The Commonwealth Patriot Trust is a long-only North American Equity fund with a portion of the portfolios in selective positions in fixed income instruments.
The fund aims to provide lower volatility then overall equity markets and a lower market correlation than most equity mutual funds.
Inception: February 2003.
Liquidity: Monthly subscriptions and redemptions.
Total Assets: C$25 million.
Minimum Investment: C$2 million.
Fees: 2% management fee + 20% performance fee (with a high-water mark).
Hurdle Rate: 10%
Commonwealth Trust