Encasa Funds

Funds2018-12-12T10:39:55+00:00

Funds

Encasa’s Social Housing Investment Program offers three mutual funds to non-profit and cooperative housing providers:

Social Housing Canadian Short-Term Bond Fund
Housing Canadian Bond Fund
Social Housing Canadian Equity Fund

The Funds, which were specifically designed to meet the needs of housing providers, enable the effective investing of capital reserves as well as operating dollars.

Socially Responsible Investing

A key feature of the Social Housing Investment Program is that the Funds are invested in companies which conduct themselves in a socially responsible manner, and whose business practices favour the environment, promote workers’ rights, and demonstrate strong governance.

Social Housing Canadian Short-Term Bond Fund

High quality bonds of Canadian governments and corporations that conduct themselves in a socially responsible manner. Average term to maturity is between one to five years.

This fund is for investors who:

  • are seeking higher levels of current interest income compared to money market fund investments

  • have a low tolerance for risk

  • wish to invest primarily in securities of companies that conduct themselves in a socially responsible manner

This fund is not for those looking for capital growth.

What Does the Fund Invest In?
The fund invests primarily in high-quality short-term debt obligations issued or guaranteed by the Canadian Government, financial institutions, and Canadian corporations. The fund also invests in debt instruments issued or guaranteed by international or supranational agencies, and other foreign issuers.

The maximum exposure to investments in foreign markets is 30%.

Social Housing Canadian Bond Fund

High quality bonds of Canadian governments and corporations that conduct themselves in a socially responsible manner. Average term to maturity is five to twelve years.

This fund is for investors who:

  • are seeking higher levels of current interest income compared to money market fund investments

  • have a low tolerance for risk

  • wish to invest primarily in securities of companies that conduct themselves in a socially responsible manner

This fund is not for those looking for capital growth.

What Does This Fund Invest In?
The fund are invests primarily in bonds of Canadian governments and companies not maturing for at least one year andwith a credit rating not lower than BBB. The fund also invests in debt instruments issued or guaranteed by international or supranational agencies, and other foreign issuers.

The maximum exposure to investments in foreign markets is 30%.

Social Housing Canadian Equity Fund

Common shares of Canadian and foreign companies that conduct themselves in a socially responsible manner. Maximum of 40% may be invested in non-Canadian securities.

This fund is for investors who:

  • are seeking exposure to investments in quality, primarily Canadian, growth companies

  • have a medium tolerance for risk

  • wish to invest primarily in securities of companies that conduct themselves in a socially responsible manner

What Does the Fund Invest In?
The fund invest primarily in common shares, and may also buy securities convertible into common shares and may use derivatives. The fund may invest a portion of its assets in non-Canadian securities. The fund does not expect to invest more than 40% of its assets in non-Canadian securities.

Assets Under Management (AUM) by Fund

Total Assets Under Management – $546 M as at December 31, 2017.

Management Expense Ratio (MER)

as at December 31, 2017

Social Housing Canadian Short Term Bond Fund Social Housing Canadian Bond Fund Social Housing Canadian Equity Fund
MER (Series A) * 0.79% 0.90% 1.12%
Average MER of comparable Canadian funds 1.14% 1.24% 1.85%

* The Management Fee is for Series A units of the Social Housing Investment Funds as described in the prospectus.

Social Housing Canadian Short Term Bond Fund Social Housing Canadian Bond Fund Social Housing Canadian Equity Fund
MER (Series B) * 0.85% 1.02% 1.30%
Average MER of comparable Canadian funds 1.11% 1.24% 1.85%

* The Management Fee is for Series B units of the Social Housing Investment Funds as described in the prospectus.

Providers who have invested in the funds can check the status of their account and their returns by viewing your account.

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