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Lionridge Value Portfolios
Financial Peace of Mind
Welcome A registered Por,olio Management firm in Alberta, Bri6sh Columbia, Manitoba and Ontario, Lionridge was founded in 2003 for the purpose of prac6cing fundamental value inves6ng in an independent manner, free of the investment parameters and constraints typically placed on professional investors managing money at large ins6tu6ons.
The Lionridge Mission: To protect and grow investor capital in a ra6onal, consistent manner.
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Real increases in wealth can only be earned consistently when investors view the inves6ng process as one of buying pieces of companies.
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”Hardev Bains LLB, MBA, CFA President & Portfolio Manager
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Hardev Bains LLB, MBA, CFA
• Finance professional since 1994.
• Background in merchant banking, corporate finance and corporate law.
• Prior to founding Lionridge, was Vice-‐President, U.S. Equi6es with major mutual
fund company.
• Significant training and experience in fundamental investment analysis – MBA, CFA.
• Dedicated prac66oner of value inves6ng.
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• No short-‐term pressures
• Fiduciary duty – highest standard of care
• Ability to act independently
• Alignment of interests
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Advantages of
Independent
Portfolio
Management
Ac6ng in your best interests: Lionridge is not paid commissions for transac6ons, does not underwrite securi6es offerings and has a fiduciary duty to act in your best interests at all 6mes.
Rational, Disciplined Investing
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Lionridge seeks to protect and grow investor capital in a ra6onal, consistent manner using a fundamental value approach:
• Inves6ng in companies, not markets.
• Buying the right companies at the right prices (requiring a margin of safety).
• Maintaining a long-‐term focus.
• Inves6ng, not specula6ng.
Fundamental Value Investing
It’s a ma]er of perspec6ve. Real increases in wealth can only be earned consistently when investors view the inves6ng process as one of buying pieces of companies at a discount to their intrinsic worth, and holding these investments at least un6l their value is recognized in the markets. Lionridge refers to this process as fundamental value inves6ng -‐ this is the difference between inves6ng and specula6ng. Other investment approaches involve trying to pick stocks that will go up in price in the short to mid-‐term for a variety of reasons which may not be related to the fundamental value of the underlying companies. 7!
The Lionridge Total Equity Portfolio
Provides significant exposure beyond Canada: 45% Canada, 35% U.S., 20% Global.
Focused por8olio: Limits the number of investments so that all holdings can be monitored individually and thoroughly.
Highly disciplined risk management: -‐Exper6se and experience -‐Alignment of interests
-‐Ability to act independently 8!
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Investment Performance
Source: Lionridge Capital Management Inc., Bloomberg, Bank of Canada. *Benchmark: 45% TSX Total Return; 35% S&P 500 Total Return (CDN $); 20% MSCI EAFE (CDN $). **Incep6on date March 31, 2011.
Effective Risk Management
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Source: Lionridge Capital Management Inc., Bloomberg, Bank of Canada. * Benchmark: 45% TSX Total Return; 35% S&P500 Total Return (CDN $); 20% MSCI EAFE (CDN $). **Average annual returns. ***Incep6on date March 31, 2011.
Investment Performance
1 Year 3 Year Average** 4 Year Average, Since Inception **,***
Total Return Since Inception***
Lionridge Total Equity Portfolio Composite 19.2% 17.9% 14.9% 74.0%
Benchmark Return* 15.8% 16.8% 12.0% 57.5%
TSX Total Return 6.9% 9.6% 4.4% 18.7%
Returns as at March 31, 2015
Effective Risk Management
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*Benchmark: 45% TSX Total Return; 35% S&P 500 Total Return (CDN $); 20% MSCI EAFE Total Return (CDN $). **Please see important disclaimer at the end of this presenta6on.
Maximum Drawdown # of Months to Recover
Lionridge Total Equity Portfolio** (5.1%) 3
Benchmark * (12.9%) 20
TSX (16.6%) 31
Maximum drawdown measures the steepest percentage fall from a peak to a trough during the history of a por,olio, and therefore provides a useful comparison of the rela6ve downside risk of a por,olio as compared to a benchmark. An associated measure is the number of months it took the por,olio to recover back to the previous peak level aher experiencing a trough.
Rule #1 – Don’t lose money. Rule #2 – Don’t forget Rule #1.
— Benjamin Graham (the father of value inves9ng)
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Lionridge Fee Schedule
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First $500,000 1.75% Next $500,000 1.25% Next $1 Million 1.10% Next $3 Million 1.00% Over $5 Million Nego6ated
Minimum Account Size: $250,000 -‐Fees are based on assets under management -‐Lionridge does not charge commissions. -‐Account custodian also charges an annual administra6on fee of $125 for registered plans, as well as various miscellaneous fees for certain transac6ons and services.
Contact Us Located in the Richardson Centre 703 – 161 Portage Ave E, Winnipeg, MB R3B 0Y4 P | (204) 957-‐1802 [email protected] lionridgecapital.com !
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The content of this report is intended for informa6on purposes only and does not cons6tute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject ma]er. Every effort has been made to ensure the accuracy of the contents of this report. Performance reports may be compiled u6lizing informa6on provided by third party sources. Every effort has been made to ensure the accuracy of such third party informa6on but such informa6on cannot be guaranteed to be accurate. The performance returns are before the deduc6on of any fees
and are not guaranteed; values change frequently and past performance may not be repeated.
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