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Tactical Sovereign Bond Fund Series A

Global Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$4.48
Change
$0.00 (-0.08%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

Tactical Sovereign Bond Fund Series A

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Fund Returns

Inception Return (June 30, 1997): 2.36%

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 0.76% 1.25% 1.54% 1.54% 3.32% 2.34% 0.99% -0.84% 0.64% 0.51% 0.02% -0.19% -0.48% -0.60%
Benchmark 1.16% -0.09% 0.33% 0.33% 3.91% 2.42% -2.71% -3.97% -1.50% -0.40% 0.03% -0.26% 1.17% 2.01%
Category Average 0.72% -0.10% -0.10% -0.10% 3.35% 2.36% -2.12% -1.22% -0.21% 0.59% 0.49% 0.58% 1.01% 1.13%
Category Rank 305 / 545 39 / 544 92 / 533 92 / 533 305 / 488 271 / 442 24 / 360 85 / 295 57 / 248 76 / 212 93 / 175 88 / 156 117 / 127 112 / 114
Quartile Ranking 3 1 1 1 3 3 1 2 1 2 3 3 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.24% 0.24% 0.23% 0.81% -0.04% 0.27% 0.54% 0.41% -0.66% -0.31% 0.80% 0.76%
Benchmark -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24% 0.00% 1.16%

Best Monthly Return Since Inception

5.38% (September 1998)

Worst Monthly Return Since Inception

-3.90% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.91% -4.84% -1.80% -1.25% -2.64% 1.25% 3.92% -2.60% -3.98% 4.48%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking 4 4 4 4 4 4 4 3 1 3
Category Rank 88/ 101 124/ 124 106/ 136 155/ 165 191/ 193 182/ 236 233/ 266 194/ 323 29/ 390 344/ 470

Best Calendar Return (Last 10 years)

4.91% (2014)

Worst Calendar Return (Last 10 years)

-4.84% (2015)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 95.10
Foreign Government Bonds 4.89
Foreign Corporate Bonds 0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 95.10
Fixed Income 4.90

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 18-Jul-2024 64.80
Cash 30.30
ProShares Short 20+ Yr Treasury ETF (TBF) 4.59
iShares 20 Plus Year Treasury Bond ETF (TLT) 0.31

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Tactical Sovereign Bond Fund Series A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 2.48% 3.98% 3.65%
Beta 0.24% 0.43% 0.19%
Alpha 0.02% 0.01% -0.01%
Rsquared 0.46% 0.55% 0.16%
Sharpe -0.80% -0.34% -0.55%
Sortino -0.98% -0.80% -1.17%
Treynor -0.08% -0.03% -0.10%
Tax Efficiency 28.45% 20.44% -
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 1.55% 2.48% 3.98% 3.65%
Beta 0.04% 0.24% 0.43% 0.19%
Alpha 0.03% 0.02% 0.01% -0.01%
Rsquared 0.02% 0.46% 0.55% 0.16%
Sharpe -1.01% -0.80% -0.34% -0.55%
Sortino 0.26% -0.98% -0.80% -1.17%
Treynor -0.42% -0.08% -0.03% -0.10%
Tax Efficiency 100.00% 28.45% 20.44% -

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) $35

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 Manager(s)

Name Start Date
Caldwell Investment Management Ltd. 12-09-2002

Management and Organization

Fund Manager Caldwell Investment Management Ltd.
Advisor Caldwell Investment Management Ltd.
Custodian CIBC Mellon Trust Company
Registrar SGGG Fund Services Inc.
Distributor Caldwell Securities Ltd.
Auditor Deloitte and Touche LLP

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 1.50%
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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