FAQ

Are the funds eligible to be held in Registered Retirement Savings Plan (RRSP) accounts?

Yes.

What are the funds' benchmarks?

We do not believe that money should be managed with relative performance in mind, but that absolute wealth creation and its sustainability are of the utmost importance. As a result, we do not benchmark the funds against any indices, but measure our success against the benchmark of producing long-term after tax returns that are greater than inflation in order to increase our clients’ purchasing power.

What fees do clients pay?

Management fees are charged at the account level and vary with the amount of assets under management. The Cowan Absolute Return Fund charges a 5.00% performance fee with a high-water mark; the Cowan Income Opportunities Fund charges no performance fee. The manager will pay for all legal and audit fees. Visit the Fees section of the site to learn more about how fees are calculated.

How can I purchase fund units?

Please contact us at info@cowanasset.com or 1-844-334-3323 to see if Cowan Asset Management’s products are a fit for you.

Who are the fund custodians?

CIBC Mellon Trust Company acts as both the trustee and custodian of the funds. Fund units are held with the individual account custodian, National Bank Correspondent Network.

Who are the fund auditors?

Ernst & Young LLP are the auditors of the funds.

How frequently are the fund units valued?

Units in both funds are valued monthly, on the last business day each month.

When can money be added to or removed from a fund?

Units can be purchased or redeemed on the last business day of the month. Redemption orders must be received at least 10 business days prior to the requested redemption date.