The Palos Rendez-Vous fund is eligible for registered accounts, such as RRSPs, RESPs or TFSAs.
Fund Inception: January 2008
Primary Objectives
- On an absolute basis: exceed the rate of inflation and thereby preserve and enhance purchasing power
- On a relative basis: seek above-average returns in the form of capital growth and dividends with less volatility than the benchmark (a 50/50 blend of the S&P 500 and TSX market indices)
Investment Strategy
- Invest at least 65% of the fund’s net asset value in large capitalisation North American companies that are considered undervalued and are not reflecting their true potential
- Multinational companies whose head offices are located outside of North America may also qualify for investment, to a maximum 35% of the fund’s net asset value
- Fundamental analysis focuses on profitability, financial strength, growth prospects and valuation, as well as industry and general economic conditions
- Moderately diversified portfolio, generally invested in 25-35 holdings across industry lines
- No single investment comprises more than 10% of the portfolio’s market value
- Capitalise on market volatility on an opportunistic basis, seeking out oversold, out-of-favour companies
- Cash reserves may be used to complement the strategy, based on market conditions
Fund Performance
See an overview of our Historical Performance
For daily performance and portfolio analysis, visit globefund.com
