Overview
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Asset ClassBalanced
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CategoryGlobal Equity Balanced
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Risk RatingLow to Medium
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Number of Securities145
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Yield to Maturity5.3%
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Current Yield3.9%
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Average Duration1.9 Years
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Average Credit QualityBBB+
Objectives
The Fund’s objective is to generate returns consisting of income and capital gains by investing primarily in a portfolio of fixed income securities and equities of companies anywhere in the world.
Investment Focus
Invests in equity and fixed income securities of companies having a broad range of capitalizations from anywhere in the world.
Fund Facts
August 31, 2022| Inception Date | December 31, 2015 |
| Currency | CAD |
| Fund AUM | $4.0 Million |
| NAVPU | $11.59 |
| Management Fee | 1.50% |
| MER as of June 30, 2022 (unaudited) | 2.00% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RRSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
| Number of Securities | 63 |
| Number of Issuers | 100 |
| Average Term to Maturity (Years) | 5.6 |
| Average Duration (Years) | 1.9 |
| Average Coupon (%) | 3.0% |
| Yield to Maturity (%) | 5.3% |
| Current Yield (%) | 3.9% |
| Average Credit Quality | BBB+ |
Portfolio Characteristics - Equity
| Number of Securities | 82 |
| Dividend Yield (%) | 1.6% |
Credit Quality Breakdown
| AA & Higher | 37.9% |
| A | 11.9% |
| BBB | 10.5% |
| BB & Lower | 38.1% |
| Not Rated | 1.5% |
Portfolio
Top 10 Holdings
| Security | % of Fund | Rating |
|---|---|---|
| Air Canada 4.625% Aug 15, 2029 | 2.9% | BB |
| Canada 0.25% Apr 1, 2024 | 2.9% | AAA |
| Canada 0.75% Oct 1, 2024 | 2.3% | AAA |
| Canada 0.25% May 1, 2023 | 2.0% | AAA |
| GE Capital Corp FRN May 5, 2026 (Q LIBOR+38)(USD) | 2.0% | BBB+ |
| American Airlines Inc. 11.75% Jul 15, 2025 144A (USD) | 1.5% | B |
| Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR+314) | 1.5% | BB+ |
| BNS FRN Aug 4, 2026 (CORRA+54) | 1.4% | A |
| Pacific Life Global Funding II FRN Feb 1, 2027 (Q CDOR+38) | 1.4% | AA- |
| Nav Canada 0.555% Feb 9, 2024 | 1.2% | A+ |
| Total | 19.2% |
Top 10 Holdings
| Security | % of Fund |
|---|---|
| TC Energy Corp (TRP.PR.F) | 2.1% |
| Eli Lilly & Co | 1.6% |
| Birchcliff Energy Ltd. | 1.5% |
| Bellus Health Inc. | 1.3% |
| BCE Inc. (BCE.PR.Q) | 1.2% |
| Manulife Financial (MFC.PR.J) | 1.2% |
| Sun Life Financial Inc. (SLF.PR.K) | 1.2% |
| Boralex Inc. | 1.2% |
| Capital Power Corp. | 1.1% |
| Loblaws | 1.1% |
| Total | 13.6% |
Geographic Breakdown
| Canada | 31.0% |
| USA | 38.3% |
| Australia | 2.1% |
| South America | 2.4% |
| Europe | 18.8% |
| Asia | 6.4% |
| Other | 1.1% |
Performance
Inception Date
December 31, 2015
As of Date
August 31, 2022
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
| 0.3% | -1.2% | -9.3% | -8.1% | 4.4% | 3.5% | 3.6% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Quarterly |
| Most Recent Distribution per Unit | $0.0005 |
| 12-Month Trailing Distribution Yield | 0.9% |
| Next Record Date | September 29, 2022 |
| Next Distribution Date | September 30, 2022 |
Quarterly Distributions
| Record Date | Distribution Date |
|---|---|
| March 24, 2022 | March 25, 2022 |
| June 23, 2022 | June 24, 2022 |
| September 29, 2022 | September 30, 2022 |
| December 29, 2022 | December 30, 2022 |
| Distributions ($)/Unit3 | YTD* | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Total Distributions | 0.0463 | 0.0942 | 0.1689 | 0.1164 | 0.1657 | 0.1142 | 0.2313 |
| Interest | - | 0.0189 | 0.0226 | - | - | - | 0.0006 |
| Dividends | - | 0.0793 | 0.1537 | 0.1226 | 0.1725 | 0.1171 | 0.2428 |
| Capital Gains | - | - | - | - | - | - | - |
| Withholding Tax | - | (0.0040) | (0.0073) | (0.0062) | (0.0068) | (0.0029) | (0.0121) |