Saxon Stock fund has delivered: the fund's long-term track record is exceptional

Money Digest, May, 2002

The Saxon Stock fund (www.saxonfunds.com) is a Canadian equity mutual fund. It aims for (and has been achieving) above-average, long-term growth of capital. Its primary investments are listed Canadian companies with unusual growth prospects, management ability, or other criteria. The fund may invest also in more defensive securities such as convertible debentures and preferred shares, bonds, debentures and short-term investments.

The fund is more concerned about price appreciation of securities than with dividend yield. For some time now, the fund's security selection has been based on cyclical industries such as industrial products and the natural resource sector.

Saxon Stock fund has one of the most impressive track records of any Canadian mutual fund: Its one-year, three-year and 10-year returns, respectively, are 29.3%, 20.8% and 16.9%.

And there is more. It is a no-load fund with a low MER of just 1.75%.

Here are its top 10 holdings: Nugro Corp. 2.9%, Stratos Global Corporation 2.9%, Macdonald Dettwiler & As I 2.8%, Industrial Alliance Life Ins 2.7%, Royal Bank of Canada 2.6%, IShares MSCI Index 2.6%, Investor's Group Ltd. 2.6%, Royal Group Technologies Ltd. 2.6%, Nova Chemicals Corp. 2.6%, Marsulex Inc. 2.6%.

A good fund for value-oriented investors.