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 Securities110
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Yield to Maturity5.2%
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Current Yield3.7%
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Average Duration3.8 Years
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Average Credit QualityA+
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
December 31, 2022Inception Date | December 28, 2011 |
Currency | CAD |
Fund AUM | $46.0 Million |
NAVPU | $17.63 |
Management Fee | 1.50% |
MER as of June 30, 2022 (unaudited) | 1.81% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 71 |
Number of Issuers | 77 |
Average Term to Maturity (Years) | 6.6 |
Average Duration (Years) | 3.8 |
Average Coupon (%) | 3.5% |
Yield to Maturity (%) | 5.2% |
Current Yield (%) | 3.7% |
Average Credit Quality | A+ |
Portfolio Characteristics - Equity
Number of Securities | 39 |
Dividend Yield (%) | 2.2% |
Credit Quality Breakdown
AA & Higher | 43.6% |
A | 25.8% |
BBB | 19.0% |
BB & Lower | 10.4% |
Not Rated | 1.2% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Canadian Dollar | 7.7% |
Cenovus Energy Inc. | 4.1% |
Manulife Financial Corp. | 4.0% |
Spirit Aerosystems Holdings Inc. | 3.0% |
BT Group PLC | 2.8% |
Bombardier Inc. | 2.7% |
Enbridge Inc. | 2.5% |
Apple Inc. | 2.4% |
NatWest Group PLC- SPON ADR | 2.2% |
Hertz Global Holdings Inc | 2.1% |
Total | 33.5% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Canada 0.5% Dec 1, 2030 | 5.3% | AAA |
Concentra Bank NHA MBS (97512140) 2.54% Jul 1, 2023 | 3.3% | AAA |
TLT US 03/17/23 P95 | 2.8% | N/A |
Honda Canada Finance Inc. FRN Feb 26, 2024 (Q CDOR+9) | 2.0% | A- |
Bank of America Corp FRN Sep 15, 2027 (Q CDOR+60) | 1.6% | A |
BNS FRN Aug 4, 2026 (CORRA+54) | 1.2% | A |
Goldman Sachs FRN Apr 29, 2025 (CDOR+37) | 1.1% | A |
Canada 1.75% Dec 1, 2053 | 1.0% | AAA |
WTH Car Rental ULC (AVIS) 3.279% Jul 20, 2023 | 1.0% | AAA |
First National NHA MBS FRN (98004947) Jan 1, 2027(M CDOR-11) | 0.9% | AAA |
Total | 20.2% |
Geographic Breakdown
Canada | 63.2% |
USA | 28.6% |
Europe | 8.0% |
Other | 0.2% |
Performance
Inception Date
December 28, 2011
As of Date
December 31, 2022
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
0.1% | 9.2% | -0.2% | -0.2% | 12.3% | 7.6% | 9.0% | 9.7% |
Calendar Year Returns
Awards

Refinitiv Lipper Fund Awards
The Refinitiv Lipper Fund Awards, 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 Three 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 | $1.0230 |
12-Month Trailing Distribution Yield | 6.4% |
Next Record Date | March 30, 2023 |
Next Distribution Date | March 31, 2023 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 24, 2022 | March 25, 2022 |
June 23, 2022 | June 24, 2022 |
September 29, 2022 | September 30, 2022 |
December 15, 2022 | December 16, 2022 |
Distributions ($)/Unit3 | YTD* | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 1.1296 | 2.6543 | 0.0301 | 0.1112 | 1.2100 | 0.0210 | 0.5712 | 0.7556 | 0.0384 | 0.0313 | 0.0536 |
Interest | - | 0.0046 | 0.0048 | 0.0151 | 0.0115 | - | 0.0004 | - | - | - | 0.0097 |
Dividends | - | 0.1449 | 0.0268 | 0.1046 | 0.1643 | 0.0191 | 0.0915 | 0.0218 | 0.0399 | 0.0313 | 0.0439 |
Capital Gains | - | 2.5117 | - | - | 1.0395 | 0.0019 | 0.4799 | 0.7338 | - | - | - |
Withholding Tax | - | (0.0069) | (0.0015) | (0.0085) | (0.0052) | - | (0.0006) | - | (0.0015) | - | - |