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The Investment Guidelines for all portfolios within The One Investment Program provide limits within each portfolio for each class of security that is permitted under the Municipal Act. The investment guidelines vary across all four current One Program portfolios and all are strictly adhered to by our professional investment managers, and reviewed by the One Advisory Committee regularly.
Limits for individual issuers within each portfolio category have been established based on credit quality which, in turn, is largely based on ratings of the major Canadian rating agencies. Lower rated and unrated money market instruments are not permitted options for investment by One.
Should the rating of an existing portfolio investment holding change to below acceptable standards as defined in the legislation, One commits to liquidate the investment within 90 days of the day the investment falls below the standard, or within such other time period as may be consistent with the more stringent Investment Guidelines set internally for that portfolio.
Both of the professional investment managers retained by The One Investment Program (McLean Budden Limited and Guardian Capital LP) have significant in-house research and analytical capabilities that ensure that the One Program portfolio investment strategies are sound and that all issuers on the eligible list have passed rigorous analytical reviews related to balance sheet conditions, operating results and overall corporate management quality.
Download the Eligible Invest Guidelines for each One portfolio:
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