Managed by Brandon Snow of CI’s Cambridge Advisors Team, this Canadian focused equity fund invests in large and mid-sized companies that have a defensive business model, a history of intelligent capital allocation, and a management team whose interests are aligned with the shareholders. The bottom up approach is very active and will increase dramatically in periods of rising volatility, as they use that volatility as a way to better position the portfolio. Performance has been strong, but more impressive is that volatility has been significantly lower than the S&P/TSX Composite Index. Historically, it has captured the overwhelming majority of the gains when markets are rising, but has experienced less than half of the drawdowns in falling markets. This highly active approach should result in a respectable performance in the second half of the year. I believe that this can be a great core holding for most investors in most market environments.