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Canoe Defensive International Equity Fund Series A

International Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019

Click for more information on Fundata’s FundGrade

NAVPS
(04-28-2025)
$18.71
Change
$0.06 (0.30%)

As at March 31, 2025

As at March 31, 2025

As at March 31, 2025

Period
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Canoe Defensive International Equity Fund Series A

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Fund Returns

Inception Return (January 05, 2017): 8.76%

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 -5.71% -1.73% -3.09% -1.73% 0.70% 6.96% 6.93% 5.79% 7.59% 7.48% 7.25% 7.85% - -
Benchmark -0.76% 6.17% 3.52% 6.17% 9.71% 12.44% 9.87% 6.83% 11.42% 7.63% 6.31% 7.07% 7.88% 6.53%
Category Average -1.35% 5.36% 2.43% 5.36% 9.01% 10.71% 8.53% 5.43% 10.39% 6.66% 5.41% 6.08% 6.73% 5.41%
Category Rank 779 / 801 727 / 797 718 / 795 727 / 797 724 / 771 642 / 735 577 / 712 398 / 689 601 / 652 280 / 616 114 / 541 103 / 479 - -
Quartile Ranking 4 4 4 4 4 4 4 3 4 2 1 1 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -2.36% 2.44% 1.41% 1.02% 0.88% 0.53% -1.95% 0.00% 0.58% 6.13% -1.80% -5.71%
Benchmark -1.23% 2.60% -0.96% 4.08% 0.37% 1.09% -2.68% 0.03% 0.16% 5.72% 1.20% -0.76%

Best Monthly Return Since Inception

8.60% (November 2022)

Worst Monthly Return Since Inception

-8.00% (October 2018)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - -1.28% 22.18% 13.22% 12.82% -13.85% 14.32% 11.13%
Benchmark 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74% 11.18%
Category Average 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75% 10.76%
Quartile Ranking - - - 1 1 2 1 3 2 3
Category Rank - - - 59/ 532 142/ 599 185/ 649 128/ 679 402/ 701 341/ 731 484/ 766

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 95.02
US Equity 3.70
Canadian Equity 2.83
Cash and Equivalents -1.55

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 28.63
Technology 17.73
Financial Services 12.78
Industrial Services 11.77
Industrial Goods 8.86
Other 20.23

Geographic Allocation

Geographic Allocation
Name Percent
Europe 76.67
Asia 17.05
North America 4.81
Multi-National 0.45
Other 1.02

Top Holdings

Top Holdings
Name Percent
London Stock Exchange Group PLC 6.64
Taiwan Semiconductor Manufactrg Co Ltd - ADR 6.60
EssilorLuxottica SA 4.98
L'Air Liquide SA 4.98
Nestle SA Cl N 4.65
InterContinental Hotels Group PLC 4.52
Keyence Corp 4.45
Sap SE 4.40
LVMH Moet Hennessy Louis Vuitton SE 4.32
Cie Financiere Richemont SA 4.02

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 11.71% 11.18% -
Beta 0.71% 0.69% -
Alpha 0.00% 0.00% -
Rsquared 0.64% 0.61% -
Sharpe 0.30% 0.50% -
Sortino 0.60% 0.67% -
Treynor 0.05% 0.08% -
Tax Efficiency 99.10% 99.46% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 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 10.07% 11.71% 11.18% -
Beta 0.89% 0.71% 0.69% -
Alpha -0.07% 0.00% 0.00% -
Rsquared 0.52% 0.64% 0.61% -
Sharpe -0.27% 0.30% 0.50% -
Sortino -0.26% 0.60% 0.67% -
Treynor -0.03% 0.05% 0.08% -
Tax Efficiency 95.95% 99.10% 99.46% -

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.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

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 Management

Portfolio Manager

Canoe Financial LP

Sub-Advisor

PineStone Asset Management Inc

  • Nadim Rizk

Nalmont Capital

  • Nicolas Papageorgiou

Management and Organization

Fund Manager

Canoe Financial LP

Custodian

CIBC Mellon Trust Company

Registrar

International Financial Data Services (Canada) Ltd

Distributor

-

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 2.44%
Management Fee 1.85%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 3.00%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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