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THE CARDINAL PORTFOLIOS


Cardinal applies our disciplined investment approach across a diverse offering of portfolios.  Each composite is available to clients by way of separately managed accounts.  Cardinal’s Pools are also made available to Cardinal Clients.  See Cardinal Pools for more information.

Investment Philosophy

Cardinal utilizes a conservative investment philosophy in managing both stocks and bonds. Using traditional fundamental security analysis, Cardinal selects large-cap stocks selling at below average valuations. We believe that dividends and capital appreciation are important components of total return objectives, and we strive to emphasize both in portfolio construction. For the fixed income portion we emphasize high quality bonds for capital preservation and use a laddered approach to smooth out the volatility of interest rate cycles.


Canadian Equity Composite


The Canadian Equity portfolio makes up the core of our clients’ holdings. Composed of high quality large-cap Canadian companies, we buy industry leaders that have long-term records of earnings and dividend growth, strong balance sheets, above-average profitability levels and global business franchises.

Cardinal is proud of our 20 year investment track record for the Canadian Equity Composite.


Canada Plus Composite


The Canada Plus portfolio is composed of high quality large-cap Canadian and Non-Canadian companies. We buy industry leaders that have long-term records of earnings and dividend growth, strong balance sheets, above-average profitability levels and global business franchises. The focus of the portfolio is on Canada, and then extending beyond our borders, we select our best ideas to diversify into additional opportunities. Portfolios will be held in Canadian dollars and are subject to currency risk for the non-Canadian holdings.


Global Composite


The Global Equity portfolio is comprised of high quality large-cap Canadian, U.S. and International companies. We buy industry leaders that have long term records of earnings and dividend growth, strong balance sheets, above average profitability levels and global business franchises. The Global Equity portfolio has the unique ability to extend beyond our borders, select our best ideas, and to diversify into additional opportunities in the marketplace regardless of where the company may be domiciled. The end result is a strong portfolio of high quality global businesses that meet our investment criteria.


U.S. Equity Composite


The U.S. Equity portfolio is composed of high quality large-cap U.S. companies. We buy industry leaders that have long-term records of earnings and dividend growth, strong balance sheets, above-average profitability levels and global business franchises.


Canadian Income Composite


The Canadian Income portfolio is tilted towards higher yielding securities to satisfy our clients’ need for immediate income, but without compromising on quality and sustainability. Designed as a complement to a bond or GIC based portfolio in these times of low interest rates, investors will trade off some growth potential in order to optimize current income from their investments.


Canadian Balanced #1 Composite


The Canadian Balanced #1 portfolio is composed of high quality bonds and stocks with the overall asset mix based on each individual’s investment objective and risk tolerance. A minimum of 40% of the portfolio is composed of high quality large-cap Canadian companies. We buy industry leaders that have long-term records of earnings and dividend growth, strong balance sheets, above-average profitability levels and global business franchises. We use a laddered approach for the fixed income portion, holding bonds with maturities of ten years or less.


Canadian Balanced #2 Composite


The Canadian Balanced #2 portfolio is composed of high quality bonds and stocks with the overall asset mix based on each individual’s investment objective and risk tolerance. A maximum of 40% of the portfolio is composed of high quality large-cap Canadian companies. We buy industry leaders that have long-term records of earnings and dividend growth, strong balance sheets, above-average profitability levels and global business franchises. We use a laddered approach for the fixed income portion, holding bonds with maturities of ten years or less.


Canadian Bond #1 Composite


The Canadian Bond #1 portfolio contains primarily RIF and LIF accounts where income is required on a regular basis and capital preservation is more of a priority than capital appreciation. We buy high quality bonds such as provincial bonds and corporate bonds rated “A” or better to maintain low volatility. Our laddered bond portfolios hold bonds with maturities of ten years or less.


Canadian Bond #2 Composite


The Canadian Bond #2 portfolio contains primarily RSP and LIRA accounts where capital preservation is more of a priority than capital appreciation. We buy high quality bonds such as provincial bonds and corporate bonds rated “A” or better to maintain low volatility. Our laddered bond portfolios hold bonds with maturities of ten years or less.

For more information on our composite performance including GIPS Performance Presentations see our Performance section.