(As of 12/31/2025)

Sionna Opportunities Fund - Series A

(Canadian Focused Equity)
Inception Return
(5/13/2014)
9.21 %
YTD Return 28.90 %
NAVPS
(1/28/2026)
$23.52
Change ($0.02) / -0.10 %
Growth of $10,000 (As of December 31, 2025)
MER 2.35 %
Assets ($mil) $97.08
Rank (1Yr) 49/576
Std Dev (3Yr) 15.17 %
Volatility Ranking (3Yr) 5/10
RRSP Eligibility Yes
Load Choice of Front or No Load
Max Front End 5.00 %
Max Back End 5.50 %
Sales Status Open
 
Objective
The fundamental investment objective of Sionna Opportunities Fund is to achieve long-term capital appreciation by investing primarily in the equity securities of Canadian issuers. The Fund may also invest in foreign equity securities.
Fund Manager

Brandes Investment Partners & Co.

Portfolio Manager

Brandes Investment Partners & Co.

Sub-Advisor

Mel Mariampillai, Sionna Investment Managers Inc.

Marian Hoffmann, Sionna Investment Managers Inc.

Kim Shannon, Sionna Investment Managers Inc.

Dave Britton, Sionna Investment Managers Inc.

Teresa Lee, Sionna Investment Managers Inc.

 
Asset Allocation
(As of September 30, 2025)
Sector Allocation
(As of September 30, 2025)
Geographic Allocation
(As of September 30, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Agnico Eagle Mines LtdCanadian EquityBasic MaterialsCanada6.25%
CASHCash and EquivalentsCash and Cash EquivalentCanada5.45%
Royal Bank of CanadaCanadian EquityFinancial ServicesCanada4.99%
Berkshire Hathaway Inc Cl BUS EquityFinancial ServicesUnited States4.90%
Koninklijke Ahold Delhaize NVInternational EquityConsumer ServicesEuropean Union4.68%
Fairfax Financial Holdings LtdCanadian EquityFinancial ServicesCanada4.35%
GlaxoSmithKline PLC - ADRInternational EquityHealthcareEuropean Union4.26%
Shell PLC - ADRInternational EquityEnergyEuropean Union4.25%
Suncor Energy IncCanadian EquityEnergyCanada4.15%
Barrick Mining CorpCanadian EquityBasic MaterialsCanada3.98%

Performance Data (As of December 31, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.60 6.10 16.89 28.90 28.90 17.14 14.49 10.62
Benchmark 0.50 4.53 16.47 25.52 25.52 20.52 14.20 11.57
Quartile Ranking 2 1 1 1 1 3 2 2

Calendar Return (%) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Fund 28.90 14.70 8.72 -0.08 22.47 -3.04 18.34 -3.65 13.28 11.37
Benchmark 25.52 22.75 13.60 -8.87 21.76 7.58 21.45 -7.14 10.80 14.44
Quartile Ranking 1 4 4 1 3 4 3 1 1 3

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