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Addenda Global Balanced Fund Series A

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Global Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-16-2025) 		$11.22
Change
$0.02 (0.21%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025$9,000$10,000$11,000$12,000$8,000$13,000Period

Legend

Addenda Global Balanced Fund Series A

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Fund Returns

Inception Return (March 31, 2022): 4.29%

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 -1.02% -3.64% 1.83% -0.39% 10.16% 7.75% 6.14% - - - - - - -
Benchmark -2.19% -4.23% 1.37% -1.63% 11.00% 10.11% 8.82% 5.03% 6.22% 5.84% 6.18% 5.77% 6.97% 6.59%
Category Average -1.53% -3.30% 0.71% -0.84% 8.59% 7.60% 5.79% 3.60% 6.15% 4.75% 4.87% 4.51% 5.24% 4.46%
Category Rank 217 / 1,770 920 / 1,769 288 / 1,768 529 / 1,769 460 / 1,734 904 / 1,672 907 / 1,624 - - - - - - -
Quartile Ranking 1 3 1 2 2 3 3 - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.48% 0.03% 3.86% 0.45% 2.38% -0.22% 3.04% -0.79% 3.38% -0.58% -2.07% -1.02%
Benchmark 1.73% 1.79% 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72% -0.03% -2.06% -2.19%

Best Monthly Return Since Inception

6.48% (November 2023)

Worst Monthly Return Since Inception

-5.25% (June 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - - - 10.59% 12.22%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53% 12.15%
Quartile Ranking - - - - - - - - 2 3
Category Rank - - - - - - - - 537/ 1,671 1,122/ 1,724

Best Calendar Return (Last 10 years)

12.22% (2024)

Worst Calendar Return (Last 10 years)

10.59% (2023)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 28.24
Canadian Government Bonds 18.71
US Equity 16.16
International Equity 13.34
Canadian Corporate Bonds 7.94
Other 15.61

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 35.13
Financial Services 11.90
Technology 10.97
Basic Materials 7.52
Cash and Cash Equivalent 6.80
Other 27.68

Geographic Allocation

Geographic Allocation
Name Percent
North America 85.94
Europe 12.19
Asia 1.86
Latin America 0.42
Multi-National 0.03
Other -0.44

Top Holdings

Top Holdings
Name Percent
NEI Global High Yield Bond Fund Series A 4.77
NEI Global Impact Bond Fund A 4.41
Canada Government 07-May-2025 2.96
Canada Government 2.25% 01-Dec-2029 2.22
Ontario Province 1.85% 01-Feb-2027 2.12
Brookfield Corp Cl A 1.72
Hydro-Quebec 4.00% 15-Feb-2055 1.60
Toronto-Dominion Bank 1.52
Royal Bank of Canada 1.51
Agnico Eagle Mines Ltd 1.42

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return456789101112131415-2%0%2%4%6%8%10%12%

Addenda Global Balanced Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.62% - -
Beta 1.09% - -
Alpha -0.03% - -
Rsquared 0.89% - -
Sharpe 0.26% - -
Sortino 0.56% - -
Treynor 0.02% - -
Tax Efficiency - - -
Volatility 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 6.75% 9.62% - -
Beta 0.97% 1.09% - -
Alpha 0.00% -0.03% - -
Rsquared 0.83% 0.89% - -
Sharpe 0.92% 0.26% - -
Sortino 2.30% 0.56% - -
Treynor 0.06% 0.02% - -
Tax Efficiency 96.62% - - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A59.1​59.136.9​36.90%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A63.2​63.243.5​43.50%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A61.2​61.236.7​36.70%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A50.8​50.838.1​38.10%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date March 31, 2022
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
ADD110

Investment Objectives

The investment objective of this Fund is to provide long-term capital growth and generate dividend and interest income by investing in domestic and foreign equity as well as fixed income securities through a sustainable investment approach. Such investments may be made by the Fund either directly or indirectly through investments in other mutual funds, including ETFs.

Investment Strategy

To achieve the Fund’s investment objectives, the manager uses strategic asset allocation as the principal investment strategy.

Portfolio Management

Portfolio Manager

Addenda Capital Inc.
Sub-Advisor

-

Management and Organization

Fund Manager

Addenda Capital Inc.
Custodian

CIBC Mellon Trust Company
Registrar

CIBC Mellon Global Securities Services Company
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 50
SWP Min Withdrawal -

Fees

MER 1.81%
Management Fee 1.50%
Load Back Fee Only
FE Max -
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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