| Portfolio | Highstreet Conservative Balanced Fund |
| Lead Portfolio Manager | Stephen Duench |
| Benchmark* | 20% Bloomberg Canada Aggregate Bond Index / 35% Bloomberg Canada Aggregate 1-5 Year Index / 5% Bloomberg Canada 1-3 Month T-Bill Index, 15% MSCI All Country World Net Return Index / 10% S&P/TSX Composite Total Return Index / 10% S&P 500 Total Return Index and 5% MSCI EAFE Net Return Index |
| Fund Report | May 2025 |
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 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.
The Fund aims to achieve its investment objective by investing in a dynamic mix of the following investments managed by the Manager or a related party: pooled funds, retail mutual funds, ETFs, or non-traditional investment strategies, including underlying investment vehicles, all of which may be selected to respond to market conditions while targeting an overall asset mix of 60% fixed income and 40% equities.
| Highstreet Pooled Fund | Target Allocation |
|---|---|
| Fixed Income | 60% |
| Equity | 40% |
Performance Overview - Annualized Returns
| 3 MO % | YTD % | 1 Year % | 3 Year % | 5 Year % | 10 Year % | SPSD % |
|---|---|---|---|---|---|---|
| 0.6 | 2.5 | 10.8 | 8.4 | 7.1 | 5.5 | 6.0 |
Performance as of May 31, 2025. Since Performance Start Date (PSD) - February 19, 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.
* As of January 1, 2024 the Highstreet Conservative Balanced Fund’s Benchmark changed from 40% Bloomberg Canada Aggregate 1‐5 Year Index/ 25% S&P/TSX Composite Index/ 20% Bloomberg Canada Aggregate Bond Index/ 10% S&P 500 Index/ 5% MSCI EAFE Net Return Index to the 20% Bloomberg Canada Aggregate Bond Index,/ 35% Bloomberg Canada Aggregate 1-5 Year Index, 5% Bloomberg Canada 1-3 Month T-Bill Index/ 15% MSCI All Country World Net Return Index/ 10% S&P/TSX Composite Total Return Index/ 10% S&P 500 Total Return Index / 5% MSCI EAFE Net Return Index. Between September 1, 2019 and October 1, 2012, the Highstreet Conservative Balanced Fund’s benchmark was a blended index of 40% Bloomberg Canada Aggregate 1‐5 Year Index/ 25% S&P/TSX Composite Index/ 20% Bloomberg Canada Aggregate Bond Index/ 10% S&P 500 Index/ 5% MSCI EAFE Net Return Index. In all cases, the benchmark changes were applied from that date forward.
* “Bloomberg®” and Bloomberg Canada Aggregate 1‐5 Year Index and Bloomberg Canada Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by AGF Management Limited and its subsidiaries. Bloomberg is not affiliated with AGF Management Limited or its subsidiaries, and Bloomberg does not approve, endorse, review or recommend Highstreet Conservative Balanced Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness, of any data or information relating to Highstreet Conservative Balanced Fund.
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.