Invest In North American Shariah-Compliant Companies
The OneVest Halal Equity Fund (the “Fund”) allows investors to align their investments with their values. The Fund’s objective is to provide long-term capital appreciation and quarterly distributions through investments in publicly traded North American companies whose business activities are consistent with Shariah principles and guidelines.
Key Benefits
- Adherence to Shariah principles as set by AAOIFI guidelines
- Exposure to North American large-cap stocks
- Eligible for registered accounts (RRSP, TFSA, RESP etc.)
- Quarterly distributions
How the Fund is Built
The Fund strictly invests in Shariah-compliant stocks listed on a Canadian or U.S. stock exchange. The target weightings in the Fund are 90% U.S. and 10% Canadian companies.
Companies that are involved in the following activities are not eligible to be included in the Fund:
- Excess Debt
- Alcohol
- Firearms
- Impure Foodstock
- Usurious Institutions
- Adult Entertainment
- Gambling
- Tobacco
Companies are also screened on a financial basis, and companies must meet the following financial ratios to be included:
- Interest-bearing debt should not exceed 30% of the companies value (market capitalization)
- Current interest-earning assets should not exceed 30% of market capitalization
- Income generated from prohibited activities should not exceed 5%
Knowing Your Investment is Aligned with Your Values
The Fund adheres to Shariah principles and guidelines in accordance with the governance standards of the Accounting and Auditing Organization for Islamic Financial Institutions ("AAOIFI").
The structuring and documentation of the Fund have carefully been reviewed by the Fund's Shariah Supervisory Board (SSB) which has issued a certificate of Shariah compliance.
Manzil has been appointed as the designated consultant for the Fund.
Fund Details
| Ticker (PTF Series) | HALAL | Exchange | NEO Connect |
| Trading Frequency | Daily | Portfolio Manager | OneVest Management Inc. ("OneVest") |
| Distribution Frequency | Quarterly Variable | Fund Currency | CAD |
| Rebalance Frequency | Quarterly | MER* | *N/A as the fund is new |
*The Fund has a management fee of 0.50%. The total Management Expense Ratio will include the Fund’s management fee, operating and trading costs, as well as any applicable taxes.
At the bottom of this page, you can find the following documents:
- Fund Facts (updated quarterly)
- Offering Memorandum
Service Providers
| Fund Custodian | Interactive Brokers Canada | Fund Administrator | SGGG Fund Services |
| Transfer Agent | TSX Trust | Auditor | KPMG |
Disclaimer
This information should not be relied upon as investment advice, research, or a recommendation by OneVest Management Inc. (“OneVest”) regarding (i) the Funds, (ii) the use or suitability of the model portfolios or (iii) any security in particular. OneVest does not provide legal or tax advice and we encourage you to consult your own lawyer, accountant, or other advisors before making an investment.
The information on this website is not an offer or solicitation for the purchase or sale of any financial instrument in any jurisdiction, nor is it a commitment by OneVest or any of its affiliates (collectively “OneVest”) to enter into any transaction referenced herein. All information provided by OneVest herein is indicative, is based on certain assumptions and current market conditions and is subject to change without notice. Accordingly, no reliance should be placed on the information herein. In deciding whether to enter into any transaction or strategy referenced herein, the recipient should rely solely on the final documentation, which will contain the definitive terms and conditions relating to any referenced transaction or strategy.
Prospective investors should rely solely on the OneVest Halal Equity Fund (the “Fund”) confidential offering memorandum (the “Offering Memorandum”) in making a decision to invest. Investors should also read the Fund Facts which contains key information about the Fund. No representations or warranties of any kind are intended or should be inferred with respect to the economic return or the tax consequences from an investment in the Fund. There are significant risks associated with an investment in the Fund which are detailed in the Offering Memorandum. An Investment in the Fund may not be suitable for all investors. The Fund is intended for investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment. There can be no assurance that the Fund will achieve its investment objectives. Management fees and expenses may all be associated with fund investments.
The Fund will rebalance its portfolio holdings quarterly in accordance with the investment process described above. Between quarterly rebalancing dates, the Fund may, at the discretion of the Manager, invest in other securities in order to maintain the liquidity of the Fund or to further diversify the investment portfolio of the Fund in accordance with the Shariah Compliance Requirements.
Your capital is at risk with any type of investment. The value of your portfolio with OneVest can increase or decrease. Past performance is no guarantee of future results. Please read our investment risk disclosure for more information.
OneVest Management Inc. is a registered Portfolio Manager in each province and territory of Canada and an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec.
Assets in your OneVest accounts are held with CI Investment Services Inc., a registered investment dealer in each province and territory of Canada, a member of the Canadian Investment Regulatory Organization (“CIRO”), and Canadian Investor Protection Fund (“CIPF”).
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