Kingwest Canadian Equity

To December 31, 2022

Investment Objective

The objective of this strategy is to provide investors with superior returns by investing in undervalued companies that are publicly traded on major Canadian markets.

Portfolio Details

Asset Class: Equities

Inception Date: September 2005 (pooled); January 1993 (segregated)

Minimum Investment: $500,000 (pooled); $3 Million (segregated)

RRSP/RRIF Eligible: Yes

Portfolio Statistics

# of Companies: 25
Median Market Cap: $9.4b
Av. Return on Equity: 12.7%
Divided Yield: 3.1%
Ann. Portfolio Turnover (5 yrs): 22.7%
Active Share CDN vs. S&P/TSX: 70.8%
Large Cap (>$10b): 49.3%
Mid Cap ($2-10b): 50.7%
Small Cap (<$2b): 0.0%

Representative Holdings

Toronto-Dominion Bank
Colliers Intl Grp Inc SVS
Cdn Imperial Bank of Commerce
GFL Environmental Inc SVS
TMX Group Ltd.
Empire Co CI A NV
Magna International Inc
Telus Corporation
Sun Life Financial Inc
SmartCentres REIT Var. Vtg.

This information does not constitute an offer of securities. Such an offer will only be made by means of a Confidential Memorandum to be furnished to prospective investors prior to an investment being made. Past performance is not indicative of future results.