Institutional Funds

Investment Strategy

The Fund seeks to provide investors with the benefits of flexibility and cost effectiveness within a transparent fund structure, to gain exposure to two times the benchmark through the use of repurchase and reverse repurchase agreements. A provincial spread overlay strategy will be implemented on top of the RRB exposure to seek to capture the higher Provincial bond yield above the Federal bond yield and will be actively managed to help add additional absolute returns and improve the expected risk-adjusted returns.

Investment Objective

The investment objective of the Fund is to seek to provide a return in excess of 2 times the return of the Government of Canada Real Return bond market, net of funding costs and other expenses, in order to provide a hedge against liabilities of an investor that is sensitive to changes in real interest rates.

Who Should Invest

The Fund is designed for Canadian pension plans seeking to better match the interest rate exposure associated with their pension liabilities by increasing their real return fixed income exposure.

Fund Facts

Asset Class	Long Fixed Income
Management Philosophy	Active
Inception Date	August 15, 2018
Benchmark	2 x FTSE Canada Real Return Bond Index - 1 Month CDOR

Details

NAV($) / Yield (%)	10.0000 (As of -)
Distribution Date	December 31, 2020
Income Distribution	0.9820
Capital Distribution	0.0000
Total Distribution	0.9820
AUM (in millions)	29.42 (As of December 31, 2020)
Distribution Frequency	Annual

Performance

	1 M	3 M	YTD	1 Y	2 Y	3 Y	4 Y	5 Y	10 Y	Since Inception
Fund	0.60	3.80	24.87	24.87	20.22	-	-	-	-	13.56
Benchmark	0.49	3.51	24.48	24.48	19.32	-	-	-	-	13.61

Note: Fund performance is before fees but after expenses

Yearly Performance

	2019	2018	2017	2016	2015
Fund	15.74	-	-	-	-
Benchmark	14.36	-	-	-	-