| Top 10 Holdings |
% of Fund |
| |
| BNS B/A 05JUN08
| 11.7% |
| ONT PROV 4.3% 08MAR17
| 9.8% |
| CDA HOUSING TR 4.55% 15DEC12
| 12.7% |
| Cash
| 5.5% |
| Encana Corp.
| 3.6% |
| Manulife Financial Corp.
| 3.5% |
| Suncor Energy Inc.
| 3.2% |
| Toronto-Dominion Bank
| 2.9% |
| Enbridge Inc.
| 2.6% |
| Bank of Nova Scotia
| 2.6% |
|
Download full PDF 
*Benchmark: TSX/S&P 60 Index
**Performance excludes management fees. Past performance is no guarantee of future performance and as with all equity investing, capital can be lost. |
|
|
The primary objective of the Independence Canadian Balanced Portfolio is to provide long-term conservative growth by investing only in the highest quality blue chip stocks and bonds.
Portfolio Objective
- Provide an asset allocation approach to investing offering conservative long-term growth relative to the market with lower than average risk.
Portfolio Composition
- Equity portfolio holdings are limited to Nick Majendie's 60 blue chip company universe with maximum weightings in any one stock of approximately 5%.
- In projected market downturns, investments can be confined to high-dividend yielding common stocks, income trusts, cash up to 50%, and Reverse Participation Notes up to 30%.
Portfolio Management
- The portfolio will be managed with a minimum/maximum for both bonds and stocks of 30/70. Cash can be from 0-50% of the portfolio.
- The maturity structure of the bonds will run between one year and ten years, with a strong and constant consideration for capital preservation.
- Money market instruments will be either Government of Canada Treasury Bills or Bankers Acceptances.
Performance
- The Independence Canadian Balanced Portfolio has a total return of 117.8%** from inception of January 2000 to May 31, 2008. It has outperformed the benchmark by 23.0%
|
|