McElvaine Value Fund

Offering documents

Regulatory information

Prospectus & Fund Facts

Oversight

Independent Review Committee

Under National Instrument 81-107, every Canadian mutual fund must have an independent committee to review conflict of interest matters the manager refers to it. Ours has three members, none of whom is connected to the firm. The committee reports to unitholders at least once a year, and that report is above.

Jonathan Heymann Chair

President and founder of Wychcrest Compliance Services Inc., a regulatory and compliance consulting firm for Canadian securities registrants. Before founding Wychcrest he spent more than eight years at the Ontario Securities Commission, including as a Corporate Registration Officer in the Compliance and Registration Department, where he interpreted legislation, assessed registration applications from dealers and advisers, and reviewed firms’ ongoing compliance obligations.

David Feather

Thirty years in investment management. He is Chairman of Russell Investments Canada Ltd., where he was President and Chief Executive Officer from 2010 to 2017. Before that he was with Mackenzie Financial Corp. from 1991 to 2010, serving as President of Mackenzie Financial Services Inc. from 2002 to 2010. Earlier roles were with Ernst & Young (Woods Gordon) and Bank of Montreal.

He is Chairman of The Peter Cundill Foundation, a Bermuda-based purpose trust that works to improve the wellbeing of young people through education, sport and mental health, and which still invests on the value principles of its benefactor. He sits on the Board of Governors of McMaster University, where he took a BA in Economics in 1985 and an MBA in 1989.

Ruby Lougheed Yawney CPA, CA

More than 35 years as a financial professional, across public accounting, business operations, financial planning, portfolio management and investment banking, and as a controller and business owner. Her credentials include CFP, FCSI and CIM. She has worked with companies in financial services, energy, manufacturing, mining services, transportation, construction and professional services.

The manager

Registration

The fund is managed by McElvaine Investment Management Ltd., registered as a Portfolio Manager, Investment Fund Manager and Exempt Market Dealer with the British Columbia Securities Commission, and in other jurisdictions as applicable.

An Independent Review Committee oversees conflict of interest matters as required under NI 81-107.

If something's wrong

Complaints

If you have a complaint, contact us first. We take them seriously and respond promptly. If you're not satisfied with our response, you may contact the Ombudsman for Banking Services and Investments (OBSI), an independent dispute resolution service available at no cost.

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