April 30, 2026
A value-oriented fund seeking strong dividend income and long-term growth.
Is this fund right for you?
- You want your money to grow over a longer term.
- You want to invest in common and preferred equities of companies anywhere in the world.
- You're comfortable with a moderate level of risk.
RISK RATING
How is the fund invested? (as of April 30, 2026)
| Name | Percent |
|---|---|
| International Equity | 67.0 |
| US Equity | 31.9 |
| Cash and Equivalents | 1.2 |
| Other | -0.1 |
| Name | Percent |
|---|---|
| United States | 31.9 |
| France | 11.7 |
| Switzerland | 9.9 |
| Sweden | 7.4 |
| Finland | 4.6 |
| Ireland | 4.5 |
| Germany | 3.7 |
| Korea, Republic Of | 3.6 |
| Italy | 3.5 |
| Other | 19.2 |
| Name | Percent |
|---|---|
| Healthcare | 18.1 |
| Financial Services | 17.4 |
| Consumer Goods | 13.2 |
| Utilities | 11.1 |
| Technology | 9.2 |
| Industrial Goods | 7.9 |
| Energy | 6.8 |
| Basic Materials | 6.4 |
| Consumer Services | 4.5 |
| Other | 5.4 |
Growth of $10,000 (since inception)
For the period 01/12/2015 through 04/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $20,208
Fund details (as of April 30, 2026)
| Top holdings | Percent (%) |
|---|---|
| Novartis AG Cl N | 3.7 |
| Exxon Mobil Corp | 3.7 |
| Allianz SE | 3.7 |
| Samsung Electronics Co Ltd - Pfd | 3.6 |
| Procter & Gamble Co | 3.6 |
| Terna Rete Elettrica Nazionale SpA | 3.5 |
| Sandvik AB | 3.4 |
| CME Group Inc Cl A | 3.4 |
| National Grid PLC | 3.3 |
| Gaztransport et Technigaz SA | 3.1 |
| Total allocation in top holdings | 35.0 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 9.73% |
| Dividend yield | 3.26% |
| Yield to maturity | - |
| Duration (years) | - |
| Coupon | - |
| Average credit rating | Not rated |
| Average market cap (million) | $320,594.2 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 1.03 | 6.33 | 5.23 | 16.76 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 10.12 | 7.76 | 6.68 | 6.43 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 17.24 | 7.97 | 7.97 | -4.24 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 8.38 | -1.53 | 12.06 | -1.89 |
Range of returns over five years (February 01, 2015 - April 30, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 9.66% | Oct 2025 | 0.51% | Oct 2022 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 4.37% | 100 | 76 | 0 |
Q1 2026 Fund Commentary
Commentary and opinions are provided by Keyridge Asset Management Limited.
Market commentary
The first quarter of 2026 was marked by pronounced volatility as financial markets moved to price in the impact of the escalation of conflict in the Middle East. Uncertainty rose sharply after hostilities broadened at the end of February. Markets grappled with the extent of damage to energy infrastructure in a region that is one of the largest exporters of oil and natural gas, and with the risk of ongoing disruption in the Strait of Hormuz. Supply chains from food production to industrial gases were affected, with the potential to push inflation higher.
Performance
A holding in Exxon Mobil Corp. contributed to the Fund’s performance during the quarter. Holdings in Samsung Electronics Co. Ltd. and Johnson & Johnson also contributed to performance.
At a sector level, stock selection in the information technology and industrials sectors contributed to the Fund’s performance.
A holding in Compagnie Financiere Richemont SA detracted from the Fund’s performance during the quarter. Holdings in CRH PLC and Coloplast AS also detracted from performance.
Allocation in the energy and financials sectors detracted from the Fund’s performance.
Portfolio activity
The sub-advisor added to the Fund a holding in Novo Nordisk AS. The sub-advisor sold the Fund’s holdings in SGS SA and SK Telecom Co. Ltd.
Outlook
The sub-advisor searches global equity markets for attractively valued companies and isn’t driven by macro events. The sub-advisor doesn’t include macro forecasting in the search or selection process.
Summary
For the period 01/12/2015 through 04/30/2026 with $10,000 CAD investment
Total returns performance
102.08%
Last price
$20.21 CAD
as of market close 04/30/2026
Value of $10,000 investment
$20,207.65 CAD
