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Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-12-2024)
$9.10
Change
$0.02 (0.26%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Counsel Short Term Bond Series A

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Fund Returns

Inception Return (January 25, 2010): 1.07%

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 0.42% -0.18% 0.71% 0.22% 3.63% 1.70% -0.24% 0.88% 0.98% 1.19% 0.79% 0.73% 0.64% 0.82%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.41% 4.41% 0.54% 3.84% 1.74% 0.16% 1.11% 1.08% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 211 / 322 262 / 289 147 / 287 262 / 289 180 / 272 186 / 262 192 / 245 158 / 236 155 / 227 148 / 211 153 / 196 150 / 183 138 / 171 120 / 155
Quartile Ranking 3 4 3 4 3 3 4 3 3 3 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.42% -0.78% -0.28% 0.00% 0.25% -0.47% 0.71% 1.81% 1.72% -0.18% -0.01% 0.42%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

1.81% (November 2023)

Worst Monthly Return Since Inception

-1.72% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.66% 1.18% 0.12% -0.96% 0.14% 2.62% 5.55% -1.36% -4.87% 5.02%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 3 4 4 4 3 2 3 3 3
Category Rank 114/ 146 95/ 167 154/ 180 178/ 188 185/ 208 155/ 225 60/ 235 175/ 241 183/ 255 143/ 269

Best Calendar Return (Last 10 years)

5.55% (2020)

Worst Calendar Return (Last 10 years)

-4.87% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 53.61
Canadian Government Bonds 33.82
Cash and Equivalents 10.32
Foreign Corporate Bonds 1.25
Mortgages 0.51
Other 0.49

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.37
Cash and Cash Equivalent 10.33
Financial Services 0.29
Consumer Goods 0.01
Utilities 0.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.76
Latin America 0.17
Asia 0.01
Europe 0.01
Other 0.05

Top Holdings

Top Holdings
Name Percent
Ontario Province 3.60% 08-Mar-2028 8.71
Canada Housing Trust No 1 2.25% 15-Dec-2025 7.60
Canada Government 3.25% 01-Sep-2028 6.15
Quebec Province 2.75% 01-Sep-2028 4.71
Ontario Province 3.40% 08-Sep-2028 3.47
Hydro One Inc 4.91% 27-Dec-2027 2.85
Altalink LP 3.40% 13-Apr-2024 2.79
Rogers Communications Inc 3.10% 15-Apr-2025 2.20
Canada Government 4.25% 01-Dec-2026 1.90
Choice Properties REIT 2.85% 21-Mar-2027 1.80

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Counsel Short Term Bond Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.76% 2.44% 1.98%
Beta 1.01% 1.02% 1.00%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.94% 0.90% 0.91%
Sharpe -1.02% -0.38% -0.28%
Sortino -1.36% -1.01% -1.29%
Treynor -0.03% -0.01% -0.01%
Tax Efficiency - 17.61% 1.90%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.77% 2.76% 2.44% 1.98%
Beta 1.07% 1.01% 1.02% 1.00%
Alpha 0.00% -0.01% 0.00% -0.01%
Rsquared 0.98% 0.94% 0.90% 0.91%
Sharpe -0.41% -1.02% -0.38% -0.28%
Sortino 0.41% -1.36% -1.01% -1.29%
Treynor -0.01% -0.03% -0.01% -0.01%
Tax Efficiency 67.79% - 17.61% 1.90%

Fund Details

Start Date January 25, 2010
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $88

Fund Codes

FundServ Code Load Code Sales Status
CGF139
CGF239
CGF339

Investment Objectives

Counsel Short Term Bond seeks to achieve a moderate level of income while preserving investment capital and liquidity. The Fund invests, either directly or through securities of other mutual funds, in a diversified portfolio of primarily Canadian fixed-income securities.

Investment Strategy

The Fund seeks to maximize income while also preserving investment capital and liquidity by investing primarily in debt obligations issued or guaranteed by the Canadian federal, provincial, municipal governments, or any agency of such governments, as well as debt obligations of corporations. The Fund’s investments are expected to have a weighted average credit quality of “BBB-” or higher, as rated by DBRS or an equivalent rating from another recognized credit rating organization.

Portfolio Manager(s)

Name Start Date
Counsel Portfolio Services Inc. 01-14-2010
Mackenzie Financial Corporation 01-14-2010

Management and Organization

Fund Manager Counsel Portfolio Services Inc.
Advisor Counsel Portfolio Services Inc.
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor IPC Investment Corporation
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 0

Fees

MER 1.26%
Management Fee 0.95%
Load Choice of Front or Back
FE Max 0.00%
DSC Max 0.00%
LL Max 0.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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