Overview
Daily NAV
$10.52
0.33% $0.03
November 21, 2024
-
Inception DateMay 29, 2024
-
Net Assets$37.94 million
-
Fund Manager 1The Empire Life Insurance Company
-
Secondary Fund ManagerFidelity Investments Canada
-
Min. Investment$1,000 initial, $50 per fund
-
MER *3.21%
-
Asset classGlobal Neutral Balanced
-
Management Fee2.35%
Risk: Low to Medium
Low
Low To Moderate
Moderate
Moderate To High
High
* The MER is estimated as the fund is less than 12 months old.
1 Empire Life Investments Inc. is the Portfolio Manager of certain Empire Life segregated funds and is a wholly owned subsidiary of The Empire Life Insurance Company.
Why Invest
You are seeking growth and income, wanting to invest in stocks and bonds from around the world, including emerging markets, and are willing to accept a low to moderate level of risk.
Fund codes
| Series | Front-end load | Low load * | No load | Deferred Sales Charge * |
|---|---|---|---|---|
| Class L | ECF12008 | ECF12208 | ECF12308 | ECF12508 |
- * NOTE: Effective May 29, 2023, the Deferred Sales Charge (DSC) and Low Load (LL) Purchase Fee Options are no longer available for new deposits. Switches between funds purchased with the same Purchase Fee Option will continue to be allowed.
Performance As at October 31, 2024
As this fund is new, this information is not available.
Portfolio Allocations As at September 30, 2024
Sector Allocation
| Colours | Name | Weight |
|---|---|---|
| Financials | 18.79% | |
| Information Technology | 17.04% | |
| Industrials | 13.83% | |
| Consumer Discretionary | 10.87% | |
| Health Care | 7.97% | |
| Communication Services | 7.54% | |
| Materials | 7.35% | |
| Consumer Staples | 6.67% | |
| Energy | 5.78% | |
| Utilities | 2.18% | |
| Real Estate | 1.98% | |
| Other |
Geographic Allocation
| Colours | Name | Weight |
|---|---|---|
| Canada | 36.29% | |
| United States | 34.20% | |
| United Kingdom | 3.33% | |
| China | 3.12% | |
| Germany | 2.65% | |
| Japan | 2.56% | |
| France | 1.58% | |
| Netherlands | 1.32% | |
| Ireland | 1.22% | |
| South Korea | 1.15% | |
| Other | 11.32% |
Credit Ratings
| Colours | Name | Weight |
|---|---|---|
| AAA | 39.83% | |
| AA | 0.49% | |
| A | 3.61% | |
| BBB | 8.38% | |
| BB | 2.38% | |
| B | 0.87% | |
| CCC | 0.24% | |
| CC | 0.01% | |
| C | 0.01% | |
| D | 0.00% | |
| NR (Non-rated) | 44.19% |
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| U.S. Equity | 27.02% | |
| International Equity | 20.14% | |
| Canadian Equity | 15.50% | |
| U.S. Bonds | 12.01% | |
| Mutual Funds | 8.75% | |
| International Bond Funds | 8.17% | |
| Cash and Equivalents | 4.61% | |
| Canadian Bonds | 1.31% | |
| Other | -0.05% |
Currency Allocation
| Colours | Name | Weight |
|---|---|---|
| United States dollar | 43.48% | |
| Canadian dollar | 31.91% | |
| Euro | 7.07% | |
| Pound sterling | 2.66% | |
| Japanese yen | 2.51% | |
| Hong Kong dollar | 1.65% | |
| South Korean won | 1.13% | |
| New Taiwan dollar | 1.04% | |
| Indian rupee | 0.86% | |
| Renminbi (Chinese) yuan | 0.75% | |
| Other | 4.39% |
Bond Term Allocation
| Colours | Name | Weight |
|---|---|---|
| Between 5 and 10 years | 48.62% | |
| Between 1 and 5 years | 25.48% | |
| More than 20 years | 16.22% | |
| Between 10 and 20 years | 9.69% |
Top 10 Holdings
| Name | Weight |
|---|---|
| Can Bond MA Base - Ser O | 4.81% |
| ROYAL BK OF CAD 4.2% 01OCT24 TD | 4.00% |
| United States Treasury Note, 4.38%, 5/15/2034 | 2.22% |
| Meta Platforms Inc. Cl A | 1.62% |
| iShares Comex Gold Trust ETF | 1.51% |
| Apple Inc. Com | 1.35% |
| Royal Bank of Canada Com | 1.16% |
| NVIDIA Corp. Com | 1.16% |
| United States Treasury Note, 3.75%, 5/31/2030 | 1.10% |
| High Yield Investments Directly Held | 1.01% |
Underlying Fund Holdings
| Name | Weight |
|---|---|
| Can Bond MA Base - Ser O | 4.81% |
| ROYAL BK OF CAD 4.2% 01OCT24 TD | 4.00% |
| United States Treasury Note, 4.38%, 5/15/2034 | 2.22% |
| Meta Platforms Inc. Cl A | 1.62% |
| iShares Comex Gold Trust ETF | 1.51% |
| Apple Inc. Com | 1.35% |
| Royal Bank of Canada Com | 1.16% |
| NVIDIA Corp. Com | 1.16% |
| United States Treasury Note, 3.75%, 5/31/2030 | 1.10% |
| High Yield Investments Directly Held | 1.01% |
Portfolio Manager(s)
Empire Life Investment Team
Empire Life Investment Team