Series

Investment Approach

The portfolio will seek to generate capital appreciation as well as some interest and dividend income by investing in a diversified portfolio of other mutual funds that meet the manager's socially responsible investment principles, with a bias towards Canadian equity mutual funds diversified with Canadian income and bond mutual fund holdings.

Key reasons to invest

Access to award winning Socially Responsible Investment (SRI) managers

Diversification by sector, country and asset class

Potential tax efficiency of distributions

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Daily Price

Calendar Year Returns (%)

Distributions

Distribution Frequency: Annually

Daily Price

Support Material

Commentaries

The portfolio manager notes that capital markets broadly experienced volatility in the quarter, led by the bond market where ultra-low yields, particularly in Europe, offered no protection from investors' rapidly changing growth and inflation expectations. Although global equity markets were weak, the portfolio manager believes that their relative performance fared well amidst bond volatility and the plethora of other concerns confronting markets in the quarter, including the drama surrounding Greece. There was no overt change in the normal growth-oriented asset mix of the Fund, but the portfolio manager notes that the cumulative outperformance of the equity component of the fund, relative to the bond component in recent quarters, has caused the Fund's equity weighting to rise modestly above its normal 60% level with a corresponding reduction in fixed income to slightly below 40%.

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Stephen_MacInnes

Stephen MacInnes, CFA
Portfolio Manager
Vancity Investment Management Inc.

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Facts & Fees

Purchase Minimums

Minimum Initial Buy: $500
Each Additional Investment:
(may be waived)
$50

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Important information and disclaimer

Returns are calculated, and year-by-year returns are shown, from December 4, 2009, the date of a material fund merger.