Investment objective

To provide total returns associated with those of emerging market currencies and short-term interest rates and to provide total returns comprised of income and modest capital growth. The fund invests primarily in short-term Canadian money market instruments and foreign exchange forward contracts on emerging market currencies.

  • Fund Category Fixed Income Funds
  • Inception Date Jul 27, 2015
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Fund details

Series
Currency
Fund code
MER * (%)
F CAD 35013 0.87%

Portfolio analysis As of Aug 31, 2025

0% 100%
Equity Fixed Income

Asset mix

Top 10 Holdings
% Assets
Brazil Letras do Tesouro Nacional Strip Jan 01, 2030 0.5%
Mexican Bonos 8.500% Nov 18, 2038 0.5%
Turkiye Government Bond 30.000% Sep 12, 2029 0.3%
Hungary Government Bond 7.000% Oct 24, 2035 0.3%
Republic of South Africa Government Bond 6.250% Mar 31, 2036 0.2%
Total % of Top 10 Holdings 1.8%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception
2.1 2.8 4.3 9.1 8.7 4.2 2.9 2.6 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.17 0.49 0.42 --- --- 0.03 0.46 0.05 0.37 0.33 0.38
Interest --- 0.49 0.42 --- --- 0.03 0.46 0.05 0.37 0.33 0.38
Canadian dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign taxes paid --- --- --- --- --- --- --- --- --- --- ---
Capital gains --- --- --- --- --- --- --- --- --- --- ---
Return of capital --- --- --- --- --- --- --- --- --- --- ---

* MER (%) is based on actual expenses for the preceding calendar year or most recent half-year period ended June 30 expressed on an annualized basis, depending on availability of date at the time of publication.