Equity Income

The Goodman Canadian Income Trust portfolio invests in a diverse array of four income trust categories, including resource, real estate, business and utility trusts. Through these holdings, the portfolio is committed to providing a stable and tax-advantaged monthly income stream. Our team employs strict due diligence measures to determine "best of class" businesses for the portfolio. Emphasis is given to businesses with sustainable cash flow distributions, dominant positions in their respective industries, and with managements holding a significant equity stake in the trust.

Our investment philosophy represents a patient and common sense approach to investing. A guiding principle in the management of our Canadian income trust portfolios is the understanding that trusts represent ownership of a business. Each investment decision reflects an opinion about long-term prospects for a specific business – not unpredictable, short-term prospects for the stock market. While short-term forces may cause significant price fluctuations, over the long term, great companies tend to reward patient investors with excellent investment returns.

Investment Process

A guiding principle for portfolio construction centres around the need for diversification within the Canadian income trust category. We endeavour to have the four main types of income trusts represented meaningfully in the portfolio -  resources, real estate, utilities and business trusts.

In the security selection process we employ a top-down approach, supplemented with bottom-up fundamental analysis. Geographic location and sector allocation are the two key elements in the top-down approach. Management's vision, asset quality and key financial ratios such as enterprise value, price/cash-flow, price/AFFO, PEG ratio and others are important in the bottom-up approach.

Securities are sold when a material or fundamental change has occurred with respect to the underlying business.

We employ in-house research as part of our due diligence process. This is achieved through a dedicated and experienced analytical team with backgrounds in resources, real estate, utilities and other businesses.

Fees

Series I units
Minimum Investment $1M
On the first $10 Million			0.70%
On the next $40 Million			0.60%
On the next $50 Million			0.40%
Over $100 Million			0.30%
Separate Account (sub-advisory)
Minimum Investment $10M
On the first $50 Million			0.30%
On the next $50 Million			0.23%
On the next $150 Million			0.19%
Over $250 Million			0.15%

HNW Fees

Series I units
Minimum Investment $1M
On the first $10 Million			0.70%
On the next $40 Million			0.60%
On the next $50 Million			0.40%
Over $100 Million			0.30%
Separate Account (sub-advisory)
Minimum Investment $10M
On the first $50 Million			0.30%
On the next $50 Million			0.23%
On the next $150 Million			0.19%
Over $250 Million			0.15%

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