Encasa Funds

Encasa Funds allow organizations to invest capital, operating reserves and other investable funds. We offer low-cost, responsible investment options to meet investors’ short and long-term investment needs. Our mutual funds are designed to match investors’ future financial requirements and risk tolerance to an appropriate mix of investments.

For over 16 years, responsible investment has been at the forefront of how we invest, operate and conduct business. Our Funds are invested in companies that conduct themselves in a socially responsible manner, and whose business practices favour the environment, promote workers’ rights and demonstrate strong governance. We believe that good companies make good investments and work with partners who share our philosophy.

Most Encasa investors choose to invest in more than one of our funds. Their investment needs are met by using the appropriate allocation between our three funds. This allocation balances their liquidity needs, long-term return expectations and market exposure appetite.

Overview of Encasa Funds

Encasa Canadian Short-Term Bond Fund

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The Encasa Canadian Short-Term Bond Fund is managed by Encasa Financial and governed by the Encasa Responsible Investment Policy.

The investment objective of the Fund is to obtain a relatively high level of current interest income consistent with preserving capital and maintaining liquidity. It is suitable for shorter-term capital where there is a more immediate need for liquidity.

The Fund invests primarily in high-quality debt obligations issued or guaranteed by the Government of Canada, provincial or territorial governments or their agencies, Canadian chartered banks, Canadian loan or trust companies, and Canadian corporations that meet the responsible investment criteria set for the Fund. It may also invest in debt instruments issued or guaranteed by international or supranational agencies, such as
the World Bank.

The Fund is sub advised by Addenda Capital Management. Addenda is a leading fixed income investment manager in Canada with a long standing commitment to the principles of responsible and sustainable investing.

Details	As at September 30, 2021 – Net Fees; All Figures in CAD
Sub Advisor¹:	Addenda Capital Management
Benchmark:	100% FTSE Canada Short Term Overall Bond Index
Inception Date:	December 17, 2002
Fund Domicile:	Canada
Total Net Assets:	$263 million
Risk Rating² :	Low
Management Expense Ratio³:	0.80%
Distributions:	Quarterly

Performance

Rates of Return as at September 30, 2021⁴	3 months %	YTD %	1 year %	3 years %	5 years %	10 years %
	0.0	-1.2	-0.8	2.6	1.4	1.6

Management Expense Ratio³

¹Between 2002 to 2008, Phillips, Hager & North (PH&N) was the sub-advisor of the Fund. Between 2008 to 2018, RBC Global Asset Management (RBC GAM) was the sub-advisor to the Fund.

²The risk rating for the fund is determined using a methodology in accordance with a standardized risk classification methodology that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the returns of the Fund. However, just as a fund’s historical performance may not be indicative of its future returns, a fund’s historical volatility may not be indicative of its future volatility. In addition, investors should be aware that other types of risk, both measurable and nonmeasurable, also exist. Please read the Prospectus for more information.

³Management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or Fund Facts document before investing. The Management Expense Ratio is described in the prospectus and is updated on a semi-annual basis.

⁴Rates of return assume reinvestment of all distributions, after deduction of fees. All returns one year and less are not annualized.

*The MER data for comparable funds is from Morningstar, which is updated on an annual basis and may have additional fees or charges.

Fund returns contained on this page are based in part on information provided by third parties. Encasa Financial has taken reasonable steps to ensure their accuracy however fund returns have not been validated in whole and may be subject to change.

Encasa Financial is the program administrator, fund manager and portfolio manager of the Encasa Funds. Worldsource Financial Management Inc. is the distributor of the units of the Encasa Funds. Please visit www.worldsourcefinancial.com for further details.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or Fund Facts document before investing. The performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charge or income taxes payable by any unitholder that would have reduced turns. Mutual funds are not guaranteed. Their values change frequently and past performance may not be repeated.

This information is provided for informational purposes only and is not intended to provide specific financial, investment, tax, legal, or accounting advice. You should not act or rely on the information without seeking the advice of a professional.

Encasa Canadian Bond Fund

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The Encasa Canadian Bond Fund is managed by Encasa Financial and governed by the Encasa Responsible Investment Policy.

The investment objective of the Fund is to generate a total investment return that is comprised of both income and realized/unrealized capital gains. It is suitable for medium term capital where there is no immediate need for liquidity.

The investments of the Fund are primarily bonds of Canadian governments and corporations with longer maturities, with a credit rating not lower than BBB and that meet the responsible investment criteria set for the Fund. The Fund may also invest in bonds or other debt instruments which are issued or guaranteed by international or supranational agencies, such as the World Bank, and other foreign issuers.

Details	As at September 30, 2021 – Net Fees; All Figures in CAD
Sub Advisor¹:	Addenda Capital Management
Benchmark:	100% FTSE Canada Universe Bond Index
Inception Date:	December 17, 2002
Fund Domicile:	Canada
Total Net Assets:	$156 million
Risk Rating² :	Low
Management Expense Ratio³:	0.91%
Distributions:	Quarterly

Performance

Rates of Return as at September 30, 2021⁴	3 months %	YTD %	1 year %	3 years %	5 years %	10 years %
	-0.6	-4.8	-4.3	3.8	1.7	2.8

Management Expense Ratio³

¹Between 2002 to 2008, Phillips, Hager & North (PH&N) was the sub-advisor of the Fund. Between 2008 to 2018, RBC Global Asset Management (RBC GAM) was the sub-advisor to the Fund.

²The risk rating for the fund is determined using a methodology in accordance with a standardized risk classification methodology that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the returns of the Fund. However, just as a fund’s historical performance may not be indicative of its future returns, a fund’s historical volatility may not be indicative of its future volatility. In addition, investors should be aware that other types of risk, both measurable and non-measurable, also exist. Please read the Prospectus for more information.

⁴Rates of return assume reinvestment of all distributions, after deduction of fees. All returns one year and less are not annualized.

*The MER data for comparable funds is from Morningstar, which is updated on an annual basis and may have additional fees or charges.

Encasa Equity Fund

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The Encasa Equity Fund is managed by Encasa Financial and governed by the Encasa Responsible Investment Policy.

The investment objective of the Fund is long-term capital growth achieved by investing in a diversified portfolio of companies largely located outside of Canada. The companies in the Fund are measurably working to improve the planet, minimize negative social and environmental impacts, and tend to be larger companies. In keeping with the Responsible Investment Policy, the Fund has a reduced exposure to companies in fossil fuel industries. The Fund is suitable for longer term capital where liquidity is not required.

The Fund is sub advised by Genus Capital Management. Genus is a long standing leader in the Canadian investment industry in following the principles of responsible and sustainable investment. Their corporate mission is to create investment strategies for a sustainable future.

Details	As at September 30, 2021 – Net Fees; All Figures in CAD
Sub Advisor¹:	Genus Capital Management Inc.
Benchmark²:	35% S&P/TSX Composite Index and 65% MSCI World
Inception Date:	December 17, 2002
Fund Domicile:	Canada
Total Net Assets:	$160 million
Risk Rating³ :	Medium
Management Expense Ratio⁴:	1.13%
Distributions:	Annually

Performance

Rates of Return as at September 30, 2021⁵	3 months %	YTD %	1 year %	3 years %	5 years %	10 years %
	1.7	13.2	22.0	8.3	9.2	10.0

Management Expense Ratio⁴

¹Between 2002 to 2008, Phillips, Hager & North (PH&N) was the sub-advisor of the Fund. Between 2008 to 2018, RBC Global Asset Management (RBC GAM) was the sub-advisor to the Fund.

²Prior to July 1, 2020, the benchmark for the Encasa Equity Fund was 70% S&P/TSX Composite Index and 30% MSCI World

³The risk rating for the fund is determined using a methodology in accordance with a standardized risk classification methodology that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the returns of the Fund. However, just as a fund’s historical performance may not be indicative of its future returns, a fund’s historical volatility may not be indicative of its future volatility. In addition, investors should be aware that other types of risk, both measurable and non-measurable, also exist. Please read the Prospectus for more information.

⁴Management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or Fund Facts document before investing. The Management Expense Ratio is described in the prospectus and is updated on a semi-annual basis.

⁵Rates of return assume reinvestment of all distributions, after deduction of fees. All returns one year and less are not annualized

*The MER data for comparable funds is from Morningstar, which is updated on an annual basis and may have additional fees or charges.

Encasa is committed to providing investors with the opportunity for capital growth while adhering to the principles of responsible investing.