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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
(07-19-2024)
$17.89
Change
$0.00 (-0.02%)

As at June 30, 2024

As at June 30, 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): 2.31%

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 0.11% 3.39% 10.01% 10.01% 16.06% 3.09% -0.08% 8.96% 3.28% - - - - -
Benchmark -0.02% 4.17% 14.19% 14.19% 20.75% 4.84% 1.14% 9.04% 5.57% 2.91% 3.24% 5.18% 3.41% 2.28%
Category Average 0.00% 12.03% 12.03% 12.03% 19.28% 5.37% 1.00% 9.15% 5.49% 2.94% 3.08% 5.00% 3.65% 2.76%
Category Rank 25 / 71 47 / 71 64 / 71 64 / 71 65 / 71 66 / 69 59 / 69 46 / 64 53 / 63 - - - - -
Quartile Ranking 2 3 4 4 4 4 4 3 4 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.93% -2.95% 1.09% -2.48% 7.05% 2.07% 3.80% 0.14% 2.37% 0.19% 3.08% 0.11%
Benchmark 1.45% -4.21% 1.44% -2.80% 9.47% 0.82% 5.81% 0.13% 3.47% 1.22% 2.94% -0.02%

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 58.43
Canadian Corporate Bonds 38.36
International Equity 1.77
Cash and Equivalents 1.45
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.35
Financial Services 36.38
Energy 17.54
Utilities 5.76
Cash and Cash Equivalent 1.45
Other 0.52

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.23
Latin America 1.77

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 4.20% PERP 5.48
Toronto-Dominion Bank 5.75% PERP 4.96
Bank of Montreal 7.37% 31-Dec-2049 4.74
Toronto-Dominion Bank - Pfd Cl B Sr 3 3.89
Enbridge Inc - Pfd Sr 19 3.67
Power Corp of Canada - Pfd Sr G 3.34
Canadian Imperial Bank Commerce - Pfd Cl A Sr 47 3.22
Manulife Financial Corp 7.12% 19-Jun-2027 3.16
Pembina Pipeline Corp - Pfd Cl A Sr 15 3.03
Toronto-Dominion Bank 7.23% PERP 2.89

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 9.78% 15.95% -
Beta 0.79% 1.00% -
Alpha -0.01% -0.02% -
Rsquared 0.95% 0.95% -
Sharpe -0.27% 0.16% -
Sortino -0.36% 0.12% -
Treynor -0.03% 0.02% -
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.38% 9.78% 15.95% -
Beta 0.73% 0.79% 1.00% -
Alpha 0.01% -0.01% -0.02% -
Rsquared 0.95% 0.95% 0.95% -
Sharpe 1.12% -0.27% 0.16% -
Sortino 2.94% -0.36% 0.12% -
Treynor 0.14% -0.03% 0.02% -
Tax Efficiency 86.71% - - -

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 investment strategy of each Evolve Fund is to invest in and hold a portfolio of securities selected by the Manager or the applicable Sub-Advisor in order to achieve its investment objectives. Each Evolve Fund will invest in its own actively managed portfolio comprised of various securities and instruments which may include, but are not limited to, equity and equity related securities, debt securities, futures contracts, senior secured loans and exchange traded funds.

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 Back 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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