Not investing with the herd in 2020

By EdgePoint Wealth Management

An interview with Tye Bousada, founder and Portfolio Manager at EdgePoint Wealth Management. Interview was recorded on January 21, 2021. Audio transcription: http://edgepointwealth.com/downloads/transcriptherd2020.pdf This is not an endorsement or recommendation of any security. EdgePoint Investment Group may be buying or selling positions in securities mentioned. It is also not an offer to sell or purchase EdgePoint investment funds. __________ Source: Empirical Research Partners Analysis, “The Big Growers and the Precedents”, Portfolio Strategy, July 1, 2020. Big Growers are a group of approximately 75 large-capitalization stocks classified by Empirical Research Partners, LLC to have faster and stronger growth credentials than the rest of the market. Annual relative returns are equal-weighted and relative to the rest of the U.S. large-capitalization universe. The S&P 500 Index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks. Source: FactSet Research Systems Inc. Cisco Systems, Inc. annual revenues discussed are as at July 31 (Cisco’s fiscal year-end) for the specified year discussed. Price return in US$ figures discussed are measured from March 31, 2000 to March 31, 2020. Source: FactSet Research Systems Inc. TE Connectivity is owned in EdgePoint Global Portfolio. As at December 31, 2020. Price-to-earnings ratio discussed is calculated with unreported fiscal-year end 2021 consensus estimates. Source: Bloomberg LP. 2009 to 2020 calendar-year returns in local currency. The following security returns are in local currency. In 2015 Ryanair Holdings plc experienced a calendar-year return of 58.4%. In 2017 Shiseido Co., Ltd. experienced a calendar year return of 85.2%. In 2019 Air Canada experienced a calendar-year return of 86.9%. MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market. Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Microsoft Corp. was owned in the EdgePoint Global Portfolio’s from June 7, 2012 to December 16, 2015. EdgePoint Global Portfolio’s holding period return in C$ was 96.45% over this time period. Company statistics related to Tesla, Inc. are based on internal analysis. Total return, net of fees. Performance as at December 31, 2020 in C$. All periods greater than one year are annualized. Source Fundata Canada, Morningstar Direct. EdgePoint Global Portfolio – Series A YTD: -1.16%; 1-year: -1.16%; 3-year: 2.63%; 5-year: 7.42%; 10-year: 11.58%; since inception (11/17/2008): 13.36% MSCI World Index** YTD: 13.87%; 1-year: 13.87%; 3-year: 11.16%; 5-year: 10.26%; 10-year: 12.63% MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market. Why our performance may differ from our benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Read our full disclaimer at https://www.edgepointwealth.com/en/Disclaimers

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