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Encasa Canadian Short-Term Bond Fund Series A
Cdn Short Term Fixed Inc
Click for more information on Fundata’s FundGrade
FundGrade D
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|
NAVPS (06-23-2026) |
$9.89 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at May 31, 2026
As at December 31, 2025
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Legend
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Fund Returns
Inception Return (December 16, 2002): 2.49%
| 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 | 0.78% | -0.13% | 0.53% | 0.95% | 2.56% | 4.34% | 4.23% | 3.26% | 1.52% | 1.40% | 1.70% | 1.96% | 1.58% | 1.53% |
| Benchmark | 0.74% | -0.10% | 0.81% | 1.09% | 2.98% | 4.83% | 4.74% | 3.70% | 2.12% | 2.00% | 2.27% | 2.49% | 2.13% | 2.08% |
| Category Average | 0.61% | -0.08% | 0.69% | 0.88% | 2.52% | 4.16% | 4.27% | 3.31% | 1.75% | 1.86% | 1.93% | 2.04% | 1.74% | 1.69% |
| Category Rank | 48 / 302 | 225 / 297 | 239 / 292 | 171 / 293 | 185 / 271 | 154 / 243 | 153 / 214 | 148 / 203 | 148 / 191 | 150 / 180 | 130 / 173 | 113 / 167 | 115 / 158 | 104 / 144 |
| Quartile Ranking | 1 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.15% | -0.11% | 0.52% | 0.88% | 0.37% | 0.21% | -0.42% | 0.42% | 0.66% | -0.94% | 0.04% | 0.78% |
| Benchmark | 0.27% | -0.08% | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% |
Best Monthly Return Since Inception
1.80% (November 2023)
Worst Monthly Return Since Inception
-2.08% (March 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.71% | -0.39% | 1.16% | 3.00% | 5.04% | -1.81% | -5.05% | 4.54% | 5.06% | 3.23% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 3 | 4 | 3 | 3 | 2 | 4 | 4 | 3 | 4 | 3 |
| Category Rank | 91/ 142 | 114/ 146 | 86/ 162 | 85/ 169 | 82/ 179 | 166/ 185 | 164/ 194 | 144/ 206 | 171/ 224 | 175/ 261 |
Best Calendar Return (Last 10 years)
5.06% (2024)
Worst Calendar Return (Last 10 years)
-5.05% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 49.65 |
| Canadian Government Bonds | 40.65 |
| Cash and Equivalents | 4.98 |
| Foreign Government Bonds | 2.03 |
| Canadian Bonds - Other | 1.83 |
| Other | 0.86 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 94.16 |
| Cash and Cash Equivalent | 4.98 |
| Other | 0.86 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.40 |
| Europe | 0.60 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 2.25% 01-Dec-2029 | 6.49 |
| Canada Housing Trust No 1 1.60% 15-Dec-2031 | 3.12 |
| Canada Housing Trust No 1 2.85% 15-Dec-2030 | 6.64 |
| Canada Housing Trust No 1 4.25% 15-Dec-2028 | 3.43 |
| Canadian Government Bond 2.25% 01-Feb-2028 | 6.70 |
| Ontario Province - Debenture | 2.48 |
| Ontario Province 1.55% 01-Nov-2029 | 5.28 |
| Ontario Province 4.05% 02-Feb-2032 | 3.90 |
| Rogers Communications Inc 3.65% 31-Jan-2027 | 2.19 |
| Royal Bank of Canada 5.10% 03-Apr-2029 | 2.22 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Encasa Canadian Short-Term Bond Fund Series A
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 2.10% | 2.72% | 2.23% |
|---|---|---|---|
| Beta | 1.07 | 1.11 | 1.11 |
| Alpha | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.99% | 0.98% |
| Sharpe | 0.28 | -0.50 | -0.16 |
| Sortino | 0.97 | -0.65 | -0.80 |
| Treynor | 0.01 | -0.01 | 0.00 |
| Tax Efficiency | 75.67% | 34.10% | 44.15% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.81% | 2.10% | 2.72% | 2.23% |
| Beta | 1.06 | 1.07 | 1.11 | 1.11 |
| Alpha | -0.01 | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.99% | 0.99% | 0.98% |
| Sharpe | 0.11 | 0.28 | -0.50 | -0.16 |
| Sortino | -0.32 | 0.97 | -0.65 | -0.80 |
| Treynor | 0.00 | 0.01 | -0.01 | 0.00 |
| Tax Efficiency | 58.39% | 75.67% | 34.10% | 44.15% |
Fund Details
| Start Date | December 16, 2002 |
|---|---|
| Instrument Type | Mutual Fund (Responsible Investment) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $249 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ENC702 |
Investment Objectives
The investment objective of the Fund is to obtain a relatively high level of current interest income consistent with preserving capital and maintaining liquidity by investing primarily in Canadian short-term debt instruments using a responsible investing approach. The fundamental investment objective of the Fund may only be changed with the approval of a majority of the unitholders, given at a meeting called for that purpose.
Investment Strategy
The Fund invests primarily in high-quality debt obligations issued or guaranteed by the Government of Canada, provincial or territorial governments or their agencies, Canadian chartered banks, Canadian loan or trust companies, and Canadian corporations. The Fund may also invest in bonds or other debt instruments which are issued or guaranteed by international or supranational agencies, such as the World Bank, and other foreign issuers.
Portfolio Management
| Portfolio Manager |
Encasa Financial Inc. |
|---|---|
| Sub-Advisor |
Addenda Capital Inc. |
Management and Organization
| Fund Manager |
Encasa Financial Inc. |
|---|---|
| Custodian |
Natcan Trust Company |
| Registrar |
National Bank Financial Inc. |
| Distributor |
Worldsource Financial Management Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 0.79% |
|---|---|
| Management Fee | 0.80% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.00% |
| Trailer Fee Max (LL) | - |
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