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Evolve Active Core Fixed Income Fund - Unhedged ETF Units (FIXD : NEO)

Canadian Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021

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Close
(01-20-2025)
$18.09
Change
$0.03 (0.17%)
Open -
Day Range - - -
Volume 0

As at December 31, 2024

As at December 31, 2024

Period
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Legend

Evolve Active Core Fixed Income Fund - Unhedged ETF Units

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Fund Returns

Inception Return (March 28, 2018): 2.03%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.49% 0.52% 4.97% 5.53% 5.53% 6.46% -0.30% 0.02% 1.83% 2.42% - - - -
Benchmark -0.52% -0.10% 4.43% 4.10% 4.10% 5.24% -0.65% -1.17% 0.71% 1.73% 1.67% 1.79% 1.77% 1.95%
Category Average -0.81% 4.10% 4.10% 3.67% 3.67% 4.91% -1.12% -1.54% 0.33% 1.29% 1.05% 1.17% 1.22% 1.20%
Category Rank 107 / 665 40 / 661 102 / 644 71 / 628 71 / 628 66 / 603 176 / 588 49 / 558 37 / 527 64 / 497 - - - -
Quartile Ranking 1 1 1 1 1 1 2 1 1 1 - - - -

Monthly Return

Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund -1.00% -0.15% 0.61% -1.74% 1.80% 1.05% 2.20% 0.35% 1.83% -0.62% 1.65% -0.49%
Benchmark -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52%

Best Monthly Return Since Inception

5.26% (April 2020)

Worst Monthly Return Since Inception

-5.04% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - 5.43% 9.40% 0.98% -12.56% 7.40% 5.53%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.67%
Quartile Ranking - - - - 4 1 1 4 1 1
Category Rank - - - - 418/ 497 113/ 527 13/ 558 469/ 588 95/ 603 71/ 628

Best Calendar Return (Last 10 years)

9.40% (2020)

Worst Calendar Return (Last 10 years)

-12.56% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 51.79
Canadian Government Bonds 32.22
Foreign Corporate Bonds 8.67
Cash and Equivalents 5.54
Canadian Bonds - Other 0.96
Other 0.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.32
Cash and Cash Equivalent 5.54
Industrial Services 0.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.40
Europe 7.23
Latin America 0.21
Multi-National 0.16

Top Holdings

Top Holdings
Name Percent
Evolve Active Global Fixed Income Fund ETF (EARN) 10.72
Quebec Province 4.40% 01-Dec-2055 5.68
Canada Government 3.50% 01-Mar-2034 4.63
Canada Government 3.50% 01-Mar-2028 4.33
Royal Office Finance LP 5.21% 12-Nov-2032 4.00
55 School Board Trust 5.90% 02-Jun-2033 3.29
Hospital for Sick Children 5.22% 16-Dec-2049 3.15
Hydro-Quebec 6.00% 15-Feb-2040 2.84
TransCanada Trust 4.65% 18-May-2027 2.60
Canada Government 0.25% 01-Mar-2026 2.58

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Evolve Active Core Fixed Income Fund - Unhedged ETF Units

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.22% 6.90% -
Beta 0.99% 0.99% -
Alpha 0.00% 0.01% -
Rsquared 0.93% 0.86% -
Sharpe -0.51% -0.04% -
Sortino -0.58% -0.20% -
Treynor -0.04% 0.00% -
Tax Efficiency - 22.20% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.41% 7.22% 6.90% -
Beta 0.71% 0.99% 0.99% -
Alpha 0.03% 0.00% 0.01% -
Rsquared 0.71% 0.93% 0.86% -
Sharpe 0.25% -0.51% -0.04% -
Sortino 0.94% -0.58% -0.20% -
Treynor 0.02% -0.04% 0.00% -
Tax Efficiency 72.96% - 22.20% -

Fund Details

Start Date March 28, 2018
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $18.35
52 Week Low $16.77
Annual Dividend $0.66
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

Foyston, Gordon & Payne Inc. is retained as sub-advisor. Actively managed with the objective to provide a stable rate of return, through income, and capital appreciation. FIXD seeks to invest primarily in domestic and international high quality fixed income securities and to a lesser extent, adding yield or enhancing returns on the portfolio by investing in international fixed income securities, emerging market debt, preferred shares, convertible bonds and non-investment grade bonds.

Investment Strategy

FIXD will invest primarily in core fixed income securities. The portfolio may also include non-core fixed income securities. Generally, at least 65% of the portfolio will be invested in core fixed income securities at any time. The manager will seek to achieve an average quality rating on all debt securities investment grade quality as rated by FTSE TMX, FTSE TMX Canada Universe Bond Index. Any security that is not rated by a rating agency will be assessed by a portfolio manager.

Portfolio Manager(s)

Name Start Date
Evolve Funds Group Inc. 04-02-2018
Addenda Capital Inc. 06-19-2020

Management and Organization

Fund Manager Evolve Funds Group Inc.
Advisor Evolve Funds Group Inc.
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Fees

MER 0.68%
Management Fee 0.45%

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