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Guardian Strategic Income Fund Series A

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-16-2024)
$6.85
Change
-$0.01 (-0.11%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Guardian Strategic Income Fund Series A

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Fund Returns

Inception Return (May 31, 2013): 4.21%

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 0.69% 3.10% 7.16% 3.10% 7.41% 3.15% 2.71% 4.94% 1.93% 3.05% 2.16% 4.54% 2.88% 3.03%
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.82% 6.16% 6.16% 1.92% 6.88% 3.42% 2.11% 5.50% - - - - - -
Category Rank 55 / 120 21 / 120 32 / 119 21 / 120 63 / 116 51 / 102 27 / 75 31 / 52 20 / 33 10 / 16 13 / 16 8 / 13 11 / 12 11 / 11
Quartile Ranking 2 1 2 1 3 2 2 3 3 3 4 3 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.00% -0.64% 0.17% 0.59% 0.25% -1.13% -1.22% 3.06% 2.10% 1.52% 0.86% 0.69%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

3.93% (May 2016)

Worst Monthly Return Since Inception

-7.63% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.43% -2.08% 18.87% -2.31% 3.58% 3.40% 0.79% 6.29% -5.26% 6.58%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - 2 2 4 1 4 4 2 3 2
Category Rank - 6/ 12 5/ 13 14/ 16 3/ 16 21/ 23 46/ 47 20/ 75 60/ 98 57/ 116

Best Calendar Return (Last 10 years)

18.87% (2016)

Worst Calendar Return (Last 10 years)

-5.26% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 36.27
Foreign Corporate Bonds 29.64
Cash and Equivalents 26.87
Canadian Equity 3.49
Canadian Government Bonds 2.62
Other 1.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 70.41
Cash and Cash Equivalent 26.86
Financial Services 1.44
Utilities 0.79
Telecommunications 0.75
Other -0.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 0.00% 25-Apr-2024 10.22
Canada Government 0.00% 09-May-2024 7.56
Canada Government 0.00% 11-Apr-2024 4.18
Enerflex Ltd 9.00% 15-Oct-2027 2.67
Cineplex Inc 7.63% 31-Mar-2029 2.52
First Quantum Minerals Ltd 8.63% 01-Jun-2031 2.50
Rithm Capital Corp 6.25% 15-Oct-2025 2.34
Royal Bank of Canada 7.41% 31-Dec-2049 2.29
Vermilion Energy Inc 6.88% 01-May-2030 2.27
Bank of Nova Scotia 8.24% PERP 2.09

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Guardian Strategic Income Fund Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 4.56% 5.68% 5.59%
Beta 0.50% 0.45% 0.44%
Alpha 0.03% 0.02% 0.02%
Rsquared 0.54% 0.24% 0.17%
Sharpe 0.04% 0.03% 0.32%
Sortino -0.07% -0.20% 0.03%
Treynor 0.00% 0.00% 0.04%
Tax Efficiency - - -
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 2 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 4.38% 4.56% 5.68% 5.59%
Beta 0.47% 0.50% 0.45% 0.44%
Alpha 0.06% 0.03% 0.02% 0.02%
Rsquared 0.55% 0.54% 0.24% 0.17%
Sharpe 0.57% 0.04% 0.03% 0.32%
Sortino 1.93% -0.07% -0.20% 0.03%
Treynor 0.05% 0.00% 0.00% 0.04%
Tax Efficiency 60.28% - - -

Fund Details

Start Date May 31, 2013
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1

Fund Codes

FundServ Code Load Code Sales Status
GCG102

Investment Objectives

To pay a sustained monthly distribution, initially targeted at 5.75% per annum based on the initial offering price of $10.00. To generate capital gains and preserve capital through strategies that profit, when appropriate, from rising or falling interest rates and widening or tightening credit spreads. To maintain low volatility and low correlation with traditional equity and fixed income markets.

Investment Strategy

The Fund will seek to achieve its investment objectives by primarily investing in or selling short securities of issuers located primarily within North America. The strategy of the Fund will be driven by ongoing credit research and macro-economic analysis performed by the Manager.

Portfolio Manager(s)

Name Start Date
Derrick Knie 01-30-2015
Aubrey Basdeo 03-02-2023

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.22%
Management Fee 1.85%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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