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 28, 2011 |
Currency | CAD |
Fund AUM | $93.3 Million |
NAVPU | $19.42 |
Management Fee | 1.50% |
MER as of June 30, 2023 (unaudited) | 1.82% |
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 28, 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% | 4.1% | 1.6% | 6.6% | 10.4% | 11.0% | 6.8% | 9.7% |
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 | $0.0114 |
12-Month Trailing Distribution Yield | 0.9% |
Next Record Date | March 21, 2024 |
Next Distribution Date | March 22, 2024 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 21, 2024 | March 22, 2024 |
June 20, 2024 | June 21, 2024 |
September 19, 2024 | September 20, 2024 |
December 19, 2024 | December 20, 2024 |
Distributions ($)/Unit3 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0000 | 0.1771 | 1.1296 | 2.6543 | 0.0301 | 0.1112 | 1.2100 | 0.0210 | 0.5712 | 0.7556 | 0.0384 |
Interest | - | 0.0480 | 0.0154 | 0.0046 | 0.0048 | 0.0151 | 0.0115 | - | 0.0004 | - | - |
Dividends | - | 0.1356 | 0.2880 | 0.1449 | 0.0268 | 0.1046 | 0.1643 | 0.0191 | 0.0915 | 0.0218 | 0.0399 |
Capital Gains | - | 0.0000 | 0.8345 | 2.5117 | - | - | 1.0395 | 0.0019 | 0.4799 | 0.7338 | - |
Withholding Tax | - | (0.0065) | (0.0083) | (0.0069) | (0.0015) | (0.0085) | (0.0052) | - | (0.0006) | - | (0.0015) |