The investment objective of the Veritas Canadian Equity Fund is to provide Unitholders with long term capital growth earning enhanced risk adjusted returns relative to the S&P TSX Composite Total Return Index.
To achieve the investment objective, the Fund will invest primarily in the securities of publicly traded Canadian companies, but may also invest in other securities. The Fund will invest in a concentrated portfolio of securities selected by the Portfolio Advisor based (in part) on the recommendations of Veritas Investment Research using fundamental analysis utilizing forensic accounting based principals. In constructing the investment portfolio of the Fund, the Portfolio Advisor will seek to minimize volatility.
Fundserv Details:
VAM 205- A CLASS | VAM 201- F CLASS |
Morningstar - quote.morningstar.ca | Morningstar - quote.morningstar.ca |
Globe Investor - theglobeandmail.com | Globe Investor - theglobeandmail.com |
2023 Performance Sheets | |
---|---|
April 2023 | Veritas Canadian Equity Fund - April 2023 |
March 2023 | Veritas Canadian Equity Fund - March 2023 |
February 2023 | Veritas Canadian Equity Fund - February 2023 |
January 2023 | Veritas Canadian Equity Fund - January 2023 |
Regulatory Documents
Financial Statements
Management Reports of Fund Performance
Veritas Canadian Equity Fund Proxy Voting Information
Veritas Canadian Equity Fund Proxy Voting Records 2022
Veritas Canadian Equity Fund Proxy Voting Records 2021
Veritas Canadian Equity Fund Proxy Voting Records 2022-2023
Meeting Date | Name of Issuer | Ticker | CUSIP | Identification of Voting Matter | Matters Proposed By |
Voted Yes/No |
Vote For/Against |
|
August 28, 2022 | Alimentation Couche-Tard Inc. | ATD.CA | 01626P304 | 1. Appointment of PWC as Auditors | Board | Yes | For | |
2. Election of Directors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Voting on special approving the proposed amendments to articles of incorporation | Board | Yes | For | |||||
5. Shareholder proposal No. 1 | Shareholders | Yes | Against | |||||
6. Shareholder proposal No. 2 | Shareholders | Yes | Against | |||||
7. Shareholder proposal No. 3 | Shareholders | Yes | Against | |||||
8. Shareholder proposal No. 4 | Shareholders | Yes | Against | |||||
January 13, 2023 | Cogeco Communications | CCA.CA | 19239C106 | 1. Election of Director | Board | Yes | For | |
2. Appointment of Deloitte as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
April 28, 2023 | Transalta Corporation | TA.TO | 89346D | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Advisory vote to accept the Company's approach to executive compensation, as described in the Management Proxy Circular. | Board | Yes | For | |||||
4. To increase the number of common shares issuable under the Company's Share Unit Plan, as described in the Management Proxy Circular. | Board | Yes | For | |||||
April 26, 2023 | TFI International Inc. | TFII.TO | 87241L | 1. Election of Director | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
April 4, 2023 | Bank Of Nova Scotia | BNS.TO | 64149107 | 1. Election of Director | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Shareholder Proposal No. 1 | Shareholders | Yes | Against | |||||
5. Shareholder Proposal No. 2 | Shareholders | Yes | Against | |||||
April 28, 2023 | Capital Power Corporation | CPX.TO | 14042M | 1. Election of Directors | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 5, 2023 | Killam Apartment REIT | KMP_u.TO | 49410M102 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 5, 2023 | Killam Apartment REIT | KMP_u.TO | 49410M102 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
June 7, 2023 | Dollarama | DOL.TO | 25675T107 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Shareholder Proposal 1. | Shareholders | Yes | Against | |||||
5. Shareholder Proposal 2. | Shareholders | Yes | Against | |||||
6. Shareholder Proposal 3. | Shareholders | Yes | Against | |||||
June 2, 2023 | Hydro One | H.TO | 448811208 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For |
The investment objective of the Veritas Absolute Return Fund (the “Fund”) is to provide unit holders with consistent long-term capital appreciation and an attractive risk-adjusted rate of return.
The Fund will invest primarily in the securities of publicly traded Canadian companies that it identifies as mispriced. Long and short positions will be determined primarily based on recommendations provided by Veritas Investment Research Inc. (VIR) an affiliate of Veritas Asset Management (VAM). VAM may also invest in securities that are not formally covered by VIR. The Fund will manage its long and short positions to reduce the impact of market volatility on the portfolio.
Fundserv Details:
VAM 305 – A SERIES | VAM 301 – F SERIES |
Morningstar - quote.morningstar.ca | Morningstar - quote.morningstar.ca |
Globe Investor - theglobeandmail.com | Globe Investor - theglobeandmail.com |
2023 Performance Sheets | |
---|---|
April 2023 | Veritas Absolute Return Fund - April 2023 |
March 2023 | Veritas Absolute Return Fund - March 2023 |
February 2023 | Veritas Absolute Return Fund - February 2023 |
January 2023 | Veritas Absolute Return Fund - January 2023 |
Regulatory Documents
Financial Statements
Management Reports of Fund Performance
Veritas Absolute Return Fund Proxy Voting Information
Veritas Proxy Voting Policy
Veritas Absolute Return Fund Proxy Voting Records 2022
Veritas Absolute Return Fund Proxy Voting Records 2021
Veritas Absolute Return Fund Proxy Voting Records 2022-2023
Meeting Date | Name of Issuer | Ticker | CUSIP | Identification of Voting Matter | Matters Proposed By |
Voted Yes/No |
Vote For/Against |
|
July 14, 2022 | MTY Food Group Inc. | MTY.CA | 55378N107 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of PWC as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
August 28, 2022 | Alimentation Couche-Tard Inc. | ATD.CA | 01626P304 | 1. Appointment of PWC as Auditors | Board | Yes | For | |
2. Election of Directors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Voting on special approving the proposed amendments to articles of incorporation | Board | Yes | For | |||||
5. Shareholder proposal No. 1 | Shareholders | Yes | Against | |||||
6. Shareholder proposal No. 2 | Shareholders | Yes | Against | |||||
7. Shareholder proposal No. 3 | Shareholders | Yes | Against | |||||
8. Shareholder proposal No. 4 | Shareholders | Yes | Against | |||||
February 1, 2023 | CGI Group | GIB.A.CA | 12532H104 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of PWC as Auditors | Board | Yes | For | |||||
3. Shareholder proposal No. 1 | Shareholders | Yes | Against | |||||
4. Shareholder proposal No. 2 | Shareholders | Yes | Against | |||||
5. Shareholder proposal No. 3 | Shareholders | Yes | Against | |||||
6. Shareholder proposal No. 4 | Shareholders | Yes | Against | |||||
January 13, 2023 | Cogeco Communications | CCA.CA | 19239C106 | 1. Election of Director | Board | Yes | For | |
2. Appointment of Deloitte as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
January 19, 2023 | Metro Inc. | MRU.CA | 59162N109 | 1. Election of Director | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Resolution approving the replenishment of the reserve for the Corporation's Stock Option Plan and the amendments to such Stock Option Plan | Board | Yes | For | |||||
5. Shareholder Proposal No. 1 | Shareholders | Yes | Against | |||||
6. Shareholder Proposal No. 2 | Shareholders | Yes | Against | |||||
April 6, 2023 | Canadian Western Bank | CWB.TO | 13677f101 | 1. Election of Director | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
April 4, 2023 | Bank Of Nova Scotia | BNS.TO | 64149107 | 1. Election of Director | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Shareholder Proposal No. 1 | Shareholders | Yes | Against | |||||
5. Shareholder Proposal No. 2 | Shareholders | Yes | Against | |||||
April 26, 2023 | TFI International Inc. | TFII.TO | 87241L | 1. Election of Director | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
April 26, 2023 | Cenovus Energy Inc. | CVE.TO | 15135U | 1. Appointment of PWC as Auditors | Board | Yes | For | |
2. Election of Director | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Approve the shareholder proposal on lobbying reporting | Board | Yes | For | |||||
April 30, 2023 | Enbridge Inc. | ENB.TO | 29250N | 1. Election of Directors | Board | Yes | For | |
2. Appointment of PWC as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Shareholder Rights Plan | Board | Yes | For | |||||
5. Shareholder Proposals 1. | Shareholders | Yes | Against | |||||
6. Shareholder Proposals No. 2 | Shareholders | Yes | Against | |||||
April 28, 2023 | Transalta Corporation | TA.TO | 89346D | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Advisory vote to accept the Company's approach to executive compensation, as described in the Management Proxy Circular. | Board | Yes | For | |||||
4. To increase the number of common shares issuable under the Company's Share Unit Plan, as described in the Management Proxy Circular. | Board | Yes | For | |||||
April 24, 2023 | Bombardier | BBDb.TO | 97751 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. The Shareholder proposal 1 set out in Appendix "B" to the Management Proxy Circular. | Shareholders | Yes | Against | |||||
May 4, 2023 | BCE Inc. | BCE.TO | 05534B | 1. Election of Directors | Board | Yes | For | |
2. Appointment of Deloitte as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
April 28, 2023 | Capital Power Corporation | CPX.TO | 14042M | 1. Election of Directors | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 4, 2023 | Canadian Natural Resources | CNQ.TO | 136385 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of PWC as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
April 28, 2023 | Agnico Eagle Mines Limited | AEM.TO | 008474 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 4, 2023 | Telus Corporation | T.TO | 87971M | 1. Election of Directors | Board | Yes | For | |
2. Appointment of Deloitte as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Approval of an increase to the share reserve under the Restricted Share Unit Plan. | Board | Yes | For | |||||
5. Approval of an increase to the share reserve under the Performance Share Unit Plan. | Board | Yes | For | |||||
May 9, 2023 | George Weston Limited | WN.TO | 961148 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of PWC as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 10, 2023 | Element Fleet Management | EFN.TO | 286181 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 11, 2023 | Maple Leaf Foods Inc. | MFI.TO | 564905 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of KMPG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 5, 2023 | Arc Resources Ltd. | ARX.TO | 00208D408 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of PWC as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 4, 2023 | Loblaw Companies Limited | L.TO | 539481101 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of PWC as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 8, 2023 | Boardwalk REIT | BEI_u.TO | 096631 | 1. To fix the number of trustees of Boardwalk ("Trustees") to be elected at the Meeting at seven. | Board | Yes | For | |
2. Election of Trustees | Board | Yes | For | |||||
3. Appointment of Deloitte as Auditors | Board | Yes | For | |||||
4. To consider and, if thought appropriate, to approve a non-binding advisory resolution to accept the Trust's approach to executive compensation disclosed in the "Compensation Discussion & Analysis" section of the Circular. | Board | Yes | For | |||||
5. To approve the issuance of all unallocated deferred units under the deferred unit plan of the Trust. | Board | Yes | For | |||||
May 12, 2023 | Telus International (CDA) Inc. | TIXT.TO | 87975H | 1. Election of Directors | Board | Yes | For | |
2. Appointment of Deloitte as Auditors | Board | Yes | For | |||||
May 9, 2023 | Suncor Energy Inc. | SU.TO | 867224 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. To consider a shareholder proposal regarding the production of a report outlining how Suncor's capital expenditure plans align with its 2030 emissions reductions target. | Shareholders | Yes | Against | |||||
May 10, 2023 | Nutrien LTD. | NTR.TO | 67077M | 1. Election of Directors | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 12, 2023 | Air Canada | AC.TO | 08911 | 1. Election of Directors | Board | No | no longer owner of shares | |
2. Appointment of PWC as Auditors | Board | No | no longer owner of shares | |||||
3. Executive Compensation | Board | No | no longer owner of shares | |||||
May 4, 2023 | Fortis Inc. | FTS.TO | 349553107 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 5, 2023 | Killam Apartment REIT | KMP_u.TO | 49410M102 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
May 23, 2023 | RESTAURANT BRANDS INTERNATIONAL INC. | QSR.CA | 76131D | 1. Election of Directors | Board | Yes | For | |
2. Executive Compensation | Board | Yes | For | |||||
3. Appointment of KPMG as Auditors | Board | Yes | For | |||||
4. 2023 Omnibus Incentive Plan: Approval of 2023 Omnibus Incentive Plan | Board | Yes | For | |||||
5. Shareholder Proposal: Consider a shareholder proposal regarding annual glidepath ESG disclosure. | Shareholder | Yes | Against | |||||
6. Shareholder Proposal: Consider a shareholder proposal regarding the Company's report on lobbying activities and expenditures | Shareholder | Yes | Against | |||||
7. Shareholder Proposal: Consider a shareholder proposal to report on the Company's business strategy in the face of labour market pressure. | Shareholder | Yes | Against | |||||
8. Shareholder Proposal: Consider a shareholder proposal to report on reduction of plastics use. | Shareholder | Yes | Against | |||||
June 7, 2023 | Dollarama | DOL.TO | 25675T107 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of EY as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For | |||||
4. Shareholder Proposal 1. | Shareholder | Yes | Against | |||||
5. Shareholder Proposal 2. | Shareholder | Yes | Against | |||||
6. Shareholder Proposal 3. | Shareholder | Yes | Against | |||||
June 2, 2023 | Hydro One | H.TO | 448811208 | 1. Election of Directors | Board | Yes | For | |
2. Appointment of KPMG as Auditors | Board | Yes | For | |||||
3. Executive Compensation | Board | Yes | For |