| Portfolio | Highstreet Dividend Income Fund |
| Lead Portfolio Manager* | Stephen Duench |
| Benchmark** | S&P/TSX Composite Total Return Index |
| Fund Report | October 2024 |
Objective
The investment objectives of the Fund are to provide investors with:
- Attractive levels of income on a regular basis
- Lower volatility compared to the benchmark
- The opportunity for capital appreciation
Process
The Fund follows a disciplined, quantitative investment approach. The portfolio is managed to generate attractive levels of income, quality and risk characteristics.
A 'bottom-up' stock selection approach employing Income, Quality, Growth and Valuation is the foundation of the Fund’s investment process. The equity investment universe is comprised of large, well established, dividend paying Canadian and U.S. equities. In addition, Canadian bonds that have a credit rating of at least A- are considered when they can help the Fund deliver upon its objectives of providing attractive levels of income.
Performance Overview - Annualized Returns
| 3 MO % | YTD % | 1 Year % | 3 Year % | 5 Year % | 10 Year % | SPSD % |
|---|---|---|---|---|---|---|
| 9.3 | 15.4 | 25.3 | 10.5 | 11.6 | 10.1 | 11.5 |
Performance as of September 30th, 2024. Since Performance Start Date (PSD) - November 30, 2012. All information is in Canadian dollars. The performance presented is gross of management fees and administrative (fund) expenses and rates of return for greater than one year have been annualised. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends and distributions. Performance is historical and is not intended to be indicative of future returns.
*Effective January 1, 2020, all members of the Highstreet Pooled Funds Investment Team are employees and registrants of AGF Investments Inc., an affiliate of Highstreet Asset Management Inc. Effective April 1, 2020 the Investment Fund Manager, Portfolio Manager and Trustee of the Highstreet Pooled Funds is AGF Investments Inc. The Highstreet Pooled Funds are investment vehicles offered exclusively to clients of Highstreet Asset Management Inc.
Pursuant to exemptive relief, Stephen Duench is dually registered as an advising representative of Highstreet Asset Management Inc. and AGF Investments Inc. (“AGFI”), Highstreet’s parent company.
**As of April 1, 2023, the Highstreet Dividend Income Fund’s (“the Fund”) Benchmark changed from the S&P/TSX Composite Dividend Index to the S&P/TSX Composite Total Return Index. During the period from October 1, 2021, to March 31, 2023, the Fund’s Benchmark was the S&P/TSX Composite Dividend Index. Prior to October 1, 2021 the Fund’s benchmark was the S&P/TSX Composite Total Return Index. In all cases, the benchmark changes were applied from that date forward.
The Highstreet Pooled Funds are prospectus-exempt products and are offered on a private placement basis. Units are offered on a continuous basis to investors who meet the definition of an ‘accredited investor’. Units of the funds are offered to residents in provinces and territories of Canada pursuant to exemptions set forth under National Instrument 45-106 from the prospectus requirements. Please read the offering memorandum before investing in Pooled Funds.