Results

year
2020
month
APRIL

Monthly Performance Report / April 2020

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MONTHLY RESULTS

GTAA Growth (CAD-based accounts)

JanFebMarAprMayJunJulAugSepOctNovDecYTD
2017 -- -- -- -- -- -- -- 0.1% 0.5% 1.6% 0.5% 1.3% 4.1%
2018 1.3% -2.7% -0.3% -0.2% 0.6% 0.8% 0.9% 0.9% -1.1% -1.7% 0.2% 1.6% 0.2%
2019 0% 0.7% 1.4% 1.5% -2.9% 0.7% -0.2% 3.7% 0.4% 0.6% 0.7% 2% 8.8%
2020 -0.8% -2.9% -2.9% 1.9% -- -- -- -- -- -- -- -- -4.7%

GTAA Growth (USD-based accounts)

JanFebMarAprMayJunJulAugSepOctNovDecYTD
2017 -- -- -- -- -- -- -- 1.3% 0.9% 1.1% 0.5% 1.4% 5.3%
2018 2% -3.4% -0.2% -0.1% 0.4% 0.6% 1% 0.7% -0.4% -2% -0.1% 0.9% -0.7%
2019 1.1% 0.3% 1.6% 1.5% -2.9% 1.3% -0.2% 2.9% 0.6% 1.1% 0.7% 2.3% 10.7%
2020 -1% -3.1% -3.4% 2.2% -- -- -- -- -- -- -- -- -5.4%
PORTFOLIO ALLOCATION

For the month of April 2020, the GTAA strategy continued to shun risk, maintaining the defensive stance that it assumed at the end of February.

The portfolio remained 75% invested in short-term U.S. investment grade corporate bonds and 25% invested in U.S. Treasuries.

In terms of performance attribution, our short-term investment grade bond position rose 2.76% during the month, and our U.S. Treasury position rose 1.22%. These gains were partially offset in our CAD-based accounts by a 25% long USD vs. CAD position, which fell 1.2%.