ince nception - PDF document

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ths 1 Year ea Year ince nception PORTFOLIO Performance 16.28 5.38 8.22 7.41 8.0 ENCHMARK Comparison 12.80 4.58% 9.34% 7.03% 7.51% V al u e o f Private Portfolio ch 4 (Inception Date) June 30 , 201 9 $30,133 5,439 Zava Global Growth & Income Private ortfolioJune0th, 2012ndQuarter)anco G. Zava, LL.B., CIMortfolio ManagerInvestmentAdvisorel.: 2509538432franco.zava@nbc.caed e gees.en5% 1 da, 5% al al P 0 al % MEAFal rn & This ortfolio is suitable for investors who:are seeking diversified equity exposure to Canadian, US & International markets combined with a reasonable income streamare willingto tolerate a moderate level of risk with a minimum time horizon of 2 5 yearsprefer minimal involvement with the investment decision making process.Asset Allocation Cash Canada US Equity Fixed Income Alternative Foreign Equity C o n t a c t i n f o r m a t i o n Sima Sepahi nk Finia Franco G. Zava, LL.B., CIM Associatenar & Investment Advisor Tel. 2509538413sima.sepahi@nbc.caBuilding your financial futurePortfolio at End of Q Issuer Region Weight Brookfield Property Partners Canadian5.14 BMO Ultra ShortTerm Bond ETF Canadian 1.65 Manulife Financial Corp. Canadian6.52 Waste Connections Inc. Canadian 4.97 rookfield Infrastructure Units Canadian 6.2 Collers InternationalGroup Canadian 4.55 anguard FTSE Canada All Cap ETF Canadian 6.8 Nutrien Ltd Canadian 4.64 BMO Nasdaq 100 ETF U.S. 2.27 Pattern Energy Group U.S. 4.94 Becton Dickinson& C U.4.37 Vanguard S&P MidCap 400 ETF U.S. 5.69 Vanguard FTSE Developed Europe ETF International 5.97 iShares S&P Global Energy ETF International 5.26 iShares S&P Global Cons. Disc.ETF International6.21 Cash Cash 4.76 Issuer Action BMO Ultra Short Term Bond ETF (ZST) TRIMMED Colliers International Group (CIGI) BOUGHT Nutrien Ltd. (NTR) BOUGHT Issuer Action Pattern Energy Group (PEGI) TRIMMED Sienna Senior Living Inc. (SIA) SOLD BMO Nasdaq 100 EFT (ZQQ) BOUGHT Transactions Executed In The Quarter I h a v e p r e p a r e d t h i s c o m m e n t a r y t o g i v e y o u m y t hou g h t s o n v a r i ou s fi na nc ia l a s pe c t s a nd c o n si d e r a ti o n s . T h i s c o m m e n t a r y r e

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f l e c t s m y o p i n i o n al on e and m a y n o t r ef l e c t the v i e w s o f N a ti o n a l B a nk Fina nc ia l G r ou p . I n e x p r e s si ng th es e , I bng t udnd proe m the e f some o sus a bnge nvhet shoe s a eftins ther than y the eseah f Ntink Financ. Ntink Financn ubsidnk f anahe Nnk f anada s a n the change nk Financs a emer f the anadn esr n nd . • Ntink Financs financ , ft or er or n heein and e emunn or nk Financ/ or epess or e a n n the d heein and e or f these tie tie n the en t thehe ticuld heein e e e e abbut e t eend e nit uend ns uce,and t e e e P o r t f o l i o M ana ge r ’ s C o m m e n t s Q2 saw global markets continue to build on their significantly positive performance from Q1. Canada (S&P/TSX) is now up +14.4%year to date (YTD), underperforming US markets (S&P500) which have now added 17.4% YTD. Global markets (MSCI ACWI) gained 14.6% while Europe (MSCIEurope) and Emerging markets (MSCI EM) are now up 13.5% and 8.7% respectively YTD. Additionally, the CDN dollar is the best performing global currency so far in 2019.Driving markets higher, especially in the US,has been the expectation that the Federal Reserve and other global Central Banks, are preparing to lower interestratesin the face of what appears to be the beginning of a global economic slowdown. The USChina trade war continues to weigh heavilyon short term economic expectations. Q2 saw a few transactions of note in your Private Portfolio. We trimmed Pattern Energy(PEGIwhich continues to become a larger part ofthe portfolio as it hasmovehigher. We sold our entire position in Sienna Senior Living (SIA)at a profit and redeployed cashby initiatingpositions in Colliers International Group (CIGI)Nutrien Ltd. (NTR)and a smaller position in the BMO Nasdaq 100 ETF (ZQQ)Your Private Portfolio continues to carry over 20% in very short term fixed income as a cushion against potential downside from the current markets highs. The PrivatePortfoliosignificantly outperformed YTD with a return of 6.28in 2019 and continues tooutperform our 1 year, 5 year & “Since Inception” benchmarkAn investment since inception (March 4, 2014) would now have providedyou withannualizedreturnof 8.01% per year.Click here for most recent edition of NBF’s “Monthly Equity Monito