O'Leary Funds Receives Multiple FundGrade A+ Awards for 2014
MONTREAL, Jan. 23, 2015 /CNW Telbec/ - O'Leary Funds Management LP, a leading destination for income-oriented Canadian investors, is pleased to announce that two of its mutual funds are recipients of 2014 FundGrade® A+ Awards for best risk-adjusted returns and achieving consistently high FundGrade® scores throughout the entire calendar year. The Funds recognized are the O'Leary Canadian Bond Yield Fund (Series A), which also won in 2013, and the O'Leary Global Bond Yield Advantaged Fund (Series A).
"We are very honoured to receive an A+ Award for a second consecutive year", said Connor O'Brien, CEO of O'Leary Funds and President of Stanton Asset Management Inc. the portfolio advisor to the O'Leary family of funds. "This recognition, along with the 2014 Lipper Award the O'Leary Canadian Bond Yield Fund received as best Canadian Fixed Income Fund over three years, demonstrates the value added by our investment approach. Our investment team deserves congratulations for this achievement. We thank our investment advisors and their clients for their ongoing support."
The FundGrade® A+ Rating identifies funds with the best risk-adjusted returns and is awarded annually to funds that have achieved consistently high FundGrade® scores through an entire calendar year. Achieving a FundGrade® A+ Rating denotes inclusion in an exclusive group, because less than 4% of the eligible investment fund products available in Canada have received a FundGrade A+ Rating.
The FundGrade® A+ Rating is a totally objective, transparent, score-based calculation using a grade-point average that ranks funds to determine the annual "best-of-the-best" investment fund ratings. As such, the FundGrade® A+ Rating provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating based on an entire calendar year.
A detailed explanation as to how FundGrade® is calculated can be found at www.fundata.com.
O'Leary Funds Management LP is a Canadian investment fund manager of mutual funds and closed-end funds striving to provide Canadian investors with reliable and strategic income solutions. Based on our value-yield investment philosophy, Canadian and global investment opportunities are identified through a disciplined investment process. Our core principles, Income, Capital Appreciation and Capital Preservation, are driven by each portfolios investment objectives. Our portfolios are diversified by sector, region and asset class. For more details about O'Leary Funds, visit www.olearyfunds.com.
O'Leary Canadian Bond Yield Fund was awarded the 2014 Lipper Fund Award in the Canadian Fixed Income Fund category for the 3 year period ending July 31, 2014 out of a total of 93 funds. The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and highlight funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see www.lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.
SOURCE O'Leary Funds Montréal
For media inquiries or additional information, please contact Investor Relations at [email protected] or at 877-849-2004 or 514-849-1056.
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