About this presentation

This document/video is not intended to provide legal, accounting, tax or specific investment advice. Information contained in this document was obtained from sources believed to be reliable; however, EdgePoint does not assume any responsibility for losses, whether direct, special or consequential, that arise out of the use of this information.

Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. This is not an offer to purchase. Mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

Annualized returns for Cymbria

Annualized returns for EdgePoint Wealth Management Prospectus Funds

Annualized returns for EdgePoint Opportunistic Credit Portfolio

These are the benchmark indexes we’ve chosen for our portfolios:

EdgePoint Global Portfolio: The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen as it’s a widely used benchmark of the Global equity market.

EdgePoint Canadian Portfolio: The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen as it’s a widely used benchmark of the Canadian equity market.

EdgePoint Global Growth & Income Portfolio: 60% MSCI World Index / 40% ICE BofA Canada Broad Market Index. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the former is widely used for the Global equity market and the latter representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EdgePoint Canadian Growth & Income Portfolio: 60% S&P/TSX Composite Index / 40% ICE BofA Canada Broad Market Index. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the former is a widely used benchmark of the Canadian equity market and the latter representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EdgePoint Monthly Income Portfolio: The FTSE Canada Universe Bond Index tracks the performance of investment-grade debt denominated in Canadian dollars and issued by Canadian government and corporations. The index was chosen as it is a widely used benchmark of the Canadian fixed income market.

EdgePoint Opportunistic Credit Portfolio: The iShares US High Yield Bond Index ETF is a market-capitalization-weighted ETF that provides exposure to a broad range of U.S. high yield, non-investment grade corporate bonds. The EdgePoint Opportunistic Credit Portfolio does not have an official benchmark. The ETF was chosen for comparison because it is representative of high yield corporate bonds consistent with the Portfolio’s mandate. The ETF is shown rather than the index it tracks because it is an investible product available to investors. The ETF returns are net of fees and based on market prices. As at March 31, 2023 the management expense ratio for the ETF is: 0.66%. ETFs are subject to tracking error relative to the underlying indexes they seek to track, this may cause performance to deviate from the underlying index.

Why our performance may not be similar to their benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability.

Note: The indexes are not investible.

Forward-looking statements

This presentation may contain forward-looking statements including strategy, expected performance and condition. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or negative versions thereof and similar expressions.

In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future action, is also a forward-looking statement. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about economic factors.

Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied in any forward-looking statements made by EdgePoint. Any number of important factors could contribute to these digressions, including, but not limited to, general economic, political and market factors, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, and catastrophic events.

We stress that the above-mentioned list of important factors is not exhaustive. We encourage you to consider these and other factors carefully before making any investment decisions and we urge you to avoid placing undue reliance on forward-looking statements. Further, you should be aware of the fact that we have no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, prior to the release of the next Management Report on Fund Performance.

Endnotes

1. Source: CIBC Mellon. Morningstar Direct. Annualized total returns as at March 31, 2023. In C$. Cymbria is a taxable Canadian corporation, so the NAV shown is net of current income taxes. The NAV doesn’t include potential future taxes associated with unrealized capital gains.

2. Source: CIBC Mellon. Morningstar Direct. Annualized total returns as at March 31, 2023. In C$. Cymbria is a taxable Canadian corporation, so the NAV shown is net of current income taxes. The NAV doesn’t include potential future taxes associated with unrealized capital gains.

3. Source, Cymbria returns: Fundata Canada Inc. Source, MSCI World index returns: Morningstar Direct. As at March 31, 2023. Returns in C$. Since inception date Nov 3, 2008. Returns from investment selection calculated on time-weighted basis and excludes the value of Cymbria's stake in EdgePoint and dividends received from EdgePoint and including normal-course issue bid (NCIB) and Liquidity Realization Opportunity (LRO) proceeds. An NCIB is when a company repurchases its own stock from the public in order to cancel it. An LRO is an agreement to buy shares from a willing seller at an agreed upon price when Cymbria shares trade at a discount to net asset value. 

4. Growth is either revenue per share (Homepro and Inovatec) or earnings per share (MDA). Different metrics were used because they more accurately reflect the company’s valuation based on its specific business. Returns are based on quarterly valuations as at March 31, 2023, with the exception of MDA Corp. which is calculated based on realized shares sold.

5. Source, EdgePoint returns: Fundata Canada Inc. Source, benchmark returns: Bloomberg LP. Annualized total returns in C$. *EdgePoint Series F and the benchmark returns are since November 2, 2021. Source, fees: Morningstar Direct. Category average MERs of actively managed, fee-based series funds excluding institutional series in the following categories: Canadian Fixed Income and Global Fixed Income. For funds that have not reported 2022 MERs by March 15, 2023, the 2021 MER was used. EdgePoint Portfolio MERs as at December 31, 2022. Series F is available to investors in fee-based/advisory fee arrangement and excludes trailing commissions. Duration is a measure of a debt instrument’s price sensitivity to a change in interest rates. The higher the duration, the more sensitive a bond’s price is to changes in interest rates. Yield-to-maturity is the total return anticipated on a bond if it’s held until it matures and coupon payments are reinvested at the yield-to-maturity. Yield-to-maturity is expressed as an annual rate of return.The FTSE Canada Universe Bond Index tracks the performance of investment-grade debt denominated in Canadian dollars and issued by Canadian government and corporations. The index is not investible. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/ sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed income comparability from the index.

6. As at March 31, 2023. The 10-year Partner Program is a fee reduction applies to those partners who have been invested in an EdgePoint Portfolio for 10 or more consecutive years and are currently invested in a qualifying series. The fee reduction is offered at least annually as a rebate in the form of a management fee distribution (“rebate”) reinvested in additional units of the Portfolio(s) held in qualifying accounts. The reduction is applied to the management fees applicable to Series A, Series A(N), Series F or Series F(N), along with their respective T4/T6 versions, net of trailer fees paid to your Dealer (if applicable), operating expenses and taxes, net of trailer fees that we pay to the account's Dealer (if applicable), operating expenses and taxes. The reduction is 10% for EdgePoint Global and Canadian Portfolios; 5% for EdgePoint Global and Canadian Growth & Income Portfolios; and 3% for EdgePoint Monthly Income Portfolio. The rebate is applied to all eligible current and future portfolio series held at the investor account level. Other accounts that may be associated with an eligible investor (e.g., spouse’s account, holding company account, etc.) will not be eligible for the rebate unless those accounts separately meet the tenure requirement. The rebate is not negotiable and is paid at EdgePoint’s discretion. The program may be revised or terminated at any time.

7. As at March 31, 2023, EdgePoint Canadian Portfolio and EdgePoint Canadian Growth & Income Portfolio held Constellation Software Inc. equity. EdgePoint Canadian Portfolio, EdgePoint Canadian Growth & Income Portfolio and EdgePoint Global Growth & Income Portfolio held Constellation Software Inc. fixed income.
   
   Legend: EPGP (EdgePoint Global Portfolio), EPCP (EdgePoint Canadian Portfolio), EPGIP (EdgePoint Global Growth & Income Portfolio), EPCIP (EdgePoint Canadian Growth & Income Portfolio), EPOC (EdgePoint Opportunistic Credit Portfolio), EPMIP (EdgePoint Monthly Income Portfolio)
   
   EdgePoint Investment Group Inc. may be buying or selling positions in the above companies. This isn’t indicative of investment advice and does not constitute a personal recommendation or take into account the particular investment objectives, financial situations or needs of individuals.

8. As at March 31, 2023, Cymbria, EdgePoint Canadian Portfolio, EdgePoint Canadian Growth & Income Portfolio, EdgePoint Opportunistic Credit Portfolio and EdgePoint Go West Portfolio held Computer Modelling Group Ltd. equity.
   
   Legend: EPGP (EdgePoint Global Portfolio), EPCP (EdgePoint Canadian Portfolio), EPGIP (EdgePoint Global Growth & Income Portfolio), EPCIP (EdgePoint Canadian Growth & Income Portfolio), EPOC (EdgePoint Opportunistic Credit Portfolio), EPMIP (EdgePoint Monthly Income Portfolio)
   
   EdgePoint Investment Group Inc. may be buying or selling positions in the above companies. This isn’t indicative of investment advice and does not constitute a personal recommendation or take into account the particular investment objectives, financial situations or needs of individuals.

9. Source: Morningstar Direct. As at July 31, 2022. Industry excludes EdgePoint Funds. Fund universe consist of open-ended, Canadian-domiciled funds launched between November 17, 2008 and July 31, 2022. The series with the earliest launch date was used to determine a fund’s inception date. Closed funds were calculated based on all series being liquidated or merged with another fund. The series with the latest termination date was used to determine a fund’s termination date.

10. Source, industry average: Source: IFIC, Scotiabank GBM. Trailing 12-month gross redemption rate (percentage of AUM) as at November 30, 2022 for long-term assets. Data consists of companies who report directly to IFIC along with estimates from Strategic Insight. Advisors who have shown true alignment over time. Identified as advisors who have partnered with EdgePoint for a long time, have low redemption rates relative to peers and have invested during downturns. They make up 82% of EdgePoint’s retail AUM. As at December 31, 2022.

11. Source, Benchmark sector breakdown: FactSet. GICS sectors are used to obtain benchmark’s sector weights. Source, Benchmark return: Bloomberg LP. Cumulative total return in $C. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The S&P/TSX Composite Energy (Sector) Index measures the constituents’ performance in the S&P/TSX Composite that are classified in the GICS® Energy sector. The indexes are not investible.

12. 25% of EdgePoint Investment team’s bonus is based on 3-year returns, with the remaining 75% is based on 5-year performance.

13. Source, index: FactSet Research Systems Inc. Total returns net of fees in C$ as at March 31, 2023. First decline: January 2, 2009 to March 9, 2009. Second decline: April 15, 2010 to June 9, 2010. Third decline: February 18, 2011 to August 19, 2011. Fourth decline: August 5, 2015 to September 29, 2015. Fifth decline: December 29, 2015 to February 11, 2016 Sixth decline: September 27, 2018 to December 24, 2018. Seventh decline: February 12, 2020 to March 23, 2020. Eighth decline: December 29, 2021 to June 16, 2022. Declines were calculated based on the MSCI World Indexes largest declines. Only declines greater than -10% were shown. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. The index is not investible.

14. Source, Pool Corp. total returns: FactSet Research Systems Inc. Total returns in US$ from November 4, 2008 to March 9, 2009. This period was selected as it represented a peak to trough decline greater than -10% for the MSCI World Index. The MSCI World Index is used as a benchmark for Cymbria. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The index is not investible. We manage Cymbria independently of the index we use as a long-term performance comparison. Differences including security holdings and geographic allocations may impact comparability and could result in periods when our performance differs materially from the index. Differences including security holdings and geographic allocations may impact comparability and could result in periods when our performance differs materially from the index.

15. Source, index: FactSet Research Systems Inc. Total annualized returns net of fees in C$. Three year annualized returns are measured from the peak date prior to each decline in the MSCI World Index, that was greater than -10%. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. The index is not investible.

16. The Nifty Fifty stocks were a group of 50 popular large-cap stocks that were widely regarded as safe long-term investments during the 1960s and 1970s in the United States. These companies were known for their stable earnings growth and high valuations. The oil crisis in the 1980s was caused by a combination of oversupply, weaker demand, and increased competition from non-OPEC producers, leading to a collapse in oil prices and significant economic repercussions for oil-exporting countries. The Japan market bubble, also known as the "Japanese asset price bubble", was an economic phenomenon that occurred in Japan during the 1980s. It was characterized by a rapid rise in the prices of Japanese real estate and stocks, fuelled by speculative investments and easy credit policies implemented by the Japanese government and central bank. In the 1990s, investors were optimistic about the potential of developing countries to achieve rapid economic growth and catch up with the developed world, leading to a surge in capital inflows, rising stock and bond prices, and rapid credit expansion. The tech bubble, also known as the dot-com bubble, was a speculative frenzy in the late 1990s and early 2000s, characterized by soaring stock prices of internet-based companies driven by investor optimism and a belief in the limitless potential of the emerging digital economy. The 2008 financial crisis was a global economic crisis triggered by the collapse of the United States housing market, which led to a widespread failure of financial institutions and significant economic disruption worldwide.

17. Source, Taurus Fund: Bolton Tremblay Funds Inc. 1982 Annual Report. Source, MSCI World Index: Morningstar Direct. The above values are for illustrative purposes only and do not represent an actual client’s results. Total annual returns, net of fees, measured in C$. Historical performance is not indicative of future returns. The Taurus Fund was used for illustrative purposes only to demonstrate the history of the investment approach. Taurus Fund invested in companies with above average growth possibilities. The fund contained mainly U.S. and Canadian securities although the fund could invest in other parts of the world. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The MSCI World Index was used for comparison purposes as it represents a broad global equity universe across several developed market countries. The index is not investible. The Taurus Fund was managed independently of the index used for comparison purposes. Differences including security holdings, geographic/sector allocations and market cap size may impact comparability.

18. Source, Trimark Fund and MSCI World Index: Morningstar Direct. The above values are for illustrative purposes only and do not represent an actual client’s results. Total annual returns, net of fees, measured in C$. Historical performance is not indicative of future returns. The Trimark Fund was used for illustrative purposes only to demonstrate the history of the investment approach. The Trimark Fund sought long-term growth by investing in high-quality global stocks with attractive prices relative to projected earnings, cash flow and value. The Trimark Fund changed its name to Invesco Global Companies Fund on July 27, 2018. As at October 17, 2016 the Trimark Fund changes its benchmark to the MSCI All Country World Index. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The MSCI World Index was used for comparison purposes as it represents a broad global equity universe across several developed market countries. The index is not investible. The Trimark Fund was managed independently of the index used for comparison purposes. Differences including security holdings, geographic/sector allocations and market cap size may impact comparability.

19. Source, MSCI World Index: Morningstar Direct. The above values are for illustrative purposes only and do not represent an actual client’s results. Total annual returns, net of fees, measured in C$. Historical performance is not indicative of future returns. Cymbria was used for illustrative purposes only to demonstrate the history of the investment approach. Cymbria seeks to provide long-term capital appreciation by investing primarily in global companies with strong competitive positions, defendable barriers to entry, long-term growth prospects and competent management teams. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The MSCI World Index was used for comparison purposes as it represents a broad global equity universe across several developed market countries. The index is not investible. Cymbria is managed independently of the index used for comparison purposes. Differences including security holdings, geographic/sector allocations and market cap size may impact comparability.

20. Source, Ark Innovation ETF: Bloomberg LP. The Ark Innovation ETF is actively managed and seeks long-term growth of capital by investing in domestic and foreign equity securities of companies that are relevant to the ETF's investment theme of disruptive innovation. The ETF defines disruptive innovation as the introduction of a technologically enabled new product or service that could change the way the world operates. ETF returns are net of fees and based on market prices. As at April 30, 2023, the management expense ratio for the ETF is 0.75%. The Ark Innovation ETF was compared to Cymbria to illustrate the importance of having an investment portfolio diversified by business idea. Cymbria and the Ark Innovation ETF have different investment objectives. In addition, differences including security holdings, geographic/sector allocations and market cap size may impact comparability. These are not comparable investments.

Important information - Trimark Fund

As at April 30, 2023
Total returns, net of fees (excluding advisory fees), in C$

*Annualized.

**As at July 27, 2018, Trimark Fund changed its name to Invesco Global Companies Fund.

***As at October 17, 2016 the Trimark Fund changed its benchmark to the MSCI All Country World Index.

Fund and index definitions

Trimark Fund: Trimark Fund sought long-term growth by investing in high-quality global stocks with attractive prices relative to projected earnings, cash flow and value.

MSCI World Index: a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market. The index is not investible.

Important information - Quartile/percentile definitions

Note: Use of the term “percentile” includes quartile information.

Source, percentiles: Morningstar Direct. Percentile rankings are determined by Morningstar Research Inc., an independent research firm, based on categories maintained by the Canadian Investment Funds Standards Committee (CIFSC). Morningstar Research Inc. classifies EdgePoint Global Portfolio within the Global Equity peer group, EdgePoint Canadian Portfolio within the Canadian Equity peer group, EdgePoint Global Growth & Income Portfolio within Global Equity Balanced peer group and EdgePoint. The entire category is used to calculate quartile rankings. Quartile rankings are subject to change every month. Total returns, net of fees (excluding advisory fee), in C$. Series F is available to investors in a fee-based/advisory fee arrangement and doesn’t require EdgePoint to incur distribution costs in the form of trailing commissions to dealers.

The peer groups selected for EdgePoint Opportunistic Credit Portfolio and EdgePoint Go West Portfolio were done internally. Funds selected for the peer groups represent investment objectives. Both Portfolios are available via prospectus exemption to qualified investors. Please refer to their Offering Memorandums for more information.

Morningstar Inc. percentile information: Source: Morningstar Research Inc. Morningstar percentiles divide return data on a monthly basis into one hundred equal sections by fund peer group and return period. The percentile are ranked, with the top 1% being in the first percentile, the next 1% being the second percentile, etc. The quartiles are ranked, with the top 25% being in the first quartile, next 25% in the second, etc.

Global Equity peer group: consists of funds that invest in securities domiciled anywhere around the world with an average market capitalization greater than the small/mid-cap level. These funds must invest between 10% and 90% of equity holdings in Canadian or U.S. companies. Funds without strict investment restrictions and don’t qualify for other geographic categories are assigned to this category.

Canadian Equity peer group: consists of funds that predominantly invest in securities domiciled in Canada with an average market capitalization greater than the Canadian small/mid-cap level. These funds must invest at least 90% of equity holdings in Canadian.

Global Equity Balanced peer group: consists of funds that invest a maximum of 70% of total assets in a combination of securities domiciled in Canada and Canadian dollar-denominated fixed-income securities. These funds must invest at least 60% but no more than 90% of total assets in equities.

Canadian Equity Balanced peer group: consists of funds that must invest a minimum of 70% of total assets in a combination of securities domiciled in Canada and Canadian dollar-denominated fixed-income securities. These funds must invest at least 60% but no more than 90% of total assets in equities.

Important information - EdgePoint Portfolio quartiles (Prospectus funds)

As at March 31, 2023
Total returns, net of fees (excluding advisory fees), in C$

* Returns for periods greater than one year are annualized.

Important information - EdgePoint Portfolio 10-year return quartiles (Monthly fund counts)