Investment objective

To provide long-term capital growth, while minimizing the exposure to currency fluctuations between foreign currencies and the Canadian dollar. The fund invests primarily in equity securities to track the performance of the benchmark, indirectly by investing in units of the iShares Core MSCI EAFE IMI Index ETF. The fund will use derivatives, such as options, futures and forward contracts to hedge against the currency fluctuations between foreign currencies and the Canadian dollar.

  • Fund Category International Equity Funds
  • Inception Date Jul 04, 2016
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Fund details

Series

Currency

Fund code

MER * (%)
F CAD 35103 0.27%

Portfolio analysis As of Mar 31, 2026

97% 3%
Equity Fixed Income

Asset mix

Equity Sector Allocation

Financials20.9%
Industrials19.6%
Health Care10.2%
Consumer Discretionary8.8%
Information Technology8.4%
Consumer Staples6.9%
Materials6.7%
Energy4.3%
Communication Services4.2%
Utilities3.9%
Unclassified3.1%
Real Estate3.0%

Top 10 Holdings

% Assets
iShares Core MSCI EAFE ETF 3.0%
CAD CASH 2.9%
ASML Holding NV 2.1%
AstraZeneca PLC 1.2%
Novartis AG 1.2%
HSBC Holdings PLC 1.1%
Roche Holding AG 1.1%
Shell PLC 1.1%
Nestle SA 1.0%
Commonwealth Bank of Australia 0.8%
Total % of Top 10 Holdings 15.5%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

Empty column 1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception Empty column
3.6 2.2 8.4 24.3 15.4 11.6 - 10.9 Fund

Distribution ($)/unit

Empty column YTD* 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Total distributions 0.00 0.36 0.18 0.62 0.35 0.26 0.25 0.72 0.35 1.50 0.14
Interest --- 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 1.47 0.14
Canadian dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign dividends --- 0.35 0.17 0.62 0.34 0.25 0.24 0.53 0.35 0.03 ---
Foreign taxes paid --- --- --- --- --- --- --- --- --- --- ---
Capital gains --- --- --- --- --- --- --- 0.19 --- --- ---
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.