Offering documents
Regulatory information
Prospectus & Fund Facts
- Simplified Prospectus (PDF)August 2025
- Fund Facts, Series A (PDF)June 2026
- Fund Facts, Series B (PDF)June 2026
- Fund Facts, Series F (PDF)June 2026
Continuous disclosure
Financial statements
Annual and semi-annual statements, most recent first, with the full 1996–2019 history in two documents below. All are also filed on SEDAR+.
Audited financial statements, 2010–2019 (single PDF)
Audited financial statements, 1996–2009 (single PDF)
Other regulatory reports
- Management Report of Fund Performance, annual (PDF)year ended 31 December 2025
- Management Report of Fund Performance, semi-annual (PDF)six months ended 30 June 2026
- Quarterly Portfolio Holdings Report (PDF)31 March 2026
- Relationship Disclosure Information (PDF)
- Proxy Voting Record (PDF)
- Independent Review Committee Report to Unitholders (PDF)
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.