Overview
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Asset ClassBalanced
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CIFSC CategoryGlobal Equity Balanced
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Risk RatingLow to Medium
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Number of Securities109
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Yield to Maturity4.0%
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Current Yield4.0%
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Average Duration5.5 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
April 30, 2023Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $2.2 Million |
NAVPU | $12.30 |
Management Fee | 1.50% |
MER as of December 31, 2022 | 1.99% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 42 |
Number of Issuers | 31 |
Average Term to Maturity (Years) | 6.8 |
Average Duration (Years) | 5.5 |
Average Coupon (%) | 2.6% |
Yield to Maturity (%) | 4.0% |
Current Yield (%) | 4.0% |
Average Credit Quality2 | AA |
Portfolio Characteristics - Equity
Number of Securities | 67 |
Dividend Yield (%) | 2.8% |
Credit Quality Breakdown
AAA | 28.4% |
AAH | 5.1% |
AAL | 27.4% |
AAM | 10.8% |
AH | 17.8% |
AM | 2.7% |
AL | 7.8% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Kla-Tencor Corp. | 1.7% |
Royal Bank of Canada | 1.6% |
ATS Corporation | 1.5% |
Apple Inc. | 1.4% |
IA Financial Corporation | 1.4% |
Manulife Financial Corp. | 1.4% |
Toronto Dominion Bank | 1.3% |
Applied Materials | 1.3% |
Novartis AG ADR | 1.3% |
Sap Adr | 1.3% |
Total | 14.3% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
BMW CANADA INC .99 14JAN25 | 1.1% | Al |
HONDA 1.646 25FEB28 | 1.1% | Ah |
ONTARIO PROV 1.05 08SEP27 | 0.9% | AAl |
OPB FIN TR 2.98 25JAN27 | 0.9% | AAh |
CDA HSG TR 1.1 15MAR31 | 0.9% | AAA |
ONT TCHR FIN 4.15 01NOV29 | 0.9% | AAA |
BNS 1.4 01NOV27 | 0.8% | AAl |
AIMRL 2.712 01JUN29 | 0.8% | AAl |
CANADA GOVT 4.000 JUN 01 41 | 0.8% | AAl |
BAC FRN 16MAR26 | 0.8% | AAA |
Total | 9.0% |
Geographic Breakdown
Canada | 43.7% |
USA | 39.8% |
Australia | 1.1% |
Germany | 1.5% |
Switzerland | 1.7% |
United Kingdom | 4.2% |
Other | 8.0% |
Performance
Inception Date
December 30, 2014
As of Date
April 30, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
1.8% | 1.6% | 5.8% | 4.7% | 9.1% | 5.4% | 4.2% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.0240 |
12-Month Trailing Distribution Yield | 5.8% |
Next Record Date | June 29, 2023 |
Next Distribution Date | June 30, 2023 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 30, 2023 | March 31, 2023 |
June 29, 2023 | June 30, 2023 |
September 28, 2023 | September 29, 2023 |
December 28, 2023 | December 29, 2023 |
Distributions ($)/Unit3 | YTD* | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0240 | 0.7605 | 0.1627 | 0.0516 | 0.0782 | 0.1170 | 0.0994 | 0.1486 | 0.1052 |
Interest | - | 0.0335 | 0.0057 | 0.0126 | - | - | - | - | - |
Dividends | - | 0.1481 | 0.0273 | 0.0390 | 0.0828 | 0.1224 | 0.1036 | 0.0976 | 0.0830 |
Capital Gains | - | 0.5789 | 0.1297 | - | - | - | - | 0.0555 | 0.0274 |
Withholding Tax | - | - | - | - | (0.0046) | (0.0054) | (0.0042) | (0.0045) | (0.0052) |