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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
(04-15-2024)
$22.65
Change
-$0.11 (-0.46%)

As at March 31, 2024

As at March 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): 6.12%

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 1.64% -0.03% -1.17% 1.80% 3.15% 2.20% 1.62% 7.07% 3.42% 3.51% 3.40% 3.76% 3.32% 4.71%
Benchmark 2.49% 3.02% 11.45% 3.02% 8.50% 2.25% 4.35% 8.81% 5.72% 5.93% 5.33% 5.97% 4.90% 5.27%
Category Average 1.86% 11.41% 11.41% 3.77% 8.76% 2.37% 3.43% 7.70% 4.72% 4.57% 4.21% 4.68% 3.79% 4.24%
Category Rank 352 / 447 444 / 447 442 / 445 444 / 447 434 / 436 274 / 417 385 / 394 330 / 383 365 / 372 353 / 362 320 / 349 321 / 337 273 / 304 155 / 292
Quartile Ranking 4 4 4 4 4 3 4 4 4 4 4 4 4 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.66% -3.00% 2.06% -0.72% -1.04% -3.31% -1.17% 4.91% 3.23% -0.03% 0.18% 1.64%
Benchmark 2.00% -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49%

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 1 3 4 2 3
Category Rank 24/ 291 115/ 304 185/ 336 82/ 349 306/ 360 91/ 370 219/ 379 393/ 394 154/ 414 243/ 434

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 57.81
Canadian Government Bonds 37.74
Cash and Equivalents 2.47
Canadian Corporate Bonds 1.98

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 39.71
Financial Services 10.61
Consumer Services 9.07
Industrial Services 7.47
Real Estate 7.25
Other 25.89

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Quebec Province 3.60% 01-Sep-2033 9.30
Quebec Province 3.25% 01-Sep-2032 8.62
Quebec Province 1.90% 01-Sep-2030 8.60
Quebec Province 1.50% 01-Sep-2031 5.71
SNC-Lavalin Group Inc 3.98
National Bank of Canada 3.53
Dollarama Inc 3.50
WSP Global Inc 3.26
Canadian National Railway Co 3.15
Alimentation Couche-Tard Inc 2.94

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 9.12% 10.72% 8.52%
Beta 0.89% 0.98% 0.95%
Alpha -0.02% -0.02% 0.00%
Rsquared 0.85% 0.87% 0.82%
Sharpe -0.07% 0.19% 0.42%
Sortino -0.15% 0.12% 0.33%
Treynor -0.01% 0.02% 0.04%
Tax Efficiency 30.46% 64.46% 84.38%
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 8.35% 9.12% 10.72% 8.52%
Beta 0.85% 0.89% 0.98% 0.95%
Alpha -0.04% -0.02% -0.02% 0.00%
Rsquared 0.94% 0.85% 0.87% 0.82%
Sharpe -0.16% -0.07% 0.19% 0.42%
Sortino 0.08% -0.15% 0.12% 0.33%
Treynor -0.02% -0.01% 0.02% 0.04%
Tax Efficiency 88.96% 30.46% 64.46% 84.38%

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) $442

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 -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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