Fixed income Commercial Mortgage Fund Portico Fund facts as at Sept PDF document - DocSlides

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Fixed income Commercial Mortgage Fund (Portico) Fund facts as at Sept. 30, 2014 Fund code : LMG Asset class : Fixed income Asset category : Canadian Mortgage Fund inception date : March 2000 Segregated fund size : $666.7 million Underlying fund : n/a Underlying fund size : n/a Yield to maturity : 2.90% Duration : 4.17 Total fund operating expenses 2013 2012 2011 0.036% 0.035% 0.034% Volatility meter Low Risk within all asset classes Risk within fund asset class High Investment advisor GLC Asset Management Group Ltd. (GLC) Who is GLC Asset Management Group Ltd. (GLC)? Canadian portfolio management subsidiary of The Great-West Life Assurance Company Offers a broad range of investment mandates through four distinct investment management divisions: GWL Investment Management (GWLIM), London Capital Management (London Capital), Laketon Investment Management (Laketon) and Portico Investment Management (Portico) $36.1 billion in assets under management as of December 31, 2013 Investment management style Portico's approach is to acquire and maintain a high quality diversified portfolio of commercial mortgages to produce, stable and predictable income with minimal default risk. Portico's fixed-income management style uses a consistent approach to fundamental market research and quantitative research to ensure a measured approach to portfolio construction and is disciplined to ensure risk management is always top of mind. Fund objective To provide a high level of income while maintaining long-term stability of capital. The Fund invests primarily in mortgages on Canadian property, diversified across regions. Emphasis is on commercial properties, but both multi-family and single-family residential mortgages may be included. A mix of office, industrial, retail, multi-family and miscellaneous properties secure the loans. Historical performance as at Sept. 30, 2014 This graph shows how a $10,000 investment in this fund would have changed in value compared with the benchmark: 75% FTSE TMX Canada Residential Mortgage Market Index, 15% FTSE TMX Canada Mid Term Bond Index, 5% FTSE TMX Canada Short Term Bond Index, 5% FTSE TMX Canada Long Term Bond Index Fund* Benchmark Compound returns as at Sept. 30, 2014 3 Mth 1 Year 2 Year** 3 Year** 4 Year** 5 Year** 10 Year** Fund* 1.25% 5.86% 3.61% 3.86% 4.50% 5.88% 5.57% Benchmark 0.90% 5.54% 3.89% 4.46% 4.58% 4.85% 5.86% ** Stated on an annualized basis Calendar year returns YTD 2014 2013 2012 2011 2010 2009 Fund* 5.10% 1.26% 3.41% 8.62% 9.08% 6.26% Benchmark 4.67% 2.01% 4.74% 6.48% 5.43% 9.39% * Any performance shown prior to the fund's inception date is that of the underlying fund and is considered representative of this fund's performance. Composition Commercial mortgages 63.5% Residential mortgages 12.9% Bonds 22.1% Cash equivalents 1.5% Property type Single family residential 1.5% Multi-family residential 15.4% Office 21.7% Retail 40.8% Industrial 17.9% Other 2.7% Top holdings as at Sept. 30, 2014 Not available The Great-West Life Assurance Company and key design are trademarks of The Great-West Life Assurance Company, used under licence by London Life and Canada Life for the promotion and marketing of insurance products. The fund operating expenses displayed do not include applicable taxes. The indicated fund performance reflects changes in unit value and reinvestment of all distributions and are after deduction of all fund operating expenses and applicable taxes, but before the deduction of investment management fees and applicable taxes. The historical performance shown is that of the London Life segregated fund or the underlying third-party fund. Performance data is provided for illustrative purposes only and represents past performance, which is not necessarily indicative of future performance. For more information on the fund and its holdings, call Access Line.