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Tactical Sovereign Bond Fund Series A
Global Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-09-2026) |
$4.39 |
|---|---|
| Change |
$0.01
(0.13%)
|
As at June 30, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (June 30, 1997): 2.35%
| 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 | 0.33% | 1.60% | 2.44% | 2.44% | 1.26% | 2.25% | 2.60% | 2.30% | 1.49% | 0.18% | 1.10% | 0.94% | 0.51% | 0.29% |
| Benchmark | 2.33% | 2.30% | 3.01% | 3.01% | 4.23% | 6.28% | 5.48% | 4.33% | 0.79% | -0.67% | 0.66% | 1.23% | 1.38% | 1.01% |
| Category Average | 0.46% | 1.17% | 0.78% | 0.78% | 2.16% | 3.49% | 3.44% | 2.92% | 0.08% | 0.32% | 0.83% | 1.31% | 1.15% | 1.16% |
| Category Rank | 144 / 245 | 67 / 245 | 33 / 243 | 33 / 243 | 169 / 231 | 148 / 197 | 112 / 169 | 76 / 149 | 17 / 121 | 31 / 99 | 27 / 94 | 39 / 84 | 39 / 72 | 34 / 63 |
| Quartile Ranking | 3 | 2 | 1 | 1 | 3 | 4 | 3 | 3 | 1 | 2 | 2 | 2 | 3 | 3 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.09% | -0.37% | 1.64% | 0.34% | 0.05% | -1.69% | -0.04% | 1.57% | -0.69% | -0.17% | 1.44% | 0.33% |
| Benchmark | -0.22% | 0.81% | 2.14% | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% | 1.42% | 2.33% |
Best Monthly Return Since Inception
5.38% (September 1998)
Worst Monthly Return Since Inception
-3.90% (August 1998)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.80% | -1.25% | -2.64% | 1.25% | 3.92% | -2.60% | -3.98% | 4.48% | 4.71% | -1.04% |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 2 | 1 | 3 | 1 | 4 |
| Category Rank | 35/ 40 | 68/ 69 | 69/ 77 | 76/ 90 | 83/ 97 | 49/ 104 | 10/ 132 | 114/ 154 | 22/ 188 | 209/ 214 |
Best Calendar Return (Last 10 years)
4.71% (2024)
Worst Calendar Return (Last 10 years)
-3.98% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 78.06 |
| Canadian Government Bonds | 21.94 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 78.06 |
| Fixed Income | 21.94 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Canadian Treasury Bill | 77.35 |
| Canada Government 2.75% 01-Dec-2055 | 12.00 |
| Canada Government 3.50% 01-Dec-2057 | 9.95 |
| Cash and Cash Equivalents | 0.38 |
| United States Treasury Bill (USD) | 0.30 |
| United States Dollar | 0.03 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Tactical Sovereign Bond Fund Series A
Median
Other - Global Fixed Income
3 Yr Annualized
| Standard Deviation | 3.01% | 2.94% | 3.58% |
|---|---|---|---|
| Beta | 0.25 | 0.27 | 0.37 |
| Alpha | 0.01 | 0.01 | 0.00 |
| Rsquared | 0.16% | 0.33% | 0.46% |
| Sharpe | -0.30 | -0.48 | -0.44 |
| Sortino | -0.17 | -0.64 | -0.93 |
| Treynor | -0.04 | -0.05 | -0.04 |
| Tax Efficiency | 70.86% | 41.16% | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.62% | 3.01% | 2.94% | 3.58% |
| Beta | 0.61 | 0.25 | 0.27 | 0.37 |
| Alpha | -0.01 | 0.01 | 0.01 | 0.00 |
| Rsquared | 0.64% | 0.16% | 0.33% | 0.46% |
| Sharpe | -0.28 | -0.30 | -0.48 | -0.44 |
| Sortino | -0.63 | -0.17 | -0.64 | -0.93 |
| Treynor | -0.02 | -0.04 | -0.05 | -0.04 |
| Tax Efficiency | 32.68% | 70.86% | 41.16% | - |
Fund Details
| Start Date | June 30, 1997 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CWF003 | ||
| CWF023 | ||
| CWF033 | ||
| CWF103 |
Investment Objectives
The fundamental investment objective of the Fund is to generate attractive total returns, while placing an emphasis on capital preservation, by investing primarily in a Portfolio of government guaranteed bonds.
Investment Strategy
Utilizing a combination of fundamental macroeconomic and technical analysis, the Fund will seek to achieve its investment objective by employing an investment strategy designed to identify and capitalize on anticipated changes in: (i) Canadian and U.S. yields and yield curves; and (ii) currency exchange rates. The Fund tactically invests in government guaranteed bonds to generate attractive total returns, while placing an emphasis on capital preservation.
Portfolio Management
| Portfolio Manager |
Caldwell Investment Management Ltd. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Caldwell Investment Management Ltd. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
SGGG Fund Services Inc. |
| Distributor |
Caldwell Securities Ltd. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 1.34% |
|---|---|
| Management Fee | 0.75% |
| Load | Choice of Front or No Load |
| FE Max | 4.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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