The Fund seeks to maximize long-term capital appreciation consistent with reasonable investment risk.
Fund Updates
Month-end Performance download here: Fund Performance as of 11/30/2022
Fund Performance 1 As of 09/30/2022
| Qtr | YTD | 1-Year | 3-Year | 5-Year | Since Inception 2 | |
|---|---|---|---|---|---|---|
| YCG Enhanced Fund (YCGEX) | -5.50% | -29.19% | -23.67% | 4.82% | 8.87% | 10.86% |
| S&P 500® Index 3 | -4.88% | -23.87% | -15.47% | 8.16% | 9.24% | 12.25% |
| S&P Global BMI Index 3 | -6.58% | -25.61% | -21.27% | 3.86% | 4.46% | 7.63% |
RISK STATISTICS
Statistics versus S&P 500® Index and cover a 3-Year Time Period from 09/30/2019 to 06/30/2022| Up & Down Capture | Std. Deviation | Beta | Alpha |
|---|---|---|---|
| 104.05 | 21.96 | 1.04 | -3.24 |
| 110.10 | 20.30 |
FUND CHARACTERISTICS AS OF 09/30/2022
| Net Assets | $383.6 million |
| Number of Holdings | 36/13 |
| Turnover Ratio | 6.9% |
1 Any period greater than one year is annualized
2 Date of inception for the YCG Enhanced Fund is December 28, 2012
3 The S&P 500® and S&P Global BMI are unmanaged but commonly used measures of common stock total return performance. One may not directly invest in an index.
Fund Characteristics and Risk Statistics are calculated internally by YCG, LLC
Performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month end may be obtained by calling 1-855-444-9243. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. As of the Prospectus dated March 31, 2022, the gross expense ratio is 1.19%. Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Credit ratings are grades given to bonds that indicate their credit quality as determined by a private independent rating service such as Standard & Poor’s. The firm evaluates a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. Ratings are expressed as letters ranging from ‘AAA’, which is the highest grade, to ‘D’, which is the lowest grade. In limited situations when the rating agency has not issued a formal rating, the rating agency will classify the security as nonrated.
CALENDAR YEAR RETURNS %
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| YCG Enhanced Fund (YCGEX) | 10.10 | 3.88 | 5.84 | 22.79 | -3.21 | 41.20 | 17.27 | 27.14 |
| S&P 500®Index | 13.69 | 1.38 | 11.96 | 21.83 | -4.38 | 31.49 | 18.40 | 28.71 |
| S&P Global BMI Index | 4.36 | -1.58 | 8.84 | 24.69 | -9.67 | 26.76 | 16.78 | 18.18 |
Top Ten Holdings AS OF 09/30/2022
| Microsoft Corp. | 5.9% |
| Amazon.com Inc. | 5.4% |
| Mastercard Inc.. | 5.1% |
| Alphabet Inc.. | 4.9% |
| Moody's Corp. | 4.7% |
| AON PLC | 4.7% |
| MSCI Inc. | 4.6% |
| CoStar Group Inc. | 4.4% |
| Marsh & McLennan Cos Inc. | 3.9% |
| Verisk Analytics Inc. | 3.8% |
Sector Weightings AS OF 09/30/2022
| Financials | 27.9% |
| Information Technology | 18.6% |
| Consumer Discretionary | 15.9% |
| Consumer Staples | 12.1% |
| Industrials | 11.6% |
| Communication Services | 7.7% |
| Real Estate | 2.9% |
All index and financial terms, definitions, and acronyms can be found on our Glossary page.
Per the Prospectus dated March 31, 2022, the Fund’s annual operating expense (gross) is 1.19%. The Fund’s Adviser has contractually agreed to waive a portion of its fees and/or reimburse expenses such that the total operating expense (net) is 1.39% (for the lifetime of the Fund). In addition to the lifetime limit, the Adviser has agreed to reimburse the Fund to the extent necessary to ensure that total annual Fund operating expenses do not exceed 1.19% at least through April 1, 2023. The adviser is entitled to the reimbursement of fees waived or reimbursed by the Adviser to the Fund subject to the limitations that (1) the reimbursement is made only for fees and expenses incurred not more than three years prior to the date of reimbursement, and (2) the reimbursement may not be made if it would cause the Fund’s annual expense limitation to be exceeded.
