Cymbria Portfolio

Overview
Historical prices
Investment results
Calendar-year returns
EdgePoint dividends
EdgePoint valuation
Materials
Investment approach
Cymbria's investment objective is to provide shareholders with long-term capital appreciation through an investment in a concentrated portfolio of global equities and an investment in EdgePoint Wealth Management Inc.
Top 10 holdings
Company
Portfolio %
1. 
20.48%
2. 
4.31%
3. 
3.60%
4. 
3.44%
5. 
3.39%
6. 
3.38%
7. 
2.77%
8. 
2.56%
9. 
2.54%
10. 
2.52%
Total
48.98%
Portfolio information
For the quarter ended September 30, 2019
Start date
November 4, 2008
Total assets
$1.2 billion
Number of holdings
47
Portfolio fees
Class Stock symbol Management fee MER TER
XManagement fee:
This component of the MER is what you pay us for investment and financial services. We don’t charge this fee on the value of EdgePoint Wealth and, as such, the effective rate will be less than 1%.
XMER:
This compensates EdgePoint and includes the management fee, operational costs and sales taxes. The MER isn’t charged directly to you but is paid by Cymbria and ultimately reduces your investment returns.
XTER:
The trading expense ratio (TER) represents the trading expenses incurred by Cymbria. These expenses aren't included in the MER but they're still costs borne by the investor and reduce returns. The total cost of ownership is the sum of the MER plus the TER.
A CYB 1.00% 1.19% 0.04%
X
Class aNAV $ daily change % daily change
A -- -- --

As Cymbria is a taxable Canadian corporation, the aNAV is shown net of current income taxes. The aNAV, however, does not include potential future taxes associated with unrealized capital gains. Previously NAV, aNAV represents the fair value of net assets of Cymbria, which differs from IFRS shareholders’ equity in that it excludes deferred taxes.

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We measure investment success over periods of ten years or more and believe it takes considerable skill to consistently add value over the long term.  As such, we place little value in the short-term investment results shown.

RETURNS AS AT
Class YTD 1-year 3-year 5-year 10-year Since inception Inception date
A -- -- -- -- -- -- November 3, 2008

We measure investment success over periods of ten years or more and believe it takes considerable skill to consistently add value over the long term.  As such, we place little value in the short-term investment results shown.

Class 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Inception date
A 16.98% 0.43% 23.48% 12.91% 17.69% 23.31% 52.16% 11.07% -2.12% 11.82% November 3, 2008
Calendar-year performance during the year of inception is calculated from the inception date to the end of the year.
DATE
An important driver of wealth for Cymbria is the dividends from EdgePoint Wealth, one of Cymbria’s top holdings. EdgePoint typically pays dividends quarterly, which can be reinvested by Cymbria in its portfolio of investments or used to buy back Cymbria shares.

Date Dividend amount Total dividends received to date
December 30, 2009 $20,619 $20,619
December 07, 2010 $1,061,640 $1,082,259
September 08, 2011 $418,958 $1,501,217
December 20, 2011 $837,609 $2,338,826
August 15, 2012 $726,334 $3,065,160
December 27, 2012 $1,035,387 $4,100,547
June 28, 2013 $931,493 $5,032,040
December 16, 2013 $1,242,000 $6,274,040
June 30, 2014 $1,552,508 $7,826,548
December 19, 2014 $2,484,001 $10,310,549
June 30, 2015 $2,691,006 $13,001,555
December 18, 2015 $2,691,006 $15,692,561
June 01, 2016 $3,726,001 $19,418,562
December 12, 2016 $3,726,001 $23,144,563
June 01, 2017 $5,175,007 $28,319,570
December 04, 2017 $5,175,007 $33,494,577
June 08, 2018 $6,824,759 $40,319,336
September 05, 2018 $3,105,015 $43,424,351
December 12, 2018 $4,140,011 $47,564,362
March 15, 2019 $4,347,016 $51,911,378
June 14, 2019 $5,175,007 $57,086,385
September 13, 2019 $6,282,177 $63,368,562
December 12, 2019 $6,212,378 $69,580,940
Cymbria’s original investment in EdgePoint Wealth of $509,585 has grown to to $254,430,737. In addition to this growth, Cymbria has received $69,580,940 in dividends from EdgePoint for a total contribution of $323,502,092 as at December 12, 2019.

EdgePoint’s growth has been a meaningful contributor to Cymbria's return.

Date Value of Cymbria's stake in EdgePoint
December 30, 2009 $3,371,460
December 07, 2010 $8,917,671
December 20, 2011 $11,658,387
December 31, 2012 $14,670,272
April 01, 2013 $18,187,759
December 06, 2013 $35,646,025
December 11, 2014 $62,439,718
August 14, 2015 $73,125,457
December 10, 2015 $99,375,692
December 08, 2016 $110,327,037
May 15, 2017 $151,878,960
December 15, 2017 $185,940,800
June 27, 2018 $223,086,463
December 12, 2018 $224,120,928
June 20, 2019 $248,380,518
December 12, 2019 $254,430,737

Cymbria annual report
Pour notre douzième année d'existence, lisez notre rapport annuel débordant d’information!
December 31, 2019
Annual Information Form
Material information about Cymbria’s operations, prospects, risks and other factors that may impact its business.
March 27, 2020
Cymbria interim reports
Management’s Discussion and Analysis provides a review of Cymbria's financial results.
View PDF
Cymbria commentary
Updates from our Investment team.
My investing journey (and what I learned to forget along the way)
Frequently asked questions
Everything you need to know about Cymbria in one place.
FAQ
Liquidity Realization Opportunity
The LRO can provide an opportunity for Cymbria shareholders to dispose of their shares at price close to net asset value.
Cymbria LRO policy