The fundamental investment objective is to achieve long-term capital appreciation by investing in, or gaining exposure to, primarily equity securities of issuers in the United States. The Fund may also invest in, or gain exposure to, equity securities of issuers located in other countries. The Fund also seeks to eliminate substantially the Fund's foreign currency exposure.
100% Russell 1000 Value Index - US$
This Fund may be suitable for medium to long-term investors who want a core U.S. holding in the growth component of a diversified portfolio without substantial foreign currency exposure; are seeking long-term growth of capital through well established, high-quality U.S. companies with value characteristics and are willing to accept a moderate level of risk.
The Fund provides you with the
opportunity to gain exposure to established
U.S. companies that are undervalued.
The Fund aims to deliver superior returns
relative to the investment risk involved.
Stock selection and sector allocation decisions were positive contributors to performance relative to the Russell 1000 Value Index (C$). Portfolio holdings in the energy, industrials and business services, materials, and information technology sectors outperformed, offsetting relative weakness in financials and utilities. Stock selection drove the energy sector's position as the largest contributor to relative performance, while stock selection and an underweight position made the financials sector the largest detractor. Returns were weaker in Canadian dollar terms due to hedging as the U.S. dollar strengthened versus the Canadian dollar during the quarter.
|Minimum non-RSP Investment:
|Minimum RSP Investment:
|Minimum Subsequent Investment:
Up to 2.00% of purchase cost if redeemed within 30 days of purchase.
||2.59% MER as of December 31, 2012
||Sep. 6, 2006
||$ 10.32 million as of May 31, 2013.
|Minimum PPP Amount:
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