In past posts, I’ve written about my investing vision and the approach that Erin Greenfield and I take on the funds we manage, but advisors and investors I meet tend to ask about specific companies in the fund.
We put together this list of individual company returns for a presentation recently and I’d like to share it more widely here on our blog.
The chart below shows the top 13 investments that drove returns for Trimark Global Endeavour Fund since the financial crisis. (Click to enlarge.)
Each company on this list was purchased for the Fund before February 27, 2009. The second column shows which companies are still held (all but two) and the last column is the share return from the company (as at February 28, 2013).
As you can see, most of the holdings from March 2009 are still in the Fund today (as at June 18, 2013).
Trimark Global Endeavour Fund has a 3-year compounded rate of return of 17.13% (as at May 31, 2013) and I attribute this performance to our relentless search for high-quality companies. We measure quality in terms of return on capital, growth margins and management teams.
I think the list above nicely illustrates the value of both our long-term investment horizon and low turnover in the fund.
Advisors, do your clients ask questions about the portfolio turnover within their funds? If so, this may help you to highlight the importance of our long-term view and focus on quality. If you have any questions, feel free to add a comment below.
Learn more about the Trimark Investments team.
Trimark Global Endeavour Fund, Series A provided the following performance returns as at May 31, 2013: 1-year, 22.12%; 3-year, 17.13%; 5-year, 7.81%; 10-year, 7.42%.