| Portfolio | Highstreet Canadian Bond Fund |
| Lead Portfolio Manager* | David Stonehouse |
| Benchmark** | Bloomberg Canadian Aggregate Bond Index |
| Fund Report | March 2024 |
Objective
The investment objectives of the Fund are to provide investors with:
- A 'core-plus’ fixed income solution that provides stability and enhanced yield without materially increasing volatility
- Broad fixed income diversification by sector, region and instrument to reduce interest rate sensitivity
- A secure and consistent income stream
- A long-term rate of return similar or slight in excess to the benchmark
Process
The Fund’s utilizes a 'core-plus’ strategy. The core bond portfolio involves a managed duration approach supplemented by high-quality investment-grade credits that is designed to be conservative and high quality and represents the majority of the Fund’s assets. The alternative portion of the Fund is capped at a maximum 30% weight and is well diversified by additional fixed income asset classes.
Performance Overview - Annualized Returns
| QTD % | YTD % | 1 Year % | 3 Year % | 5 Year % | 10 Year % | SPSD % |
|---|---|---|---|---|---|---|
| -0.3 | -0.3 | 4.0 | -0.8 | 1.8 | 2.9 | 4.6 |
Performance as of March 31st, 2024. 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. As of September 1, 2019, the Highstreet Canadian Bond Fund’s Benchmark changed from the FTSE Canada Universe Bond Index to the Bloomberg Barclays Canada Aggregate Index.
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.