Overview

Quick Facts

Daily Price

$12.77
0.70% ($0.09)
January 18, 2019
7-Day Performance 2.32%
Inception date March 22, 2012
CIFSC category Global Neutral Balanced
AUM1 $2.11 billion
MER 2.27% (as at 2017/12/31, includes HST)

Investment Highlights

In selecting equity securities, the Portfolio Managers utilize a detailed seven step process to identify highly differentiated companies with sustainable competitive advantages with cash flow and returns on invested capital that are expected to consistently exceed their cost of capital.They favour companies with attractive and sustainable secular growth, high barriers to entry and strong management teams with a focus on shareholder value creation.The Portfolio Managers allocate fixed income assets based on analyses of economic factors such as projected international interest rate movements, industry cycles and political trends.

Why Invest

The fund offers investors an attractive, predictable monthly income stream which is acheived through a diversified portfolio of dividend paying U.S. equity securities, as well as global high yielding fixed income securities from developed and emerging markets.

Fund Details

Investment style Value
Distribution frequency2 Monthly
Distribution Yield3 2.96%
Management fee 1.84%
Positions 539
Risk Low to Medium
Min. investment $500.00 initial; $25.00 PAC
Sub-advisor Manulife Asset Management (US) LLC
Fund Status Open

Fund Codes (MMF)

Series FE LL DSC
Advisor Series 4530 4730 4430
Series T6 9580 9780 9480

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
-6.18 -10.38 -8.87 -10.29 -10.29 2.45 5.17 7.51
1 month -6.18
3 months -10.38
6 months -8.87
YTD -10.29
1 year -10.29
3 years 2.45
5 years 5.17
10 years
Inception 7.51

Calendar Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
20.56 13.16 5.73 9.47 9.50 -10.29
2009
2010
2011
2012
2013 20.56
2014 13.16
2015 5.73
2016 9.47
2017 9.50
2018 -10.29

Portfolio Allocation as of November 30, 2018

Asset Allocation (%)

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

Equities 54.43
Fixed income 41.55
Cash and equivalents 4.01

Geographic Allocation (%)

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

United States 73.81
Canada 3.93
Ireland 2.88
Mexico 2.26
United Kingdom 1.77
Indonesia 1.71
Belgium 1.47
Netherlands 1.44
Australia 1.02
Germany 0.93
Other 8.80

Sector Allocation (Equities) (%)

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

Financials 28.41
Information technology 16.61
Consumer discretionary 14.03
Energy 10.67
Health care 9.09
Industrials 7.83
Consumer staples 7.28
Real Estate 3.68
Telecommunication services 1.43
Utilities 0.98

Fixed Income Allocation (%)

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

International government bonds 22.15
U.S. high yield bonds 18.73
U.S. investment grade bonds 11.86
International corporate bonds 11.70
Bank loans 10.61
Mortgage-backed securities 8.54
Floating rate bank loans 4.61
Convertibles 1.97
Asset-backed securities 1.77
U.S. corporate bonds 1.73
Preferred stocks 1.31
Canadian provincial bonds 1.16
Canadian government bonds 1.11
Securitized 0.89
Canadian high yield bonds 0.73
Canadian investment grade bonds 0.45
Canadian agency bonds 0.36
Canadian corporate bonds 0.33

Top 10 Holdings5 (%)

Name Weight %
Microsoft Corporation 3.52
Citigroup Inc. 3.08
Lennar Corporation 2.64
Apple Inc. 2.38
Bank of America Corporation 2.36
Allergan plc 2.11
The Goldman Sachs Group, Inc. 2.03
American Tower Corporation (REIT) REIT 1.97
Kinder Morgan, Inc. 1.94
Wells Fargo & Company 1.78

Distributions

Effective Date Net Asset Value Income Capital Gain Total Distribution Reinvestment Price
2019/01/18 $12.77
2019/01/17 $12.68
2019/01/16 $12.62
2019/01/15 $12.55
2019/01/14 $12.49
2019/01/11 $12.51
2019/01/10 $12.48
2019/01/09 $12.46
2019/01/08 $12.39
2019/01/07 $12.31
2019/01/04 $12.25
2019/01/03 $12.00
2019/01/02 $12.12
2018/12/31 $12.07
2018/12/28 $12.02
2018/12/27 $12.03
2018/12/24 $11.71
2018/12/21 $11.87 0.0330 0.0330
2018/12/20 $12.07
2018/12/19 $12.17
2018/12/18 $12.26
2018/12/17 $12.26
2018/12/14 $12.36
2018/12/13 $12.49
2018/12/12 $12.50
2018/12/11 $12.46
2018/12/10 $12.49
2018/12/07 $12.55
2018/12/06 $12.69
2018/12/05 $12.76
2018/12/04 $12.74
2018/12/03 $13.00
2018/11/30 $12.91 0.0330 0.0330
2018/11/29 $12.91
2018/11/28 $12.95
2018/11/27 $12.79
2018/11/26 $12.79
2018/11/23 $12.69
2018/11/22 $12.71
2018/11/21 $12.75
2018/11/20 $12.69
2018/11/19 $12.85
2018/11/16 $12.93
2018/11/15 $12.90
2018/11/14 $12.85
2018/11/13 $12.90
2018/11/12 $12.90
2018/11/09 $13.05
2018/11/08 $13.15
2018/11/07 $13.18
2018/11/06 $13.06
2018/11/05 $13.03
2018/11/02 $12.99
2018/11/01 $13.02
2018/10/31 $12.97
2018/10/30 $12.91
2018/10/29 $12.87
2018/10/26 $12.90 0.0330 0.0330
2018/10/25 $13.02
2018/10/24 $12.92
2018/10/23 $13.16
2018/10/22 $13.21
2018/10/19 $13.31
2018/10/18 $13.28
2018/10/17 $13.37
2018/10/16 $13.35
2018/10/15 $13.21
2018/10/12 $13.26
2018/10/11 $13.19
2018/10/10 $13.35
2018/10/09 $13.59
2018/10/05 $13.58
2018/10/04 $13.62
2018/10/03 $13.66
2018/10/02 $13.63
2018/10/01 $13.63
2018/09/28 $13.58 0.0330 0.0330
2018/09/27 $13.67
2018/09/26 $13.65
2018/09/25 $13.69
2018/09/24 $13.72
2018/09/21 $13.79
2018/09/20 $13.81
2018/09/19 $13.77
2018/09/18 $13.72
2018/09/17 $13.67
2018/09/14 $13.72
2018/09/13 $13.71
2018/09/12 $13.67
2018/09/11 $13.68
2018/09/10 $13.67
2018/09/07 $13.66
2018/09/06 $13.68
2018/09/05 $13.73
2018/09/04 $13.75
2018/08/31 $13.78 0.0330 0.0330
2018/08/30 $13.81
2018/08/29 $13.86
2018/08/28 $13.82
2018/08/27 $13.82
2018/08/24 $13.74
2018/08/23 $13.72
2018/08/22 $13.75
2018/08/21 $13.76
2018/08/20 $13.73
2018/08/17 $13.70
2018/08/16 $13.67
2018/08/15 $13.59
2018/08/14 $13.67
2018/08/13 $13.62
2018/08/10 $13.70
2018/08/09 $13.78
2018/08/08 $13.80
2018/08/07 $13.81
2018/08/03 $13.76
2018/08/02 $13.72
2018/08/01 $13.70
2018/07/31 $13.70
2018/07/30 $13.67
2018/07/27 $13.67 0.0330 0.0330
2018/07/26 $13.72
2018/07/25 $13.73
2018/07/24 $13.70
2018/07/23 $13.67
2018/07/20 $13.63

Management

Sandy Sanders
Michael Mattioli
Daniel S. Janis III
Thomas C. Goggins

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