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Canoe Defensive International Equity Fund Series A

International Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019

Click for more information on Fundata’s FundGrade

NAVPS
(07-19-2024)
$19.44
Change
-$0.11 (-0.59%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
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Legend

Canoe Defensive International Equity Fund Series A

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Fund Returns

Inception Return (January 05, 2017): 9.79%

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 1.41% 1.43% 9.99% 9.99% 13.49% 17.31% 5.36% 7.85% 8.32% 8.22% 8.43% - - -
Benchmark -0.96% 0.37% 7.98% 7.98% 14.83% 17.82% 4.81% 9.01% 7.10% 5.71% 6.17% 7.96% 6.30% 6.94%
Category Average -1.07% 7.58% 7.58% 7.58% 12.01% 15.12% 3.02% 7.63% 5.98% 5.01% 5.06% 6.66% 5.07% 5.58%
Category Rank 15 / 786 219 / 782 204 / 773 204 / 773 292 / 755 228 / 721 207 / 703 367 / 664 104 / 625 56 / 550 46 / 505 - - -
Quartile Ranking 1 2 2 2 2 2 2 3 1 1 1 - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.47% -0.36% -5.57% 0.32% 5.13% 3.50% 2.28% 4.36% 1.60% -2.36% 2.44% 1.41%
Benchmark 3.11% -1.30% -3.65% -1.92% 7.38% 2.98% 0.90% 3.40% 3.12% -1.23% 2.60% -0.96%

Best Monthly Return Since Inception

8.60% (November 2022)

Worst Monthly Return Since Inception

-8.00% (October 2018)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -1.28% 22.18% 13.22% 12.82% -13.85% 14.32%
Benchmark 4.12% 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74%
Category Average 1.55% 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75%
Quartile Ranking - - - - 1 1 2 1 3 2
Category Rank - - - - 59/ 530 142/ 598 187/ 652 129/ 682 405/ 705 342/ 736

Best Calendar Return (Last 10 years)

22.18% (2019)

Worst Calendar Return (Last 10 years)

-13.85% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 93.98
US Equity 3.23
Canadian Equity 2.88
Cash and Equivalents -0.09

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 27.18
Technology 18.76
Industrial Services 11.79
Healthcare 10.85
Financial Services 10.30
Other 21.12

Geographic Allocation

Geographic Allocation
Name Percent
Europe 73.33
Asia 19.29
North America 5.97
Other 1.41

Top Holdings

Top Holdings
Name Percent
Taiwan Semiconductor Manufactrg Co Ltd - ADR 9.13
Novo Nordisk A/S Cl B 8.06
London Stock Exchange Group PLC 4.96
LVMH Moet Hennessy Louis Vuitton SE 4.80
Nestle SA Cl N 4.39
ASML Holding NV 4.37
InterContinental Hotels Group PLC 4.02
EssilorLuxottica SA 3.87
L'Air Liquide SA 3.83
Sap SE 3.55

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Canoe Defensive International Equity Fund Series A

Median

Other - International Equity

3 Yr Annualized

Standard Deviation 12.43% 10.78% -
Beta 0.76% 0.61% -
Alpha 0.02% 0.04% -
Rsquared 0.68% 0.60% -
Sharpe 0.24% 0.60% -
Sortino 0.35% 0.79% -
Treynor 0.04% 0.11% -
Tax Efficiency 99.07% 99.59% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.22% 12.43% 10.78% -
Beta 0.79% 0.76% 0.61% -
Alpha 0.02% 0.02% 0.04% -
Rsquared 0.69% 0.68% 0.60% -
Sharpe 0.82% 0.24% 0.60% -
Sortino 1.59% 0.35% 0.79% -
Treynor 0.11% 0.04% 0.11% -
Tax Efficiency 99.27% 99.07% 99.59% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

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Fund Details

Start Date January 05, 2017
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
GOC1091
GOC1092

Investment Objectives

To achieve over the longer term the highest possible return that is consistent with a fundamental investment philosophy through capital appreciation by investing primarily in foreign equity securities. The Fund invests primarily in equity securities of established companies across world markets, generally excluding North America. The fundamental investment objectives cannot be changed without approval of a majority of the securityholders of the Fund.

Investment Strategy

The Fund seeks to achieve its objectives by investing primarily in foreign equity securities. When buying and selling equity securities, the sub-advisor: selects investments based on fundamental research and analysis.

Portfolio Manager(s)

Name Start Date
Nadim Rizk 01-03-2017
Canoe Financial LP 07-22-2019
PineStone Asset Management Inc 07-26-2022

Management and Organization

Fund Manager Canoe Financial LP
Advisor Canoe Financial LP
Custodian CIBC Mellon Trust Company
Registrar International Financial Data Services (Canada) Ltd
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 50
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.43%
Management Fee 1.85%
Load Choice of Front or No Load
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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