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Canoe Bond Advantage Fund Series A

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

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NAVPS
(05-16-2024)
$8.50
Change
$0.00 (0.01%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Canoe Bond Advantage Fund Series A

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Fund Returns

Inception Return (January 18, 2012): 1.39%

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 -2.30% -2.11% 5.57% -2.98% -0.55% 1.33% -2.35% -2.87% -0.82% 0.08% -0.24% 0.40% 0.42% 1.03%
Benchmark -1.95% -1.87% 4.32% -3.20% -0.95% 0.45% -2.16% -2.21% -0.14% 0.85% 0.60% 0.90% 1.04% 1.75%
Category Average -2.02% 4.70% 4.70% -3.11% -0.96% 0.21% -2.80% -2.15% -0.55% 0.27% 0.03% 0.32% 0.35% 0.93%
Category Rank 616 / 623 573 / 620 102 / 617 345 / 619 278 / 603 127 / 585 266 / 558 477 / 530 418 / 498 385 / 458 354 / 426 258 / 388 235 / 347 206 / 321
Quartile Ranking 4 4 1 3 2 1 2 4 4 4 4 3 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.46% -0.04% -0.54% -0.54% -2.63% -0.72% 4.56% 4.06% -0.89% -0.33% 0.53% -2.30%
Benchmark -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95%

Best Monthly Return Since Inception

4.75% (July 2022)

Worst Monthly Return Since Inception

-4.12% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.91% 2.03% 1.51% 3.36% 0.98% 4.17% 7.38% -3.99% -11.35% 6.48%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 2 3 3 1 2 4 4 4 2 3
Category Rank 109/ 311 214/ 342 229/ 374 24/ 419 147/ 445 476/ 491 465/ 521 538/ 552 162/ 580 312/ 596

Best Calendar Return (Last 10 years)

7.91% (2014)

Worst Calendar Return (Last 10 years)

-11.35% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 64.13
Foreign Government Bonds 24.96
Mortgages 4.45
Cash and Equivalents 2.56
Canadian Government Bonds 2.21
Other 1.69

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.41
Cash and Cash Equivalent 2.56
Mutual Fund 1.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.35
Multi-National 0.65

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.63% 15-May-2053 10.56
United States Treasury 3.00% 15-Aug-2052 7.57
United States Treasury 4.00% 15-Feb-2034 4.32
Bell Canada 3.50% 30-Mar-2050 3.36
Bank of Nova Scotia 3.93% 03-May-2027 2.65
Choice Properties REIT 3.53% 11-Mar-2029 2.60
Telus Corp 3.95% 16-Aug-2049 2.37
Royal Bank of Canada 2.94% 03-May-2027 2.13
United States Treasury 4.25% 15-Feb-2054 2.09
Toronto-Dominion Bank 4.68% 08-Jan-2029 1.99

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Canoe Bond Advantage Fund Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.55% 6.67% 5.44%
Beta 1.10% 1.04% 1.01%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.95% 0.95% 0.95%
Sharpe -0.64% -0.39% -0.05%
Sortino -0.91% -0.74% -0.47%
Treynor -0.04% -0.03% 0.00%
Tax Efficiency - - 5.44%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 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 7.67% 7.55% 6.67% 5.44%
Beta 1.05% 1.10% 1.04% 1.01%
Alpha 0.00% 0.00% -0.01% -0.01%
Rsquared 0.95% 0.95% 0.95% 0.95%
Sharpe -0.66% -0.64% -0.39% -0.05%
Sortino -0.71% -0.91% -0.74% -0.47%
Treynor -0.05% -0.04% -0.03% 0.00%
Tax Efficiency - - - 5.44%

Fund Details

Start Date January 18, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
GOC601
GOC602

Investment Objectives

? Long term stable growth and income The Fund aims to provide long term stable growth and income by investing primarily in Canadian fixed income securities. The fundamental investment objectives cannot be changed without approval of a majority of the securityholders of the Fund.

Investment Strategy

The Fund invests primarily in fixed income securities of Canadian issuers but may also invest in debt securities of U.S. issuers or supranationals. Up to 30% of the Fund’s assets may be invested in foreign securities. To achieve the Fund’s investment objective, the portfolio manager will: follow a fundamental, bottom up approach to investing; maintain a value bias towards the purchase of fixed income securities; and focus on credit quality, duration (term to maturity) and liquidity.

Portfolio Manager(s)

Name Start Date
Marc Goldfried 12-14-2011
Roshan Thiru 07-18-2017

Management and Organization

Fund Manager Canoe Financial LP
Advisor Canoe Financial LP
Custodian CIBC Mellon Trust Company
Registrar International Financial Data Services (Canada) Ltd
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.60%
Management Fee 1.25%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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