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REGISTERED ADVISOR INFORMATION
Can a client hold the Van Arbor Funds in an RRSP account?
Yes. Each of the 3 funds is RRSP eligible.
How to facilitate your client's purchase of units of Van Arbor Funds:
The Van Arbor Funds are designated as a Private Mutual Fund Trust and, therefore, are sold by Offering Memorandum. Your client will need to receive an Offering Memorandum and the Subscription Forms. These are available on our website located at www.vanarbor.com, under the section entitled: FORMS.
You can place your client's order to purchase Van Arbor fund units through FundServ.
| Fund | Purchase Code | Holding Code | |
| Van Arbor Canadian Advantage Fund | Series A | VAA110 | VAA111 |
| Series F | VAA120 | VAA121 | |
| Van Arbor US Advantage Fund | Series A | VAA210 | VAA211 |
| Series F | VAA220 | VAA221 | |
| Van Arbor Euro Fund | Series A | VAA310 | VAA311 |
| Series F | VAA320 | VAA321 |
The Subscription Form (Page 3) and the relevant transaction exemption form, either be the Accredited Investor Exemption and / or the Risk Acknowledgement Exemption, of the Subscription Agreement will need to be completed by the client.
Your client will be required to complete the Subscription Form (Page 3) of the Subscription Agreement and a transaction exemption form that is relevant to the jurisdiction your client resides. The client exemption will either be the Accredited Investor Exemption and / or the Risk Acknowledgement Exemption.
Once your client has completed the Subscription Form and the Transaction Exemption Form, either the Accredited Investor Form and/or Risk Acknowledgment Form, these Forms are to be received by Van Arbor. In many cases your compliance department will forward these forms on your behalf.
For all subsequent purchases, it is required that your client again complete the above Subscription Form of the Subscription Agreement and a transaction exemption form that is relevant to the jurisdiction your client resides. If the client is purchasing based on a monthly pre-authorized transaction, subsequent forms are not required, unless the investor's personal situation changes.
What is the difference between the Series A Units and Series F Units?
The Series A units pay a Management Fee of 1.5%, 1.0% of the Management Fee is payable to the Dealer as a Trailer Fee. The Series F units can only be sold to a client with a wrap account with the Dealer. The Management Fee is 0.5% with no associated Trailer Fee.
What is the difference between the VAA110 and VAA111 funds (VAA210 & VAA211 / VAA310 &VAA311)?
The VAA110 / VAA210 / VAA310 funds are pending accounts. The unit price for these pending accounts is a static $10.00 per unit. Once Van Arbor has received your client's completed documentation, the holding in VAA110 / VAA210 / VAA310 will be ready for the end of month pricing of the VAA111 / VAA211 / VAA311 portfolio funds.
The VAA111 / VAA211 / VAA311 are the funds with the equity portfolios. At month end the portfolio funds are priced and the client holding in VAA110 / VAA210 / VAA310 will roll into the VAA111 / VAA211 / VAA311 fund at the end of month unit valuation.
A Sample Transaction:
| DATE | FUND | TRANSACTION | UNITS | PER UNIT COST | BOOK VALUE |
| May 5 | VAA
110 Pending Fund |
Purchase | 10,000.000 | $10.00 / unit | $100,000.00 |
| By
1pm (PST) May 31 |
All
documentation is received at Van Arbor in Good Order. Holdings
are ready to be switched into the portfolio at month end. |
||||
| May 31 | VAA
110 Pending Fund |
Switch Out | 10,000.000 | $10.00 / unit | $100,000 |
| May 31* | VAA
111 Portfolio Fund |
Switch In | 8,000.000 | $12.50 / unit | $100,000.00 |
|
*After the month end switch into the portfolio fund (VAA111), the market value of the units is determined by the current portfolio fund price multiplied by the number of units held in the portfolio fund. MARKET VALUE = PORTFOLIO FUND PRICE X NUMBER OF PORTFOLIO FUND UNITS Investors can refer to the portfolio fund listing in the financial press for the current price of their units |
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What are the symbols that I follow to monitor the investment?
The portfolio funds are VAA111 / VAA211 / VAA311. These are the Van Arbor Funds that will be priced and reported monthly.
The Van Arbor Funds are quoted on www.globefund.com and www.fundlibrary.com and in major newspapers such as the Globe and Mail and The National Post.
Why use the pending account and the portfolio account?
The Securities Commissions require that each investor in units of a fund offered by Offering Memorandum complete documentation stating the purchase exemption that is being used to allow the trade to occur. Van Arbor can not place the client's investment into the portfolio account without the documentation being completed. The holding account is where the client investment resides until the client documentation is received by Van Arbor. Once the documentation is received in good order your client's investment will be transferred into the portfolio account at the next month end valuation of the fund.
If my client intends to purchase units of both Funds, is documentation required for both funds?
Yes, each transaction requires a Subscription Form and an Exemption Form be completed by the client.
When is the cut-off day for client documentation to be received at Van Arbor for my client's holding to be switched from the pending account to the portfolio account?
Client documentation must be received by 4:00 pm Pacific Time on the day prior to the last business day of the month. As an example, if the last business day of the month is Wednesday May 31, then documentation must be received by 4:00 pm on the Tuesday May 30.
What happens if documentation is not received IN GOOD ORDER by the month end switch deadline?
As the funds are priced monthly, investor's capital is placed into the portfolio account on a monthly basis. If the completed investor documentation is not received by the cut off time, then the investor's capital will remain in the pending account until the completed investor's documentation is received. At the next month end the investor's capital will be placed in the portfolio account.
My client intends to set up a PAC, what documentation is required?
Documentation is required for the initial transaction and as long as your client's personal situation does not change, no further documentation is required. If your client's personal situation does change, such that you are up dating their Know Your Client Form, then new documentation is required by Van Arbor.
Who do I call if I have other questions?
If you have question regarding how to purchase Van Arbor units for a client or you are experiencing and difficulties, please contact Andrew Parkinson at T: 604 895 7122 or by email: andrew@vanarbor.com
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