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: | $42.4 million as of 12/31/2009 |
Additional Information
- Application Form (Lincluden Mutual Fund Dealer Inc. Clients) (PDF)
- Application Form (Registered Plans – non Lincluden Mutual Fund Dealer Inc. Clients) (PDF)
- Applications - Required Disclosures (PDF)
- Dealer – Fund Profile Sheet (PDF)
- Financial Statements – Semi Annual (PDF)
- Financial Statements – Year-End Audited (PDF)
- IRC 2008 Report to Unitholders (PDF)
- Key Features (PDF)
- Know Your Client Information (Lincluden Mutual Fund Dealer Inc. clients) (PDF)
- Management Report of Fund Performance – Annual (PDF)
- Management Report of Fund Performance – Semi Annual (PDF)
- Prospectus (PDF)
- Quarterly Report (includes statement of portfolio investments) (PDF)
- Retirement Income Fund – Declaration of Trust (PDF)
- Retirement Savings Plan – Declaration of Trust (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 | Series O | Series A | Benchmark* |
|---|---|---|---|
| Year to Date | 0.39% | 0.10% | 0.01% |
| 3 Month | 1.46% | 1.02% | 0.56% |
| Annualized Returns | Series O | Series A | Benchmark* |
|---|---|---|---|
| 1 Year | 30.05% | 27.69% | 25.38% |
| 3 Year | 0.92% | N/A | -0.50% |
| 5 Year | 3.91% | N/A | 3.89% |
| 7 Year | 7.51% | N/A | 6.66% |
| Since Inception1 | 7.12% | -0.15% | 2.85% |
*30% S&P/TSX 30% MSCI World 40% DEX-Universe
1Series O units were established in September 2000. Returns in respect to Series O units are presented excluding any investment management fees that may be charged to the investor's account. Series A units were established in July 2007 (returns presented since July 31, 2007). Management fees in respect to Series A units are charged directly to the Series, hence returns are presented net of those fees. Returns for both Series are inclusive of the Fund's operating expenses.
| Cda Housing Trust 3.95 15/12/2011 | 5.5% |
| Cda Housing Trust 4.10 15/12/2018 | 3.8% |
| Prov. of Quebec 4.50 01/12/2018 | 2.1% |
| Bank of Montreal | 1.6% |
| Royal Bank of Canada | 1.6% |
| Suncor Energy Inc. | 1.5% |
| Manulife Financial Corp | 1.5% |
| Cda Housing Trust 4.55 15/12/2012 | 1.5% |
| Toronto Dominion Bank | 1.3% |
| Bk of Mtl Dep Nt 5.45 17/07/2017 | 1.3% |
| Financials | 24.4% |
| Energy | 19.6% |
| Information Tech | 11.3% |
| Industrials | 10.1% |
| Consumer Discretionary | 8.0% |
| Health Care | 7.7% |
| Telecom Services | 7.6% |
| Consumer Staples | 6.6% |
| Materials | 3.6% |
| Utilities | 1.1% |
| ** 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.
