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Sionna Strategic Income Fund Series A

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Canadian Equity Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-20-2025) 		$16.37
Change
$0.01 (0.03%)

As at April 30, 2025

As at January 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$8,000$10,000$12,000$14,000$16,000$9,000$11,000$13,000Period

Legend

Sionna Strategic Income Fund Series A

Compare Options

Fund Returns

Inception Return (May 02, 2019): 5.60%

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 -1.27% -0.49% 2.46% 1.49% 12.50% 7.40% 6.78% 6.11% 8.37% - - - - -
Benchmark -0.27% -1.48% 3.84% 1.37% 15.62% 10.87% 8.05% 7.70% 10.70% 8.17% 8.26% 7.48% 7.96% 6.75%
Category Average -0.87% -3.11% 1.35% -0.50% 10.15% 7.98% 6.36% 5.49% 8.38% 5.95% 5.94% 5.27% 5.95% 5.03%
Category Rank 246 / 373 22 / 373 101 / 373 21 / 373 82 / 372 262 / 367 177 / 364 150 / 355 215 / 329 - - - - -
Quartile Ranking 3 1 2 1 1 3 2 2 3 - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.99% -0.16% 4.50% 1.10% 2.64% -0.57% 2.91% -1.90% 1.99% 0.94% -0.16% -1.27%
Benchmark 2.08% -0.32% 4.94% 1.05% 2.82% 0.37% 5.15% -2.58% 2.89% -0.02% -1.20% -0.27%

Best Monthly Return Since Inception

9.62% (November 2020)

Worst Monthly Return Since Inception

-12.17% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%25%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - -0.35% 11.36% -2.36% 9.00% 10.86%
Benchmark -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48% 17.11%
Category Average -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70% 12.92%
Quartile Ranking - - - - - 4 4 1 3 4
Category Rank - - - - - 281/ 329 323/ 355 28/ 363 221/ 367 329/ 369

Best Calendar Return (Last 10 years)

11.36% (2021)

Worst Calendar Return (Last 10 years)

-2.36% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 38.30
International Equity 16.50
Canadian Government Bonds 14.74
US Equity 9.50
Cash and Equivalents 4.96
Other 16.00

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 27.48
Financial Services 24.92
Consumer Services 9.42
Energy 8.40
Consumer Goods 5.48
Other 24.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.22
Europe 12.13
Latin America 4.07
Asia 2.59
Other -0.01

Top Holdings

Top Holdings
Name Percent
Bridgehouse Canadian Bond Fund A 19.90
Brandes Corporate Focus Bond Fund Series A 9.92
Royal Bank of Canada 3.95
CASH 3.47
Toronto-Dominion Bank 2.92
TC Energy Corp 2.44
Bank of Nova Scotia 2.34
Suncor Energy Inc 2.03
Manulife Financial Corp 1.94
Fairfax Financial Holdings Ltd 1.93

Equity Style

Market capitalization is large. Equity style is blend.

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 Return7891011121314150%2%4%6%8%10%12%14%

Sionna Strategic Income Fund Series A

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.66% 9.06% -
Beta 0.83% 0.82% -
Alpha 0.00% 0.00% -
Rsquared 0.92% 0.87% -
Sharpe 0.32% 0.67% -
Sortino 0.67% 1.06% -
Treynor 0.04% 0.07% -
Tax Efficiency 61.08% - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.55% 9.66% 9.06% -
Beta 0.74% 0.83% 0.82% -
Alpha 0.01% 0.00% 0.00% -
Rsquared 0.86% 0.92% 0.87% -
Sharpe 1.27% 0.32% 0.67% -
Sortino 3.21% 0.67% 1.06% -
Treynor 0.11% 0.04% 0.07% -
Tax Efficiency 78.73% 61.08% - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A30.9​30.943.5​43.50%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A35.4​35.447.7​47.70%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A31.5​31.542.3​42.30%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A27.9​27.941.4​41.40%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date May 02, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $96

Fund Codes

FundServ Code Load Code Sales Status
BIP131
BIP220
BIP231

Investment Objectives

The fundamental investment objective of Sionna Strategic Income Fund is to achieve long-term capital appreciation and income by investing primarily in the equity securities of both Canadian companies and high-quality Canadian government and corporate fixed-income securities. The Fund may also invest in foreign companies and high-quality U.S. government and corporate fixed-income securities.

Investment Strategy

To achieve the Fund’s investment objective, Bridgehouse has selected two portfolio sub-advisors and allocates a portion of the Fund’s assets to each portfolio sub-advisor. Bridgehouse also allocates a portion of the Fund’s assets, typically 30-35%, to fixed income investments.

Portfolio Management

Portfolio Manager

Brandes Investment Partners & Co.
Sub-Advisor

Sionna Investment Managers Inc.

  • Marian Hoffmann
  • Teresa Lee
  • Kim Shannon
  • Marlene Zabielska

Brandes Investment Partners L.P.

Management and Organization

Fund Manager

Brandes Investment Partners & Co.
Custodian

State Street Trust Company Canada
Registrar

International Financial Data Services (Canada) Ltd
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.23%
Management Fee 1.80%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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