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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (11-19-2024) |
$7.00 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at October 31, 2024
As at October 31, 2024
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Inception Return (May 31, 2013): 4.46%
| 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 | 0.61% | 2.45% | 4.99% | 8.51% | 14.19% | 8.18% | 3.49% | 4.29% | 3.47% | 3.22% | 3.13% | 2.89% | 3.91% | 3.32% |
| Benchmark | -1.07% | 1.25% | 6.50% | 3.09% | 11.09% | 5.28% | -0.23% | -1.11% | 0.36% | 1.97% | 1.60% | 1.33% | 1.81% | 2.06% |
| Category Average | 0.25% | 1.99% | 4.91% | 6.68% | 11.57% | 7.89% | 3.26% | 4.09% | 4.09% | - | - | - | - | - |
| Category Rank | 41 / 127 | 32 / 125 | 48 / 113 | 26 / 113 | 30 / 112 | 37 / 95 | 37 / 90 | 33 / 67 | 23 / 38 | 12 / 16 | 10 / 15 | 12 / 15 | 9 / 11 | 10 / 11 |
| Quartile Ranking | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.06% | 2.10% | 1.52% | 0.86% | 0.69% | 0.25% | 0.87% | 0.04% | 1.56% | 0.53% | 1.29% | 0.61% |
| Benchmark | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% |
3.93% (May 2016)
-7.63% (March 2020)
| 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 | 3 |
| Category Rank | - | 5/ 11 | 5/ 12 | 13/ 15 | 3/ 15 | 21/ 22 | 38/ 39 | 20/ 67 | 58/ 90 | 58/ 108 |
18.87% (2016)
-5.26% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 37.75 |
| Foreign Corporate Bonds | 31.93 |
| Cash and Equivalents | 24.05 |
| Canadian Equity | 3.47 |
| Canadian Government Bonds | 2.02 |
| Other | 0.78 |
| Name | Percent |
|---|---|
| Fixed Income | 72.73 |
| Cash and Cash Equivalent | 24.05 |
| Financial Services | 1.57 |
| Utilities | 0.74 |
| Telecommunications | 0.70 |
| Other | 0.21 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| Canada Government 21-Nov-2024 | 13.26 |
| Ero Copper Corp 6.50% 15-Feb-2030 | 3.22 |
| Royal Bank of Canada 4.50% 24-Oct-2025 | 2.83 |
| Bank of Nova Scotia 7.57% PERP | 2.75 |
| First Quantum Minerals Ltd 8.63% 01-Jun-2031 | 2.55 |
| South Bow Cdn Infra Hldgs Ltd 7.63% 01-Mar-2055 | 2.53 |
| Cineplex Inc 7.63% 31-Mar-2029 | 2.48 |
| Enerflex Ltd 9.00% 15-Oct-2027 | 2.28 |
| Royal Bank of Canada 7.41% 31-Dec-2049 | 2.26 |
| Vermilion Energy Inc 6.88% 01-May-2030 | 2.24 |
Guardian Strategic Income Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 4.31% | 5.54% | 5.61% |
|---|---|---|---|
| Beta | 0.45% | 0.46% | 0.42% |
| Alpha | 0.04% | 0.03% | 0.03% |
| Rsquared | 0.54% | 0.28% | 0.16% |
| Sharpe | 0.02% | 0.24% | 0.33% |
| Sortino | 0.17% | 0.13% | 0.10% |
| Treynor | 0.00% | 0.03% | 0.04% |
| Tax Efficiency | 17.77% | 14.84% | 7.01% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.95% | 4.31% | 5.54% | 5.61% |
| Beta | 0.25% | 0.45% | 0.46% | 0.42% |
| Alpha | 0.11% | 0.04% | 0.03% | 0.03% |
| Rsquared | 0.34% | 0.54% | 0.28% | 0.16% |
| Sharpe | 2.97% | 0.02% | 0.24% | 0.33% |
| Sortino | 49.09% | 0.17% | 0.13% | 0.10% |
| Treynor | 0.35% | 0.00% | 0.03% | 0.04% |
| Tax Efficiency | 80.88% | 17.77% | 14.84% | 7.01% |
| 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 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| GCG102 |
The primary objectives of the Fund are to generate capital gains, preserve capital and make monthly distributions by investing primarily in securities that can benefit from changes to interest rates and credit spreads. The Fund aims to maintain low volatility and low correlation with traditional equity and fixed income markets. The Fund may use leverage through the use of cash borrowings, short sales and derivatives.
The Fund invests primarily in, and sells short securities of, issuers generally located in North America. The Fund principally holds investment grade and non-investment grade fixed income securities, broadly diversified by issuer and industry. It may also hold other securities, including floatingrate bank loans, convertible bonds, equities, warrants, real estate investment trusts, ETFs, and collateralized debt and loan obligations.
| Name | Start Date |
|---|---|
| Derrick Knie | 01-30-2015 |
| Aubrey Basdeo | 03-02-2023 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.22% |
|---|---|
| Management Fee | 1.85% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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