| Portfolio | Highstreet Canadian Low Volatility Fund |
| Lead Portfolio Manager* | Grant Wang |
| Benchmark** | S&P/TSX Composite Index |
| Fund Report | March 2024 |
Objective
The investment objectives of the Fund are to provide investors with:
- A long-term rate of return similar or slightly in excess to the benchmark
- Reduced risk with a focus on less volatile equities, calculated on a rolling four-year basis
- Strong downside protection
Process
The Fund follows a disciplined investment approach in accordance with a low volatility strategy.
Stocks, with representation in most market sectors and across all market-cap bands, are selected based on their attributes to minimize portfolio volatility. At the same time, the stocks need to satisfy various constraints so that the Fund maintains higher model ranks based on the stock selection model and maintain a similar industry and size profile to the benchmark. The stocks are re-evaluated regularly to determine their contribution to portfolio volatility. Those stocks increasing portfolio volatility or with lower ranks will be disposed and replaced with stocks decreasing volatility or higher model rank.
Performance Overview - Annualized Returns
| 3 MO % | YTD % | 1 Year % | 3 Year % | 5 Year % | 10 Year % | SPSD % |
|---|---|---|---|---|---|---|
| 6.3 | 6.3 | 10.6 | 8.1 | 8.6 | 8.1 | 8.4 |
Performance as of March 31st, 2024. Since Performance Start Date (PSD) - December 21, 2013. 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 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 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.