PORTFOLIO MANAGEMENT
PERFORMANCE
CALENDAR RETURNS (%) As at 03/31/2024
| YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| 0.6 | 9.3 | -10.0 | -0.5 | 6.3 | 5.3 | — | — | — |
COMPOUND RETURNS (%) As at 03/31/2024
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
|---|---|---|---|---|---|---|---|
| 0.7 | 0.6 | 7.0 | 5.5 | 0.2 | 1.2 | — | 2.1 |
ASSET
ALLOCATION
As at 03/31/2024
| value | holding |
|---|---|
| Corporate Bonds - CDN | |
| Covered Puts | |
| Provincial Govt Bonds - CDN | |
| Federal Govt Bonds - CDN | |
| Foreign Bonds & Debentures | |
| Common Stocks-US | |
| Mutual Funds - Canadian Income | |
| Covered Calls | |
| Mutual Funds - Foreign Income | |
| Canadian - Foreign Pay Bonds | |
| Cash, Short-Term Investments & Other Net Assets | |
| Other |
GEOGRAPHIC
ALLOCATION
As at 03/31/2024
| value | holding |
|---|---|
| Canada | |
| United States | |
| United Kingdom | |
| Continental Europe |
SECTOR
ALLOCATION
As at 03/31/2024
| value | holding |
|---|---|
| Health Care | |
| Consumer Discretionary | |
| Information Technology | |
| Communication Services | |
| Materials | |
| Energy | |
| Industrials | |
| Consumer Staples | |
| Foreign Equity Funds | |
| Corporates | |
| Financials | |
| Other |
TOP EQUITY HOLDINGS (%)
As at 03/31/2024
| Amazon.com, Inc., Long Equities, Covered Puts | 1.0 |
| Meta Platforms, Inc., Class "A", Long Equities, Covered Puts | 1.0 |
| Microsoft Corporation, Long Equities, Covered Calls, Covered Puts | 1.0 |
| Uber Technologies, Inc., Long Equities, Covered Puts | 0.9 |
| Medtronic PLC, Long Equities, Covered Puts | 0.8 |
| UnitedHealth Group Incorporated, Long Equities, Covered Puts | 0.7 |
| ON Semiconductor Corporation, Long Equities, Covered Calls, Covered Puts | 0.7 |
| Take-Two Interactive Software, Inc., Long Equities, Covered Calls, Covered Puts | 0.7 |
| Albemarle Corporation, Covered Puts | 0.7 |
| Avantor, Inc., Covered Puts | 0.6 |
| Total allocation in top holdings | 8.1 |
TOP BOND HOLDINGS (%)
As at 03/31/2024
| Government of Canada, 3.00% Jun. 01 34 | 3.1 |
| Canada Housing Trust, 3.650% Jun. 15 33 | 1.7 |
| Government of Canada, 2.750% Jun. 01 33 | 1.6 |
| Dynamic Short Term Credit PLUS Fund, Series "O" | 1.4 |
| Province of Ontario, 3.650% Jun. 02 33 | 1.3 |
| Scotia Mortgage Income Fund, Series "I" | 1.3 |
| Province of Ontario, 2.65% Dec. 02 50 | 1.2 |
| 1832 AM U.S. $ Investment Grade U.S. Corporate Bond Pool, Series "I" | 1.1 |
| Province of Quebec, 3.10% Dec. 01 51 | 1.0 |
| Government of Canada, 1.00% Sep. 01 26 | 0.8 |
| Total allocation in top holdings | 14.5 |
CREDIT QUALITY
As at 03/31/2024
| col1 | col12 | col3 |
|---|---|---|
| AAA 14.4% | BBB 4.0% | Aa2 0.1% |
| AA 0.9% | BB- 0.1% | NR 5.1% |
| A 2.4% | A2 0.2% |
HISTORICAL DISTRIBUTIONS ($/unit)
| 2024 Mar | Feb | 2024 Jan | Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.0314 | 0.0314 | 0.0314 | 0.0278 | 0.0278 | 0.0278 | 0.0278 | 0.0278 | 0.0278 | 0.0278 | 0.0278 | 0.0278 |
DYNAMIC PREFERRED PRICING
Management fee rates are applied back to dollar one
| Fund Value | % |
|---|---|
| $0K - $250K | 1.300 |
| $250K - $1M | 1.250 |
| $1M - $5M | 1.225 |
| $5M+ | 1.175 |
- 1. For the period ended 2023-06-30.
- 2. This Monthly distribution is fixed but not guaranteed and may be adjusted from time to time at the discretion of the fund manager.
- 3. The yield is determined by annualizing the fixed distribution rate and does not include any distributions in excess of the fixed distribution rate that may be paid at the fundās year-end.
- 4. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this pool is a suitable investment for them.
- . The benchmark used for analytics for this fund is 80% FTSE Canada Universe Bond Index / 10% CBOE S&P 500 BuyWrite Index (C$) / 10% CBOE S&P 500 PutWrite Index (C$).
- . Distributions may consist of net income, dividends, net realized capital gains, and/or return of capital. Distributions are not guaranteed and investors should not confuse a fundās distribution yield with its performance or rate of return.
- . 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.
- . R2 is a measurement out of 100 that shows the extent to which a portfolioās movements can be explained by the benchmark's movements.
- . Standard deviation is a measure of volatility; it shows how broadly the Fund's returns have varied over a given time period.