The objective of the Payout Balanced Fund is to accommodate the needs of investors who are drawing upon their assets for income purposes, but still wish to remain invested primarily in a diversified portfolio of stocks and bonds. The fund is structured more defensively than the Balanced Fund in that the proportion held in bonds and shorter-term securities is slightly greater to reflect the annual requirement for income withdrawal and the need for lower volatility. The average term to maturity of the bonds held has also been reduced to adjust for the income needs of the typical investor.
Michel Pelletier (Started: Dec 1, 2003)
Neil Matheson (Started: Jan 1, 2012)
Marie-Eve Savard (Started: Jan 1, 2012)
Standard Life Investments Inc.
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