Overview

Quick Facts

Daily Price

$9.39
0.20% ($0.02)
April 18, 2019
7-Day Performance 0.31%
Inception date December 23, 2009
CIFSC category Global Fixed Income Balanced
AUM1 $1.60 billion
MER 2.21% (as at 2018/12/31, includes HST)

Investment Highlights

The Fund employs a “go anywhere” approach to give investors broad exposure to a diversified and tactically managed portfolio of yield-oriented asset classes. The Fund's primary objective is to generate income and its secondary objective is long-term capital appreciation. In terms of asset allocation, a neutral position for this fund is 75 per cent fixed income, 25 per cent equities. Tactical asset allocation decisions are made by taking into consideration a broad range of fundamental, market and economic variables.

Why Invest

The fund offers investors an attractive, predictable monthly income stream through a diversified portfolio constructed with primarily fixed income securities featuring allocations to government, investment grade and high yielding fixed income securities from developed and emerging markets, coupled with dividend paying equity securities,

Fund Details

Investment style Value
Distribution frequency2 Monthly
Distribution Yield3 6.38%
Management fee 1.78%
Positions 437
Risk Low
Min. investment $500.00 initial; $25.00 PAC
Sub-advisor Manulife Asset Management Limited
Fund Status Open

Fund Codes (MMF)

Series FE LL DSC
Advisor Series 4524 4724 4424
Series T6 1538 1338 1238

Performance4

Growth of $10,000 since inception

Jump to Range Total return for this timeframe

Compound Returns (%)

1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Inception
1.30 7.48 0.83 7.48 3.43 6.02 3.94 5.67
1 month 1.30
3 months 7.48
6 months 0.83
YTD 7.48
1 year 3.43
3 years 6.02
5 years 3.94
10 years
Inception 5.67

Calendar Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
9.91 -0.70 10.08 11.19 5.81 -1.38 8.61 7.73 -4.94
2009
2010 9.91
2011 -0.70
2012 10.08
2013 11.19
2014 5.81
2015 -1.38
2016 8.61
2017 7.73
2018 -4.94

Portfolio Allocation as of February 28, 2019

Asset Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Fixed income 68.84
Equities 24.07
Cash and equivalents 7.09

Geographic Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

United States 56.72
Canada 33.00
Bermuda 1.39
United Kingdom 1.22
Netherlands 0.91
Ireland 0.87
Luxembourg 0.77
China 0.63
Japan 0.59
South Korea 0.55
Other 3.34

Sector Allocation (Equities) (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Information technology 30.56
Financials 22.92
Industrials 9.39
Real Estate 8.91
Consumer discretionary 8.48
Health care 6.23
Consumer staples 5.66
Energy 3.03
Utilities 2.76
Telecommunication services 2.05

Fixed Income Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

U.S. high yield bonds 32.52
Bank loans 16.17
Canadian investment grade bonds 11.92
Floating rate bank loans 6.09
Canadian high yield bonds 5.59
International corporate bonds 5.48
U.S. investment grade bonds 5.21
Canadian corporate bonds 4.97
U.S. corporate bonds 4.00
Canadian government bonds 3.57
Canadian provincial bonds 2.84
U.S. government bonds 0.81
Securitized 0.30
Convertibles 0.21
International government bonds 0.20
Preferred stocks 0.11

Top 10 Holdings5 (%)

Name Weight %
Federal Home Loan Bank 03/01/2019 DN 5.18
Gov. of Canada, 3.5%, 12/1/2045 1.69
Merit Trust 03/01/2019 DN 0.95
Micron Technology Inc., 4.06%, 4/26/2022 0.88
Brookfield Property Partners L.P. 0.74
Constellation Software Inc. 0.72
Exor N.V. 0.71
Open Text Corporation 0.70
HEICO Corporation 0.69
Brookfield Asset Management Inc. 0.69

Distributions

Effective Date Net Asset Value Income Capital Gain Total Distribution Reinvestment Price
2019/04/18 $9.39
2019/04/17 $9.37
2019/04/16 $9.39
2019/04/15 $9.39
2019/04/12 $9.38
2019/04/11 $9.37
2019/04/10 $9.36
2019/04/09 $9.35
2019/04/08 $9.35
2019/04/05 $9.35
2019/04/04 $9.33
2019/04/03 $9.32
2019/04/02 $9.32
2019/04/01 $9.31
2019/03/29 $9.29 0.0500 0.0500
2019/03/28 $9.33
2019/03/27 $9.32
2019/03/26 $9.31
2019/03/25 $9.29
2019/03/22 $9.29
2019/03/21 $9.31
2019/03/20 $9.28
2019/03/19 $9.28
2019/03/18 $9.29
2019/03/15 $9.27
2019/03/14 $9.24
2019/03/13 $9.25
2019/03/12 $9.24
2019/03/11 $9.22
2019/03/08 $9.20
2019/03/07 $9.21
2019/03/06 $9.23
2019/03/05 $9.23
2019/03/04 $9.23
2019/03/01 $9.23
2019/02/28 $9.22
2019/02/27 $9.22
2019/02/26 $9.23
2019/02/25 $9.21
2019/02/22 $9.21 0.0500 0.0500
2019/02/21 $9.24
2019/02/20 $9.25
2019/02/19 $9.25
2019/02/15 $9.23
2019/02/14 $9.21
2019/02/13 $9.18
2019/02/12 $9.18
2019/02/11 $9.15
2019/02/08 $9.15
2019/02/07 $9.15
2019/02/06 $9.17
2019/02/05 $9.16
2019/02/04 $9.12
2019/02/01 $9.09
2019/01/31 $9.10
2019/01/30 $9.06
2019/01/29 $9.04
2019/01/28 $9.03
2019/01/25 $9.04 0.0500 0.0500
2019/01/24 $9.07
2019/01/23 $9.07
2019/01/22 $9.06
2019/01/21 $9.08
2019/01/18 $9.09
2019/01/17 $9.06
2019/01/16 $9.03
2019/01/15 $9.01
2019/01/14 $9.00
2019/01/11 $9.02
2019/01/10 $9.00
2019/01/09 $9.00
2019/01/08 $8.95
2019/01/07 $8.90
2019/01/04 $8.84
2019/01/03 $8.75
2019/01/02 $8.78
2018/12/31 $8.78
2018/12/28 $8.76
2018/12/27 $8.73
2018/12/24 $8.67
2018/12/21 $8.70 0.0446 0.0054 0.0500
2018/12/20 $8.81
2018/12/19 $8.88
2018/12/18 $8.92
2018/12/17 $8.93
2018/12/14 $8.97
2018/12/13 $9.00
2018/12/12 $9.00
2018/12/11 $8.99
2018/12/10 $8.99
2018/12/07 $9.01
2018/12/06 $9.04
2018/12/05 $9.10
2018/12/04 $9.08
2018/12/03 $9.12
2018/11/30 $9.09 0.0500 0.0500
2018/11/29 $9.14
2018/11/28 $9.14
2018/11/27 $9.09
2018/11/26 $9.09
2018/11/23 $9.08
2018/11/22 $9.07
2018/11/21 $9.09
2018/11/20 $9.05
2018/11/19 $9.11
2018/11/16 $9.15
2018/11/15 $9.16
2018/11/14 $9.18
2018/11/13 $9.20
2018/11/12 $9.21
2018/11/09 $9.24
2018/11/08 $9.25
2018/11/07 $9.26
2018/11/06 $9.24
2018/11/05 $9.22
2018/11/02 $9.21
2018/11/01 $9.23
2018/10/31 $9.21
2018/10/30 $9.18
2018/10/29 $9.17
2018/10/26 $9.19 0.0500 0.0500
2018/10/25 $9.27
2018/10/24 $9.25
2018/10/23 $9.31
2018/10/22 $9.33

Management

Terry Carr
Alan Wicks
Richard Kos
Jonathan Popper
Saurabh Moudgil
Roshan Thiru

Management Fee Reduction6

Account/Household Value Tiers All Qualifying Investments
$250K+ to $499K 2.5 basis points
$500K+ to $999K 5 basis points
$1M+ to $4.9M 7.5 basis points
$5M+ to $9.9M 10 basis points
$10M+ 12.5 basis points