you’re at the age where you get excited about a 32.5% tax ... · yep. you’re at the age where...
TRANSCRIPT
Yep.You’re at the age where you get
excited about a 32.5% tax credit.
SaskWorks is the top performing*
retail mutual fundin the province.* As per Morningstar.com as at August 31, 2019. Based on 1 year, 3 year, 5 year, 10 year and since inception returns for Class A and R shares.
K E E P Y O U R I N V E S T M E N T I N S A S K A T C H E W A N
SaskWorks Venture Fund is a Saskatchewan-based retail mutual fund that invests in small and medium-sized private businesses. SaskWorks allows you to diversify your portfolio with companies that you would otherwise not have access to – all while keeping your investment dollars at home in the province and reducing your personal taxes.
Abo
ut th
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“ Our conservative investment approach, strong risk controls and experience investing through several of Saskatchewan’s market cycles, have allowed the fund to help local businesses navigate the challenges and opportunities in Saskatchewan’s economy.”
Randy Beattie, President & Founding Partner
SaskWorks investors receive a 32.5% tax credit on investments of up to $5,000.
15.0%
17.5%
32.5%
FEDERALTAX CREDIT
PROVINCIALTAX CREDIT
TOTALTAX CREDIT
+
R E D U C E Y O U R T A X E S
An investment in SaskWorks is RRSP and tax credit-eligible. In addition to an RRSP tax deferral, investors in SaskWorks will receive a 17.5% Provincial tax credit and a 15% Federal tax credit on investments of up to $5,000 annually.
Tax
Savi
ngs
Net Cash OutlayAfter Tax Savings
$1,725
Provincial Tax Credit(17.5%)$875
RRSP Tax Deferral
(33%) †
$1,650
Federal Tax Credit
(15%)$750 This means a
$5,000 investment in SaskWorks may
cost as little as $1,725!†
† Assumes a $5,000 investment by an investor in a marginal tax bracket of 33% ($47,630 - $95,259).
* Venture investment portfolio (Diversified share class) at cost as at August 31, 2019.
SaskWorks’ diversification efforts have resulted in portfolios that are well-balanced among Saskatchewan’s key sectors. Since inception, the fund has remained focused on its mandate to invest in those industries driving Saskatchewan’s economy: manufacturing/industrials, value-added agriculture and energy, with an emphasis on management buy-out transactions.
SECTOR ALLOCATION OF DIVERSIFIED PORTFOLIO*
A Diversified Approach INVESTMENT* SECTOR
$4,640,000 Financials
$12,605,000 Financials
$11,685,000 Industrials
FOLLOW-ON
$14,845,000 Financials
$8,396,000 Energy
$2,860,000 Energy
$13,798,000 Energy FOLLOW
-ON
255 2nd AVE. NORTH PROPERTIES LTD.
■ Held in the Diversified share class (Class A) ■ Held in the Resources share class (Class R) ■ Held in both the Diversified and Resources share classes
P O R T F O L I O H O L D I N G SINVESTMENT* SECTOR
$4,774,000 Energy
$1,750,000 Industrials
$974,000 Financials
$206,000 Consumer Discretionary
$16,646,000 Energy
$5,442,000 Financials
$14,795,000 Health Care
FOUNDATIONDEVELOPMENTS
Inve
stm
ent P
ortf
olio
* Venture Portfolio at August 31, 2019 at cost.
Ag Products & Services Alternative Energy Consumer Discretionary
Energy (E&P) Energy Midstream Energy ServicesIndustrials Other Real Estate
1.7%
13.9%
18.6%
2.8%
6.2%
15.7%
14.6%
16.5%Value-Added Agriculture
Alternative Energy
Consumer Discretionary
Energy (E&P)
Energy Midstream
Energy Services
Industrials
Other
Financials
10.1%
P O R T F O L I O H O L D I N G S
INVESTMENT* SECTOR
$9,044,000 Industrials
$6,000,000 Energy
$892,000 Value-Added Agriculture
$14,551,000 Value-Added Agriculture
$3,621,000 Financials
$2,887,000 Consumer Discretionary
$5,492,000 Energy
INVESTMENT* SECTOR
$7,149,000 Value-Added Agriculture
$20,000 Financials
$2,484,000 Energy
$6,464,000 Energy
$43,425,000 Energy
FOLLOW-ON
$8,835,000 Consumer Discretionary
$1,000,000 Energy
* Venture Portfolio at August 31, 2019 at cost.
INVESTMENT* SECTOR
$8,956,000 Industrials
NEW
$3,911,000 Alternative Energy
FOLLOW-ON
$5,296,000 Energy
FOLLOW-ON
$3,670,000 Financials
INVESTMENT* SECTOR
$6,664,000 Information Technology
NEW
$1,026,000 Consumer Discretionary
$194,000 Consumer Discretionary
$225,000 FinancialsYORKTERRA DEVELOPMENT LP
I N V E S T E E H I G H L I G H T: T H E W I R E L E S S A G E $3.75 million investment I May 2009
IM Wireless Communications Ltd., a SaskTel authorized dealer, is the parent company of The Wireless Age and The Wireless Source, providing cellular and telecommunications solutions, products and services across Saskatchewan with locations in Regina, Saskatoon, Martensville, Humboldt, Yorkton,
Esterhazy and Meadow Lake. The company has consistently grown its customer base and is constantly looking for different ways to add new revenue streams to the business model. Since our initial investment, revenue and EBITDA has grown significantly, providing strong, consistent cashflows to shareholders.
■ Held in the Diversified share class (Class A) ■ Held in the Resources share class (Class R) ■ Held in both the Diversified and Resources share classes
With the support of Saskatchewan’s investment community, SaskWorks has:*
* Since inception through August 31, 2019. ** Approved or disbursed. *** Aggregate of both share classes, including full and partial exits, since inception through August 31, 2019.
Consistent Performance
† As per Morningstar.ca as at August 31, 2019.
SECTORS Industrials Value-Added Agriculture Energy Consumer Discretionary Financials
CLASS A, SERIES A: CCP100, CCP102
CLASS A, SERIES F: CCP101Class A - Series A & Series F, as at August 30, 2019†
1.47%
3.72%
1 year 3 year 5 year 10 year
9.99%
12.76%
6.86%
–
5.15%
–
C L ASS A
SECTORS Energy Production Energy Services Mining Alternative
Energy Solutions
CLASS R, SERIES A: CCP200, CCP202
CLASS R, SERIES F: CCP201Class R - Series A & Series F, as at August 30, 2019†
0.36%
1.37%
(0.56%)
0.34%
(4.08%)
–
(0.99%)
–
CLASS R
1 year 3 year 5 year 10 yearSERIES
ASERIES
ASERIES
FSERIES
F
Perf
orm
ance
D O U B L E Y O U R T A X C R E D I T SaskWorks shares are eligible for rollover following the government-mandated eight year holding period. When you roll-over your mature shares, you are eligible to receive a second 32.5% tax credit on your original investment.
2x
Raised over $556 million
Invested $531 million**
Exited 82 companies for total proceeds of $493 million, representing a gain
to the fund of $243 million***
Made 259 investments across 123 diverse companies
For more information, or to purchase units of the Fund, please contact your Investment Advisor.
Visit www.saskworks.ca for more information.
3 WAYS TO INV E S T!
Lump Sum ContributionAn annual or semi-annual single payment
Pre-authorized ContributionYou choose your contribution amount and deduction frequency which is automatically deducted from your bank account
Payroll Investment PlanYour investment is automatically deducted off your paycheque and you receive the tax savings each payday
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I N V E S T M E N T R I S K C O N S I D E R A T I O N SSaskWorks Venture Fund Inc. is a Labour-Sponsored Investment Fund. The offering is made by prospectus in Saskatchewan only, for provincial residents. An investment in the Fund is subject to substantial risk, share value and returns will fluctuate. Redemptions are dependent on net income and retained earnings, and may be restricted in certain circumstances.
It is important for all potential investors to consider all of the merits and risks of this investment. If redeemed prior to the eighth anniversary of purchase, you may be subject to an early redemption fee, and to repayment of tax credits. Commissions, trailing commissions, management fees and expenses all may be associated with Investment Funds. Investment Funds are not guaranteed, their values change frequently, and past performance may not be repeated.
R E A D O U R P R O S P E C T U SThis offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained free of charge from your Investment Advisor or the agent, Industrial Alliance Securities Inc. (www.iasecurities.ca). Investors should read the prospectus and consult an Investment Advisor before making an investment decision.
2nd Floor, Assiniboia Club Building, 1925 Victoria Avenue, Regina, SK S4P 0R3 Tel: 306.791.4833 • Fax: 306.791.4848 • Email: [email protected]