Overview
The investment strategy of the Excel Income and Growth Fund is to provide superior returns with moderate risk through a combination of capital appreciation and interest income. The Fund uses a bottom-up value based investment style to select stocks. The fixed income component will be managed using a top-down fundamental analysis to anticipate changes in interest rates and currencies.
Fund Details | Inception Date | January 2, 2007 | | Min. Initial Investment | $500 |
| •Deferred Sales Charge |
$500 |
| •Low Load Sales Charge | $2,500 | | •F Series | $2,500 | | Min. Sub. Investment | $50 | | •F Series | $1,000 | | Fund Category | Global Equity Balanced | | Discipline | Bottom-up Securities Selection | | Distributions | Monthly (as of July 2007) | | Holdings | Income Paying Equity and Debt | | Asset Class | Balanced |
| Management Fee |
2.25% |
| •F Series |
1.25% |
| 100% RRSP and TFSA eligible | Yes | Portfolio Advisors Excel Funds has retained Excel Investment Counsel Inc. to act as portfolio manager responsible for this Fund.
Paul Mesburis is the Senior Portfolio Manager and Chief Compliance Officer of Excel Investment Counsel Inc., and has more than 15 years of investment experience. On the buy-side, his previous roles have included Portfolio Manager of an equity mutual fund focusing on Canadian and US equities. On the sell-side, his investment experience includes investment banking, M&A and institutional equity research. Mr. Mesburis is a Chartered Accountant (Ontario) and a Chartered Financial Analyst. He earned his MBA from the Schulich School of Business at York University and a B.A. from the University of Toronto.
| |  | | Fund Codes | Load Type | CAD$ | US$ | | Front End Sales Charge | EXL 107 | EXL 817 | | Deferred Sales Charge | EXL 207 | EXL 827 | | Low Load Sales Charge | EXL 307 | EXL 837 | | "F Series" | EXL 607 | n/a |
 View detailed listing of Fund Codes (PDF) Investment Strategy Excel Income and Growth Fund features investments in some of the best kept secrets in global income-paying debt and equity securities. This fund is for investors who are seeking to reduce risk and want a fully diversified portfolio in one fund.
Criteria for Investment
- Strong assets + strong balance sheets
- Ability to generate strong free cash flow
- Above average ability to grow dividend
- Responsible management with proven track records
Portfolio of Equity and Debt
- Best equity and debt ideas, NO "window dressing"
- Target between 30-40 equities
- Employ risk management through currency/geographic diversification, and asset type / sector diversification
Key Benefits
- Best kept secrets/ideas in global securities
- Monthly Distribution (as of July 2007)
- Global mandate
- The Fund will have exposure to three asset classes - equities, bonds and cash
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