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Starlight Global Balanced Fund Series AA

Global Neutral Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2015, 2013

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NAVPS
(11-01-2024)
$24.02
Change
$0.00 (-0.01%)

As at September 30, 2024

As at September 30, 2024

Period
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Legend

Starlight Global Balanced Fund Series AA

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Fund Returns

Inception Return (January 08, 2009): 6.35%

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 1.38% 4.29% 5.35% 9.36% 17.75% 10.36% 0.40% 1.96% 3.95% 3.72% 4.18% 4.04% 4.16% 4.48%
Benchmark 2.25% 5.52% 7.56% 13.77% 22.16% 16.11% 4.86% 5.75% 6.55% 6.63% 6.88% 6.53% 6.81% 7.54%
Category Average 1.80% 5.21% 6.15% 10.92% 18.92% 12.72% 3.80% 5.79% 5.42% 5.29% 5.18% 5.15% 5.35% 5.04%
Category Rank 1,519 / 1,710 1,421 / 1,709 1,401 / 1,678 1,412 / 1,678 1,222 / 1,654 1,461 / 1,617 1,470 / 1,471 1,338 / 1,339 1,116 / 1,268 1,048 / 1,163 848 / 1,037 769 / 933 711 / 840 525 / 724
Quartile Ranking 4 4 4 4 3 4 4 4 4 4 4 4 4 3

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -0.54% 5.62% 2.50% 0.69% 2.07% 1.02% -1.72% 1.84% 0.92% 2.97% -0.10% 1.38%
Benchmark 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25%

Best Monthly Return Since Inception

6.32% (April 2020)

Worst Monthly Return Since Inception

-6.37% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.62% 8.44% -0.43% 8.04% -2.44% 12.21% 14.06% 7.00% -18.51% 8.71%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking 3 1 4 2 2 3 1 4 4 3
Category Rank 454/ 643 161/ 766 854/ 866 305/ 950 424/ 1,091 727/ 1,203 69/ 1,285 1,084/ 1,370 1,496/ 1,507 1,079/ 1,625

Best Calendar Return (Last 10 years)

14.06% (2020)

Worst Calendar Return (Last 10 years)

-18.51% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 21.07
US Equity 20.34
Canadian Equity 19.07
Canadian Corporate Bonds 18.13
International Equity 4.96
Other 16.43

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 39.20
Mutual Fund 13.14
Financial Services 10.58
Technology 5.99
Consumer Services 5.07
Other 26.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.27
Europe 4.97
Multi-National 0.96
Latin America 0.87
Other -0.07

Top Holdings

Top Holdings
Name Percent
Starlight Global Growth Fund Series I 14.99
Starlight Private Global Infrastructure Pool Ser A 11.00
Starlight North American Equity Fund Series I 6.21
Canada Government 2.25% 01-Dec-2029 3.46
Ontario Province 1.75% 08-Sep-2025 2.83
Canada Government 1.75% 01-Dec-2053 2.34
Royal Bank of Canada 1.82
Canada Government 4.00% 01-Jun-2041 1.66
Brookfield Corp Cl A 1.50
Canada Government 3.00% 01-Jun-2034 1.34

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)

Starlight Global Balanced Fund Series AA

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 10.14% 9.69% 8.36%
Beta 1.06% 1.11% 0.98%
Alpha -0.05% -0.03% -0.03%
Rsquared 0.88% 0.89% 0.84%
Sharpe -0.24% 0.22% 0.38%
Sortino -0.27% 0.19% 0.29%
Treynor -0.02% 0.02% 0.03%
Tax Efficiency 54.95% 88.60% 93.70%
Volatility Volatility rating is 5 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 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.50% 10.14% 9.69% 8.36%
Beta 1.04% 1.06% 1.11% 0.98%
Alpha -0.05% -0.05% -0.03% -0.03%
Rsquared 0.92% 0.88% 0.89% 0.84%
Sharpe 1.83% -0.24% 0.22% 0.38%
Sortino 6.35% -0.27% 0.19% 0.29%
Treynor 0.11% -0.02% 0.02% 0.03%
Tax Efficiency 98.39% 54.95% 88.60% 93.70%

Fund Details

Start Date January 08, 2009
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $11

Fund Codes

FundServ Code Load Code Sales Status
SLC415

Investment Objectives

The investment objective of the Fund is to provide investors access to a global balanced fund seeking capital appreciation and a steady stream of current income.

Investment Strategy

In respect of the equity component of the Fund’s portfolio: Techniques such as fundamental analysis may be used to assess growth and value potential, with attention paid to both upside potential and downside risk. This means evaluating the financial condition and management of each company, its industry and the overall economy.

Portfolio Manager(s)

Name Start Date
Sunil Shah 11-01-2011
Michael Giordano 11-20-2017
Nayeem Islam 06-06-2022
Dennis Mitchell 07-07-2022
Sean Tascatan 01-16-2023
Jane Xie 01-20-2023

Management and Organization

Fund Manager Starlight Investments Capital LP
Advisor Starlight Investments Capital LP
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor -
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.94%
Management Fee 2.00%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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