Global Income
Fund

The stabilizing component within a disciplined portfolio

This fund is designed to provide stability and income as part of a broader, well-structured portfolio.

It’s not built to eliminate risk or avoid all declines.

It’s built to support the portfolio when it matters.

What role it plays

The Global Income Fund is responsible for stability.

It helps reduce overall portfolio volatility and provides a more consistent source of income over time.

It is not expected to deliver high growth.
It’s expected to balance the parts of the portfolio that do.

How it’s built

This fund is constructed with a focus on diversification, risk management, and reliability.

• Exposure to a broad range of fixed income funds and investments
• Diversification across issuers, regions, and credit qualities
• A structure designed to manage risk, not chase yield
• No reliance on short-term interest rate forecasts

The goal is not to maximize income in the short term.
It’s to provide stability that holds up across different market conditions.

What it’s designed to do

• Provide stability within the portfolio
• Reduce overall volatility
• Generate a consistent stream of income
• Support the portfolio during periods of equity market stress

What it’s not designed to do

This is just as important.

The Global Income Fund is not designed to:

• Maximize yield at the expense of risk
• Remain unaffected during all market declines
• Predict interest rate movements
• Deliver equity-like returns

Trying to force these outcomes will introduce risks that will show up when you can least afford it.

What to expect

This fund is intended to feel more stable than equities, but not static.

Interest rates change.
Bond prices move.
Periods of lower returns can occur.

That’s not a failure of the approach.
It’s part of how fixed income works.

The role of this fund is not to eliminate movement.
It’s to make the overall portfolio more resilient.

How it fits with the rest of the portfolio

The Global Income Fund works alongside equity investments to create balance.

• Equities provide growth
• Fixed income provides stability

Together, they form a structure designed to:

• manage risk
• smooth the overall experience
• and support better long-term outcomes

Each part has a role.
Neither is expected to do everything.

Why it’s structured this way

This fund reflects the same principles that guide our overall approach:

• Markets are unpredictable
• Diversification matters
• Costs compound
• Behaviour drives outcomes

A stable portfolio is not created by avoiding risk entirely.
It’s created by managing it properly.

Nothing here is trying to impress you

We strive for stability, not income; higher yield usually means higher risk.
No complexity added to make the fund appear more sophisticated.
No effort to make it behave like something it’s not.

That’s intentional.

The goal is not to optimize for appearances.
It’s to provide stability you can rely on.