What is a Basket?
It is an investment model that is managed by a professional portfolio manager on a discretionary basis in your brokerage account. You directly own its underlying securities and receive the dividends and/or interest paid.
Investment Strategy
From a strategic perspective, the Corporate Fixed-Income Securities Basket is predicated on fundamental analysis. Security selection is based on knowledge of a firm, its industry and its growth prospects. A sound credit analysis, along with an assessment of factors such as a firm’s risk profile, its relative performance and general market conditions, is carried out with the ultimate goal of selecting securities and determining their respective weights within the Basket. Your Investment Advisor may provide you with an Investment Policy Statement.
Details
Investment horizon
At least 1 year
Code
76291S
Inception Date:
April 1, 2009
Initial minimum investment:
$27,894 CAD*
Subsequent Investment:
$27,894 CAD*
Portfolio Manager:
Fiera Capital Corporation
Benchmark:
Morningstar Can Corp Bd GR CAD
* Contingent on the market value of the Basket and accrued interests/dividends at the time of purchase.
Risk Management
This investment is not guaranteed and its value can go down as well as up.
Low
How much does it cost?
The following charges will apply at all times in addition to the fees if an agreement has been signed with your investment advisor.
| Investment | Fees |
|---|---|
| $1 or more | 0.25% |
Mandate Statistics
Average Coupon
4.03%
Yield to Maturity
3.71
Average Duration
5.48
Allocation by Maturity
| Short Term | 38.70% | |
| Long Term | 37.14% | |
| Mid Term | 24.16% |
Top Holdings (%)
| Bell Canada 6.10% 16-Mar-2035 | 5.97% |
| Telus Corp 2.85% 13-Aug-2031 | 5.71% |
| Manulife Finance LP 5.06% 15-Dec-2036 | 5.59% |
| Sun Life Financial Inc 2.80% 21-Nov-2028 | 5.33% |
| Toronto-Dominion Bank 4.13% 09-Jan-2032 | 5.06% |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 5.02% |
| Bank of Montreal 4.71% 07-Nov-2027 | 4.71% |
| Enbridge Inc 2.99% 03-Jul-2029 | 4.46% |
| Loblaw Cos Ltd 4.49% 11-Dec-2028 | 4.45% |
| Choice Properties REIT 4.18% 08-Mar-2028 | 4.26% |
| Total | 50.56% |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 4.80 | 7.07 | 8.70 | -9.63 | -0.97 | 8.38 | 8.22 |
Annualized Returns (%)
| 1 month |
3 month |
6 month |
1 year |
3 year |
5 year |
10 year |
Since Inception |
|---|---|---|---|---|---|---|---|
| 0.74 | 2.51 | 3.40 | 6.24 | 7.58 | 2.23 | 3.41 | 4.50 |
Returns before management fees