Overview
-
Asset ClassBalanced
-
CIFSC CategoryGlobal Equity Balanced
-
Risk RatingLow to Medium
-
Number of Securities123
-
Yield to Maturity4.3%
-
Current Yield4.3%
-
Average Duration5.1 Years
-
Average Credit QualityAA
Objectives
The Fund’s objective is to provide 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
Invests in the equity and fixed income securities of global companies with sustainable competitive advantages and durable growth prospects.
Fund Facts
March 31, 2024Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $2.2 Million |
NAVPU | $12.35 |
Management Fee | 0.75% |
MER as of December 31, 2023 | 1.12% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 50 |
Number of Issuers | 35 |
Average Term to Maturity (Years) | 6.4 |
Average Duration (Years) | 5.1 |
Average Coupon (%) | 3.1% |
Yield to Maturity (%) | 4.3% |
Current Yield (%) | 4.3% |
Average Credit Quality2 | AA |
Portfolio Characteristics - Equity
Number of Securities | 73 |
Dividend Yield (%) | 2.8% |
Credit Quality Breakdown
AAA | 32.4% |
AAH | 6.0% |
AAL | 23.8% |
AAM | 8.4% |
AH | 14.1% |
AM | 6.9% |
AL | 8.4% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Kla-Tencor Corp. | 2.3% |
Applied Materials | 2.2% |
Manulife Financial Corp. | 1.7% |
Royal Bank of Canada | 1.6% |
Bank of Nova Scotia | 1.6% |
Alphabet Inc-CL C | 1.5% |
Toronto Dominion Bank | 1.5% |
Apple Inc. | 1.4% |
Visa Inc. | 1.3% |
IA Financial Corporation | 1.2% |
Total | 16.3% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
CANADA GOVT 5.000 01 JUN 37 | 1.4% | AAA |
CANADA GOVT 5.750 JUN 01 29 | 1.2% | AAA |
BMW CANADA INC .99 14JAN25 | 1.1% | Al |
HONDA 1.646 25FEB28 | 1.0% | Ah |
NF 4.15 02JUN33 | 1.0% | Am |
OPB FIN TR 2.98 25JAN27 | 0.9% | Aah |
ONT TCHR FIN 4.15 01NOV29 | 0.8% | AAA |
BNS 1.4 01NOV27 | 0.8% | Aal |
AIMRL 2.712 01JUN29 | 0.8% | AAl |
ONTARIO PROV 1.05 08SEP27 | 0.8% | AAl |
Total | 9.8% |
Geographic Breakdown
Canada | 58.1% |
USA | 34.1% |
Australia | 0.8% |
Germany | 0.9% |
Ireland | 0.5% |
Netherlands | 1.0% |
Switzerland | 1.2% |
United Kingdom | 2.6% |
Other | 0.9% |
Performance
Inception Date
December 30, 2014
As of Date
March 31, 2024
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
1.9% | 3.3% | 3.3% | 8.2% | 6.0% | 7.1% | 5.2% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.0442 |
12-Month Trailing Distribution Yield | 2.6% |
Next Record Date | June 20, 2024 |
Next Distribution Date | June 21, 2024 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 21, 2024 | March 22, 2024 |
June 20, 2024 | June 21, 2024 |
September 19, 2024 | September 20, 2024 |
December 30, 2024 | December 31, 2024 |
Distributions ($)/Unit3 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0442 | 0.3305 | 0.7002 | 0.7956 | 0.1747 | 0.1961 | 0.2021 | 0.1566 | 0.2558 | 0.1632 |
Interest | - | - | 0.0308 | 0.0277 | 0.0427 | - | - | - | - | - |
Dividends | - | 0.1984 | 0.1363 | 0.1335 | 0.1320 | 0.2077 | 0.2114 | 0.1633 | 0.1680 | 0.1288 |
Capital Gains | - | 0.1446 | 0.5330 | 0.6344 | - | - | - | - | 0.0955 | 0.0424 |
Withholding Tax | - | (0.0125) | - | - | - | (0.0116) | (0.0093) | (0.0067) | (0.0077) | (0.0080) |