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Desjardins Quebec Balanced Fund A Class

Canadian Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017, 2016, 2015, 2014

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NAVPS
(06-14-2024)
$23.44
Change
-$0.07 (-0.29%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

Desjardins Quebec Balanced Fund A Class

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Fund Returns

Inception Return (June 20, 1997): 6.13%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 3.34% 2.89% 6.37% 3.05% 6.93% 5.83% 0.94% 5.65% 3.36% 3.43% 3.29% 3.66% 3.47% 4.62%
Benchmark 1.52% 2.10% 6.41% 2.62% 9.74% 4.30% 3.00% 6.26% 5.46% 5.39% 5.17% 5.53% 4.84% 5.01%
Category Average 2.12% 7.17% 7.17% 3.82% 10.00% 4.53% 2.57% 5.64% 4.69% 4.33% 4.01% 4.43% 3.81% 4.10%
Category Rank 8 / 448 76 / 442 418 / 442 404 / 442 421 / 431 127 / 418 380 / 398 285 / 378 361 / 368 346 / 362 318 / 350 311 / 333 259 / 299 155 / 287
Quartile Ranking 1 1 4 4 4 2 4 4 4 4 4 4 4 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.06% -0.72% -1.04% -3.31% -1.17% 4.91% 3.23% -0.03% 0.18% 1.64% -2.04% 3.34%
Benchmark 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52%

Best Monthly Return Since Inception

8.65% (November 2020)

Worst Monthly Return Since Inception

-11.24% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 15.50% 1.34% 7.66% 7.61% -7.22% 14.51% 5.79% 4.27% -7.53% 8.41%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 1 2 3 1 4 2 3 4 2 3
Category Rank 24/ 286 116/ 299 182/ 331 83/ 344 301/ 355 92/ 365 220/ 374 388/ 389 152/ 409 241/ 429

Best Calendar Return (Last 10 years)

15.50% (2014)

Worst Calendar Return (Last 10 years)

-7.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 60.81
Canadian Government Bonds 30.83
Canadian Corporate Bonds 5.91
Cash and Equivalents 2.46
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 36.73
Financial Services 10.69
Consumer Services 9.11
Industrial Services 7.68
Consumer Goods 7.34
Other 28.45

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Quebec Province 3.60% 01-Sep-2033 12.52
Quebec Province 3.25% 01-Sep-2032 10.30
AtkinsRealis Group 3.88
Dollarama Inc 3.59
CDP Financial 3.95% 01-Sep-2029 3.35
National Bank of Canada 3.12
Gildan Activewear Inc Cl A 2.99
WSP Global Inc 2.94
iA Financial Corp Inc 2.93
Alimentation Couche-Tard Inc 2.92

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

Desjardins Quebec Balanced Fund A Class

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 9.32% 10.85% 8.59%
Beta 0.90% 0.98% 0.95%
Alpha -0.02% -0.02% 0.00%
Rsquared 0.84% 0.87% 0.82%
Sharpe -0.16% 0.17% 0.40%
Sortino -0.25% 0.12% 0.31%
Treynor -0.02% 0.02% 0.04%
Tax Efficiency - 63.83% 84.23%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.53% 9.32% 10.85% 8.59%
Beta 0.91% 0.90% 0.98% 0.95%
Alpha -0.02% -0.02% -0.02% 0.00%
Rsquared 0.88% 0.84% 0.87% 0.82%
Sharpe 0.26% -0.16% 0.17% 0.40%
Sortino 0.85% -0.25% 0.12% 0.31%
Treynor 0.02% -0.02% 0.02% 0.04%
Tax Efficiency 94.89% - 63.83% 84.23%

Fund Details

Start Date June 20, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $437

Fund Codes

FundServ Code Load Code Sales Status
DJT00060

Investment Objectives

The objective of this Fund is to provide unitholders with both a reasonable income return and long-term capital appreciation from a portfolio made up of Québec securities. Consequently, the Fund invests in various equity or debt securities issued by Québec companies, partnerships or cooperatives, in various debt securities issued or guaranteed by the Québec government or municipalities, or by other Québec public or para-public organizations, and in term deposits in Québec financial institutions.

Investment Strategy

For the management of fixed-income securities, the portfolio manager favours a management style that takes into account all of the risk factors for this type of security. Securities are selected from public, para-public and private securities issued by organizations that have their head office and principal decision-making centre in Québec.

Portfolio Manager(s)

Name Start Date
Desjardins Global Asset Management Inc. 03-16-2004

Management and Organization

Fund Manager Desjardins Investments Inc.
Advisor Desjardins Global Asset Management Inc.
Custodian Desjardins Trust Inc.
Registrar Desjardins Investments Inc.
Distributor Desjardins Investments Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.07%
Management Fee 1.64%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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