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 Securities125
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Yield to Maturity3.6%
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Current Yield2.2%
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Average Duration4.5 Years
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Average Credit Quality2AA
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
November 30, 2024Inception Date | December 23, 2011 |
Currency | CAD |
Fund AUM | $138.8 Million |
NAVPU | $24.12 |
Management Fee | 0.75% |
MER as of June 30, 2024 (unaudited) | 0.93% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 82 |
Number of Issuers | 80 |
Average Term to Maturity (Years) | 6.2 |
Average Duration (Years) | 4.5 |
Average Coupon (%) | 2.3% |
Yield to Maturity (%) | 3.6% |
Current Yield (%) | 2.2% |
Average Credit Quality2 | AA |
Portfolio Characteristics - Equity
Number of Securities | 43 |
Dividend Yield (%) | 1.9% |
Credit Quality Breakdown
AA & Higher | 72.5% |
A | 14.4% |
BBB | 9.4% |
BB & Lower | 3.4% |
Not Rated | 0.3% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Bird Construction Inc. | 2.5% |
Manulife Financial Corp. | 2.5% |
AtkinsRealis Group Inc | 2.0% |
UniCredit S.p.A | 1.7% |
Spirit Aerosystems Holdings Inc. | 1.6% |
MDA Space Ltd | 1.5% |
BCE Inc. | 1.5% |
Delta Airlines Inc. | 1.5% |
BT Group PLC | 1.4% |
Air Canada | 1.4% |
Total | 17.6% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Canada 0.25% Mar 1, 2026 | 15.5% | AAA |
Canada 0.5% Dec 1, 2030 | 13.1% | AAA |
Canada 0.5% Sep 1, 2025 | 5.0% | AAA |
Scotia Capital Inc. NHA MBS (97528147) 3.7% Mar 1, 2029 | 3.5% | AAA |
Canada RRB 4.0% Dec 1, 2031 | 2.3% | AAA |
Union Gas Ltd. 4.2% Jun 2, 2044 | 2.1% | A- |
Toyota Credit Canada Inc 4.33% Jan 24, 2028 | 1.5% | A+ |
TransCanada Pipelines 3.8% Apr 5, 2027 | 1.2% | BBB+ |
AltaLink LP 4.462% Nov 8, 2041 | 1.1% | A- |
Enbridge Inc. 6.51% Nov 9, 2052 | 1.0% | BBB+ |
Total | 46.3% |
Geographic Breakdown
Canada | 79.4% |
USA | 15.9% |
South America | 0.1% |
Europe | 4.6% |
Performance
Inception Date
December 23, 2011
As of Date
November 30, 2024
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
3.1% | 6.6% | 15.7% | 18.7% | 9.6% | 14.0% | 7.9% | 11.0% |
Calendar Year Returns
Awards

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 | $0.0664 |
12-Month Trailing Distribution Yield | 1.1% |
Next Record Date | December 19, 2024 |
Next Distribution Date | December 20, 2024 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 20, 2025 | March 21, 2025 |
June 19, 2025 | June 20, 2025 |
September 18, 2025 | September 19, 2025 |
December 18, 2025 | December 19, 2025 |
Distributions ($)/Unit3 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.2038 | 0.3543 | 1.3427 | 3.5081 | 0.2335 | 0.3572 | 1.4407 | 0.1465 | 0.7799 | 0.9180 | 0.1036 |
Interest | - | 0.0961 | 0.0183 | 0.0061 | 0.0374 | 0.0484 | 0.0136 | - | 0.0005 | - | - |
Dividends | - | 0.2713 | 0.3423 | 0.1915 | 0.2075 | 0.3361 | 0.1956 | 0.1336 | 0.1250 | 0.0265 | 0.1078 |
Capital Gains | - | 0.0000 | 0.9920 | 3.3196 | - | - | 1.2376 | 0.0129 | 0.6553 | 0.8915 | - |
Withholding Tax | - | (0.0131) | (0.0098) | (0.0091) | (0.0114) | (0.0273) | (0.0062) | - | (0.0009) | - | (0.0042) |