Overview
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Asset ClassBalanced
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CIFSC CategoryGlobal Equity Balanced
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Risk RatingLow to Medium
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Number of Securities133
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Yield to Maturity6.4%
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Current Yield4.8%
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Average Duration2.0 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 in a conservative fashion with an aim of producing a more stable return pattern than a typical balanced fund.
Fund Facts
December 31, 2022Inception Date | December 31, 2015 |
Currency | CAD |
Fund AUM | $4.0 Million |
NAVPU | $11.49 |
Management Fee | 1.50% |
MER as of June 30, 2022 (unaudited) | 2.00% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 65 |
Number of Issuers | 37 |
Average Term to Maturity (Years) | 5.7 |
Average Duration (Years) | 2.0 |
Average Coupon (%) | 4.5% |
Yield to Maturity (%) | 6.4% |
Current Yield (%) | 4.8% |
Average Credit Quality | BBB+ |
Portfolio Characteristics - Equity
Number of Securities | 68 |
Dividend Yield (%) | 1.6% |
Credit Quality Breakdown
AA & Higher | 33.2% |
A | 12.0% |
BBB | 14.8% |
BB & Lower | 37.5% |
Not Rated | 2.3% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Eli Lilly & Co | 2.0% |
TC Energy Corp (TRP.PR.F) | 1.8% |
Canadian Dollar | 1.7% |
Uni-Select Inc. | 1.3% |
Sun Life Financial Inc. (SLF.PR.K) | 1.2% |
Loblaws | 1.2% |
Computershare Ltd | 1.1% |
DEFINITY FINANCIAL C ORP. | 1.1% |
Murphy Usa Inc. | 1.1% |
BCE Inc. (BCE.PR.Q) | 1.1% |
Total | 13.6% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Air Canada 4.625% Aug 15, 2029 | 3.0% | BB |
Canada 0.25% Apr 1, 2024 | 2.9% | 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) | 1.6% | B |
Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR+314) | 1.5% | BB+ |
Canada 0.5% Nov 1, 2023 | 1.5% | AAA |
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- |
Bombardier Inc. 7.875% Apr 15, 2027 144A (USD) | 1.2% | B- |
Nav Canada 0.555% Feb 9, 2024 | 1.2% | A+ |
Total | 17.7% |
Geographic Breakdown
Canada | 50.2% |
USA | 36.3% |
Australia | 1.2% |
South America | 0.1% |
Europe | 5.2% |
Asia | 3.2% |
Other | 3.8% |
Performance
Inception Date
December 31, 2015
As of Date
December 31, 2022
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
1.1% | 5.7% | -5.6% | -5.6% | 5.0% | 3.2% | 4.0% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.4590 |
12-Month Trailing Distribution Yield | 5.2% |
Next Record Date | March 30, 2023 |
Next Distribution Date | March 31, 2023 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 24, 2022 | March 25, 2022 |
June 23, 2022 | June 24, 2022 |
September 29, 2022 | September 30, 2022 |
December 29, 2022 | December 30, 2022 |
Distributions ($)/Unit3 | YTD* | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|
Total Distributions | 0.6026 | 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) |