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Guardian Short Duration Bond Fund Series A

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(05-21-2024)
$9.70
Change
$0.02 (0.20%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Guardian Short Duration Bond Fund Series A

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Fund Returns

Inception Return (April 30, 2014): 1.10%

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 -0.34% 0.59% 4.44% 0.64% 3.36% 2.70% -0.16% 0.46% 1.03% 1.37% 0.94% 0.99% 1.00% 1.11%
Benchmark -0.40% 0.18% 3.22% 0.04% 2.81% 2.24% 0.10% 0.48% 1.20% 1.61% 1.27% 1.34% 1.34% 1.52%
Category Average -0.36% 3.58% 3.58% 0.18% 2.98% 2.08% -0.03% 0.63% 0.97% 1.23% 0.97% 1.00% 0.91% 0.98%
Category Rank 174 / 318 111 / 317 55 / 281 104 / 283 136 / 270 117 / 256 157 / 239 149 / 230 136 / 222 126 / 205 126 / 191 122 / 177 108 / 165 94 / 150
Quartile Ranking 3 2 1 2 3 2 3 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.15% -0.29% -0.02% 0.26% -0.49% 0.65% 1.86% 1.88% 0.05% 0.34% 0.60% -0.34%
Benchmark -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40%

Best Monthly Return Since Inception

2.44% (April 2020)

Worst Monthly Return Since Inception

-1.95% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 1.93% 0.78% -0.46% 0.70% 2.87% 5.79% -1.82% -5.09% 5.35%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking - 2 3 4 3 3 1 4 4 2
Category Rank - 61/ 161 112/ 174 152/ 182 140/ 202 130/ 219 38/ 229 216/ 235 206/ 249 104/ 263

Best Calendar Return (Last 10 years)

5.79% (2020)

Worst Calendar Return (Last 10 years)

-5.09% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 54.16
Canadian Government Bonds 36.48
Cash and Equivalents 9.35
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.64
Cash and Cash Equivalent 9.35
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.99
Other 0.01

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 2.35% 15-Jun-2027 7.85
Canada Government 3.25% 01-Sep-2028 7.43
Canada Housing Trust No 1 1.25% 15-Jun-2026 7.04
Canadian Imperial Bank Commrce 4.20% 07-Apr-2027 5.21
SmartCentres REIT 5.35% 29-May-2028 5.06
Enbridge Inc 5.38% 27-Sep-2027 4.83
Bank of Nova Scotia 2.95% 08-Mar-2027 4.75
Canada Housing Trust No 1 2.65% 15-Dec-2028 4.74
Guardian Canadian Short-Term Investment Fund Ser I 4.71
Canada Housing Trust No 1 1.80% 15-Dec-2024 4.64

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Guardian Short Duration Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.11% 2.88% 2.27%
Beta 1.14% 1.18% 1.11%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.95% 0.88% 0.85%
Sharpe -0.92% -0.32% -0.13%
Sortino -1.18% -0.85% -1.02%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - 39.24% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.09% 3.11% 2.88% 2.27%
Beta 1.14% 1.14% 1.18% 1.11%
Alpha 0.00% 0.00% 0.00% -0.01%
Rsquared 0.96% 0.95% 0.88% 0.85%
Sharpe -0.47% -0.92% -0.32% -0.13%
Sortino 0.20% -1.18% -0.85% -1.02%
Treynor -0.01% -0.03% -0.01% 0.00%
Tax Efficiency 65.18% - 39.24% -

Fund Details

Start Date April 30, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $0

Fund Codes

FundServ Code Load Code Sales Status
GCG503

Investment Objectives

The principal objective of the Fund is the provision of current interest income while at the same time preserving capital and seeking opportunities for capital appreciation, while maintaining relatively short portfolio duration, through investment in bonds, debentures, notes or other evidence of indebtedness.

Investment Strategy

We use a pro-active, disciplined management approach while employing various analytical tools to identify investments that offer value on a relative basis with a view to providing current income while maintaining relatively short portfolio duration and preserving the prospect for some potential capital growth. We adhere to a risk management process that is designed to limit total exposure to individual issuers, diversify exposure to various credit risks, and maintain portfolio liquidity.

Portfolio Manager(s)

Name Start Date
Derrick Knie 02-20-2020

Management and Organization

Fund Manager Guardian Capital LP
Advisor Guardian Capital LP
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor Worldsource Financial Management Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 0.96%
Management Fee 0.80%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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