Investments > Income Fund

Income Fund

 

 

 

 

Venator Income Fund Performance CLASS “F” UNITS (net of fees)
  Jan Feb March April May June July Aug Sept Oct Nov Dec YTD
2008 NA NA NA NA NA NA NA 1.8% -8.4% 0.7% -5.6% 2.9% -8.8%*
2009 6.5% -2.3% 0.1% 3.8% 3.8% 3.8% 4.3% 5.0% 2.3% 1.6% 2.2% 5.4% 42.6%
2010 0.1% 2.2% 3.6% 1.8% -2.6% -0.5% 4.7% -0.2% 3.6% 1.6% 1.3% 2.1% 19.1%
2011 3.2% 1.6% 2.4% 1.5% -1.4% -0.3%  1.7%  -5.0%  -2.7%  1.8%  0.3% 1.4%  4.2%
2012 2.8%  3.4% 1.5%   1.4%                 9.4%

* The fund was launched in August, 2008, YTD represents five months of performance. YTD results are net of distributions reinvested.

Launched on August 1, 2008, and different in strategy from Venator’s other Funds, this long/short Fund is structured to focus on income-generating vehicles that we believe to be less volatile than the general market. The key goal: provide long-term capital growth through income-generating (dividend and/or interest paying) securities selection. To achieve this objective, the Fund will invest primarily in North American-listed securities that are expected to generate income. This will include stocks and bonds with attractive yields that we believe can provide stable cash flows while at the same time offering modest capital appreciation.

The Fund will concentrate its long positions in the following areas:

  1. equity securities with consistent financial results, sustainable free cash flow and yields exceeding 4%,
  2. debt securities with consistent financial results, and sustainable free cash flow, where capital repayment appears likely and whose current yield exceeds 4% and yields to maturity exceed 8%,
  3. convertible securities with current yields exceeding 4% and where conversion to equity appears likely, or where yields to maturity exceed 8% if conversion to equity appears unlikely, and
  4. preferred shares with yields exceeding 4%.

At Venator, we are proud of our proprietary screening tools and will apply them to this fund to hunt for what we believe to be the best opportunities. As always, we will follow-up with fundamental due diligence to separate the great opportunities from those that just “look good on paper”.

Fund at a Glance:
Fund Structure: Trust
Minimum Subscription: $25,000
Hold Period: 6 months
Management Fee: 1% (2% for Class “A” units)
Performance Fee: 10% (5% Threshold)
Available on FundSERV; Fundata’s A FundGrade Recipient
RSP Eligible

Investments > Income Fund
This website is intended for informational purposes and should not be construed as a solicitation for investment in any of Venator's Funds. Currently, Venator's Funds are open to Accredited investors only (as interpreted by Provincial Authorities, generally meaning those with either a personal income of $200,000, household income of $300,000, financial assets of $1,000,000 or total assets of $5,000,000). It is important to note that past performance should not be taken as an indicator of future performance. All stated Venator returns are net of fees. Venator's Funds should be purchased only by investors with a medium-to-high risk tolerance who are seeking long-term capital gains. Read the Offering Memorandum before making any investment decisions. Prospective investors should inform themselves as to the legal requirements for the purchase of shares.