News and Insights

News and Insights - March 2024
Veritas Next Edge Premium Yield Fund – March

The Veritas Next Edge Premium Yield Fund’s positions in Agnico Eagle Mines Ltd. (TSX, NYSE: AEM), Wheaton Precious Metals Corp (TSX, NYSE: WPM) and Lundin Gold Inc. (TSX: LUG) were among the top contributors to Fund performance in March as gold prices crossed US$2,200 per ounce, rising more than 8% on the month. We continue to
be constructive on gold prices, given the tight supply and renewed central bank purchases. Gold is also an important hedge against potential inflation and the relative strength of the U.S. Dollar.

At the same time, it is no secret that mining companies are capital and labour-intensive businesses that carry very high operating and geopolitical risks. To counter these negatives, we have chosen our mining picks for their operating consistency and ability to manage costs. We continue to like AEM’s lower-risk mining footprint in Canada, Australia, Finland and Mexico, while WPM benefits from a royalty streaming model that focuses on top-line exposures. The addition of LUG adjusts our positioning towards exploration and development, giving us greater leverage as gold prices

Bombardier Inc. (TSX: BBD.b) and PrairieSky Royalty (TSX: PSL) were also amongst the top performers.

As a sub-advisor, Veritas Asset Management Inc. utilizes the award-winning, independent, and in-depth research of Veritas Investment Research Corporation to formulate a diversified portfolio of equities with a bias toward yield, and capital preservation. The fund uses a covered option overlay to generate additional yield and further mitigate downside risk and volatility.

Visit Next Edge to learn more about the fund and read the full monthly commentary.

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The information contained herein is for general information purposes and does not constitute a solicitation for the purchase or sale of securities. The full details of the Fund, its investment strategies and the risks are detailed in the Fund’s current simplified prospectus and fund facts document, copies of which may be obtained from Sedar, your dealer, Veritas Asset Management Inc. (“VAM”) or at Please read the prospectus before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. All performance data assume reinvestment of all distributions or dividends and do not take into account other charges or income taxes payable by any unitholder that would have reduced returns. The performance of the Fund is not guaranteed, unit values change frequently and past performance may not be repeated. Performance is presented in Canadian dollars, unless otherwise stated, and is net of fees of Series F units of the Fund. VAM is an affiliate of Veritas Investment Research Corporation (“VIR”) by virtue of being under common control that may also from time to time have certain common directors, officers and/or employees. VIR produces and issues independent equity research regarding public issuers to investors and other capital markets participants. VAM is a client of VIR and receives research reports from VIR at the same time as VIR’s other clients. VIR and VAM have implemented policies and procedures to minimize the potential for and to address conflicts of interest, which are available upon request.

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