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Canoe Bond Advantage Fund Series A

Canadian Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

Click for more information on Fundata’s FundGrade

NAVPS
(08-11-2025)
$8.61
Change
$0.00 (0.00%)

As at July 31, 2025

As at July 31, 2025

Period
Created with Highcharts 10.3.3Jul 2012Jul 2013Jul 2014Jul 2015Jul 2016Jul 2017Jul 2018Jul 2019Jul 2020Jul 2021Jul 2022Jul 2023Jul 2024Jul 2025Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Apr 2025Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025$10,000$11,000$12,000$13,000$14,000$9,000$9,500$10,500Period

Legend

Canoe Bond Advantage Fund Series A

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Fund Returns

Inception Return (January 18, 2012): 1.86%

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 -0.21% 0.18% 2.04% 2.83% 3.81% 4.86% 2.91% -0.30% -1.22% 0.30% 1.16% 1.14% 0.90% 1.13%
Benchmark -0.74% -0.62% -0.55% 0.57% 2.83% 4.94% 2.59% -0.37% -0.89% 0.71% 1.81% 1.81% 1.28% 1.61%
Category Average -0.70% -0.50% -0.49% 0.52% 2.39% 4.49% 2.29% -0.80% -1.05% 0.35% 1.24% 1.17% 0.80% 1.03%
Category Rank 58 / 487 54 / 479 10 / 476 11 / 476 46 / 465 220 / 436 146 / 415 157 / 407 265 / 383 248 / 364 254 / 346 235 / 320 173 / 297 160 / 265
Quartile Ranking 1 1 1 1 1 3 2 2 3 3 3 3 3 3

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund 0.79% 1.67% -1.23% 1.26% -1.50% 0.78% 1.92% -0.32% 0.26% -0.38% 0.78% -0.21%
Benchmark 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29% -0.77% 0.08% 0.04% -0.74%

Best Monthly Return Since Inception

4.75% (July 2022)

Worst Monthly Return Since Inception

-4.12% (April 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 2.03% 1.51% 3.36% 0.98% 4.17% 7.38% -3.99% -11.35% 6.48% 2.21%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.68%
Quartile Ranking 3 3 1 2 4 4 4 2 2 4
Category Rank 170/ 252 148/ 274 16/ 308 121/ 329 339/ 357 328/ 369 379/ 391 121/ 408 197/ 417 417/ 440

Best Calendar Return (Last 10 years)

7.38% (2020)

Worst Calendar Return (Last 10 years)

-11.35% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 64.28
Foreign Government Bonds 28.12
Cash and Equivalents 4.36
Mortgages 2.16
Canadian Government Bonds 1.03
Other 0.05

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 95.64
Cash and Cash Equivalent 4.36

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.63% 15-May-2053 7.42
United States Treasury 3.88% 15-Aug-2034 7.20
United States Treasury 3.00% 15-Aug-2052 6.10
Bank of Nova Scotia 3.93% 03-May-2027 3.22
United States Treasury 4.63% 15-Feb-2035 3.05
Royal Bank of Canada 3.41% 12-Jun-2028 2.65
BANK OF MONTREAL TD 2.55% 01-Aug-2025 2.38
United States Treasury 4.25% 15-May-2035 2.19
United States Treasury 4.75% 15-May-2055 2.17
ROYAL BANK OF CANADA 4.21% 03-Jul-2035 2.12

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return2468101214161820-6%-4%-2%0%2%4%6%8%

Canoe Bond Advantage Fund Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.18% 6.39% 5.38%
Beta 0.98% 1.03% 1.00%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.86% 0.91% 0.92%
Sharpe -0.15% -0.56% -0.09%
Sortino 0.02% -0.83% -0.44%
Treynor -0.01% -0.03% 0.00%
Tax Efficiency 46.57% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 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 3.74% 6.18% 6.39% 5.38%
Beta 0.93% 0.98% 1.03% 1.00%
Alpha 0.01% 0.00% 0.00% 0.00%
Rsquared 0.70% 0.86% 0.91% 0.92%
Sharpe 0.16% -0.15% -0.56% -0.09%
Sortino 0.32% 0.02% -0.83% -0.44%
Treynor 0.01% -0.01% -0.03% 0.00%
Tax Efficiency 56.22% 46.57% - -

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 Management

Portfolio Manager

Canoe Financial LP

  • Roshan Thiru
  • Derek Johnson
Sub-Advisor

-

Management and Organization

Fund Manager

Canoe Financial LP

Custodian

CIBC Mellon Trust Company

Registrar

International Financial Data Services (Canada) Ltd

Distributor

-

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) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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