Why invest in Galileo Funds?
There are reasons to invest in Galileo Funds. One, our portfolios are actively managed to deliver superior, index-beating value found in undervalued and inefficiently-priced securities. Two, our fees are low on an absolute basis and relative to the level of active management applied. Three, we have a proven track record, which is recognized by third parties, including Fundata and Morningstar as well as independent financial professionals across Canada.
What sort of securities do you hold?
For Galileo Global Opportunities Fund, we buy and harvest value resident in securities of high potential small and mid-sized companies traded on the S&P/TSX and other global exchanges. For Galileo High Income Plus Fund, the objective is to provide high income and long-term growth of capital through diversified investments in high yielding equity securities, preferred shares and convertible debentures of Canadian companies and REITs and royalty trusts.
Can I invest in Galileo Funds monthly directly from my bank account?
Absolutely. Under this program, you can instruct your dealer to make regular purchases of your chosen Galileo fund each month or quarter using money directly and automatically withdrawn from your bank account. The minimum purchase amount is $25 and over time, this small amount can add up to substantial savings.
Which Galileo Fund is right for me?
That’s a personal decision, best made by you in consultation with your financial advisor, taking into account your risk tolerance and financial objectives.
How do I get an advisor?
If you don’t have a personal financial advisor, please contact us at 1 888 912 2288 and we will refer you to a qualified, independent professional in your community.
Are any of your funds available to wrap account holders?
Yes, we offer F Class units to fee-for-service and wrap account programs sponsored by certain registered dealers on most of our funds. We charge a lower management fee on F Class units because our distribution and service costs are lower.
Can I switch between Galileo Funds?
Yes, but please consider the following. First, a switch is considered a disposition for tax purposes so you may realize a capital gain or loss. Second, Galileo does not charge you any fees for a switch transaction unless you switch within 30 days of your purchase (this fee does not apply to redemptions under our Systematic Withdrawal Program) and your financial advisor may charge a transfer fee. To switch, speak to your financial advisor.
How often do you calculate NAV?
We calculate net asset value in Canadian dollars at the end of each business day – a business day being defined as a day in which the Toronto Stock Exchange is open for business. Our NAVs are often published in major Canadian newspapers in the mutual fund tables and are quoted online at Globe Investor (theglobeandmail.com) and Morningstar.
Are both Galileo Funds tax-shelter eligible?
Yes, both Galileo Funds are eligible for RRSPs, RRIFs and TFSAs.
Who does Galileo use as custodian?
We engage leading specialists to deliver services to our unitholders. CIBC is the independent custodian of the Funds’ cash and investments. CIBC Mellon Global Securities is our registrar and they maintain a record of investors in each fund, process orders and provide statements to you. PriceWaterhouseCoopers LLP are the Fund’s independent auditors.