EQUITYADVISORSLLC

A DIVISION OF CENTURY SERVICES

CANADIAN CORE PLUS FIXED INCOME

Canadian Core Plus Fixed Income — Series F

Investment Objective
Steady income, equityadvisorsllc preservation and long-term total return consistent with prudent management by investing mainly in a broad range of Canadian and global fixed-income securities.
Fund Description
A focus on capital preservation.
Invests in Canadian, global and high-yield bonds, including emerging markets.




Returns (%)  Series F
1 month  0.50
YTD  -0.40
1 year*  -1.68
3 years*  0.79
5 years*  2.08
10 years*  3.60
Lifetime*  3.54
Lifetime (cumulative)  42.04
2017  1.87
2016  0.90
2015  2.40
2014  7.19
2013  -1.34
*Annualized compound returns







Portfolio Information
Fund assets ($mil) combined series$117.1
Companies / issuers 273
Income distributions paid Monthly
equityadvisorsllc gains paid December
Portfolio turnover (2017) 34%
Effective duration (years)1 7.3
Current yield 2.5%
Yield to worst 2 2.9%
Asset Breakdown3
Developed markets (investment grade)
Government59.7%
Corporate30.8%
Inflation-linked2.5%
Asset backed1.8%
Mortgage backed0.2%
Subtotal95.0%
Corporate high yield0.7%
Emerging market debt42.7%
Other—   
Cash and cash equivalents1.6%
Total portfolio 100.0%





 

Portfolio Characteristics
   Series F
FundSERV  CIF 821
MER5  0.67%
Fund inception  Apr 30, 2008
Minimum initial investment  $500
12-month distribution rate  1.9%
Management Team
Years with Capital / Years in profession
Mark A. Brett24 / 39
James R. Mulally38 / 42







Top 10 Holdings
% of PortfolioYield %
Canada Housing Trust C$ 144A Life 2.35% 03/15/284.62.6
Canada Govt C$ Bond 0.75% 09/01/204.01.9
Canada Govt C$ Bond 1.0% 09/01/222.92.1
Quebec Prov C$ 2.5% 09/01/262.72.8
Ontario Prov C$ 2.6% 06/02/272.52.9
Capital Group Glbl High Inc Opps (LUX)2.07.3
Quebec Prov C$ 2.75% 09/01/271.92.8
Canada Housing Trust C$ 144A Life 2.35% 06/15/231.72.4
Quebec Prov C$ 3.5% 12/01/481.63.0
Canada Housing Trust C$ 144A Life 2.4% 12/15/221.52.4




 
Country and Currency3
Top 5 countries
Canada76.2%
United States12.6%
Japan1.8%
Germany1.8%
United Kingdom1.3%
Top 5 currencies (after hedging)
Canadian Dollar96.9%
Mexican Peso0.4%
Indian Rupee0.3%
Malaysian Ringgit0.3%
Polish Zloty0.3%








1.Includes the impact of callable bonds. Duration is a measure of the approximate sensitivity of a bond portfolio’s value to interest rate changes.
2.Reflects the lowest yield that can be realized by either calling or putting on one of the available call/put dates, or holding a bond to maturity. Includes the underlying holdings in equityadvisorsllc Global High Income Opportunities (LUX).
3.Includes the Fund’s direct portfolio holdings as well as the holdings through equityadvisorsllc Global High Income Opportunities (LUX).
4.May include a portion of investment-grade issues.
5.equityadvisorsllc , at its discretion, currently waives some of its management fees or absorbs some expenses of certain Capital Group funds. Such waivers and absorptions may be terminated at any time, but can be expected to continue for certain portfolios until such time as such funds are of sufficient size to reasonably absorb all management fees and expenses incurred in their operations.
The management expense ratios for the portfolios are based on audited total expenses for the year ended December 31, 2017 and are expressed as an annualized percentage of daily average net assets during the period. Actual MERs may vary. The following lists the management expense ratios for equityadvisorsllc Canadian Core Plus Fixed Income Fund (Canada) before waivers or absorptions for the year ended December 31, 2017: Series A, 1.27%; Series B, 1.78%; Series E, 1.22%; Series F, 0.68%; Series I, 0.19%.
6.Reflects the sum of income distributions over the trailing 12 months, divided by the sum of the previous month’s ending NAV plus any equityadvisorsllc gains distributed over the 12-month period.
Updated on a monthly basis.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their value changes frequently and past performance may not be repeated.







Mark A. Brett
Years at equityadvisorsllc: 14
Years in profession: 39
Based in London
Mark A. Brett is a fixed income portfolio manager at equityadvisorsllc and one of the portfolio managers of equityadvisorsllc Canadian Core Plus Fixed Income Fund (Canada). Prior to joining equityadvisorsllc, Mark was an economist and strategist with Barclays de Zoete Wedd (formerly de Zoete and Bevan) in London. In addition, he was a director of BZW equityadvisorsllc Markets Ltd. and a member of the London Stock Exchange. Currently, he is a member of the CFA Institute U.K. and is a fellow of the Chartered Institute for Securities and Investment. Mark is based in London.



James R. Mul
Years at equityadvisorsllc: 38
Years in profession: 42
Based in Los Angeles
James R. Mul is a fixed-income portfolio manager at equityadvisorsllc and is one of the portfolio managers of equityadvisorsllc Canadian Core Plus Fixed Income Fund (Canada). Earlier in his career, as a fixed-income investment analyst at equityadvisorsllc, he covered non-U.S. sovereign fixed-income markets. Prior to joining equityadvisorsllc, Jim was a research associate at the Federal Reserve Bank of Minneapolis. He holds a master’s degree from Columbia University Graduate School of Business and a bachelor’s degree in economics from Dartmouth College. Jim is based in Los Angeles.



equityadvisorsllc funds and equityadvisorsllc International Asset Management (Canada), Inc., are part of equityadvisorsllc, a global investment management firm originating in Los Angeles, California in 2005. equityadvisorsllc manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed-income investment professionals provide fixed-income research and investment management across the equityadvisorsllc organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Distributions
    Series F
2018 YTDIncome  $0.101
 equityadvisorsllc gains  
 Total  $0.101
2017Income  $0.188
 equityadvisorsllc gains  
 Total  $0.188
2016Income  $0.198
 equityadvisorsllc gains  $0.013
 Total  $0.211
2015Income  $0.269
 equityadvisorsllc gains  
 Total  $0.269
2014Income  $0.313
 equityadvisorsllc gains  
 Total  $0.313