Stone Investment Group Limited » Products » Global Balanced Fund

Ideal as a core holding for investors wanting exposure to domestic and foreign equities, as well as fixed income securities.

Fund Details

Fund Type

Global Neutral Balanced

Fund Mandate

Pure Total Return®

Manager

Stone Asset Management Limited

Portfolio Manager

Stone Asset Management Limited

Fund Net Assets

$84.7 million

Distribution

For Series L, AA, BB and FF: Monthly income and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash. For Series T8A, T8B and T8C: Target annual rate of 8% of the security’s net asset value on the last day of the previous calendar year. Income or return of capital or both monthly and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash.

Inception Date

December, 1996

Minimal Initial Investment

$1,000 (L) – $5,000 (AA, FF & T8A)

Why Invest


  • Simple mandate where 60% is invested in dividend paying stocks and 40% is invested in government and corporate bonds.
  • One-stop shopping for asset allocation.
  • Award-winning Equity & Fixed Income portfolio managers.

Purchase Options

Series Type Code Current NAVPS Prior NAVPS NAVPS Change Net Asset Value Last Updated
AA Front SCL415 $ 19.1530 $ 19.1644 -0.06% $ 11,959,740 20/09/2017
*BB DSC SCL416 $ 18.4000 $ 18.4111 -0.06% $ 1,791,378 20/09/2017
FF Eligible SCL417 $ 20.4318 $ 20.4435 -0.06% $ 8,099,632 20/09/2017
T8A Front SCL4458 $ 7.4059 $ 7.4103 -0.06% $ 20,795,018 20/09/2017
*T8B DSC SCL4468 $ 7.1546 $ 7.1589 -0.06% $ 32,920,787 20/09/2017
*T8C Low SCL4488 $ 7.1369 $ 7.1412 -0.06% $ 3,249,816 20/09/2017
L Low SCL419 $ 14.4358 $ 14.4445 -0.06% $ 4,469,060 20/09/2017
* Closed to new purchases.

Portfolio Managers

Mohsin Bashir
Vice President, InvestmentsMohsin BashirCFA, BA
Vice President, InvestmentsManager Start Date:2012
Experience:11 years of Investment Management
Sunil Shah
Lead Portfolio Manager Aviva Investors Canada Inc.Sunil ShahCFA, BA
Lead Portfolio Manager Aviva Investors Canada Inc.Manager Start Date:2012
Experience:11 years of Investment Management
Robert Prospero
Associate Portfolio Manager Aviva Investors Canada Inc.Robert ProsperoCFA
Associate Portfolio Manager Aviva Investors Canada Inc.Manager Start Date:2016
Experience: 8 years of Investment Management

Fund Performance (%)

COMPOUND DATA 1 Month 3 Month 6 Month Year To Date 1 Year 3 Year 5 Year 10 Year Since Inception
T8A Composite (0.0) (4.7) 1.9 4.3 3.1 4.5 7.5 5.3 5.3
Benchmark 0.1 (2.3) (0.5) 1.1 3.3 4.6 8.1 4.9 5.9
Last Update: 8/31/17


CALENDAR RETURN 20162015201420132012201120102009200820072006
A/T8A Composite 8.0 0.9 10.3 18.4 (14.4) 2.0 3.3
Benchmark 10.7 1.9 12.8 12.2 7.1 1.2 11.8 17.7 (16.3) 4.0 12.6
Benchmark: 40% S&P/TSX Composite, 20% S&P 500 $C, 40% FTSE TMX Canada Universe Bond. Effective August 22, 2017 the weighting changed to 15% S&P/TSX Composite, 15% S&P 500, 30% MSCI World and 40% FTSE TMX Canada Universe Bond.

Growth of $10,000 Since Inception

Portfolio Composition (%)

Top Holdings (%)

HOLDINGS
1 Stone Global Growth Fund, Sr. A 26.8%
2 Stone EuroPlus Fund, Sr. A 17.8%
3 Province of Ontario, 1.350%, 03/08/22 1.6%
4 Bank of Nova Scotia 1.2%
5 Province of Ontario, 4.650%, 06/02/41 1.2%
6 Canada Housing Trust, 1.150%, 12/15/21 1.1%
7 Canada Housing Trust, 1.500%, 12/15/21 1.0%
8 Province of Quebec, 3.500%, 12/01/45 1.0%
9 Royal Bank of Canada 1.0%
10 Province of Quebec, 4.500%, 12/01/19 1.0%
Total 53.7%