
DRAGONWAVE INC
FLINT ENERGY SERV
HANFENG EVERGREEN
PACIFIC RUBIALES ENE
Fund Notes:
INVESTMENT “SWITCHABILITY”:
Tax-exempt investment switching with other Front Street Mutual Funds Ltd. funds, allowing for changes to sector focus, without penalty.
Investment Switch-Compatible: Front Street Resource Fund, Front Street Diversified Income Fund, Front Street Small Cap Fund, Front Street Special Opportunities Fund, and Front Street Money Market Fund.
Press Releases
Fund Codes & Trading Symbols
Class A -FSC 410 (LL)
Class B -FSC 411 (FE)
Class F -FSC 412 (NL)
Class X -FSC 413 (Formerly Series A)
* Performance and NAV information provided is unaudited, and net of all fees and expenses.
- On October 31, 2008, the Front Street Equity Opportunities Fund, a class of shares of Front Street Opportunity Funds Ltd., was merged into Front Street Canadian Equity Fund Class, a class of shares of Front Street Mutual Funds Limited, with the continuing fund being Front Street Canadian Equity Fund, a class of shares of Front Street Mutual Funds Limited.