Overview
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Asset ClassBalanced
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CIFSC CategoryGlobal Neutral Balanced
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Risk RatingLow to Medium
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Number of Securities74
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Yield to Maturity5.1%
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Current Yield2.9%
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Average Duration1.3 Years
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Average Credit QualityAA-
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
February 29, 2024Inception Date | December 31, 2015 |
Currency | CAD |
Fund AUM | $4.4 Million |
NAVPU | $10.70 |
Management Fee | 0.75% |
MER as of June 30, 2023 (unaudited) | 1.15% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 60 |
Number of Issuers | 36 |
Average Term to Maturity (Years) | 2.6 |
Average Duration (Years) | 1.3 |
Average Coupon (%) | 2.8% |
Yield to Maturity (%) | 5.1% |
Current Yield (%) | 2.9% |
Average Credit Quality2 | AA- |
Portfolio Characteristics - Equity
Number of Securities | 14 |
Dividend Yield (%) | 6.1% |
Credit Quality Breakdown
AA & Higher | 65.9% |
A | 13.0% |
BBB | 6.1% |
BB & Lower | 13.8% |
Not Rated | 1.2% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Manulife Financial Corp. | 4.6% |
Sun Life Financial Inc. | 4.2% |
TC Energy Corporation | 3.8% |
Enbridge Inc. | 3.4% |
BCE Inc. | 3.0% |
TC Energy Corp (TRP.PR.F) | 1.8% |
Loblaws | 1.3% |
DEFINITY FINANCIAL C ORP. | 1.3% |
Sun Life Financial Inc. (SLF.PR.K) | 1.2% |
BCE Inc. (BCE.PR.Q) | 1.2% |
Total | 25.8% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Canada 0.25% Apr 1, 2024 | 28.2% | AAA |
Air Canada 4.625% Aug 15, 2029 | 2.9% | BB+ |
Canada 0.5% Sep 1, 2025 | 2.8% | AAA |
Goldman Sachs FRN Apr 29, 2025 (CDOR+37) | 2.5% | A |
TD Bank 4.477% Jan 18, 2028 | 2.4% | A+ |
GE Capital Corp FRN May 5, 2026 (Q SOFR +64.161)(USD) | 1.9% | BBB+ |
Canada 0.5% Dec 01, 2030 | 1.9% | AAA |
RBC CB 4.256% Dec 21, 2026 | 1.8% | AAA |
Canada 0.25% Mar 01, 2026 | 1.5% | AAA |
BNS FRN Aug 4, 2026 (CORRA+54) | 1.4% | A |
Total | 47.3% |
Geographic Breakdown
Canada | 84.8% |
USA | 15.2% |
Performance
Inception Date
December 31, 2015
As of Date
February 29, 2024
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
1.0% | 3.1% | 2.0% | 5.6% | 3.8% | 5.4% | 4.4% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.8114 |
12-Month Trailing Distribution Yield | 9.5% |
Next Record Date | March 21, 2024 |
Next Distribution Date | March 22, 2024 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 21, 2024 | March 22, 2024 |
June 20, 2024 | June 21, 2024 |
September 19, 2024 | September 20, 2024 |
December 30, 2024 | December 31, 2024 |
Distributions ($)/Unit3 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0000 | 1.0212 | 0.8065 | 0.2001 | 0.2626 | 0.2070 | 0.2184 | 0.2014 | 0.1869 |
Interest | - | 0.1252 | 0.0851 | 0.0401 | 0.0351 | - | - | - | 0.0005 |
Dividends | - | 0.1833 | 0.0956 | 0.1685 | 0.2390 | 0.2180 | 0.2274 | 0.2066 | 0.1962 |
Capital Gains | - | 0.7129 | 0.6275 | - | - | - | - | - | - |
Withholding Tax | - | (0.0002) | (0.0017) | (0.0085) | (0.0114) | (0.0110) | (0.0089) | (0.0052) | (0.0098) |