Romas Budd and his team use a combination of investment strategies emphasizing fundamental and technical analytical techniques with the objective of generating risk adjusted total returns through both interest income and capital gains. The manager will develop a 1 – 3 month view on interest rates and the shape of the yield curve and position the portfolio accordingly. Using an actively managed diversified portfolio of primarily fixed income securities the manager will then tactically trade around positions to seek additional growth through capital gains in the bond market. The Pool also has the ability to hedge both interest rate risk and credit risk to significantly lower volatility. Strategies to mitigate risk include active security selection, sector diversification, yield curve and duration management and portfolio diversification around interest rate volatility.

YTD 2019 2018 2017
6.6 2.1 2.6
1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Incep
0.2 2.6 5.1 9.2 3.1 - - 3.5
As at 06/30/19
As at 06/30/19
As at 06/30/19 As at 12/31/18
As at 06/30/19
Government of Canada, 2.25% Jun. 01 29 23.7
Government of Canada, 5.75% Jun. 01 33 8.6
Canada Housing Trust, 2.65% Dec. 15 28 6.0
Canada Housing Trust, 2.10% Sep. 15 29 5.1
United States Treasury, 2.625% Feb. 15 29 4.3
Government of Canada, 2.75% Dec. 01 48 3.4
Canadian Imperial Bank of Commerce, 2.30% Jul. 11 22 1.9
Bank of Montreal, 2.89% Jun. 20 23 1.8
Government of Canada, 2.75% Dec. 01 64 1.8
Toronto-Dominion Bank (The), 3.005% May 30 23 1.8
Total allocation in top holdings 58.4
As at 06/30/19
AAA 57.7% A 10.9% B-N/R 0.9%
AA 15.7% BBB 10.1% BB 0.0%
Jun May Apr Mar Feb Jan 2018
Nov Oct Sep Aug
0.0288 0.0288 0.0288 0.0288 0.0288 0.0288 0.0288 0.0288 0.0288 0.0288 0.0288 0.0288
Management fee rates are applied back to dollar one
Fund Value %
$0K - $250K 0.500
$250K - $1MM 0.450
$1MM - $5MM 0.425
$5MM + 0.375

1. This monthly distribution is fixed but not guaranteed and may be adjusted from time to time at the discretion of the fund manager.

2 MER For the period ended June 30, 2018.

3. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this pool is a suitable investment for them.


Commissions, trailing commissions, management fees and expenses all may be associated with investments in pools. Please read the prospectus before investing.

The indicated rates of return are the historical annual compounded total returns including changes in units [share] value and reinvestment of all distributions [dividends] and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the pool or returns on investment in the pool. Investments in pools are not guaranteed, their values change frequently and past performance may not be repeated.

Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.

Dynamic Fund Profile rendered at 2019-08-18 10:52:16 AM


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