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 Securities113
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Yield to Maturity5.1%
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Current Yield2.9%
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Average Duration2.2 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
August 31, 2023Inception Date | December 23, 2011 |
Currency | CAD |
Fund AUM | $69.2 Million |
NAVPU | $20.39 |
Management Fee | 0.75% |
MER as of June 30, 2023 (unaudited) | 0.97% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 78 |
Number of Issuers | 78 |
Average Term to Maturity (Years) | 3.6 |
Average Duration (Years) | 2.2 |
Average Coupon (%) | 2.8% |
Yield to Maturity (%) | 5.1% |
Current Yield (%) | 2.9% |
Average Credit Quality2 | AA |
Portfolio Characteristics - Equity
Number of Securities | 35 |
Dividend Yield (%) | 2.1% |
Credit Quality Breakdown
AA & Higher | 66.5% |
A | 17.7% |
BBB | 10.9% |
BB & Lower | 4.4% |
Not Rated | 0.5% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Meta Platforms Inc | 3.1% |
Manulife Financial Corp. | 2.8% |
Cenovus Energy Inc. | 2.8% |
Intel Corporation | 2.4% |
Apple Inc. | 2.3% |
SNC Lavalin | 2.3% |
UniCredit S.p.A | 2.1% |
BT Group PLC | 2.1% |
Spirit Aerosystems Holdings Inc. | 2.1% |
Enbridge Inc. | 2.0% |
Total | 24.0% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Canada 0.75% Feb 1, 2024 | 16.6% | AAA |
Canada 0.25% Mar 01, 2026 | 7.9% | AAA |
Canada RRB 4.25% Dec 1, 2026 | 4.4% | AAA |
Canada 0.5% Dec 01, 2030 | 2.4% | AAA |
Honda Canada Finance Inc. FRN Feb 26, 2024 (Q CDOR+9) | 1.9% | A- |
Merrill Lynch NHA MBS (98004816) FRN (M CDOR-20) Nov 1, 2026 | 1.8% | AAA |
Bank of America Corp FRN Sep 15, 2027 (Q CDOR+60) | 1.7% | A+ |
TD Bank 4.477% Jan 18, 2028 | 1.2% | A+ |
Goldman Sachs FRN Apr 29, 2025 (CDOR+37) | 1.1% | A |
Morgan Stanley FRN Mar 21, 2025 (Q CDOR +33) | 0.9% | A+ |
Total | 39.9% |
Geographic Breakdown
Canada | 70.3% |
USA | 22.7% |
South America | 0.2% |
Europe | 6.8% |
Performance
Inception Date
December 23, 2011
As of Date
August 31, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
-0.5% | 3.3% | 6.3% | 11.6% | 18.7% | 8.8% | 9.2% | 10.5% |
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 | $0.1073 |
12-Month Trailing Distribution Yield | 6.9% |
Next Record Date | September 28, 2023 |
Next Distribution Date | September 29, 2023 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 30, 2023 | March 31, 2023 |
June 29, 2023 | June 30, 2023 |
September 28, 2023 | September 29, 2023 |
December 14, 2023 | December 15, 2023 |
Distributions ($)/Unit3 | YTD* | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.2139 | 1.3427 | 3.5081 | 0.2335 | 0.3572 | 1.4407 | 0.1465 | 0.7799 | 0.9180 | 0.1036 | 0.1173 |
Interest | - | 0.0183 | 0.0061 | 0.0374 | 0.0484 | 0.0136 | - | 0.0005 | - | - | 0.0076 |
Dividends | - | 0.3423 | 0.1915 | 0.2075 | 0.3361 | 0.1956 | 0.1336 | 0.1250 | 0.0265 | 0.1078 | 0.1097 |
Capital Gains | - | 0.9920 | 3.3196 | - | - | 1.2376 | 0.0129 | 0.6553 | 0.8915 | - | - |
Withholding Tax | - | (0.0098) | (0.0091) | (0.0114) | (0.0273) | (0.0062) | - | (0.0009) | - | (0.0042) | - |