“In the long run, a portfolio of well-chosen stocks will always outperform a portfolio of bonds or a money market account. In the long run, a portfolio of poorly chosen stocks won’t outperform the money under the mattress.” - Peter Lynch

Investment Mandates

Manitou Equity (“Go Anywhere”)

Long-term capital appreciation through investing primarily in globally-oriented companies with head offices in Canada, US and internationally. This “go anywhere” mandate emphasizes companies with geographically diversified revenues, but for the most part are listed on North American exchanges. For relative comparison purposes, this portfolio is benchmarked against a 50/50 blend of the TSX Composite and S&P 500 indices. Available on a segregated basis, or as a pooled fund – the Manitou Equity Fund.

Manitou Canadian Equity

Restricted to investing in Canadian publicly traded companies or with those with their head office in Canada. Given the nature of the Canadian marketplace, this portfolio is likely to have a relatively lower average capitalization profile than other Manitou mandates. For relative comparison purposes, the portfolio is benchmarked against the TSX Composite Index. Available on a segregated basis.

Manitou Dividend Growth Equity

Providing a steady stream of after-tax income and long-term capital appreciation through investments in dividend paying or yield bearing equity securities. Focuses on North American listed companies committed to paying dividends, however given the favourable tax treatment of dividends paid by Canadian corporations, the mandate will maintain a minimum of 35% invested in Canada (securities and cash). For relative comparison purposes, the portfolio is benchmarked against a 50/50 blend of the TSX Dividend Composite and S&P 500 indices. Available on a segregated basis, or as a pooled fund – the Manitou Dividend Growth Fund.

Manitou Fixed Income

Restricted to investing in fixed income securities. The portfolio must maintain positions an aggregate rating of Standard and Poor’s A + or better with 90% of the invested positions rated investment grade (BBB) or better. It focuses on avoiding capital losses and aims to provide steady cash flow with a high degree of liquidity. For relative comparison purposes, this portfolio is benchmarked against a blend of 75% iShares Canadian Short Term Bond Index and 25% iShares Canadian Universal Bond Index ETF.