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Our Funds

REF
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Richmond Equity Fund 

as at december 31, 2023

The Richmond Equity Fund (REF) is a prospectus exempt pooled fund which invests primarily in Canadian dividend paying common equities. The purpose of the REF is to offer a limited number of investors exposure to high quality businesses that are expected to grow their earnings, cash flows and dividends over time, resulting in a combination of current income and long-term capital appreciation. The REF is an all-cap strategy that adds value by investing in large, mid, and small capitalization companies. 

Fund Facts

Net Asset Value

December Distribution

YTD Distribution

Net Assets

Equity Positions

Gross Portfolio Yield

Account Eligibility

MER 

$22.50

$0.621

$0.991
$322 million

46

3.8%

Non-registered & Registered

1.13%

Richmond Equity Fund

as at december 31, 2023

Performance History

(growth of $1,000 invested)

Sector Allocation

Excludes cash balance
Total may not add to 100% due to rounding

Performance is shown net of fees and expenses and includes changes in security values and reinvestment of distributions. Income taxes payable would have reduced returns. The investment is not guaranteed. Performance will fluctuate and past performance may not be repeated.

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In a changing interest rate environment, income generation takes on greater importance.

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RUSF
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Richmond US Equity Fund 

as at december 31, 2023

The Richmond US Equity Fund (RUS) is a prospectus exempt pooled fund which invests primarily in US dividend paying common equities. The securities in the RUS are high quality businesses that are expected to buyback shares, grow their earnings, cash flows, and dividends over time resulting in a combination of current income and long-term capital appreciation. The RUS is un-hedged and units can be purchased in either Canadian or US dollars. 

Fund Facts

Net Asset Value CAD/USD 

December Distribution CAD/USD 
YTD Distribution CAD/USD

Net Assets

Equity Positions

Gross Portfolio Yield

Account Eligibility

MER

$15.18/$11.51

$0.266/$0.202

$0.356/$0.269

$54.6 million (CAD)

42

2.7%

Non-registered & Registered

1.13%

Richmond US Equity Fund

as at december 31, 2023

Performance History

(growth of $1,000 invested)

Sector Allocation

Excludes cash balance
Total may not add to 100% due to rounding

Performance is shown net of fees and expenses and includes changes in security values and reinvestment of distributions. Income taxes payable would have reduced returns. The investment is not guaranteed. Performance will fluctuate and past performance may not be repeated.

Richmond International Fund
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Richmond International Equity Fund

as at december 31, 2023

The Richmond International Equity Fund (RIN) is a prospectus exempt pooled fund which invests in developed non-North American, dividend paying equities. The securities in the RIN are high quality businesses that are expected to buyback shares, grow their earnings, cash flows, and dividends over time, resulting in a combination of current income and long-term capital appreciation. The RIN is un-hedged and units can be purchased in non-registered & registered accounts.

Fund Facts

Net Asset Value 

Net Assets

December Distribution

YTD Distribution

Equity Positions

Gross Portfolio Yield

Account Eligibility

MER

$11.78

$23.7 million

$0.149

$0.199

41

2.8%

Non-registered & Registered

1.13%

Richmond International Equity Fund

as at december 31, 2023

Performance History

(growth of $1,000 invested)

Geographic Allocation

Excludes cash balance
Total may not add to 100% due to rounding

Performance is shown net of fees and expenses and includes changes in security values and reinvestment of distributions. Income taxes payable would have reduced returns. The investment is not guaranteed. Performance will fluctuate and past performance may not be repeated.

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Richmond Core Equity Fund 

as at december 31, 2023

The Richmond Core Equity Fund (COR) is a fund-of-funds, which invests in units of the REF, RUS & RIN. The COR focuses on rising income stream, long term growth of net asset value, and below market volatility of returns. The COR is available in non-registered and registered accounts.

Fund Facts

Net Asset Value

December Distribution 

YTD Distribution  

Net Assets

Gross Portfolio Yield

Account Eligibility

MER

$10.49

$0.234

$0.342

$31.7 million
3.2%

Non-registered & Registered

0%

Richmond Core Equity Fund

as at december 31, 2023

Performance History

Geographic Allocation

(growth of $1,000 invested)

Excludes cash balance
Total may not add to 100% due to rounding

Performance is shown net of fees and expenses and includes changes in security values and reinvestment of distributions. Income taxes payable would have reduced returns. The investment is not guaranteed. Performance will fluctuate and past performance may not be repeated.

Richmond Core Equity Fund
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