Overview

Quick Facts

Daily Price

$10.20
0.07% ($0.01)
December 13, 2018
7-Day Performance -1.01%
Inception date December 23, 2009
CIFSC category Global Fixed Income Balanced
AUM1 $1.52 billion
MER 1.09% (as at 2017/12/31, 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 5.32%
Management fee 0.78%
Positions 449
Risk Low to Medium
Min. investment $500.00 initial; $25.00 PAC
Sub-advisor Manulife Asset Management Limited
Fund Status Open

Fund Codes (MMF)

F FT DCA
4624 1038

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
-0.73 -3.55 -1.34 -1.23 -1.21 5.30 4.84 6.53
1 month -0.73
3 months -3.55
6 months -1.34
YTD -1.23
1 year -1.21
3 years 5.30
5 years 4.84
10 years
Inception 6.53

Calendar Returns (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
11.04 0.39 11.29 12.44 6.97 -0.29 9.82 8.93
2008
2009
2010 11.04
2011 0.39
2012 11.29
2013 12.44
2014 6.97
2015 -0.29
2016 9.82
2017 8.93

Portfolio Allocation as of October 31, 2018

Asset Allocation (%)

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

Fixed income 72.43
Equities 23.52
Cash and equivalents 4.05

Geographic Allocation (%)

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

United States 57.23
Canada 32.03
Bermuda 1.85
Luxembourg 1.40
Netherlands 1.09
United Kingdom 0.97
Japan 0.77
Denmark 0.63
Spain 0.63
South Korea 0.60
Other 2.79

Sector Allocation (Equities) (%)

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

Financials 27.21
Information technology 26.37
Consumer discretionary 11.52
Industrials 8.39
Real Estate 7.49
Health care 6.54
Utilities 4.72
Energy 4.47
Consumer staples 3.01
Telecommunication services 0.27

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 33.76
Bank loans 17.32
Canadian investment grade bonds 11.04
International corporate bonds 5.97
Floating rate bank loans 5.80
Canadian high yield bonds 5.37
U.S. corporate bonds 5.26
U.S. investment grade bonds 4.56
Canadian corporate bonds 3.66
Canadian government bonds 3.14
Canadian provincial bonds 2.64
U.S. government bonds 0.88
Securitized 0.30
International government bonds 0.18
Preferred stocks 0.12

Top 10 Holdings5 (%)

Name Weight %
Gov. of Canada, 3.5%, 12/1/2045 1.63
BANNER TRUST 01NOV18 DN 1.19
Kraft Heinz Foods Company, 7.125%, 8/1/2039 144A 0.85
Prime Security Services Borrower LLC, 9.25%, 5/15/2023 144A 0.79
BWAY Corp., 5.58144%, 4/3/2024 0.77
Sprint Corp., 7.25%, 9/15/2021 0.77
The Charles Schwab Corporation 0.76
Apple Inc. 0.73
Exor N.V. 0.73
Microsoft Corporation 0.72

Distributions

Effective Date Net Asset Value Income Capital Gain Total Distribution Reinvestment Price
2018/12/13 $10.20
2018/12/12 $10.19
2018/12/11 $10.18
2018/12/10 $10.18
2018/12/07 $10.20
2018/12/06 $10.24
2018/12/05 $10.30
2018/12/04 $10.28
2018/12/03 $10.33
2018/11/30 $10.29 0.0500 0.0500
2018/11/29 $10.34
2018/11/28 $10.34
2018/11/27 $10.28
2018/11/26 $10.29
2018/11/23 $10.27
2018/11/22 $10.26
2018/11/21 $10.28
2018/11/20 $10.24
2018/11/19 $10.31
2018/11/16 $10.35
2018/11/15 $10.36
2018/11/14 $10.38
2018/11/13 $10.40
2018/11/12 $10.42
2018/11/09 $10.45
2018/11/08 $10.46
2018/11/07 $10.47
2018/11/06 $10.44
2018/11/05 $10.43
2018/11/02 $10.41
2018/11/01 $10.44
2018/10/31 $10.41
2018/10/30 $10.37
2018/10/29 $10.37
2018/10/26 $10.39 0.0500 0.0500
2018/10/25 $10.48
2018/10/24 $10.45
2018/10/23 $10.51
2018/10/22 $10.54
2018/10/19 $10.55
2018/10/18 $10.55
2018/10/17 $10.59
2018/10/16 $10.60
2018/10/15 $10.54
2018/10/12 $10.55
2018/10/11 $10.51
2018/10/10 $10.54
2018/10/09 $10.62
2018/10/05 $10.65
2018/10/04 $10.68
2018/10/03 $10.72
2018/10/02 $10.73
2018/10/01 $10.74
2018/09/28 $10.75 0.0500 0.0500
2018/09/27 $10.81
2018/09/26 $10.79
2018/09/25 $10.78
2018/09/24 $10.78
2018/09/21 $10.79
2018/09/20 $10.79
2018/09/19 $10.77
2018/09/18 $10.78
2018/09/17 $10.78
2018/09/14 $10.79
2018/09/13 $10.79
2018/09/12 $10.78
2018/09/11 $10.79
2018/09/10 $10.78
2018/09/07 $10.78
2018/09/06 $10.80
2018/09/05 $10.80
2018/09/04 $10.83
2018/08/31 $10.82 0.0500 0.0500
2018/08/30 $10.85
2018/08/29 $10.86
2018/08/28 $10.84
2018/08/27 $10.85
2018/08/24 $10.84
2018/08/23 $10.82
2018/08/22 $10.82
2018/08/21 $10.81
2018/08/20 $10.81
2018/08/17 $10.80
2018/08/16 $10.80
2018/08/15 $10.78
2018/08/14 $10.79
2018/08/13 $10.78
2018/08/10 $10.78
2018/08/09 $10.79
2018/08/08 $10.78
2018/08/07 $10.77
2018/08/03 $10.77
2018/08/02 $10.76
2018/08/01 $10.75
2018/07/31 $10.75
2018/07/30 $10.73
2018/07/27 $10.75 0.0500 0.0500
2018/07/26 $10.83
2018/07/25 $10.82
2018/07/24 $10.82
2018/07/23 $10.82
2018/07/20 $10.82
2018/07/19 $10.84
2018/07/18 $10.84
2018/07/17 $10.82
2018/07/16 $10.81
2018/07/13 $10.82
2018/07/12 $10.81
2018/07/11 $10.77
2018/07/10 $10.79
2018/07/09 $10.78
2018/07/06 $10.75
2018/07/05 $10.74
2018/07/04 $10.72
2018/07/03 $10.72
2018/06/29 $10.73 0.0500 0.0500
2018/06/28 $10.79
2018/06/27 $10.81
2018/06/26 $10.82
2018/06/25 $10.83
2018/06/22 $10.87
2018/06/21 $10.85
2018/06/20 $10.87
2018/06/19 $10.85
2018/06/18 $10.85
2018/06/15 $10.86
2018/06/14 $10.83

Management

Terry Carr
Alan Wicks
Richard Kos
Jonathan Popper
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