With some level of stability returning to the energy markets, this Canadian neutral balanced fund rebounded nicely in the first quarter. The advisor sold units gained an impressive 3.25%, outpacing its benchmark and peer group. While this is encouraging, it is not enough for me to keep it on the Recommended List. While the bond portion is solid, the equities have been merely average. Returns have disappointed and volatility has been on the rise. I will continue to monitor the fund for any meaningful improvement in the outlook.