Burgundy Balanced Pension Fund On a risk scale of 1 to 5, 5 being the Highest, this fund is a 3. Fund Description For the fixed‐income portion of the Fund, Burgundy invests
primarily in high‐quality investment grade bonds (rated
triple B or better) purchased for income, quality and
liquidity. The focus of Burgundy's investment approach is
on a combination of fundamental corporate credit analysis
and spread analysis to identify corporate bonds that
provide the best risk/reward opportunities. For the equity
portion of the Fund, Burgundy looks for undervalued
companies with security prices that are well below their
estimation of their intrinsic value. Generally, an investment
will be made if a company's securities can be purchased at
a price that is approximately 30% or more below
Burgundy's estimation of their intrinsic value. This
difference provides a margin of safety designed to protect
capital as well as build wealth. Typically, a company's
securities are sold when their price meets or exceeds
Burgundy's estimate of their value or when the company no
longer meets Burgundy's fundamental valuation criteria.
The Fund will invest in equities of Canadian, U.S. and
foreign companies both directly and by investing in other
Funds.
Current Benchmark Mix^
Fund Objective Performance(%)* The Fund's investment objective is to obtain sustainable
long‐term capital growth while minimizing capital risk, by
investing primarily in both equity and fixed income
securities of Canadian, U.S. and foreign entities.
Investor Profile Consider this Fund if you want a diversified portfolio which
produces income and with potential for capital gains and
you are comfortable with low to medium investment risk
(i.e. you are willing to accept some fluctuations in the
market value of your investment).
Burgundy Asset Management Ltd.
Portfolio Manager/SubAdvisor Burgundy Asset Management Ltd.
For additional information, please visit the Fund manager’s website at www.burgundyasset.com See disclaimer page.
as of March 31, 2013
10 yrs or since
Quarter
1 yr
3 yrs
7.6
13.2
11.3
5yrs
†
inception ‡
8.0
9.2
^Current Benchmark Mix is updated on an annual calendar basis.
*All returns are in Canadian dollars and published gross of fees.
†Annualized Returns for the fund.
Fund Inception: October, 2002.
Fund Manager Burgundy Balanced Pension Fund Burgundy Mutual Funds are offered by Burgundy Asset Management Ltd., a financial services firm and separate legal entity from Bank of Montreal. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Except as otherwise noted, the indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions 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 or covered by the Canada Deposit Insurance Corporation, the Régie de l’assurance­dépôts du Québec or by any other government deposit insurer. The value of mutual funds change frequently and past performance may not be repeated. The returns of different series of a fund may differ for a number of reasons, including if the series was not issued and outstanding for the entire reporting period and because of the different levels of administration and management fees payable for each series. This fund profile is provided for informational purposes only. Particular investments and/or trading strategies should be evaluated relative to each individual's investment objectives. The information contained in this fund profile is not, and should not be construed as, investment or tax advice. You should not act or rely on the information contained in this fund profile without seeking the advice of an appropriate professional advisor. ® “BMO (M­bar roundel symbol)” is a registered trade­mark of Bank of Montreal, used under licence. Group Retirement Services are provided by BMO Group Retirement Services Inc. which is a group retirement firm and separate legal entity from Bank of Montreal.