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Palos Equity Income Fund Series A

Canadian Focused Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-19-2024)
$6.96
Change
$0.02 (0.32%)

As at March 31, 2024

Period
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Palos Equity Income Fund Series A

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Fund Returns

Inception Return (February 18, 2011): 6.71%

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 13.07% 15.68% 22.59% 15.68% 19.58% 5.30% 8.32% 20.25% 10.72% 8.08% 7.83% 9.03% 7.59% 7.32%
Benchmark 3.64% 7.74% 16.61% 7.74% 16.32% 5.70% 8.49% 15.92% 9.66% 9.13% 8.45% 9.56% 7.77% 8.09%
Category Average 2.65% 15.91% 15.91% 7.95% 16.07% 6.31% 8.21% 15.67% 9.39% 8.40% 7.55% 8.35% 6.66% 6.83%
Category Rank 1 / 620 51 / 620 59 / 620 51 / 620 203 / 617 449 / 605 340 / 592 84 / 578 220 / 571 383 / 528 294 / 484 236 / 451 212 / 418 249 / 400
Quartile Ranking 1 1 1 1 2 3 3 1 2 3 3 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.26% -4.18% 2.31% 3.74% -1.54% -3.80% -4.48% 5.57% 5.09% 1.32% 0.97% 13.07%
Benchmark 2.42% -3.65% 3.16% 2.78% -1.03% -3.68% -2.36% 7.23% 3.38% 0.82% 3.10% 3.64%

Best Monthly Return Since Inception

13.07% (March 2024)

Worst Monthly Return Since Inception

-19.44% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.98% -0.21% 16.77% 11.45% -14.58% 14.64% 13.82% 21.97% -8.75% 7.75%
Benchmark 10.96% -0.77% 14.44% 10.80% -7.14% 21.45% 7.58% 21.76% -8.87% 13.60%
Category Average 9.08% -2.47% 11.42% 8.06% -8.78% 18.54% 7.73% 22.26% -9.42% 13.34%
Quartile Ranking 4 3 2 2 4 4 1 3 2 4
Category Rank 364/ 391 226/ 416 116/ 449 147/ 475 512/ 528 491/ 564 117/ 578 379/ 586 249/ 600 541/ 612

Best Calendar Return (Last 10 years)

21.97% (2021)

Worst Calendar Return (Last 10 years)

-14.58% (2018)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Palos Equity Income Fund Series A

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 15.22% 17.53% 13.78%
Beta 1.07% 1.14% 1.08%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.81% 0.89% 0.84%
Sharpe 0.43% 0.56% 0.48%
Sortino 0.64% 0.72% 0.53%
Treynor 0.06% 0.09% 0.06%
Tax Efficiency 81.79% 83.94% 62.13%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 17.31% 15.22% 17.53% 13.78%
Beta 1.18% 1.07% 1.14% 1.08%
Alpha 0.01% 0.00% 0.00% -0.01%
Rsquared 0.63% 0.81% 0.89% 0.84%
Sharpe 0.84% 0.43% 0.56% 0.48%
Sortino 2.08% 0.64% 0.72% 0.53%
Treynor 0.12% 0.06% 0.09% 0.06%
Tax Efficiency 92.25% 81.79% 83.94% 62.13%

Fund Details

Start Date February 18, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $28

Fund Codes

FundServ Code Load Code Sales Status
PAL101

Investment Objectives

The primary objectives of the Fund are to: (i) provide long-term capital growth; (ii) provide an attractive and steady stream of income; and (iii) deliver trading-enhanced returns. The Fund invests in a portfolio of primarily Canadian income-paying securities, such as equity securities of large-capitalization Canadian issuers that pay dividends or selected debt obligations that pay interest.

Investment Strategy

The primary investment strategy employed by the Fund is to apply qualitative, quantitative and comparative research in order to build and manage a portfolio of select high-grade and undervalued dividend-paying equity securities and income-paying debt securities. The Manager employs a strategic asset allocation strategy based on its economic and market outlook. The Manager aims to cap this core portfolio of securities at approximately 95% of the Fund’s portfolio.

Portfolio Manager(s)

Name Start Date
Charles Marleau 02-01-2011

Management and Organization

Fund Manager Palos Management Inc.
Advisor Palos Management Inc.
Custodian National Bank Corresponding Network
Registrar SGGG Fund Services Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.68%
Management Fee 1.50%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.00%
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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