Investment Objective

Burlington Foundation’s investment policy aims to optimize total returns and maximize distributions, while ensuring the protection of capital against the effect of inflation.

Investment Committee

To ensure the goals of the Foundation are met, an Investment Committee of senior volunteers, with extensive knowledge in the investment field, provides oversight and monitors investment performance. The Investment Committee is responsible for:

  • Establishing Investment Policy
  • Establishing Target Asset Mix
  • Monitoring performance
  • Monitoring disbursement rate

Investment Managers

The Foundation employs several investment management firms to manage the funds in our care. By spreading our funds over several firms we can select money managers based on their area of expertise and diversify our holdings. 

Current Investment Managers:

  • Jarislowsky Fraser Limited
  • Connor, Clark and Lunn Private Capital Limited

Asset Classes

In order to achieve the appropriate levels of risk exposure balanced against return expectations, our Investment Policy allocates investments to the following asset classes:

Asset Class Min Target Max
Cash & Equivalents 2% 5% 10%
Bonds (*) 29% 39% 49%
Total Fixed Income   44%
Canadian Equity (**) 16%  26%  36%
Global Equity 20% 30% 40%
Total Equity 56%
100%

* includes up to 4% in High Yield Bonds as part of HCF IPS.

** includes up to 4% in Non-Traditional Assets including Real Estate and Infrastructure as part of HCF IPS.

Investment Policy

This Investment Policy applies to the Long Term and Short Term Investment Portfolios of Burlington Foundation. The Statement contains investment guidelines and monitoring procedures. 

Click here to download the complete Investment Policy 

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