Investment Strategy

Seeks to provide long-term appreciation through exposure to Canadian equities that we believe have better quality, value, and momentum across market capitalization ranges. Stocks are selected and weighted based on conviction and are broadly constrained by sector and industry.

ANNUALIZED RETURN

Annualized Rates* of Return for
Periods Ending 12/31/2022

O'Shaughnessy All-Canadian Equity (Gross)
O'Shaughnessy All-Canadian Equity (Net) **
S&P/TSX Index

4Q2022
11.1%
11.0%
6.0%
3.3%
2.8%
-5.8%
1
Year
3
Year
9.4%
8.8%
7.6%
5
Year
6.7%
6.1%
6.9%
7
Year
8.0%
7.4%
9.1%
10
Year
9.4%
8.7%
7.8%
15
Year
7.6%
6.8%
5.4%
Since
Inception
2/1/2007
7.9%
7.1%
5.6%

* CAD. Any time period longer than one year is annualized.
** For composite performance presentation purposes, wrap fee account returns are net at 3% annually, which reflects the highest applicable “wrap” fee charged by any sponsor across our distribution channel. Non-wrap fee account returns are net of the actual advisory fees.

Important Performance Disclosures
ANNUAL RETURN

Annual Rates of Return (%)

O'Shaughnessy All-Canadian Equity (Gross)
O'Shaughnessy All-Canadian Equity (Net) *
S&P/TSX Index
3.3%
2.8%
-5.8%
2022

2021
28.4%
27.7%
25.2%
-1.3%
-2.0%
5.6%
2020

2019
20.5%
19.8%
22.9%
-12.4%
-12.9%
-8.9%
2018

2017
8.2%
7.6%
9.1%

2016
14.6%
13.9%
21.1%
0.8%
0.2%
-8.3%
2015

2014
5.5%
4.6%
10.6%

2013
34.3%
33.2%
13.0%

2012
11.3%
10.4%
7.2%
-3.9%
-4.8%
-8.7%
2011

2010
26.1%
25.0%
17.6%

2009
29.9%
28.8%
35.1%
-30.4%
-31.0%
-33.0%
2008

2/1/07
-12/31/07
12.7%
11.8%
8.6%

* For composite performance presentation purposes, wrap fee account returns are net at 3% annually, which reflects the highest applicable “wrap” fee charged by any sponsor across our distribution channel. Non-wrap fee account returns are net of the actual advisory fees.

Important Performance Disclosures
CHARACTERISTICS

Characteristics as of 12/31/2022
Holdings Based * O'Shaughnessy
All-Canadian Equity
S&P/TSX Index
Price/Earnings Ratio 6.6x 11.6x
Price/Sales Ratio 0.9x 1.6x
Trailing 9-month Price Appreciation 0.5% -6.4%
Weighted Average Market Capitalization $17,010 Mil $59,452 Mil
Median Market Capitalization $3,876 Mil $3,892 Mil
Approximate Annual Turnover 59%
Active Share 71.6%
 

Gross of Fees
* Based on a group of representative accounts. Each client account will differ based on start date and regenerations dates.
Turnover is last 12 months.


Important Performance Disclosures
SECTORS

Sector Distribution as of 12/31/2022 (%)

O'Shaughnessy All-Canadian Equity
S&P/TSX Index
Difference
Communication
Services
1.6%
5.0%
-3.4%
Consumer
Discretionary
9.2%
3.7%
5.5%
Consumer
Staples
8.7%
4.2%
4.5%

Energy
24.3%
18.1%
6.2%

Financials
20.8%
30.8%
-10.0%
Health
Care
0.0%
0.4%
-0.4%

Industrials
8.0%
13.0%
-5.0%
Information
Technology
0.7%
5.6%
-4.9%

Materials
18.2%
12.1%
6.1%
Real
Estate
3.6%
2.6%
1.0%

Utilities
4.9%
4.5%
0.4%

Based on a group of representative accounts.

Past performance is no guarantee of future results.
Due to ongoing research, the manager may from time to time adjust the model by changing certain factors or screens which compromise the model without prior notice. OSAM may determine it appropriate to rebalance at times other than regularly scheduled rebalance without prior notice. Stocks with small and mid-sized market capitilazations (those defined by OSAM as less than $10 billion) may have greater risk and volatility than those with larger market capitilizations.

Style allocations are approximate. They may change over time and vary by account.

The statements on this page are qualified in their entirety by the disclaimers and limitations contained here.