balanced fund
| Asset Class/Style | Canadian Balanced / Value | Fund Unit Values | View on www.globefund.com |
| Fund Inception Date: | 09/30/2000 | Total Fund Assets: | $49.4 million as of 3/31/2008 |
Additional Information
- Applications - Forms (PDF)
- Applications - Registered Plans (PDF)
- Applications - Required Disclosures (PDF)
- Financial Statements – Semi Annual (PDF)
- Financial Statements – Year-End Audited (PDF)
- IRC 2007 Report to Unitholders (PDF)
- Key Features (PDF)
- Management Report of Fund Performance – Annual (PDF)
- Management Report of Fund Performance – Semi Annual (PDF)
- Prospectus (PDF)
- Quarterly Report (Includes summary of investment portfolio) (PDF)
- Tax Receipt Mailing Schedule (PDF)
Overview
The investment objective of the Fund is to generate both capital appreciation (growth) and income, while maintaining a relatively low level of risk. To achieve its objectives, the Fund invests in a diverse portfolio of stocks, government and corporate bonds, and short-term instruments such as Government of Canada treasury bills.
| Total Returns | Fund | Benchmark* |
|---|---|---|
| Year to Date | -0.93% | -1.10% |
| 3 Month | -0.93% | -1.10% |
| Annualized Returns | Fund | Benchmark* |
|---|---|---|
| 1 Year | -3.53% | 0.32% |
| 3 Year | 4.95% | 7.70% |
| 5 Year | 9.74% | 10.23% |
| 7 Year | 7.88% | 6.05% |
| Since Inception 09/30/2000 | 8.08% | 3.91% |
*35% S&P/TSX
25% MSCI World
40% Scotia Capital - Universe
| Cda Housing Trust 4.55 12/15/2012 | 4.5% |
| Cda Govt 4.00 06/01/2017 | 4.3% |
| Cda Housing Trust 4.05 03/15/2011 | 2.9% |
| Prov. of Quebec 4.50 12/01/2018 | 1.9% |
| Cda Govt 5.75 05/01/2033 | 1.7% |
| Toronto Dominion Bank | 1.5% |
| Talisman Energy | 1.5% |
| Prov. of Ontario 4.70 06/02/2037 | 1.4% |
| Cda Housing Trust 3.75 03/15/2010 | 1.3% |
| Manulife Financial Corp | 1.3% |
| Financials | 27.3% |
| Energy | 17.1% |
| Consumer Discretionary | 13.9% |
| Health Care | 9.1% |
| Telecommunications | 8.4% |
| Information Technology | 7.6% |
| Industrials | 7.5% |
| Materials | 5.8% |
| Consumer Staples | 3.4% |
| ** total equities | |
Investment Process
The portfolio construction process for balanced portfolios incorporates the development of a tactical asset allocation policy by the investment team that reflects the relative valuation of the component asset classes.
Our asset class valuation methodology factors in the long-term earnings power of corporations and the level of long-term interest rates. This top-down determination may be adjusted to reflect the input of the asset class specialists with respect to their analyses of values from a bottom-up perspective. The process is not designed to generate frequent changes in asset mix policy but rather to indicate when asset classes are significantly mispriced.
The structuring of the equity component of the Fund is the responsibility of a team of portfolio managers, each of whom has assigned global sector responsibilities. Their focus is on identifying mispriced securities through independent fundamental research supported by proprietary valuation models.
The fixed income team collaborates on the development of duration and sector allocation policy. Each team member is accountable for specific value-added strategies which combined support those primary policies.
