Global Equity
Fund

What role it plays

The Global Equity Fund is responsible for growth.

It provides exposure to global equity markets, allowing portfolios to participate in long-term economic expansion.

It is expected to fluctuate. In fact, that’s an important part of how it works.

How it’s built

This fund is constructed with a focus on simplicity, diversification, and cost discipline.

• Broad exposure across global markets
• Diversification across regions, sectors, and company sizes
• No reliance on short-term forecasts or market timing
• A structure designed to capture market returns efficiently

The goal is not to find the next outperformer. It’s to build a reliable, repeatable source of long-term growth

What it’s designed to do

• Participate in global market growth
• Provide long-term return potential
• Serve as a complete investment solution or fit within a broader diversified portfolio.

What it’s not designed to do

This is just as important.

The Global Equity Fund is not designed to:

• Avoid short-term losses
• Outperform in every period
• React to market headlines or economic predictions
• Reduce volatility on its own

Bluntly: These objectives are impossible, unless you run a Ponzi schem

What to expect

At times, this fund will feel uncomfortable.

Markets decline.
Returns vary.
Periods of underperformance happen.

That’s not a flaw in the design. It’s part of how equity investing works.

A well-structured portfolio accounts for this, rather than trying to eliminate it.

How it’s designed and why

The Global Equity Fund is designed to serve as a complete investment solution or fit within a broader diversified portfolio. It is:

• diversified across regions – different geographic regions do well at different times
• diversified across sectors/ industries – there are great companies in many different industries, and some industries thrive in different environments
• diversified across companies – there are some great companies out there, but none is invincible. Just ask Kodak (or Ford, or BlackBerry, or Nortel, or…)
• diversified across styles – just like fashion trends, some investment approaches are great, but not always in style. Having different outfits in the closet ensures you will always have something that is en vogue.

The goal is not to make each piece do everything.
It’s to have each piece do its job.

Why it’s structured this way

This fund reflects the same principles that guide our overall approach:

• Markets are unpredictable
• Diversification matters
• Costs compound
• Behaviour drives outcomes

In other words, this isn’t a separate idea.
It’s the strategy, applied.