How to invest
Investing in the fund is simpler than you'd think.
The fund is bought like any Canadian mutual fund. Two routes; identical fund, fees and units either way.
Pick your route
Two ways in
I have a financial advisor
Your advisor buys the fund for you through their dealer. We're available on most Canadian dealer platforms.
Steps for investing through an advisorI invest on my own
Buy directly in your discount brokerage account, the same way you'd buy any other mutual fund.
Steps for investing on your ownRoute one
Through your financial advisor
Read the fund documents
The Fund Facts and Simplified Prospectus cover objectives, fees and risks in a few plain pages.
Ask your advisor about the fund
Give your advisor the fund code MIT808. It trades through FundSERV, the system every Canadian dealer uses.
If your advisor hasn't heard of us: that's normal. This series doesn't pay trailing commissions, so nobody is paid to promote it. Point them to our advisor page, or have them contact us directly.
Decide the account and amount
Registered (RRSP, RRIF, TFSA, FHSA, RESP, IPP and similar) or non-registered. Minimum $1,000.
Your advisor places the order
The fund is valued monthly, on the last business day of each month. Your advisor places the order through FundSERV by 4 pm ET on the valuation day, and it's filled at that month-end net asset value, with no bid/ask spread and no sales charge. Settlement is two business days after valuation.
Route two
On your own, through a discount brokerage
Read the fund documents
The Fund Facts and Simplified Prospectus cover objectives, fees and risks in a few plain pages.
Log in to your brokerage account
Any major Canadian discount brokerage works. No account? Opening one takes about 20 minutes online.
Search for the fund code
Under Mutual Funds, search the code MIT808, not the fund name, which often fails. That's Series F, the right series if you're investing without a commissioned advisor.
Can't find the code? A few brokerages only add smaller funds on request. Call the brokerage's mutual fund desk and ask them to add fund code MIT808. They can usually do it within a day or two. If you hit a wall, contact us and we'll sort it out with them.
Place your order
Enter the dollar amount ($1,000 minimum) and submit. The fund is valued monthly, on the last business day of each month, and orders are filled at the next month-end net asset value.
That's it
Your units appear in your account shortly after the month-end valuation. You can add to your position with any subsequent purchase of $1,000 or more.
Route two, continued: investing on your own
Direct Brokerages that carry the fund
If you're buying it yourself, search fund code MIT808 under Mutual Funds at any of these:
- TD Direct Investing
- National Bank Direct Brokerage
- Qtrade Direct Investing
- RBC Direct Investing
- Questrade
- Scotia iTRADE
Don't see your brokerage, or your advisor's firm? Not every dealer carries us. Some platforms don't offer mutual funds at all; others simply haven't added the fund. Either way, see below.
If you can't reach us
Can't buy it where you invest?
You're not alone. Some brokerages don't carry mutual funds at all, some dealers haven't added us, and people in Quebec or outside Canada can't buy the fund either.
An ETF series would fix all of it. An ETF trades like a stock, so it works anywhere you already invest. We're looking at whether to do one. Nothing is decided, and nothing is being offered here, but knowing how many people are waiting is part of how we'll decide.
In the meantime: ask your dealer to add fund code MIT808 (they often will) or tell us who they are and we'll approach them ourselves.
Noted, thank you.
We have added you to the list. If an ETF series goes ahead you will hear from us. If it does not, you will not hear from us about it again.
Good to know
Common questions before buying
Units are valued monthly at net asset value, on the last business day of each month. You always buy and sell at NAV: no premiums, no discounts, no spread.
Yes. Units are redeemable at each month-end valuation, with no deferred sales charges. Requests after the monthly cut-off carry to the next month, and proceeds settle two business days after valuation.
Series F units have a management fee of 0.60%, a performance fee only on returns above a 7.5% hurdle, and about 0.45% in third-party operating costs at the fund’s current size. Full details and calculator.
It suits patient money: concentrated, contrarian, sometimes holding cash for long stretches. Think in years, not quarters. Unsure? Talk to us.
Stuck, or not sure it's right for you?
Email us at info@avaluefund.com or call 250-708-8345. There's no sales team here; the people who manage the fund answer the questions.
Not ready to invest today? Get 3 Somethings, our monthly note