Overview
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Asset ClassBalanced
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CIFSC CategoryGlobal Neutral Balanced
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Risk RatingLow to Medium
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Number of Securities83
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Yield to Maturity5.7%
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Current Yield3.4%
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Average Duration1.3 Years
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Average Credit QualityA+
Objectives
The Fund’s objective is to generate returns consisting of income and capital gains by investing primarily in a portfolio of fixed income securities and equities of companies anywhere in the world.
Investment Focus
Invests in equity and fixed income securities in a conservative fashion with an aim of producing a more stable return pattern than a typical balanced fund.
Fund Facts
July 31, 2023Inception Date | December 31, 2015 |
Currency | CAD |
Fund AUM | $4.2 Million |
NAVPU | $11.61 |
Management Fee | 1.50% |
MER as of June 30, 2023 (unaudited) | 2.06% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 64 |
Number of Issuers | 41 |
Average Term to Maturity (Years) | 3.0 |
Average Duration (Years) | 1.3 |
Average Coupon (%) | 2.2% |
Yield to Maturity (%) | 5.7% |
Current Yield (%) | 3.4% |
Average Credit Quality2 | A+ |
Portfolio Characteristics - Equity
Number of Securities | 19 |
Dividend Yield (%) | 5.6% |
Credit Quality Breakdown
AA & Higher | 55.0% |
A | 17.6% |
BBB | 6.9% |
BB & Lower | 19.0% |
Not Rated | 1.5% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Sun Life Financial Inc. | 4.2% |
Manulife Financial Corp. | 3.9% |
Enbridge Inc. | 3.6% |
BCE Inc. | 3.6% |
TC Energy Corporation | 3.5% |
TC Energy Corp (TRP.PR.F) | 1.7% |
Uni-Select Inc. | 1.4% |
Sun Life Financial Inc. (SLF.PR.K) | 1.2% |
BCE Inc. (BCE.PR.Q) | 1.2% |
Loblaws | 1.1% |
Total | 25.4% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Canada 0.25% Aug 1, 2023 | 15.9% | AAA |
Canada 0.5% Nov 1, 2023 | 3.9% | AAA |
Air Canada 4.625% Aug 15, 2029 | 3.0% | BB |
Canada 0.75% Feb 1, 2024 | 2.5% | AAA |
TD Bank 4.477% Jan 18, 2028 | 2.5% | A+ |
Goldman Sachs FRN Apr 29, 2025 (CDOR+37) | 2.3% | A |
GE Capital Corp FRN May 5, 2026 (Q LIBOR+38)(USD) | 2.0% | BBB+ |
UBS Group AG 4.194% Apr 1, 2030/31 144A (USD) | 1.7% | A- |
Canada 0.25% Apr 1, 2024 | 1.6% | AAA |
BNS FRN Aug 4, 2026 (CORRA+54) | 1.4% | A |
Total | 36.8% |
Geographic Breakdown
Canada | 77.6% |
USA | 15.7% |
Australia | 0.9% |
South America | 0.1% |
Europe | 4.7% |
Asia | 1.1% |
Performance
Inception Date
December 31, 2015
As of Date
July 31, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
-0.1% | -1.4% | 1.9% | 6.4% | 6.7% | 3.7% | 3.9% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.0542 |
12-Month Trailing Distribution Yield | 5.7% |
Next Record Date | September 28, 2023 |
Next Distribution Date | September 29, 2023 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 21, 2024 | March 22, 2024 |
June 20, 2024 | June 21, 2024 |
September 19, 2024 | September 20, 2024 |
December 30, 2024 | December 31, 2024 |
Distributions ($)/Unit3 | YTD* | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0999 | 0.6026 | 0.0942 | 0.1689 | 0.1164 | 0.1657 | 0.1142 | 0.2313 |
Interest | - | 0.0636 | 0.0189 | 0.0226 | - | - | - | 0.0006 |
Dividends | - | 0.0714 | 0.0793 | 0.1537 | 0.1226 | 0.1725 | 0.1171 | 0.2428 |
Capital Gains | - | 0.4688 | - | - | - | - | - | - |
Withholding Tax | - | (0.0012) | (0.0040) | (0.0073) | (0.0062) | (0.0068) | (0.0029) | (0.0121) |