Objective

The Fund aims to provide investors with a superior real rate of return through both capital appreciation and income by investing in a diversified portfolio of equities, Canadian, U.S. and international, fixed income and cash investments.

Canadian stocks are chosen for their growth potential. This means the stock’s expected earnings growth is faster than the expected earnings growth for the overall market. U.S. and international stocks chosen are considered either to be undervalued or have prospects for above average earnings growth.

The Fund’s fixed income component will primarily invest in high quality debt. Returns in excess of income will be gained through active duration, yield curve and sector management.

McLean Budden adjusts the Fund’s asset mix percentages periodically to take advantage of market opportunities, but stays within the following ranges: stocks 52 to 64%, fixed income 27 to 47% and cash 0 to 15%.

Fund Startup		February 1993
Inception of Composite		July 1, 1992
Distribution Frequency		Quarterly
DC/DB Pensions Eligible		Yes
Individual RRSP Eligible		No

Fund Managers:

McLean Budden Asset Mix, Canadian Equity Growth, U.S. Equity, International Equity and Fixed Income Teams

Volatility Profile

The MB Balanced Growth Pension Fund is suitable for clients with a moderate risk tolerance and a medium to longer-term investment time horizon.

The Fund invests in a broad array of assets (stocks, bonds and cash) therefore; it is less risky than an investment in a single asset class. However, the Fund will increase or decrease in value based on the market value of the assets it holds.