The Fund seeks to provide a steady flow of income by investing primarily in Canadian government and corporate fixed-income instruments and asset-backed securities with maturities of more than one year.
Is this fund right for you?
- You want to protect your money from inflation while also protecting it from large swings in the market.
- You want to invest in government and corporate bonds, as well as other debt securities issued in Canada and around the world.
- You're comfortable with a low level of risk.
Risk Rating
How is the fund invested?
(as of December 31, 2023)
Asset allocation (%)
|
Name |
Percent |
|
Domestic Bonds |
77.4 |
|
Cash and Equivalents |
14.9 |
|
Foreign Bonds |
7.6 |
|
Canadian Equity |
0.1 |
Geographic allocation (%)
|
Name |
Percent |
|
Canada |
89.5 |
|
United States |
10.3 |
|
Brazil |
0.3 |
|
Europe |
0.1 |
|
Other |
-0.2 |
Sector allocation (%)
|
Name |
Percent |
|
Fixed Income |
84.8 |
|
Cash and Cash Equivalent |
14.9 |
|
Financial Services |
0.3 |
Growth of $10,000
(since inception)
Data not available based on date of inception
Fund details
(as of December 31, 2023)
Top holdings |
% |
Cash and Cash Equivalents |
7.3 |
Canada Government 2.75% 01-Jun-2033 |
6.0 |
Ontario Province 3.65% 02-Jun-2033 |
5.8 |
Quebec Province 3.60% 01-Sep-2033 |
4.7 |
Quebec Province 4.40% 01-Dec-2055 |
3.5 |
United States Treasury 0.50% 15-Apr-2024 |
2.5 |
Ontario Province 4.15% 02-Dec-2054 |
2.3 |
Alberta Province 3.10% 01-Jun-2050 |
2.2 |
Royal Bank of Canada 2.61% 01-Nov-2024 |
0.9 |
Canada Government 1.75% 01-Dec-2053 |
0.9 |
Total allocation in top holdings |
36.1 |
Portfolio characteristics |
|
Standard deviation |
6.3% |
Yield to maturity |
4.6% |
Duration (years) |
8.1 |
Coupon |
3.6% |
Average credit rating |
A+ |
Understanding returns
Annual compound returns (%)
1 MO |
3 MO |
YTD |
1 YR |
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3 YR |
5 YR |
10 YR |
INCEPTION |
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Calendar year returns (%)
2023 |
2022 |
2021 |
2020 |
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2019 |
2018 |
2017 |
2016 |
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Range of returns over five years
(November 1, 2018 - February 29, 2024)
Best return |
Best period end date |
Worst return |
Worst period end date |
0.4% |
Dec. 2023 |
-0.5% |
Oct. 2023 |
Average return |
% of periods with positive returns |
Number of positive periods |
Number of negative periods |
-0.1% |
20.0% |
1 |
4 |