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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

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
(04-09-2025)
$8.57
Change
-$0.04 (-0.46%)

As at March 31, 2025

As at March 31, 2025

Period
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Legend

Canoe Bond Advantage Fund Series A

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Fund Returns

Inception Return (January 18, 2012): 1.87%

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 -0.32% 2.38% 0.85% 2.38% 5.37% 4.17% 2.02% 0.00% -0.16% 0.52% 0.99% 0.96% 1.17% 1.01%
Benchmark -0.29% 1.98% 1.88% 1.98% 7.55% 4.70% 2.36% 0.69% 0.79% 1.41% 1.93% 1.90% 1.84% 1.72%
Category Average -0.44% 1.66% 1.33% 1.66% 6.59% 4.29% 1.74% 0.01% 0.75% 0.95% 1.32% 1.23% 1.26% 1.06%
Category Rank 158 / 488 15 / 487 429 / 482 15 / 487 430 / 456 311 / 435 243 / 425 292 / 411 365 / 391 331 / 371 305 / 347 271 / 319 219 / 294 193 / 266
Quartile Ranking 2 1 4 1 4 3 3 3 4 4 4 4 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -2.30% 1.35% 1.15% 1.80% 0.79% 1.67% -1.23% 1.26% -1.50% 0.78% 1.92% -0.32%
Benchmark -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29%

Best Monthly Return Since Inception

4.75% (July 2022)

Worst Monthly Return Since Inception

-4.12% (April 2022)

Calendar Return (%)

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 175/ 262 159/ 287 18/ 317 123/ 338 352/ 369 339/ 382 392/ 405 120/ 423 203/ 429 429/ 452

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 59.17
Foreign Government Bonds 27.34
Cash and Equivalents 9.37
Mortgages 2.07
Canadian Government Bonds 2.04
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.63
Cash and Cash Equivalent 9.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.99
Other 0.01

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.63% 15-May-2053 8.54
BANK OF MONTREAL TD 2.55% 01-Apr-2025 7.16
United States Treasury 3.00% 15-Aug-2052 6.87
United States Treasury 4.50% 15-Nov-2054 6.00
United States Treasury 3.88% 15-Aug-2034 3.92
Telus Corp 3.95% 16-Aug-2049 2.37
Bank of Nova Scotia 3.93% 03-May-2027 2.28
Granite REIT Holdings LP 2.38% 18-Dec-2030 2.10
Choice Properties REIT 3.53% 11-Jun-2029 2.07
United States Treasury 4.63% 15-Feb-2055 2.02

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 7.33% 6.61% 5.41%
Beta 1.06% 1.02% 1.00%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.91% 0.92% 0.92%
Sharpe -0.22% -0.35% -0.10%
Sortino -0.15% -0.61% -0.46%
Treynor -0.02% -0.02% -0.01%
Tax Efficiency 22.64% - -
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 4.95% 7.33% 6.61% 5.41%
Beta 0.84% 1.06% 1.02% 1.00%
Alpha -0.01% 0.00% -0.01% -0.01%
Rsquared 0.72% 0.91% 0.92% 0.92%
Sharpe 0.29% -0.22% -0.35% -0.10%
Sortino 0.68% -0.15% -0.61% -0.46%
Treynor 0.02% -0.02% -0.02% -0.01%
Tax Efficiency 68.51% 22.64% - -

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

  • Marc Goldfried
  • Roshan Thiru
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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