Portfolio Highstreet Balanced Fund
Lead Portfolio Manager* Mark Stacey
Benchmark** 45% Bloomberg Barclays Canada Aggregate Bond Index / 25% S&P/TSX Composite Index / 20% S&P 500 Index / 5% Bloomberg Barclays Canada 1-3 Month T-Bill Index / 5% MSCI EAFE Index

Objective

The investment objectives of the Fund are to provide investors with:

  • An all-in-one portfolio solution
  • Diversification across asset classes with a target asset mix of 60% equities and 40% fixed income
  • The opportunity for long-term capital appreciation

Process

The Fund is comprised of a dynamic mix of Highstreet Pooled Funds, retail mutual funds or ETFs to respond to market conditions.

The Fund follows a disciplined investment approach and utilizes a tactical strategy to evaluate relative opportunities across asset classes in order to preserve capital while seeking a moderate level of growth. The asset allocation is reviewed by the Highstreet Pooled Fund Investment Team* at least quarterly.

 

Highstreet Pooled Fund Target Allocation
Fixed Income 40%
  • Highstreet Canadian Bond Fund
  • 40%
Equity 60%
  • Highstreet Canadian Equity Pooled Funds
  • Highstreet Non-Canadian Equity Pooled Funds
  • 30%
  • 30%

Performance Overview - Annualized Returns 

QTD % YTD % 1 Year % 3 Year % 5 Year % 10 Year % SPSD %
1.67 1.67 23.75 7.95 7.79 7.76 7.31

Performance as of March 31, 2021. Since Performance Start Date (PSD) - October 16, 1998. All information is in Canadian dollars. The performance presented is gross of management fees and administrative (fund) expenses and rates of return for greater than one year have been annualised. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends and distributions. Performance is historical and is not intended to be indicative of future returns.

 

*Effective January 1, 2020, all members of the Highstreet Pooled Funds Investment Team are employees and registrants of AGF Investments Inc., an affiliate of Highstreet Asset Management Inc. Effective April 1, 2020 the Investment Fund Manager, Portfolio Manager and Trustee of the Highstreet Pooled Funds is AGF Investments Inc. The Highstreet Pooled Funds are investment vehicles offered exclusively to clients of Highstreet Asset Management Inc.

**The Bloomberg Barclays Canada Aggregate Index measures the investment grade, Canadian dollar-denominated, fixed rate, taxable bond market. The index includes treasuries, government-related, and corporate issuers. The S&P/TSX Composite Index is a market capitalization weighted index designed to measure market activity of stocks and trusts listed on the Toronto Stock Exchange. The S&P/TSX Composite Index comprises approximately 71% of market capitalization for Canadian-based, Toronto Stock Exchange listed companies. The S&P 500 Index is a market capitalization weighted index of 500 large capitalization stocks. The index is designed to measure performance of the U.S. economy through changes in the aggregate market value of 500 stocks representing all major industries. The MSCI EAFE Net Index is a market capitalization weighted index, net of dividend withholding tax, that measures the equity market performance of developed European, Australasian and Far East countries (the MSCI World Index except Canada and the U.S.). The index covers approximately 85% of the free float-adjusted market capitalization in each country. The Bloomberg Barclays Canada 1-3 Month Treasury Bill Index tracks the market for treasury bills issued by the Canadian government with terms to maturity of 1-3 months.

As of September 1, 2019, the Highstreet Balanced Fund’s Benchmark changed from the 45% FTSE Canada Universe Bond Index/25% S&P/TSX Composite Index/20% S&P 500 Index/5% MSCI EAFE Net Index/5% FTSE Canada 91 Day T-Bill Index to 45% Bloomberg Barclays Canada Aggregate.

The Highstreet Pooled Funds are prospectus-exempt products and are offered on a private placement basis. Units are offered on a continuous basis to investors who meet the definition of an ‘accredited investor’. Units of the funds are offered to residents in provinces and territories of Canada pursuant to exemptions set forth under National Instrument 45-106 from the prospectus requirements. Please read the offering memorandum before investing in Pooled Funds.