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 Securities121
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Yield to Maturity3.5%
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Current Yield3.5%
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Average Duration6.8 Years
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Average Credit Quality2AA
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
November 30, 2024Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $2.4 Million |
NAVPU | $13.40 |
Management Fee | 0.75% |
MER as of June 30, 2024 (unaudited) | 1.15% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Portfolio Characteristics - Fixed Income
Number of Securities | 48 |
Number of Issuers | 31 |
Average Term to Maturity (Years) | 9.1 |
Average Duration (Years) | 6.8 |
Average Coupon (%) | 3.1% |
Yield to Maturity (%) | 3.5% |
Current Yield (%) | 3.5% |
Average Credit Quality2 | AA |
Portfolio Characteristics - Equity
Number of Securities | 73 |
Dividend Yield (%) | 2.6% |
Credit Quality Breakdown2
AAA | 34.1% |
A | 3.3% |
AA | 1.6% |
AAH | 4.8% |
AAL | 17.4% |
AAM | 15.7% |
AH | 16.7% |
AM | 5.1% |
AL | 1.3% |
Portfolio
Top 10 Holdings (Equity)
Security | % of Fund |
---|---|
Manulife Financial Corp. | 2.1% |
Royal Bank of Canada | 1.9% |
Kla-Tencor Corp. | 1.9% |
Apple Inc. | 1.9% |
IA Financial Corporation | 1.9% |
Applied Materials | 1.9% |
Bank of Nova Scotia | 1.7% |
Alphabet Inc-CL C | 1.6% |
JP Morgan Chase & Co. | 1.5% |
Bank of America Corp. | 1.4% |
Total | 17.8% |
Top 10 Holdings (Fixed Income)
Security | % of Fund | Rating |
---|---|---|
Canada Govt. 5.00% 6/1/2037 | 2.2% | AAA |
Canada 4% Jun 1, 2041 | 1.4% | AAA |
Canada 5.75% Jun 1, 2029 | 1.2% | AAA |
ONT PROV 4.6 02DEC55 | 1.2% | AAm |
CANADA GOVT 3.5 01MAR34 | 1.1% | AAA |
Honda Canada Finance Inc 1.646% Feb 25, 2028 | 1.1% | Ah |
Nova Scotia Prov. 4.40 01Jun42 | 1.0% | Ah |
CANADA HOUSING TRUST 4.25 15MAR34 | 0.9% | AAA |
OPB Fin TR 2.98 25Jan27 | 0.9% | Aah |
BNS 1.4 01Nov27 | 0.8% | AAl |
Total | 11.8% |
Geographic Breakdown
Canada | 57.2% |
USA | 36.1% |
Australia | 0.7% |
Europe | 6.0% |
Performance
Inception Date
December 30, 2014
As of Date
November 30, 2024
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
3.3% | 4.5% | 12.9% | 16.4% | 6.5% | 7.5% | 5.8% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.0455 |
12-Month Trailing Distribution Yield | 2.5% |
Next Record Date | December 30, 2024 |
Next Distribution Date | December 31, 2024 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 20, 2025 | March 21, 2025 |
June 19, 2025 | June 20, 2025 |
September 18, 2025 | September 19, 2025 |
December 30, 2025 | December 31, 2025 |
Distributions ($)/Unit3 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.1386 | 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) |