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CWB Onyx Diversified Income Fund - Series O
Canadian Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade A
Click for more information on Fundata’s FundGrade.
|
NAVPS (08-24-2026) |
$9.45 |
|---|---|
| Change |
$0.04
(0.44%)
|
As at July 31, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (February 11, 2016): 2.92%
| 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 | -1.43% | 0.56% | 0.49% | 1.34% | 3.97% | 4.62% | 6.22% | 4.57% | 2.10% | 1.75% | 2.36% | 2.83% | 2.74% | 2.57% |
| Benchmark | -1.61% | 0.21% | -0.05% | 0.58% | 2.41% | 2.62% | 4.09% | 2.55% | 0.18% | -0.35% | 0.95% | 1.88% | 1.88% | 1.39% |
| Category Average | -1.56% | -0.03% | -0.46% | 0.11% | 1.81% | 2.10% | 3.59% | 2.17% | -0.28% | -0.58% | 0.56% | 1.31% | 1.24% | 0.90% |
| Category Rank | 57 / 497 | 42 / 494 | 42 / 489 | 7 / 489 | 14 / 484 | 4 / 459 | 3 / 427 | 3 / 405 | 3 / 398 | 5 / 374 | 6 / 355 | 9 / 337 | 6 / 310 | 1 / 287 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.36% | 2.02% | 0.81% | 0.28% | -0.87% | 0.85% | 1.41% | -1.75% | 0.30% | 1.39% | 0.62% | -1.43% |
| Benchmark | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% |
Best Monthly Return Since Inception
5.05% (April 2020)
Worst Monthly Return Since Inception
-6.31% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 3.50% | 0.29% | 7.05% | 6.57% | -1.36% | -9.36% | 7.46% | 7.52% | 4.51% |
| 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 | - | 1 | 3 | 1 | 4 | 1 | 1 | 1 | 1 | 1 |
| Category Rank | - | 7/ 298 | 227/ 319 | 61/ 348 | 348/ 360 | 11/ 382 | 12/ 399 | 38/ 407 | 3/ 431 | 28/ 469 |
Best Calendar Return (Last 10 years)
7.52% (2024)
Worst Calendar Return (Last 10 years)
-9.36% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Government Bonds | 57.94 |
| Canadian Corporate Bonds | 37.29 |
| Foreign Corporate Bonds | 3.83 |
| Cash and Equivalents | 0.94 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.06 |
| Cash and Cash Equivalent | 0.94 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.36 |
| Other | 1.64 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Housing Trust No 1 4.25% 15-Dec-2028 | 16.69 |
| Canada Government 2.00% 01-Jun-2032 | 9.83 |
| Alberta Province 3.45% 01-Dec-2043 | 5.06 |
| Quebec Province 3.25% 01-Sep-2032 | 4.69 |
| Saskatchewan Province 5.00% 05-Mar-2037 | 4.46 |
| British Columbia Province 3.20% 18-Jun-2044 | 3.74 |
| Ontario Province 4.60% 02-Jun-2039 | 3.71 |
| Honda Canada Finance Inc 1.65% 25-Feb-2028 | 3.45 |
| Greater Toronto Airports Auth 7.10% 04-Jun-2031 | 3.22 |
| Epcor Utilities Inc 5.65% 16-Nov-2035 | 3.00 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CWB Onyx Diversified Income Fund - Series O
Median
Other - Canadian Fixed Income
3 Yr Annualized
| Standard Deviation | 4.59% | 5.18% | 4.98% |
|---|---|---|---|
| Beta | 0.82 | 0.84 | 0.86 |
| Alpha | 0.03 | 0.02 | 0.01 |
| Rsquared | 0.87% | 0.92% | 0.82% |
| Sharpe | 0.59 | -0.15 | 0.15 |
| Sortino | 1.25 | -0.22 | -0.09 |
| Treynor | 0.03 | -0.01 | 0.01 |
| Tax Efficiency | 73.66% | 21.80% | - |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.99% | 4.59% | 5.18% | 4.98% |
| Beta | 0.91 | 0.82 | 0.84 | 0.86 |
| Alpha | 0.02 | 0.03 | 0.02 | 0.01 |
| Rsquared | 0.98% | 0.87% | 0.92% | 0.82% |
| Sharpe | 0.42 | 0.59 | -0.15 | 0.15 |
| Sortino | 0.34 | 1.25 | -0.22 | -0.09 |
| Treynor | 0.02 | 0.03 | -0.01 | 0.01 |
| Tax Efficiency | 60.10% | 73.66% | 21.80% | - |
Fund Details
| Start Date | February 11, 2016 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $127 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MPW605 |
Investment Objectives
The fundamental investment objective of the fund is to provide investors with income and some capital appreciation, while preserving principal and reducing volatility, by investing primarily in a diversified portfolio of fixed income securities and preferred shares.
Investment Strategy
To achieve its investment objectives, the fund will invest primarily in fixed income securities issued or guaranteed by governments and corporations from around the world to enhance portfolio yield and reduce risk. Convertible debentures, non-investment grade corporate debt, emerging market bonds and preferred shares are fixed income categories that may be utilized within the overall asset mix of the fund. Up to 30% of the fund’s assets may be invested in foreign securities.
Portfolio Management
| Portfolio Manager |
National Bank Financial Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
National Bank Trust Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Investor Services Trust (Canada) |
| Distributor |
CWB Wealth Management Ltd |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 0.00% |
|---|---|
| Management Fee | - |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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