McGill University Pension Plan
|
|
- Carmella Scott
- 5 years ago
- Views:
Transcription
1 Investment Option Performance 2015 Annualized Returns Return date Return 1 year 5 years 10 years Balanced Account Composite Balanced Account Benchmark (1) added vs benchmark Equity Composite Equity Benchmark (2) added vs benchmark Fixed Income FTSE TMX Universe Bond added vs benchmark SRI SRI Balanced Fund Benchmark added vs benchmark Money FTSE TMX 30-Day T-Bill added vs benchmark * Asset and or Benchmark calculated with hedging effect as of October 1, 201. Performance returns have been calculated by an independent performance measurement firm, are reported in dollars and are gross of fees. Different benchmarks indices were used in the five and ten-year periods, where applicable. (1) 65% Composite Equity Benchmark + 35% FTSE TMX Universe Bond, effective October 1, (2) 1/3 S&P/TSX Composite + 1/3 S&P 500 (50% Hedged) + 1/3 MSCI ACWI x US Net, effective October 1, 201. Effective January 15, 2016 Alternative Assets which include Absolute Return Strategies, Private Equity and Real Assets will no longer form part of the Equity. Those wishing to continue to hold Alternative AssetscandosoviatheBalancedAccountorGlidePathOptions.For additional information, please refer to the document titled "Segregation of Alternative Assets from the Equity and Glide Path Options".
2 Glide Path Options Glide paths were introduced in 201 as an alternative to constructing a personalized portfolio using the investment options available under the Plan. A glide path is an evolving asset mix based on a member s age and risk tolerance. As a member approaches retirement, the asset mix becomes more conservative. Table provides the asset mix, age bands for the available glide path profiles as well as the performance of each glide path combination. Effective January 15, 2016 Alternative Assets which include Absolute Return Strategies, Private Equity and Real Assets will no longer form part of the Equity. Those wishing to continue to hold Alternative AssetscandosoviatheBalancedAccountorGlidePathOptions.For additional information, please refer to the document titled "Segregation of Alternative Assets from the Equity and Glide Path Options". Glide Path Options - Profiles Funds / Age Bands Age 66 and above Age 60 to 65 Age 50 to 59 Age 0 to 9 Age 30 to 39 Below Age 30 Conservative Risk Profile Fixed Income 65% 65% 50% 0% 30% 20% Equity 35% 35% 50% 60% 0% 80% Allocation A A B C D E Moderate Risk Profile Fixed Income 65% 50% 0% 30% 20% 10% Equity 35% 50% 60% 0% 80% 90% Allocation A B C D E F Aggressive Risk Profile Fixed Income 50% 0% 30% 20% 10% 10% Equity 50% 60% 0% 80% 90% 90% Allocation B C D E F F Glide Path Return Allocation A B C D E F Return 2.2% 2.% 3.1% 3.% 3.8%.1% date Return 5.3% 6.3% 6.9%.5% 8.1% 8.8% One-Year Annualized Return 5.3% 6.3% 6.9%.5% 8.1% 8.8% Performance returns are reported in dollars and are gross of fees.
3 Balanced Account To optimize capital accumulation over the long-term through allocations to the Equity and Fixed Income with a target asset mix of 65% equity securities and 35% fixed income securities. In order to attain the investment s outlined above, a moderate to high degree of short-term return volatility will be accepted in the Balanced Account in pursuit of long-term capital appreciation. Such short-term return volatility will be moderated through the diversification of assets in a prudent manner. Using active and passive investment strategies, the investments of the Balanced Account shall include the following major asset classes: equities, US equities, non-north American equities, Global equities, real assets, private equity holdings, absolute return funds exposures, bonds, mortgage loans, cash and cash equivalents. Asset class weights within the portfolio shall be appropriately diversified with respect to source of return, geographic dependence, industry and marketability as indicated in the Statement of Investment Policy., excluding record keeping fees, expressed as a percentage of the Investment s Assets were 0.85 % for the year 201. Balanced Account Performance 2015 Annualized Returns Return date Return 1 year 5 years 10 years Balanced Account Composite Balanced Account Benchmark (1) added vs benchmark Equity (2) Composite Equity Benchmark (3) added vs benchmark Fixed Income (2) FTSE TMX Universe Bond added vs benchmark (1) 65% Composite Equity Benchmark + 35% FTSE TMX Universe Bond, effective October 1, (2) Represents the Balanced Account's share of Equity and Fixed Income assets under. (3) 1/3 S&P/TSX Composite + 1/3 S&P 500 (50% Hedged) + 1/3 MSCI ACWI x US Net, effective October 1, 201. Balanced Account Asset Allocation Actual Allocation Strategic Asset Allocation Min Max Equity Public Equity Alternative Assets Total Equity Fixed Income Balanced Account Composition Nominal Bonds, 29% Listed Real Assets, 2% Absolute Return Strategies, 8% Private Equity, 5% Cash*, 1% Equities, 1% Real Assets, 5% Global Equities, 36% Balanced Account *Cash and Cash Equivalents included in Equity
4 Equity To provide long-term capital appreciation and income by investing in a diversified portfolio of, foreign equity securities and Alternatives assets. In order to attain the investment s outlined above, a high degree of short-term return volatility, mitigated by diversification, will be accepted in the Equity in pursuit of long-term capital appreciation and higher expected return. Using active and passive investment strategies, the investments of the Equity shall include the following major asset classes: equities, US equities, non-north American equities, Global equities, Alternative assets, cash and cash equivalents. Alternative Investments shall include real estate and infrastructure, private equity, absolute return. Investments may be made in the above classes by direct investment or through pooled funds, commingled funds or mutual funds investing in one or more of such asset classes. Asset class weights within the portfolio shall be appropriately diversified with respect to source of return, geographic dependence, industry and marketability as indicated in the Statement of Investment Policy., excluding record keeping fees, expressed as a percentage of the Investment s Assets were 1.03 % for the year 201. Effective January 15, 2016 Alternative Assets which include Absolute Return Strategies, Private Equity and Real Assets will no longer form part of the Equity. Those wishing to continue to hold Alternative Assets can do so via the Balanced Account or Glide Path Options. For additional information, please refer to the document titled "Segregation of Alternative Assets from the Equity and Glide Path Options". Equity Performance 2015 Return Annualized Returns date Return 1 year 5 years 10 years Equity Composite Equity Benchmark (1) added vs benchmark Equities S&P/TSX Composite added vs benchmark Global Equities Composite Global Equity Benchmark (2) added vs benchmark Alternative Assets Composite Alternative Assets Benchmark (3) added vs benchmark Cash & Cash Equivalents FTSE TMX 30-Day T-Bill added vs benchmark Performance returns have been calculated by an independent performance measurement firm, reported in dollars and are gross of fees. Different benchmarks indices were used in the five and ten-year periods, where applicable. (1) 1/3 S&P/TSX Composite + 1/3 S&P 500 (50% Hedged) + 1/3 MSCI ACWI x US Net, effective October 1, 201. (2) 50% S&P500 (50% Hedged) + 50% MSCI ACWI x US Net, effective October 1, 201. (3) 0% (% + CPI) + 25% (2/3 S&P 500 (50% Hedged) + 1/3 MSCI Europe + 3%) + 35% (US T-Bill + 5% (50% Hedged)), effective October 1, 201. Equity - Ten Largest Publicly Traded Holdings % Equity % Balanced Account TORONTO DOMINION BANK. 0.8% 0.62% JOHNSON & JOHNSON 6. 0.% 0.53% EXXON MOBIL CORP % 0.52% ROCHE HOLDING AG % 0.51% ALIMENTATION COUCHE-TARD INC % 0.50% SUNCOR ENERGY INC % 0.9% CANADIAN NATIONAL RAILWAY CO % 0.9% COCA-COLA CO/THE % 0.% CHEVRON CORP % 0.3% MERCK & CO INC % 0.2% Equity Composition Absolute Return Strategies, 12% Private Equity, 8% Real Assets, % Listed Real Assets, 2% Cash & Cash Equivalents, 1% Equities, 19% Global Equities, 51%
5 Fixed Income To provide a predictable source of interest income, to reduce volatility of investment returns and to provide a hedge against deflation, by investing in a diversified portfolio of primarily fixed income and floating rate securities. An allocation to real-return bonds maybeusedtoprovideahedgeagainstinflation. In order to attain the investment s outlined above, a moderate degree of short-term return volatility will be accepted in the Fixed Income. Using active and passive investment strategies, the investments of the Fixed Income shall include the following major asset classes: Nominal bonds, mortgage loans, cash and cash equivalents. Investments may be made in the above classes by direct investment or through pooled funds, commingled funds or mutual funds investing in one or more of such asset classes. Asset class weights within the portfolio shall be appropriately diversified with respect to source of return, geographic dependence, industry and marketability as indicated in the Statement of Investment Policy., excluding record keeping fees, expressed as a percentage of the Investment s Assets were 0.3 % for the year 201. Fixed Income Performance 2015 Annualized Returns Return date Return 1 year 5 years 10 years Long term Fixed Income FTSE TMX Universe Bond added vs benchmark Performance returns have been calculated by an independent performance measurement firm, are reported in dollars and are gross of fees. Different benchmarks indices were used in the five and ten-year periods, where applicable. Fixed Income - Ten Largest Publicly Traded Holdings Fixed Income Composition % Fixed Income % Balanced Account Mortgages, 9% Cash & other, 3% Federal Bonds, 23% PH&N MORTGAGE PENSION TRUST % 0.56% PROV OF QUEBEC 3.500% 01-DEC-205 MTN % 0.55% GOVERNMENT OF CANADA 2.250% 01-JUN-2025 SER D % 0.55% PROV OF ONTARIO 6.500% 08-MAR % 0.50% PROV OF ONTARIO 3.50% 02-JUN-205 BDS % 0.% PROV OF QUEBEC 5.000% 01-DEC-201 MTN % 0.6% PROV OF ONTARIO 2.900% 02-DEC-206 SER DMTN % 0.5% GOVERNMENT OF CANADA 5.50% 01-JUN-2033 SER XG % 0.% ROYAL BANK OF CANADA VAR RT 23-MAR-2020 SER CB % 0.2% PROV OF ONTARIO 5.600% 02-JUN % 0.35% Corporate Bonds, 1% Provincial Bonds, 2%
6 Socially Responsible Investment (SRI) To optimize capital accumulation over the long-term, while following an investment framework that incorporates issues related to socially responsible investing. In order to attain the investment s outlined above, a moderate to high degree of short-term return volatility will be accepted in the Socially Responsible Investment in pursuit of long-term capital appreciation. The investments of the Socially Responsible Investment shall include the following major asset classes: equities, US equities, non-north American equities, bonds, cash and cash equivalents. Investments may be made in the above classes by direct investment or through pooled funds, commingled funds or mutual funds investing in one or more of such asset classes. Asset class weights within the portfolio shall be appropriately diversified with respect to source of return, geographic dependence, industry and marketability as indicated in the Statement of Investment Policy., excluding record keeping fees, expressed as a percentage of the Investment s Assets were 0.8 % for the year 201. SRI Performance 2015 Annualized Returns Return date Return 1 year 5 years 10 years SRI SRI Balanced Fund Benchmark added vs benchmark Performance returns have been calculated by an independent performance measurement firm, are reported in dollars and are gross of fees. SRI - Ten Largest Publicly Traded Holdings Government of Canada 0.50% Sep % Toronto-Dominion Bank % Royal Bank of Canada % Province of Ontario.600% Jun % Bank of Nova Scotia % Province of Ontario 6.500% Mar % ITC Holdings Corp % Estée Lauder Companies Inc., Class A % Manulife Financial Corporation % International Flavors & Fragrances Inc % % SRI SRI Composition Fixed Income, 3% NNA Equities, 1% Cash & Shortterm, 2% Equities, 30% U.S. Equities, 1%
7 Money ("MMP") The investment of the money market pool is to maintain capital, provide stable returns and maintain liquidity. In order to attain the investment s outlined above, a low degree of short-term return volatility will be accepted in the Money. The investments of the Money shall include the following major asset classes: cash, cash equivalents and bonds. Investments may be made in the above classes by direct investment or through pooled funds, commingled funds or mutual funds investing in one or more of such asset classes. Asset class weights within the portfolio shall be appropriately diversified with respect to source of return, industry and marketability as indicated in the Statement of Investment Policy., excluding record keeping fees, expressed as a percentage of the Investment s Assets were 0.30 % for the year 201. Money Performance 2015 Annualized Returns Return date Return 1 year 5 years 10 years Money FTSE TMX 30-Day T-Bill added vs benchmark Performance returns have been calculated by an independent performance measurement firm, are reported in dollars and are gross of fees. Money - Ten Largest Publicly Traded Holdings Money Composition Repurchase Agreement due 01/05/2016 Government of Canada 0.80% % Repurchase Agreement due 01/05/2016 Government of Canada Treasury Bill 0.0% % 2016/05/09 Bank of Nova Scotia (The) 1.800% % 2016/02/22 Bank of Nova Scotia (The) 3.610% % 2016/08/02 Toronto-Dominion Bank (The) 2.98% % 2016/01/19 Imperial Oil Limited % 2016/03/31 Royal Bank of Canada % 2016/01/11 National Bank of Canada 2.050% % 2016/03/10 Bank of Montreal 3.103% % 2016/01/21 OMERS Finance Trust % % MMP Fixed Income, 18% Corporate Commercial Paper, 50% Government Issued T-Bills, 12% Banker's Acceptances, 20%
McGill University Pension Plan as at March 31, Investment Options Performance
Investment Options Performance Q1 Return (%) 2015 Year to date Return (%) Annualized Returns (%) Assets under management Q1 1 year 5 years 10 years (in millions $) Long term objective (%) Balanced Account
More informationMcGill University Pension Plan
Investment Option Performance management Q2 Return 2018 Annualized Returns Balanced Account 1,180.8 1.6 1.9 6.5 9.0.1 5.3 Composite Balanced Account Benchmark (1) 2.2 2. 6.9 8.6 6.2 added vs benchmark
More informationMcGill University Pension Plan
Investment Option Performance management Q1 Return 2018 Annualized Returns Balanced Account 1,162.0 0.3 0.3 6. 8.9.2 5.3 Composite Balanced Account Benchmark (1) 0.2 0.2 5. 8.1 6.2 added vs benchmark 0.1
More informationa glance
Investments @ a glance We ve made saving for a brighter retirement easier with simple, low-cost investments solutions designed specifically for your plan. Sun Life Financials investment solutions provide
More informationMCGILL UNIVERSITY PENSION FUND STATEMENT OF INVESTMENT POLICY
MCGILL UNIVERSITY PENSION FUND STATEMENT OF INVESTMENT POLICY TABLE OF CONTENTS I - DEFINITIONS... 3 II - OVERVIEW AND PURPOSE... 5 III - PENSION ADMINISTRATION COMMITTEE... 6 3.1 Responsibilities of the
More informationa glance
Investments @ a glance We ve made saving for a brighter retirement easier with simple, low-cost investments solutions designed specifically for your plan. Sun Life Financials investment solutions provide
More informationMcGill University Pension Plan Balanced Account as at December 31, 2014
McGill University ension lan Balanced Account as at December 31, 2014 Investor rofile: This pool may appeal to investors seeking: to hold a well diversified portfolio of Canadian, U.., and non-north American
More informationAsset Allocation Funds - Diversified mix of investment vehicles suited to an investor personality Conservative - income oriented, lower risk
Fund review - Investment Funds Available in This Plan - Gross Annualized rates of return for periods ending December 3, 208 yr (%) 3 yr (%) 5 yr (%) 0 yr (%) Asset Allocation Funds - Diversified mix of
More informationStatement of Investment Policy For The Royal Institution For The Advancement of Learning/ McGill University. Endowment Fund
Statement of Investment Policy For The Royal Institution For The Advancement of Learning/ McGill University Endowment Fund Last revised: Executive Committee October 28, 2016 Minute 5.1 Full history appears
More informationMcGill University Pension Plan Balanced Account as at September 30, 2013
McGill University ension lan Balanced Account as at eptember 30, 2013 Investor rofile: This pool may appeal to investors seeking: to hold a well diversified portfolio of Canadian, U.., and non-north American
More informationPlease find enclosed the applicable Fund Facts documents for the mutual funds held in the CIBC IPRS Aggressive Growth Portfolio (Registered).
CIBC 18 York Street, Suite 1300 Toronto, Ontario M5J 2T8 Please find enclosed the applicable Fund Facts documents for the mutual funds held in the CIBC IPRS Aggressive Growth Portfolio (Registered). CIBC
More informationStatement of Investment Policies. Shared Risk Plan for Certain Bargaining Employees of New Brunswick Hospitals
Statement of Investment Policies Shared Risk Plan for Certain Bargaining Employees of New Brunswick Hospitals Board of Trustees revised December 5, 2017 INTRODUCTION... 1 A. CHARACTERISTICS OF THE PLAN...
More informationStatement of Investment Policies. New Brunswick Public Service Pension Plan
Statement of Investment Policies New Brunswick Public Service Pension Plan Board of Trustees revised December 1, 2016 INTRODUCTION... 1 A. CHARACTERISTICS OF THE PLAN... 2 B. RISK TOLERANCE AND FUND OBJECTIVES...
More informationStatement of Investment Policies. New Brunswick Teachers Pension Plan
Statement of Investment Policies New Brunswick Teachers Pension Plan Last reviewed: November 24, 2016 INTRODUCTION p. 1 A. CHARACTERISTICS OF THE PLAN. p. 2 B. RISK TOLERANCE AND FUND OBJECTIVES.. p. 3
More informationSUMMARY FACT STATEMENTS and FINANCIAL STATEMENTS As of December 31, 2008
MAXIM TM, MENTOR, MAXIVU AND MAXINVEST SEGREGATED FUNDS SUMMARY FACT STATEMENTS and FINANCIAL STATEMENTS As of December 31, 2008 RBC Life Insurance Company 6880 Financial Drive, West Tower Mississauga,
More informationThe Performax Gold Investment Fund Annual Report THE MANUFACTURERS LIFE INSURANCE COMPANY
The Performax Gold Investment Fund 2016 Annual Report THE MANUFACTURERS LIFE INSURANCE COMPANY The Gold Fund advantage Backed by Manulife s 125+ years of demonstrated financial strength, integrity, and
More informationCI Canadian Investment Fund
This annual management report of fund performance contains financial highlights but does not contain the complete annual financial statements of the investment fund. You can get a copy of the annual financial
More information2017 ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE
MD Family of Funds 2017 ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE DISCLOSURE This annual management report of fund performance contains financial highlights but does not contain the complete annual
More informationSelect 40i60e Managed Portfolio. Portfolio Review First Quarter 2018
Select 40i60e Managed Portfolio Portfolio Review First Quarter 2018 Q1 Portfolio Review First Quarter 2018 as at March 31, 2018 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years
More informationHALIFAX. Item No. 9. P.O. Box Halifax, Nova Scotia. B3J 3A5 Canada. Halifax Regional Council. October 6,2015
Item No. 9 B3J 3A5 Canada Halifax, Nova Scotia For further information please refer to the attached staff report dated August 12, 2015. was before the Audit & Finance Standing Committee for consideration
More informationimaxx Money Market Fund
imaxx Money Market Fund Total net asset value of the investment fund: $3,090,875 Cash, cash equivalents and other net assets 100% Top holdings (as of September 30, 2016)* Canadian Treasury Bill Dec 01,
More informationC.S.T. Consultants Inc. Canadian Scholarship Trust Family Savings Plan. Audited Financial Statements and Management Report of Fund Performance
C.S.T. Consultants Inc. Canadian Scholarship Trust Family Savings Plan Audited Financial Statements and Management Report of Fund Performance October 31, 2018 and 2017 Contents Management Report of Fund
More information2012 Annual Report. Graphs, charts and tables. January 1, 2012, to December 31, MPP AR Graphs Tables
Annual Report Graphs, charts and tables January 1,, to December 31, 98-083 MPP AR Graphs Tables 2013.08.22 1 Contents Account Investment Asset Mix and Performance Table...3 Active Members Profile by Gender
More informationPortfolio Review Third Quarter 2018
Portfolio Review Third Quarter 2018 Q3 The Gherkin, London, United kingdom 3 Portfolio Series Income Fund 7 Portfolio Series Conservative Fund 11 Portfolio Series Conservative Balanced Fund 15 Portfolio
More informationFINANCIAL STATEMENTS and SUMMARY FACT STATEMENTS As of December 31, 2007
MAXIM TM, MENTOR, MAXIVU AND MAXINVEST SEGREGATED FUNDS FINANCIAL STATEMENTS and SUMMARY FACT STATEMENTS As of December 31, 2007 RBC Life Insurance Company 6880 Financial Drive, West Tower Mississauga,
More information2013 Annual Report. Graphs, charts and tables. January 1, 2013, to December 31, TPP AR Graphs Tables
2013 Annual Report Graphs, charts and tables January 1, 2013, to December 31, 2013 98-067 TPP AR Graphs Tables 2014.08.12 Contents Five-year financial summary...1 Contributions...2 Contribution revenue....2
More informationFINANCIAL STATEMENTS and SUMMARY FACT STATEMENTS As of December 31, 2006
MAXIM TM, MENTOR, MAXIVU AND MAXINVEST SEGREGATED FUNDS FINANCIAL STATEMENTS and SUMMARY FACT STATEMENTS As of December 31, 2006 RBC Life Insurance Company 6880 Financial Drive, West Tower Mississauga,
More informationPortfolio Select Series. Portfolio Review First Quarter 2017
Portfolio Select Series Portfolio Review First Quarter 2017 Q1 Q4 3 Select Income Managed Portfolio 6 Select 80i20e Managed Portfolio 10 Select 70i30e Managed Portfolio 14 Select 60i40e Managed Portfolio
More informationCash and Equivalent Funds - Short term and/or interest-bearing investments Canadian Money Market - low risk, low - guaranteed return
review - Investment s Available in This Plan - Gross Annualized rates of return for periods ending March 31, 216 Rating 1 yr (%) 3 yr (%) 5 yr (%) 1 yr (%) Asset Allocation s - Diversified mix of investment
More informationRBC LIFE INSURANCE COMPANY FUNDS
Audited Financial Statements of RBC LIFE INSURANCE COMPANY FUNDS December 31, 2014 and 2013 RBC LIFE INSURANCE COMPANY FUNDS Table of Contents December 31, 2014 and 2013 Page Financial Statements and Supplementary
More informationSemi-Annual Financial Statements
Semi-Annual Financial Statements BMO Private Portfolios June 30, 2017 BMO Private Canadian Short-Term Bond Portfolio NOTICE OF NO AUDITOR REVIEW OF THE SEMI-ANNUAL FINANCIAL STATEMENTS BMO Private Investment
More informationPlease find enclosed the applicable Fund Facts documents for the mutual funds held in the CIBC IPRS Growth Portfolio (Non-Registered).
CIBC 18 York Street, Suite 1300 Toronto, Ontario M5J 2T8 Please find enclosed the applicable Fund Facts documents for the mutual funds held in the CIBC IPRS Growth Portfolio (Non-Registered). CIBC Canadian
More informationSecurities Lending. Collateral Type* ($000s) Organization of the Fund (note 1) x x
Annual Financial Statements for the financial year ended December 31, 2015 Statements of Financial Position (in 000s, ecept per unit amounts) As at December 31, 2015 and 2014 (note 1) Assets December 31,
More informationRBC LIFE INSURANCE COMPANY A AND B FUNDS
Financial Statements of RBC LIFE INSURANCE COMPANY A AND B FUNDS December 31, 2014 and 2013 RBC LIFE INSURANCE COMPANY A AND B FUNDS Table of Contents December 31, 2014 and 2013 Page Financial Statements
More informationPooled Fund Annualized Returns
Pooled Fund Annualized Returns PERIODS ENDING MARCH 31, 2017 All returns expressed as a percentage in Canadian Dollars SHORT TERM 25 20 15 10 5 4 3 2 1 YEARS YEARS YEARS YEARS YEARS YEARS YEARS YEARS YEAR
More informationINVESTMENT MANAGEMENT POLICY
Policies and Proced ures INVESTMENT MANAGEMENT POLICY FINANCE Contents 1. INTRODUCTION... 2 2. INVESTMENT PHILOSOPHY... 2 3. INVESTMENT OBJECTIVES... 2 4. INVESTMENT RESPONSIBILITIES... 4 4.1 The Board
More informationRBC MONTHLY INCOME FUND
BALANCED FUND December 31, 2017 Portfolio Manager RBC Global Asset Management Inc. ( RBC GAM ) The Board of Directors of RBC Global Asset Management Inc. approved this annual management report of fund
More informationPerformance Review. University of Guelph Endowment Funds. 2 nd Quarter 2018
Performance Review University of Guelph Endowment Funds 2 nd Quarter 208 Prepared by: Pavilion Advisory Group Ltd. 250 René-Lévesque Blvd. West, Suite 4030 Montreal, Quebec H3B 4W8 Canada Endowment Funds
More informationAnnual Report Segregated Funds. December 31, 2005 THE EQUITABLE LIFE INSURANCE COMPANY OF CANADA 1059(2005/12/31)
Annual Report Segregated Funds December 31, 2005 1059(2005/12/31) THE EQUITABLE LIFE INSURANCE COMPANY OF CANADA Table of Contents Responsibility for Financial Reporting.................................................
More informationStatement of Investment Policies and Procedures for The Multiple Sclerosis Society of Canada
Statement of Investment Policies and Procedures for The Multiple Sclerosis Society of Canada Revised January 2011 Statement of Investment Policies and Procedures for The Multiple Sclerosis Society of Canada
More informationAlberta Heritage Savings Trust Fund Room 434, Street Edmonton, Alberta TKK 2C3. Phone: (780)
Alberta Heritage Savings Trust Fund Room 434, 9515-107 Street Edmonton, Alberta TKK 2C3 Phone: (780) 427-5364 SECOND Q U A R T E R U P D A T E SEPTEMBER 30, 2005 Alberta Heritage Savings Trust Fund QUARTER
More informationSemi-Annual Financial Statements
Semi-Annual Financial Statements BMO Private Portfolios June 30, 2015 BMO Private Canadian Short-Term Bond Portfolio (formerly BMO Harris Canadian Short-Term Bond Portfolio) NOTICE OF NO AUDITOR REVIEW
More informationSecurities Lending. Collateral Type* ($000s) Organization of the Fund (note 1) x x
Annual Financial Statements for the financial year ended December 31, 2016 Statements of Financial Position (in 000s, ecept per unit amounts) As at December 31, 2016 and 2015 (note 1) Assets December 31,
More informationMEMBER'S PUBLIC DISCLOSURE STATEMENT
MEMBER'S PUBLIC DISCLOSURE STATEMENT Pursuant to Conflicts of Interest Act, Chapter C-23, RSA 2000 As at March 31, 2018 NAME OF MEMBER: CONSTITUENCY: Robert Turner Edmonton-Whitemud Under Section 14 of
More informationMarket Update: Broad Market Returns and Indicators
Market Update Eckler Ltd. collects information directly from sources believed to be reliable. Eckler Ltd. does not guarantee or warrant the accuracy, timeliness, or completeness of the information either
More informationSegregated Funds Audited Financial Statements
Segregated Funds Audited Financial Statements December 31, LIFE Insurance Manulife Certificate The Manufacturers Life Insurance Company, referred to in this document as Manulife Financial, certifies that
More informationAnnual Financial Statements
Annual Financial Statements BMO Private Portfolios December 31, 2017 BMO Private Canadian Mid-Term Bond Portfolio Independent Auditor s Report To the Unitholders of BMO Private Canadian Money Market Portfolio
More informationPooled Fund Annualized Returns Periods Ending March 31, 2018
Pooled Fund Annualized Returns Periods Ending March 31, 2018 SHORT TERM 25 20 15 10 5 1 YEARS YEARS YEARS YEARS YEARS YEAR Short Term Fund 1 2.9 2.4 1.7 0.9 0.8 0.8 FTSE TMX Canada 30 Day Treasury Bill
More informationCash and Equivalent Funds - Short term and/or interest-bearing investments Canadian Money Market - low risk, low - guaranteed return
review - Investment s Available in This Plan - Gross Annualized rates of return for periods ending September 3, 216 Rating 1 yr (%) 3 yr (%) 5 yr (%) 1 yr (%) Asset Allocation s - Diversified mix of investment
More informationRBC LIFE INSURANCE COMPANY FUNDS
Audited Financial Statements of RBC LIFE INSURANCE COMPANY FUNDS December 31, 2016 RBC LIFE INSURANCE COMPANY FUNDS Table of Contents December 31, 2016 Page Financial Statements and Supplementary Information
More informationuniversal life UNIVERSAL LIFE SAVINGS & INVESTMENT OPTIONS
universal life UNIVERSAL LIFE SAVINGS & INVESTMENT OPTIONS UNIVERSAL LIFE SAVINGS & INVESTMENT OPTIONS Universal life combines cost-effective life insurance protection and tax-advantaged investment opportunities.
More informationAnnual Investment Report
Clause 7 in Report No. 9 of Committee of the Whole was adopted, without amendment, by the Council of The Regional Municipality of York at its meeting held on May 19, 2016 7 2015 Annual Investment Report
More informationItem No. Audit and Finance Standing Committee October 18, 2017
PO Box 1749 Halifax, Nova Scotia B3J 3A5 Canada Item No. Audit and Finance Standing Committee October 18, 2017 TO: SUBMITTED BY: Chair and Members of Audit and Finance Standing Committee Original Signed
More informationItem No Audit and Finance Standing Committee July 18, 2018
PO Box 1749 Halifax, Nova Scotia B3J 3A5 Canada Item No. 12.2.1 Audit and Finance Standing Committee July 18, 2018 TO: Chair and Members of Audit and Finance Standing Committee Original Signed SUBMITTED
More informationC.S.T. Consultants Inc. Canadian Scholarship Trust Family Savings Plan. Audited Financial Statements and Management Report of Fund Performance
C.S.T. Consultants Inc. Canadian Scholarship Trust Family Savings Plan Audited Financial Statements and Management Report of Fund Performance October 31, 2017 and 2016 Contents Management Report of Fund
More informationDIM Private Funds Annual Financial Statements
DIM Private Funds Annual Financial Statements as at December 31, 2015 Discretionary portfolio management is offered by Desjardins Wealth Management, Private Wealth Management and is provided by Desjardins
More informationC.S.T. Consultants Inc. Canadian Scholarship Trust Group Savings Plan Audited Financial Statements and Management Report of Fund Performance
C.S.T. Consultants Inc. Canadian Scholarship Trust Group Savings Plan 2001 Audited Financial Statements and Management Report of Fund Performance October 31, 2017 and 2016 Contents Management Report of
More informationAnnual Public Meeting
Public Meeting Ottawa, November 27, By Cheryl Barker, Interim Chair of the Board Gordon J. Fyfe, President & CEO Cheryl Barker Interim Chair, Board of Directors 2 Gordon J. Fyfe President and CEO 3 Long
More informationFORTRESS Funds. Fund Facts
FORTRESS Funds Fund Facts December 31, 2017 Contents Fund Facts Introduction 1 Money Market Fund 3 Canadian Bond Fund. 5 Global Bond Fund 7 Balanced Fund (Laketon).. 9 Balanced Fund (McLean Budden) 11
More information2014 Annual Management Report of Fund Performance
(the Fund ) For the 12-month period ended September 30, 2014 (the period ) Manager: BMO Investments Inc. (the Manager or BMOII ) Portfolio manager: BMO Asset Management Inc., Toronto, Ontario (the portfolio
More information2017 Annual Management Report of Fund Performance
(the Fund ) For the 12-month period ended September 30, (the Period ) Manager: BMO Investments Inc. (the Manager or BMOII ) Portfolio manager: BMO Asset Management Inc., Toronto, Ontario (the portfolio
More informationRBC LIFE INSURANCE COMPANY A AND B FUNDS
Audited Financial Statements of RBC LIFE INSURANCE COMPANY A AND B FUNDS December 31, 2016 RBC LIFE INSURANCE COMPANY A AND B FUNDS Table of Contents December 31, 2016 Page Financial Statements and Supplementary
More informationAUDITED ANNUAL FINANCIAL STATEMENTS EDUCATORS FINANCIAL GROUP INC.
AUDITED ANNUAL FINANCIAL STATEMENTS EDUCATORS FINANCIAL GROUP INC. EDUCATORS MONEY MARKET FUND EDUCATORS MORTGAGE & INCOME FUND EDUCATORS BOND FUND EDUCATORS BALANCED FUND EDUCATORS MONTHLY INCOME FUND
More information2017 ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE
MD Family of Funds 2017 ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE DISCLOSURE This annual management report of fund performance contains financial highlights but does not contain the complete annual
More informationScotia Balanced Opportunities Fund
Scotia Balanced Opportunities Fund Interim Management Report of Fund Performance For the period ended June 3, 218 This interim management report of fund performance contains financial highlights but does
More informationWilfrid Laurier University. WLU Endowment Statement of Investment Policies and Procedures. Board Approved June 23, 2016
Statement of Investment Policies and Procedures Wilfrid Laurier University WLU Endowment Statement of Investment Policies and Procedures Board Approved June 23, 2016 Statement of Investment Policies and
More informationVanguard ETFs. Annual Financial Statements December 31, Contents
Annual Financial Statements December 31, 2017 Vanguard ETFs Contents Independent Auditor s Report 1 Vanguard Canadian Aggregate Bond Index ETF 2 Vanguard Canadian Corporate Bond Index ETF 18 Vanguard Canadian
More informationMEMBER'S PUBLIC DISCLOSURE STATEMENT
MEMBER'S PUBLIC DISCLOSURE STATEMENT Pursuant to Conflicts of Interest Act, Chapter C-23, RSA 2000 As at March 31, 2017 NAME OF MEMBER: CONSTITUENCY: Robert Turner Edmonton-Whitemud Under Section 14 of
More informationAnnual Financial Statements
Annual Financial Statements BMO Private Portfolios December 31, 2017 BMO Private Diversified Yield Portfolio Independent Auditor s Report To the Unitholders of BMO Private Canadian Money Market Portfolio
More informationCity of Toronto Investment Report for 2017 and the First Quarter of 2018 and Policy Update
EX35.16 REPORT FOR ACTION City of Toronto Investment Report for 2017 and the First Quarter of 2018 and Policy Update Date: June 5, 2018 To: Executive Committee From: Interim Chief Financial Officer Wards:
More informationPortfolio Series Conservative Balanced Fund. Portfolio Review Fourth Quarter 2017
Portfolio Review Fourth Quarter 2017 Q4 Portfolio Review Fourth Quarter 2017 as at December 31, 2017 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years 10 Years Since Inception
More informationSemi-Annual Financial Statements
Semi-Annual Financial Statements BMO Private Portfolios June 30, 2017 BMO Private Diversified Yield Portfolio NOTICE OF NO AUDITOR REVIEW OF THE SEMI-ANNUAL FINANCIAL STATEMENTS BMO Private Investment
More informationCIBC Balanced Index Fund. Annual Management Report of Fund Performance
CIBC Balanced Inde Fund Annual Management Report of Fund Performance for the financial year ended December 31, 2017 All figures are reported in Canadian dollars unless otherwise noted This annual management
More informationScotiaFunds and Scotia Private Pools Annual Report
ScotiaFunds and Scotia Private Pools Annual Report 2011 Cash Equivalent Funds Scotia T-Bill Fund Scotia Premium T-Bill Fund Scotia Money Market Fund Scotia U.S. $ Money Market Fund Income Funds Scotia
More informationCC&L DIVERSIFIED INCOME PORTFOLIO. Management Report of Fund Performance. For the Year Ended December 31, 2017
CC&L DIVERSIFIED INCOME PORTFOLIO Management Report of Fund Performance For the Year Ended December 31, 2017 This annual management report of fund performance contains financial highlights but does not
More informationPortfolio Review xxx Quarter 20xx. Evolution 40i60e Model Portfolio Portfolio Review First Quarter 2018
Portfolio Review xxx Quarter 20xx Evolution 40i60e Model Portfolio Portfolio Review First Quarter 2018 Q1 Overview Diversified portfolios capture gains from asset classes and security types that are performing
More informationSprott Short-Term Bond Class
Sprott Short-Term Bond Class Sprott Corporate Class Inc. ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE December 31 The annual management report of fund performance is an analysis and explanation that is
More informationCombination Pension Plan
University of Victoria Combination Pension Plan Portfolio Holdings as at December 31, 2017 Balanced Fund & Defined Retirement Benefit Fund TOTAL BALANCED FUND PORTFOLIO (, expressed in $000's) $1,055,602
More informationSelect 50i50e Managed Portfolio Corporate Class. Portfolio Review Third Quarter 2018
Portfolio Review Third Quarter 2018 Q3 Portfolio Review Third Quarter 2018 as at September 30, 2018 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years 10 Years Since Inception
More informationMonitored Avenue Portfolio Program 1 Overview
Monitored Avenue Portfolio Program 1 Overview The Monitored Avenue Portfolio Program 1 (MAPP 1) is an investment solution consisting of both a pre-set fund selection, applied to our Avenue Portfolios (referred
More informationGenus Short-Term Bond Fund ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE For the year ended December 31, 2018
Genus Short-Term Bond Fund ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE For the year ended December 31, This Annual Management Report of Fund Performance contains financial highlights, but does not contain
More informationImperial Pools. Annual Management Report of Fund Performance. December 31, Imperial Canadian Dividend Income Pool
Imperial Pools Annual Management Report of Fund Performance December 31, 2006 Imperial Canadian Dividend Income Pool This annual management report of fund performance contains financial highlights but
More informationPortfolio Series Balanced Fund. Portfolio Review Fourth Quarter 2017
Portfolio Review Fourth Quarter 2017 Q4 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years 10 Years Since Inception (November 1988) -0.6% 2.8% 3.3% 7.5% 6.2% 9.2% 6.0% 5.9%
More informationCIBC Mutual Funds CIBC Family of Managed Portfolios. Interim Financial Statements June 30, 2006
CIBC Mutual Funds CIBC Family of Managed Portfolios Interim Financial Statements June 30, 2006 All of the CIBC Mutual Funds (except for CIBC Canadian T-Bill Fund, CIBC Premium Canadian T-Bill Fund, CIBC
More informationCI Portfolios. Portfolio Review First Quarter 2018 ivari CI Growth Portfolio
CI Portfolios Portfolio Review First Quarter 2018 ivari CI Growth Portfolio Portfolio Performance ivari CI Portfolios are available as Guaranteed Investment Portfolios within select ivari segregated funds
More informationTD Diversified Monthly Income Fund
TD Diversified Monthly Income Fund 525452 (03/18) TD Mutual Funds for the period ended This contains financial highlights, but does not contain the complete annual financial statements of the investment
More informationFranklin Bissett Canadian Dividend Fund
Franklin Bissett Canadian Dividend Fund Product Profile Product Details Fund Assets $592,666,621.04 Fund Inception Date 12/22/2003 Base Currency Morningstar Category Distribution Frequency Fund Codes 1
More informationBMO Covered Call Canadian Banks ETF (ZWB)
ANNUAL FINANCIAL STATEMENTS BMO Covered Call Canadian Banks ETF (ZWB) Independent Auditor s Report To the Unitholders of: BMO Equal Weight Global Gold Index ETF BMO Mid Federal Bond Index ETF (formerly
More informationMarket Update: Broad Market Returns and Indicators
Market Update Eckler Ltd. collects information directly from sources believed to be reliable. Eckler Ltd. does not guarantee or warrant the accuracy, timeliness, or completeness of the information either
More informationBMO Mutual Funds 2015
BMO Mutual Funds 2015 Semi-Annual Financial Statements BMO Short-Term Income Class NOTICE OF NO AUDITOR REVIEW OF THE SEMI-ANNUAL FINANCIAL STATEMENTS BMO Investments Inc., the Manager of the Fund, appoints
More informationCanadian Universities Reciprocal Insurance Exchange (CURIE) Investment Policy and Guidelines
Canadian Universities Reciprocal Insurance Exchange (CURIE) Investment Policy and Guidelines Revised February 2015 1. Introduction The Canadian Universities Reciprocal Insurance Exchange (CURIE) was formed
More informationNinepoint Enhanced Balanced Class
Ninepoint Enhanced Balanced Class Ninepoint Corporate Class Inc. INTERIM MANAGEMENT REPORT OF FUND PERFORMANCE JUNE 30 The interim management report of fund performance is an analysis and explanation that
More informationBMO Mortgage and Short-Term Income Fund (the Fund )
(the Fund ) For the six-month period ended March 31, 2015 (the period ) Manager: BMO Investments Inc. (the Manager or BMOII ) Portfolio manager: BMO Asset Management Inc., Toronto, Ontario (the portfolio
More informationYour Fund Selection Guide
Your Fund Selection Guide Use this Guide, along with your Enrolment Guide, to understand the investments available through The Christian and Missionary Alliance in Canada Alliance Retiral Fund (ARF) Pension
More informationSemi-Annual Financial Statements
Semi-Annual Financial Statements BMO Private Portfolios June 30, 2017 BMO Private Canadian Mid-Term Bond Portfolio NOTICE OF NO AUDITOR REVIEW OF THE SEMI-ANNUAL FINANCIAL STATEMENTS BMO Private Investment
More informationBMO S&P/TSX Capped Composite Index ETF (ZCN) (the ETF )
ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE BMO S&P/TSX Capped Composite Index ETF (ZCN) (the ETF ) For the 12-month period ended December 31, 2017 (the Period ) Manager: BMO Asset Management Inc. (the
More informationHSBC Canadian Bond Pooled Fund. Annual Management Report of Fund Performance for the year ended December 31, 2016
HSBC Canadian Bond Pooled Fund Annual Management Report of Fund Performance for the year ended December 31, 2016 HSBC Canadian Bond Pooled Fund Management Discussion of Fund Performance In this document,
More informationFinancial Statements of THE GREAT-WEST LIFE ASSURANCE COMPANY IG/GWL INVESTMENT FUNDS
Financial Statements of THE GREATWEST LIFE ASSURANCE COMPANY IG/GWL INVESTMENT FUNDS December 31, 2015 Deloitte LLP 360 Main Street Suite 2300 Winnipeg MB R3C 3Z3 Canada INDEPENDENT AUDITOR S REPORT Tel:
More informationP.O. Box 1749 Halifax, Nova Scotia B3J 3A5 Canada Item No (i) Halifax Regional Council January 10, 2017
P.O. Box 1749 Halifax, Nova Scotia B3J 3A5 Canada Item No. 14.2.1 (i) Halifax Regional Council January 10, 2017 TO: Mayor Savage and Members of Halifax Regional Council SUBMITTED BY: Original Signed Councillor
More information$31,038. $8,500 June 18. June 12
HISTORIC RETURNS* Growth of $10,000 since July 2003 $35,000 $30,000 $25,000 $31,038 Fund Performance Series C (PERCENT RETURN) SINCE 1YR 3YRS 5YRS 10YRS INCEPTION 6.78% 6.73% 6.77% 8.10% Target Asset Allocation
More information