Overview
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Asset ClassBalanced
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CategoryGlobal Equity Balanced
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Risk RatingLow to Medium
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Number of Securities105
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Yield to Maturity4.2%
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Current Yield4.2%
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Average Duration5.6 Years
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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
December 31, 2022Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $2.0 Million |
NAVPU | $11.64 |
Management Fee | 1.50% |
MER as of June 30, 2022 (unaudited) | 2.00% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 39 |
Number of Issuers | 30 |
Average Term to Maturity (Years) | 7.0 |
Average Duration (Years) | 5.6 |
Average Coupon (%) | 2.5% |
Yield to Maturity (%) | 4.2% |
Current Yield (%) | 4.2% |
Average Credit Quality2 | AA |
Portfolio Characteristics - Equity
Number of Securities | 66 |
Dividend Yield (%) | 3.2% |
Credit Quality Breakdown
AAA | 24.6% |
AAH | 5.4% |
AAL | 28.9% |
AAM | 11.3% |
AH | 18.7% |
AM | 8.3% |
AL | 2.9% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Kla-Tencor Corp. | 1.8% |
Royal Bank of Canada | 1.6% |
IA Financial Corporation | 1.6% |
Toronto Dominion Bank | 1.5% |
Stella-Jones Inc | 1.3% |
Manulife Financial Corp. | 1.3% |
Bank of Nova Scotia | 1.3% |
Novartis AG ADR | 1.2% |
Applied Materials | 1.2% |
Biogen Nc | 1.2% |
Total | 14.0% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
BMW CANADA INC .99 14JAN25 | 1.2% | Al |
HONDA 1.646 25FEB28 | 1.1% | Ah |
ONTARIO PROV 1.05 08SEP27 | 1.0% | AAl |
OPB FIN TR 2.98 25JAN27 | 1.0% | AAA |
CANHOU TR FRN 15MAR23 | 0.9% | AAh |
CDA HSG TR 1.1 15MAR31 | 0.9% | AAA |
BNS 1.4 01NOV27 | 0.9% | AAl |
BAC FRN 16MAR26 | 0.8% | AAl |
AIMRL 2.712 01JUN29 | 0.8% | AAl |
CDP FINANCIAL 1.5 19OCT26 | 0.8% | AAA |
Total | 9.4% |
Geographic Breakdown
Canada | 63.3% |
USA | 27.0% |
Australia | 1.0% |
Germany | 1.4% |
Switzerland | 1.2% |
United Kingdom | 3.1% |
Other | 3.0% |
Performance
Inception Date
December 30, 2014
As of Date
December 31, 2022
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
-2.6% | 4.7% | -6.4% | -6.4% | 4.4% | 3.7% | 3.6% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.6919 |
12-Month Trailing Distribution Yield | 6.5% |
Next Record Date | March 30, 2023 |
Next Distribution Date | March 31, 2023 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 24, 2022 | March 25, 2022 |
June 23, 2022 | June 24, 2022 |
September 29, 2022 | September 30, 2022 |
December 29, 2022 | December 30, 2022 |
Distributions ($)/Unit3 | YTD* | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|
Total Distributions | 0.7605 | 0.1627 | 0.0516 | 0.0782 | 0.1170 | 0.0994 | 0.1486 | 0.1052 |
Interest | - | 0.0057 | 0.0126 | - | - | - | - | - |
Dividends | - | 0.0273 | 0.0390 | 0.0828 | 0.1224 | 0.1036 | 0.0976 | 0.0830 |
Capital Gains | - | 0.1297 | - | - | - | - | 0.0555 | 0.0274 |
Withholding Tax | - | - | - | (0.0046) | (0.0054) | (0.0042) | (0.0045) | (0.0052) |