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 May 31, 2025

98% 2%
Equity Fixed Income

Asset mix

Equity Sector Allocation
Financials21.0%
Industrials18.6%
Health Care10.3%
Consumer Discretionary10.2%
Information Technology8.0%
Consumer Staples7.7%
Materials5.8%
Communication Services5.0%
Unclassified4.7%
Real Estate3.1%
Utilities3.1%
Energy2.5%
Top 10 Holdings
% Assets
iShares Core MSCI EAFE ETF 4.6%
CAD CASH 2.0%
SAP SE 1.4%
ASML Holding NV 1.3%
Nestle SA 1.2%
Novo Nordisk A/S - Class B Shares 1.0%
Roche Holding AG 1.0%
AstraZeneca PLC 1.0%
Novartis AG 1.0%
HSBC Holdings PLC 0.9%
Total % of Top 10 Holdings 15.4%

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
4.6 2.0 8.1 7.8 12.2 13.2 - 9.9 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.00 0.18 0.62 0.35 0.26 0.25 0.72 0.35 1.50 0.14 ---
Interest --- 0.01 0.01 0.00 0.01 0.00 0.00 0.00 1.47 0.14 ---
Canadian dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign dividends --- 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.