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 Portfolio Profile
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Axiom Balanced Income Portfolio |
Investment Objective
The Portfolio will seek to:
- Create a diversified portfolio of investments across several asset classes
- Invest primarily in mutual funds
- Achieve a mix of high current income and some long-term capital growth by investing
- primarily in a diversified blend of income and bond mutual funds, along with equity mutual funds.
We will not change the fundamental investment objectives of the Portfolio without the consent of unitholders by a majority of votes cast at a meeting of unitholders.
Portfolio Specifications
Minimum Initial Investment Lump Sum**:
- Class A & Class F - $25,000 in both registered and non-registered accounts.
- Select Class - $250,000 in both registered and non-registered accounts.
- Elite Class - $500,000 in both registered and non-registered accounts.
$100 for additional investments. Householding to meet minimum is available.
Distribution of Earnings:
Income and capital gains accumulated to date are intended to be distributed in the month of December.
Pre-Authorized Chequing Investment (PAC):
$50 minimum investment for monthly, quarterly, semi-annual or annual deposit.
Systematic Withdrawal Plan:
Withdrawal may be made monthly, quarterly, semi-annually or anually. $50 minimum.
- $25,000 account minimum for Class A and Class F
- $250,000 account minimum for Select Class
- $500,000 account minimum for Elite Class
| ATL Codes | Front-End Load |
Back-End Load |
Low Load |
|---|---|---|---|
Class A |
ATL975 | ATL976 | ATL977 |
Class-T4 |
ATL2601 | ATL2603 | ATL2602 |
Class-T6 |
ATL2604 | ATL2606 | ATL2605 |
Class-T8 |
ATL2607 | ATL2609 | ATL2608 |
Select Class |
ATL926 | ATL928 | ATL927 |
Select-T4 |
ATL2610 | ATL2612 | ATL2611 |
Select-T6 |
ATL2616 | ATL2618 | ATL2617 |
Select-T8 |
ATL2622 | ATL2624 | ATL2623 |
Elite Class |
ATL950 | ATL952 | ATL951 |
Elite-T4 |
ATL2613 | ATL2615 | ATL2614 |
Elite-T6 |
ATL2619 | ATL2621 | ATL2620 |
Elite-T8 |
ATL2625 | ATL2627 | ATL2626 |
Class F |
ATL981 | ||
Class A † |
1.97% |
Select Class † |
1.79% |
Elite Class † |
1.34% |
Class F † |
1.18% |
Includes applicable taxes
Current Target Composition
| Frontiers Pools | Weightings |
8.8
|
|
60
|
|
10
|
|
6
|
|
3
|
|
0 |
|
12.2
|
|
100% |
Performance and Volatility
| Performance: June 30, 2010 | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception* |
| (0.9%) | 0.4% | 6.4% | 0.6% | 2.3% | N/A | 0.4% | 2.6% |
| Since Inception date: March 15, 2005 | |||||||
**Class A & Class F
The minimum initial investment is $25,000. This minimum can be met by combining investments of immediate family members (parents, spouse, or children) of at least $10,000 per family member.
Select Class
The minimum initial investment is $250,000. This minimum can be met by combining investments of immediate family members (parents, spouse, or children) of at least $50,000 per family member.
Elite Class
The minimum initial investment is $500,000. This minimum can be met by combining investments of immediate family members (parents, spouse, or children) of at least $100,000 per family member.
†Annualized MERs for the period ending February 28, 2009 (as disclosed in each fund or portfolio's annual management report of fund performance). Renaissance Investments may have waived fees or absorbed expenses otherwise payable by a fund. At the discretion of Renaissance Investments, this practice may continue indefinitely and can be terminated at any time.
Management fees for Class A and Class F units are outlined in the Simplified Prospectus of the Portfolios. Management fees for Select Class and Elite Class units will vary, but will not exceed the difference between the capped MER for that Class and the Portfolio’s operating expenses. There are currently no management fees payable by the Class O units of the Underlying Pools in respect of the investment by the Portfolio in such Class O units. No management fees are payable by the Portfolio that would duplicate a fee payable by the Underlying Pool(s) for the same service.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Axiom Portfolios simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns for the Class A units, as at June 30, 2010 , including changes in unit value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.