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Canoe Bond Advantage Fund Series A
Canadian Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
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FundGrade A+® Rating Recipient
2018
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|
NAVPS (07-10-2026) |
$8.42 |
|---|---|
| Change |
-$0.01
(-0.07%)
|
As at June 30, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (January 18, 2012): 1.95%
| 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 | 0.51% | 1.24% | 0.98% | 0.98% | 2.78% | 4.33% | 4.05% | 4.14% | 0.52% | -0.37% | 0.66% | 1.29% | 1.11% | 1.19% |
| Benchmark | 0.44% | 1.92% | 2.22% | 2.22% | 3.31% | 4.56% | 4.28% | 3.90% | 0.71% | 0.15% | 1.21% | 1.96% | 1.84% | 1.64% |
| Category Average | 0.30% | 1.80% | 1.69% | 1.69% | 2.70% | 4.03% | 3.80% | 3.49% | 0.18% | -0.06% | 0.80% | 1.43% | 1.26% | 1.13% |
| Category Rank | 102 / 496 | 476 / 492 | 478 / 488 | 478 / 488 | 379 / 480 | 293 / 446 | 268 / 419 | 143 / 402 | 227 / 397 | 300 / 367 | 276 / 353 | 268 / 336 | 248 / 308 | 177 / 282 |
| Quartile Ranking | 1 | 4 | 4 | 4 | 4 | 3 | 3 | 2 | 3 | 4 | 4 | 4 | 4 | 3 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.21% | 0.44% | 1.55% | 0.59% | 0.13% | -0.72% | 0.34% | 1.07% | -1.65% | -0.03% | 0.76% | 0.51% |
| Benchmark | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% |
Best Monthly Return Since Inception
4.75% (July 2022)
Worst Monthly Return Since Inception
-4.12% (April 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.51% | 3.36% | 0.98% | 4.17% | 7.38% | -3.99% | -11.35% | 6.48% | 2.21% | 4.89% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | 1.60% | 1.96% | -0.34% | 6.21% | 8.18% | -2.79% | -12.16% | 6.16% | 3.68% | 2.23% |
| Quartile Ranking | 3 | 1 | 2 | 4 | 4 | 4 | 2 | 2 | 4 | 1 |
| Category Rank | 140/ 264 | 15/ 297 | 114/ 318 | 330/ 347 | 321/ 359 | 369/ 381 | 115/ 398 | 190/ 406 | 407/ 430 | 15/ 468 |
Best Calendar Return (Last 10 years)
7.38% (2020)
Worst Calendar Return (Last 10 years)
-11.35% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 66.14 |
| Foreign Government Bonds | 25.38 |
| Canadian Bonds - Other | 4.00 |
| Cash and Equivalents | 2.54 |
| Mortgages | 1.52 |
| Other | 0.42 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 97.46 |
| Cash and Cash Equivalent | 2.54 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury 3.00% 15-Aug-2052 | 8.22 |
| United States Treasury 3.63% 15-May-2053 | 7.29 |
| United States Treasury 3.88% 15-Aug-2034 | 5.72 |
| Royal Bank of Canada 4.21% 03-Jul-2030 | 2.76 |
| Granite REIT Holdings LP 2.38% 18-Dec-2030 | 2.75 |
| United States Treasury 4.63% 15-Feb-2035 | 2.41 |
| Royal Bank of Canada 3.41% 12-Jun-2028 | 2.06 |
| United States Treasury 4.25% 15-May-2035 | 1.74 |
| BANK OF MONTREAL 2.62% 21-Jan-2027 | 1.64 |
| Canadian Imperial Bank Commrce 4.15% 02-Apr-2030 | 1.59 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canoe Bond Advantage Fund Series A
Median
Other - Canadian Fixed Income
3 Yr Annualized
| Standard Deviation | 5.12% | 6.30% | 5.40% |
|---|---|---|---|
| Beta | 0.90 | 1.02 | 0.99 |
| Alpha | 0.00 | 0.00 | 0.00 |
| Rsquared | 0.83% | 0.90% | 0.91% |
| Sharpe | 0.12 | -0.35 | -0.11 |
| Sortino | 0.35 | -0.50 | -0.42 |
| Treynor | 0.01 | -0.02 | -0.01 |
| Tax Efficiency | 59.51% | - | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.90% | 5.12% | 6.30% | 5.40% |
| Beta | 0.70 | 0.90 | 1.02 | 0.99 |
| Alpha | 0.00 | 0.00 | 0.00 | 0.00 |
| Rsquared | 0.94% | 0.83% | 0.90% | 0.91% |
| Sharpe | 0.16 | 0.12 | -0.35 | -0.11 |
| Sortino | -0.10 | 0.35 | -0.50 | -0.42 |
| Treynor | 0.01 | 0.01 | -0.02 | -0.01 |
| Tax Efficiency | 39.94% | 59.51% | - | - |
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
|
|---|---|
| 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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