Investments

The Investment Committee of Synod is responsible, under Canon 39, for the management of the Consolidated Trust Fund (CTF) and the Cemetery Fund. The committee meets four times a year to review the results of the funds and to set policy directions. The Investment Policy Statement can be found in the Parish Finance Manual.

The CTF provides a convenient investment vehicle for the investment, endowment and trust funds of the Diocese, its parishes and organizations. The investment policy for the fund is governed by the Ontario Trustee Act.

As of July 15, 2012, the Investment Committee has given the management of the funds to three managers: Foyston, Gordon and PayneLetko Brosseau and Associates Inc. and Scotia Asset Management.  RBC Dexia is the custodian for the funds.

Scotia Asset Management is the investment manager for the Cemetery Fund and Scotiatrust is the trustee. The fund managers’ performance is measured against a moving five-year benchmark. For bonds, the benchmark is the Dex Universe Bond; for stocks, the benchmark is the S&P/TSX Composite.

Dividend Distribution Rates

The CTF Dividend Distribution rate for 2017 is 4.25% or $9.20/unit.

The Cemetery Fund Dividend Distribution rate for 2017 is 4.25% or $6.56/unit.

Gifts of Marketable Securities

To make a gift of marketable securities, please download a “letter of direction”.

Investment Manager Performance Reports

Consolidated Trust Fund

Cemetery Trust Fund