Overview
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Asset ClassBalanced
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CIFSC CategoryGlobal Equity Balanced
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Risk RatingMedium
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Number of Securities108
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Yield to Maturity4.4%
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Current Yield1.5%
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Average Duration2.6 Years
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Average Credit QualityAA+
Objectives
The Fund’s objective is to provide above average, long-term total returns consisting of both income and capital gains by investing primarily in a portfolio of fixed income securities and equities.
Investment Focus
The Fund seeks to provide capital growth while moderating equity volatility by investing in a diversified portfolio of equities and bonds. It is unrestricted in both credit quality and geographic allocation.
Fund Facts
February 29, 2024Inception Date | December 23, 2011 |
Currency | CAD |
Fund AUM | $93.3 Million |
NAVPU | $21.39 |
Management Fee | 0.75% |
MER as of June 30, 2023 (unaudited) | 0.97% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 70 |
Number of Issuers | 72 |
Average Term to Maturity (Years) | 3.5 |
Average Duration (Years) | 2.6 |
Average Coupon (%) | 1.5% |
Yield to Maturity (%) | 4.4% |
Current Yield (%) | 1.5% |
Average Credit Quality2 | AA+ |
Portfolio Characteristics - Equity
Number of Securities | 38 |
Dividend Yield (%) | 2.0% |
Credit Quality Breakdown
AA & Higher | 87.1% |
A | 3.4% |
BBB | 6.3% |
BB & Lower | 2.9% |
Not Rated | 0.3% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Manulife Financial Corp. | 2.7% |
UniCredit S.p.A | 2.2% |
Intel Corporation | 2.2% |
Spirit Aerosystems Holdings Inc. | 2.1% |
Bird Construction Inc. | 2.1% |
Meta Platforms Inc | 2.0% |
Cenovus Energy Inc. | 1.8% |
SNC Lavalin | 1.8% |
Apple Inc. | 1.6% |
Enbridge Inc. | 1.5% |
Total | 20.0% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Canada 0.5% Sep 1, 2025 | 23.3% | AAA |
Canada 0.25% Mar 01, 2026 | 21.4% | AAA |
Canada RRB 4.0% Dec 1, 2031 | 3.2% | AAA |
Canada 0.5% Dec 01, 2030 | 1.8% | AAA |
Merrill Lynch NHA MBS (98004816) FRN (M CDOR-20) Nov 1, 2026 | 1.3% | AAA |
TD Bank 4.477% Jan 18, 2028 | 1.0% | A+ |
RBC CB 4.256% Dec 21, 2026 | 0.8% | AAA |
MetLife Global Funding l 1.95% Mar 20, 2028 | 0.5% | AA- |
Air Canada 4.625% Aug 15, 2029 | 0.5% | BB+ |
Loblaws 6.50% Jan 22, 2029 | 0.4% | BBB |
Total | 54.2% |
Geographic Breakdown
Canada | 78.4% |
USA | 16.3% |
South America | 0.1% |
Europe | 5.2% |
Performance
Inception Date
December 23, 2011
As of Date
February 29, 2024
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
2.2% | 4.3% | 1.7% | 7.5% | 11.4% | 12.0% | 7.7% | 10.6% |
Calendar Year Returns
Awards
LSEG Lipper Fund Awards
The LSEG Lipper Fund Awards Canada, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
Best Global Equity Balanced Fund Over 3 Years
FundGrade A+® Awards
The FundGrade A+® Award is given annually to investment funds and their managers who have shown consistent, outstanding, risk-adjusted performance through the year.
Global Equity Balanced
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.0495 |
12-Month Trailing Distribution Yield | 1.7% |
Next Record Date | March 21, 2024 |
Next Distribution Date | March 22, 2024 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 21, 2024 | March 22, 2024 |
June 20, 2024 | June 21, 2024 |
September 19, 2024 | September 20, 2024 |
December 19, 2024 | December 20, 2024 |
Distributions ($)/Unit3 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0000 | 0.3543 | 1.3427 | 3.5081 | 0.2335 | 0.3572 | 1.4407 | 0.1465 | 0.7799 | 0.9180 | 0.1036 |
Interest | - | 0.0961 | 0.0183 | 0.0061 | 0.0374 | 0.0484 | 0.0136 | - | 0.0005 | - | - |
Dividends | - | 0.2713 | 0.3423 | 0.1915 | 0.2075 | 0.3361 | 0.1956 | 0.1336 | 0.1250 | 0.0265 | 0.1078 |
Capital Gains | - | 0.0000 | 0.9920 | 3.3196 | - | - | 1.2376 | 0.0129 | 0.6553 | 0.8915 | - |
Withholding Tax | - | (0.0131) | (0.0098) | (0.0091) | (0.0114) | (0.0273) | (0.0062) | - | (0.0009) | - | (0.0042) |