We take a conservative and disciplined approach to fixed income. We believe that consistent outperformance can best be delivered through a diversified set of independent views. Relative value is the cornerstone of our research-driven approach with significant time allocated to proprietary credit, economic and risk analytics. The overall goal of this process is to deliver relatively stable risk-adjusted returns through various economic and investing cycles.
As a critical part of this strategy, we impose a disciplined risk budgeting approach to add value through a combination of strategies including duration, yield curve management, security selection, and strategic allocation.
Money Market Fund
Seeks to provide a rate of return for short-term investments, while preserving the value of the investment with a high degree of liquidity. Typical investments in the Fund would be Government of Canada and Provincial Treasury Bills, Banker’s Acceptances, and Corporate Paper. The fund is also offered in a USD version.
Short Term Income Fund
Seeks to provide investors with enhanced returns for short-term investments while preserving capital. The fund primarily invests in cash, short-term notes, banker’s acceptances, treasury bills, corporate paper, and similar instruments.
Core Bond Fund
Seeks to provide a stable and attractive total return through investment in investment-grade fixed income securities. The primary return objective is to achieve, over moving four-year periods, the annualized total return of the FTSE Canada Universe Bond Index plus 0.35%.
Core Active Bond Fund
Aims to deliver a stable and attractive total return by investing in domestic and foreign investment-grade fixed income securities. The fund targets an annualized total return exceeding the FTSE Canada Universe Bond Index by 0.6% over rolling four-year periods.
Carbon Constrained Bond Fund
To provide investors with a moderate level of income and the opportunity for capital appreciation by investing in a portfolio of fixed income securities issued by both Canadian and international issuers, while excluding companies with significant activity in fossil fuel industries. The primary return objective is to achieve, over moving four-year periods, the annualized total return of the FTSE Canada Universe Bond Index plus 0.60%.
Core Plus Bond Fund
Designed to offer investors moderate income and capital appreciation through a portfolio of primarily investment-grade fixed income securities from Canadian, US, and international corporations. The fund allows up to 25% in non-investment grade securities and aims to exceed the FTSE Canada Universe Bond Index by 1.0% annually over rolling four-year periods.
Long Plus Bond Fund
Aims to deliver a stable and attractive total return through investments in long-term fixed income securities. The fund targets an annualized total return exceeding the FTSE Canada Long Term Bond Index by 0.75% over rolling four-year periods.
Corporate Bond Fund
Seeks to provide investors with a stable monthly income while preserving capital. The fund primarily invests in Canadian fixed income corporate bonds with short- and medium-term maturities with some potential exposure to preferred shares and foreign securities.
Corporate Advantage Bond Fund
Designed to provide a relatively stable and tax-aware monthly income for investors. The fund invests in a diversified mix of Canadian and foreign fixed-income securities, primarily in corporate bonds with some exposure to preferred shares, high-yield bonds, loans, convertible debt, and guaranteed mortgages.
Multi Credit Fund
Aims to generate interest income with potential long-term capital growth. The fund primarily invests in US, Canadian, and international high-yield corporates and senior loans with some exposure to investment-grade bonds. Hedging strategies are employed to manage currency fluctuations, interest rate changes, and credit risk.
Preferred Share Fund
To provide investors with income and the opportunity for long-term capital appreciation by investing primarily in a portfolio of Canadian preferred share securities.