Portfolio Highstreet Canadian Short Term Bond Fund
Lead Portfolio Manager* David Stonehouse
Benchmark** Bloomberg Barclays Canadian Aggregate 1-5 Year Index

Objective

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

  • A well-diversified fixed income portfolio with the high quality bonds and debentures
  • A focus on capital preservation with an opportunity to generate a moderate rate of return

Process

The Fund utilizes a passive enhanced strategy on the belief that it is not possible to successfully anticipate the direction of interest rates.

The Fund’s investment process is based on employing a disciplined credit quality process and by managing risk exposure. Bonds purchased for this Fund are assessed on the following attributes:

  • Market yield
  • Price risk
  • Credit worthiness

All efforts of the process are directed towards replicating the Benchmark duration and enhancing return by investing an overweight position relative to the Benchmark in corporate and provincial issues and corporate or government debt issued by foreign entities in Canadian dollars.

Performance Overview - Annualized Returns 

QTD % YTD % 1 Year % 3 Year % 5 Year % 10 Year % SPSD %
0.7 5.5 5.5 3.4 2.5 2.7 2.7

Performance as of December 31, 2020. Since Performance Start Date (PSD) - February 8, 2010. 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 1-5 Year Index measures the investment grade, Canadian dollar-denominated, fixed rate, taxable bond market. The index includes treasuries, government-related, and corporate issuers with terms to maturity of 1-5 years.

As of September 1, 2019, the Highstreet Canadian Short Term Bond Fund’s Benchmark changed from the FTSE Canada Short Term Bond Index to the Bloomberg Barclays Canada Aggregate 1-5 Year 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.