Chief Executive Officer Ryan Volk Chief Investment Officer Matthew Hoffer Chief Financial Officer Mark Richardson Chief Economist Ronald Chow
Current Holdings Purchase Price
# of Shares
Total Cost
Current Price
Total Market Value
% Change
Canadian Tire Corporation
$127.25
9
$1,145.25
$129.49
$1,165.41
+1.76%
CGI Group Inc.
$52.83
20
$1,056.60
$54.72
$1,094.40
+3.58%
Rogers Communications Inc.
$44.67
26
$1,161.42
$44.06
$1,145.56
-1.37%
Potash Corporation of Saskatchewan Inc.
$43.06
25
$1,076.50
$40.70
$1,017.50
-5.48%
Enbridge Inc.
$62.15
25
$1,533.75
$60.90
$1,522.50
-2.01%
Husky Energy Inc.
$27.24
36
$980.64
$25.33
$911.88
-7.01%
Bank of Nova Scotia
$61.25
32
$1,960.00
$63.46
$2,030.72
+3.61%
Royal Bank of Canada
$77.50
25
$1,937.50
$76.39
$1,909.75
-1.43%
Toronto-Dominion
$50.08
38
$1,903.04
$54.18
$2,058.84
+8.19%
iShares Canadian ShortTerm Bond Fund
$28.98
27
$782.46
$28.95
$781.65
-0.10%
Stock Name
Cash
$12,155.68
$12,169.02
+0.11%
TOTAL
$25,782.34
$25,807.23
+0.04%
The Update
March 22, 2015, 9:30 am
Crescent School Investment Team
Sector Performance Diversified
Industrials
Energy
Financials
CSIT
BM
CSIT
BM
CSIT
BM
CSIT
BM
% Change – Past Week
+0.29%
-0.66%
-3.77%
-0.63%
+1.67%
+1.53%
+0.01%
+0.43%
% Change – Past Month
+1.58%
+2.55%
-5.48%
-2.48%
-5.08%
-3.80%
+1.87%
+0.42%
% Change – Past Three Months
+1.25%
+13.35%
-5.48%
+8.28%
-3.95%
-1.48%
+2.44%
+4.92%
% Change – Since Inception
+1.25%
+27.66%
-5.48%
-1.02%
-3.95%
-16.26%
+3.43%
-5.58%
Portfolio Performance CSIT Portfolio
Crescent TSX 60 Benchmark
*Red Line*
*Blue Line*
% Change – Past Week
+0.01%
-0.01%
% Change – Past Month
-0.99%
-1.76%
% Change – Past Three Months
+0.04%
+3.47%
% Change – Since Inception
+0.04%
-0.50%
The Update
March 22, 2015, 9:30 am
Crescent School Investment Team
Comments: The gains held from our investments of Scotiabank (+3.61%) and TD (+8.19%), along with the addition of gains from Canadian Tire (+1.76%) and CGI Group (+3.58%) have kept out portfolio running ahead of the benchmark at a steady pace over the March Break. However, this was but a silver lining to the hit that the portfolio took while away for the holidays. During the period of March 9 to March 13, Husky’s (HSE) stock price dropped 5.47% (adjusted for $0.30 dividend) and from March 9 to March 20, Potash Corp of Saskatchewan (POT) dropped 4.25% from $42.52 to $40.70 due to changes in Saskatchewan government taxes. These were our biggest losers of our portfolio over the past two weeks. That said, in terms of our overall performance, we are still outperforming our benchmark by a margin of 0.54% and we continue to work towards our goal of a margin of 0.75%. We are hopeful that last week’s steady recovery in the markets will bring April gains to our portfolio, and bring a strong closing to our portfolio in the third term. - Mark Richardson, Chief Financial Officer We were slightly disappointed with the loss on some of our returns over the March Break, however are happy to see our portfolio is outperforming our benchmark. Monitoring our portfolio more carefully in these extremely volatile markets and creating downside and upside sell prices are two ways in which we plan to better manage our portfolio. Now that the March Break is over, we will have the final stock presentations completed to complete our portfolio. - Matthew Hoffer, Chief Investment Officer
Executive Team: Ryan Volk, Chief Executive Officer ! ryanvolk@crescentschool.org Matthew Hoffer, Chief Investment Officer ! matthewhoffer@crescentschool.org Mark Richardson, Chief Financial Officer ! markrichardson@crescentschool.org Ronald Chow, Chief Economist ! ronaldchow@crescentschool.org Mr. Gavin Muranaka ! gmuranaka@crescentschool.org Mr. Michael Stephens ! mstephens@crescentschool.org Ms. Mita Bhattacharyya ! mbhattacharyya@crescentschool.org
The Update
March 22, 2015, 9:30 am