WaveFront Global Diversified Investment Class

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Fund Strategy

The Fund seeks long-term absolute, risk-adjusted returns with low correlation to global equity and fixed-income market returns.


Investment Process

In partnership with the University of Waterloo, the Fund’s manager has developed a systematic investment process to identify opportunities across all markets and manage risk. Using computer-driven systems to analyze market behaviour, they identify trends and position the portfolio to profit for as long as the trend persists, whether down market or up market trends. The Fund invests in a broad range of sectors including commodities, equity indices, currencies and fixed income instruments using futures contracts and determining positions based on expected profit potential. The Fund’s fixed downside risk budget is equally allocated across all markets on a risk-adjusted basis.


Investor Profile

  • Investors seeking to stabilize overall portfolio capital
  • Investors looking to own an investment uncorrelated to traditional asset classes
  • Investors who wish to access returns from wide markets outside of traditional stocks and bonds alone.

Portfolio Manager Videos

Video: 
Exemplar Diversified Portfolio Video

March 31, 2015



Fund Documents

 

Portfolio Managers

Chairman & Chief Investment Officer, WaveFront Global Asset Management

How to Invest

Mutual Fund Solutions

Fund Overview

Fund Performance

Fund Performance: 
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 -5.31 3.89 0.46 1.96 -0.56 -1.59 - - - - - - -1.40
2018 6.71 -10.81 -2.34 0.03 -2.98 -0.86 0.31 -0.19 1.79 -6.99 0.08 3.64 -12.06
2017 -1.69 -1.99 -3.33 -0.90 -3.14 -1.66 1.80 1.40 -3.45 -0.45 -0.51 1.02 -12.33
2016 3.24 1.46 -3.33 -3.32 -4.84 5.08 -0.39 -6.01 -3.25 -5.02 -5.78 -0.28 -20.87
2015 11.57 -1.17 0.58 -4.16 0.58 -2.12 4.62 0.88 0.26 -3.61 2.70 -1.31 8.19
2014 -2.95 1.16 -3.75 0.06 0.09 0.15 5.19 3.36 2.76 -0.42 7.55 3.26 17.11
2013 3.13 -0.56 0.65 4.00 -0.12 0.32 -2.92 -3.80 1.02 2.12 3.34 2.20 9.46
2012 -2.78 -2.80 -1.53 3.15 6.95 -5.98 1.18 -1.47 -4.54 -4.80 -1.53 0.61 -13.37
2011 -0.22 3.83 -1.53 3.67 -2.98 -2.21 2.77 1.01 -3.93 -4.21 0.70 1.36 -2.17
2010 -3.27 2.32 3.34 0.25 -3.26 -0.14 -3.76 9.20 1.77 5.48 -1.88 2.98 12.90
2009 - - - - - 0.72 0.63 4.36 2.83 -3.64 8.08 -3.50 9.32
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 -5.40 3.80 0.38 1.89 -0.66 -1.69 - - - - - - -1.92
2018 6.60 -10.88 -2.42 -0.06 -3.06 -0.94 0.22 -0.28 1.74 -7.11 -0.01 3.55 -13.01
2017 -1.79 -2.07 -3.41 -0.97 -3.23 -1.74 1.71 1.32 -3.53 -0.54 -0.60 0.94 -13.23
2016 3.12 1.39 -3.32 -3.40 -4.92 5.02 -0.45 -6.13 -3.32 -5.10 -5.86 -0.36 -21.59
2015 11.52 -1.33 0.53 -4.12 0.55 -2.17 4.56 0.80 0.19 -3.74 2.68 -1.45 7.33
2014 -3.04 1.08 -3.84 -0.02 0.01 0.05 5.10 3.28 2.67 -0.51 8.50 3.19 17.02
2013 3.03 -0.64 0.56 3.90 -0.21 0.24 -3.01 -3.89 0.93 2.02 3.25 2.11 8.26
2012 -2.86 -2.88 -1.61 3.06 6.99 -6.18 1.09 -1.56 -4.62 -4.89 -1.61 0.52 -14.28
2011 -0.31 3.79 -1.63 3.61 -3.06 -2.40 2.76 0.93 -4.14 -4.31 0.61 1.27 -3.29
2010 -3.37 2.24 3.29 0.18 -3.46 -0.23 -3.85 9.27 1.70 5.42 -1.97 2.92 11.91
2009 - - - - - 0.63 0.52 4.27 2.88 -4.00 8.07 -3.58 8.55

Growth of $1,000

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Risk Bar Description: 
Risk Rating

Portfolio Details

Fund Codes
A Class : AHP 1100
F Class : AHP 1110
L Class : AHP 1130


Minimum Investment
$1,000


Management Fee
A Class : 2.00%
F Class : 1.00%
L Class : 2.30%


Performance Fee
20%


High Water Mark
Perpetual, based on the highest calendar year-end adjusted NAV


Hurdle Rate
6%


Investment Sub-Advisor
WaveFront Global Asset Management Corp


Liquidity
Daily


Short term redemption charge
2% of NAV within the first 90 days


RSP Eligibility
RSP, RRIF,DSP, RESP, DPSP, TFSA


Auditor
PricewaterhouseCoopers


Custodian & Valuation Agent
CIBC Mellon Asset Servicing


Administrator
RBC Investor & Treasury Services


Fund Manager
Arrow Capital Management Inc.

 

Source: Morningstar, 2019

Fund inception date is May 1, 2009.

Effective June 18, 2019, the fund was renamed WaveFront Global Diversified Investment Class (formerly Exemplar Diversified Portfolio).

Unless otherwise stipulated, WaveFront Global Diversified Investment Class returns are net of all fees, in Canadian dollars, reflect series “F” shares and assume reinvestment of all distributions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Except as otherwise noted the indicated rates of return are the historical annual compounded total returns including changes in share value and the reinvestment of all dividends or distributions and do not take into account the sales, redemption, distribution, or optional charges or income tax payable by the shareholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Portfolio holdings, including the Top Holdings are subject to change without notice.