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Prospectus

Mulvihill Premium Yield Fund

 

MPY
MCM105

Fund Overview

Overview

The Fund is a mutual fund investment trust that seeks to provide unitholders with (i) high quarterly income on a tax efficient basis; (ii) long-term capital appreciation through investment in a portfolio of high quality equity securities; and (iii) lower overall portfolio volatility. The fund will write options to seek to earn tax efficient option premiums, reduce overall portfolio volatility and enhance the portfolio’s total return.

Rationale

The fund will (i) invest in an actively managed portfolio comprised of securities from the S&P/TSX Composite Index and S&P 500 Index; and (ii) use option writing strategies from time to time in response to market conditions to generate an enhanced tax efficient yield.

The fund will use a quantitative approach to build a core portfolio of securities that meet certain fundamental criteria believed to offer superior performance over a long-term time horizon. Stock selection within the Mulvihill Premium Yield Fund favours larger capitalization companies from the S&P/TSX Composite Index and the S&P 500 Index. This universe is screened for stocks generating and growing free cash flow, companies engaged in returning free cash to shareholders via dividends and share repurchases, and companies that trade at attractive valuations on a free cash flow yield metric. The fund will, from time to time employ various investment strategies including the use of derivative instruments to generate income, reduce portfolio volatility and protect capital.

Distributions

Class A, Class F and Class I distributions of $0.50 (or 5%) per Class A unit, Class F unit and Class I unit per annum are paid in the amount of $0.125 each calendar quarter.

Class UA, Class UF and Class UI distributions of US$0.50 (or 5%) per Class UA unit, Class UF unit and Class UI unit per annum are paid in the amount of $0.125 each calendar quarter.

Distributions are not fixed but are reviewed and set annually at the discretion of the Fund.

Portfolio

The fund will invest in an actively managed portfolio comprised of securities from the S&P/TSX Composite Index and S&P 500 Index.

 

 

 Pricing
As of N/A
View Historical NAV  
 Quick Facts
Inception Date: 09-18-2019
Total Assets As of 11-13-2019: $0.00 mm
Management Fee: %
Service Fee: N/A
 Distributions & Tax
View Historical Distributions  
 News
2019-11-04
MPY: Announces Unitholder Approval of Merger
2019-09-27
MPY: Notice of Special Meeting
View More News
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