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Evolve Active Canadian Preferred Share Fund Unhedged Class A

Preferred Sh Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-19-2024)
$17.11
Change
-$0.05 (-0.29%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Evolve Active Canadian Preferred Share Fund Unhedged Class A

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Fund Returns

Inception Return (April 23, 2019): 1.74%

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 2.37% 6.40% 13.37% 6.40% 8.56% -2.08% 0.27% 10.93% - - - - - -
Benchmark 3.47% 9.62% 17.59% 9.62% 13.52% -1.22% 1.41% 11.77% 4.28% 2.35% 2.80% 5.01% 2.49% 2.13%
Category Average 3.15% 15.84% 15.84% 8.36% 13.77% -0.57% 1.63% 11.73% 4.43% 2.49% 2.74% 4.97% 2.86% 2.71%
Category Rank 61 / 71 66 / 71 62 / 71 66 / 71 70 / 70 66 / 69 59 / 69 50 / 64 - - - - - -
Quartile Ranking 4 4 4 4 4 4 4 4 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.41% -2.80% -0.90% 0.93% -2.95% 1.09% -2.48% 7.05% 2.07% 3.80% 0.14% 2.37%
Benchmark 0.27% -3.57% 1.28% 1.45% -4.21% 1.44% -2.80% 9.47% 0.82% 5.81% 0.13% 3.47%

Best Monthly Return Since Inception

11.19% (April 2020)

Worst Monthly Return Since Inception

-23.37% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - -2.18% 18.97% -16.12% 4.83%
Benchmark 6.82% -14.95% 6.98% 13.62% -7.93% 3.48% 6.16% 19.35% -18.08% 5.90%
Category Average 7.19% -11.52% 8.78% 12.66% -8.25% 4.17% 5.25% 19.63% -16.73% 6.27%
Quartile Ranking - - - - - - 4 3 2 3
Category Rank - - - - - - 64/ 64 49/ 69 30/ 69 45/ 70

Best Calendar Return (Last 10 years)

18.97% (2021)

Worst Calendar Return (Last 10 years)

-16.12% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 60.55
Canadian Corporate Bonds 37.43
International Equity 1.76
Cash and Equivalents 0.26

Sector Allocation

Sector Allocation
Name Percent
Financial Services 39.01
Fixed Income 37.43
Energy 16.98
Utilities 5.77
Telecommunications 0.55
Other 0.26

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.24
Latin America 1.76

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 4.20% PERP 4.90
Toronto-Dominion Bank 5.75% PERP 4.58
Bank of Montreal 7.37% 31-Dec-2049 4.47
Toronto-Dominion Bank - Pfd Cl B Sr 3 3.66
Enbridge Inc - Pfd Sr 19 3.53
Power Corp of Canada - Pfd Sr G 3.47
Pembina Pipeline Corp - Pfd Cl A Sr 15 3.14
Canadian Imperial Bank Commerce - Pfd Cl A Sr 47 3.06
Manulife Financial Corp 7.12% 19-Jun-2027 2.98
Toronto-Dominion Bank 7.23% PERP 2.74

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Evolve Active Canadian Preferred Share Fund Unhedged Class A

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

Standard Deviation 9.83% - -
Beta 0.79% - -
Alpha -0.01% - -
Rsquared 0.95% - -
Sharpe -0.19% - -
Sortino -0.31% - -
Treynor -0.02% - -
Tax Efficiency - - -
Volatility Volatility rating is 5 on a scale of 1 to 10 - -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.10% 9.83% - -
Beta 0.73% 0.79% - -
Alpha -0.01% -0.01% - -
Rsquared 0.94% 0.95% - -
Sharpe 0.39% -0.19% - -
Sortino 1.07% -0.31% - -
Treynor 0.05% -0.02% - -
Tax Efficiency 75.62% - - -

Fund Details

Start Date April 23, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
EVF101

Investment Objectives

DIVS seeks to provide holders of Units with stable income and long-term capital appreciation by investing primarily in a diversified mix of preferred shares of Canadian issuers, in addition to U.S. and international issuers.

Investment Strategy

The Manager has retained Addenda Capital Inc. as sub-advisor for DIVS. The Sub-Advisor will actively manage the portfolio in connection with the selection, purchase, and sale of preferred shares in the portfolio. The Sub- Advisor will seek to invest, directly or indirectly, in a diversified mix of income generating securities. Under normal market conditions, the Sub-Advisor will generally not invest more than 30% of DIVS’s portfolio in securities of non- Canadian issuers.

Portfolio Manager(s)

Name Start Date
Evolve Funds Group Inc. 09-29-2017
Addenda Capital Inc. 04-02-2020

Management and Organization

Fund Manager Evolve Funds Group Inc.
Advisor Evolve Funds Group Inc.
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 0
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 0

Fees

MER 1.71%
Management Fee 1.40%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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