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Canoe Defensive Global Balanced Fund Series A

Global Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-19-2024)
$10.43
Change
-$0.04 (-0.37%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
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Legend

Canoe Defensive Global Balanced Fund Series A

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Fund Returns

Inception Return (April 13, 2020): 5.04%

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 1.25% -0.08% 4.81% 4.81% 7.98% 8.71% 2.46% 4.23% - - - - - -
Benchmark 1.79% 1.93% 7.81% 7.81% 14.07% 12.55% 3.51% 5.23% 5.76% 5.68% 6.03% 6.45% 6.40% 7.19%
Category Average 0.73% 5.44% 5.44% 5.44% 10.21% 9.05% 2.16% 5.38% 4.58% 4.52% 4.51% 4.94% 4.41% 4.55%
Category Rank 339 / 1,742 1,591 / 1,712 1,203 / 1,712 1,203 / 1,712 1,474 / 1,680 1,058 / 1,609 729 / 1,464 1,026 / 1,342 - - - - - -
Quartile Ranking 1 4 3 3 4 3 2 4 - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.73% -0.36% -2.74% -0.47% 3.67% 2.29% 1.17% 2.35% 1.29% -2.68% 1.41% 1.25%
Benchmark 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79%

Best Monthly Return Since Inception

4.56% (November 2022)

Worst Monthly Return Since Inception

-4.71% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 11.15% -11.18% 7.36%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - - 2 3 4
Category Rank - - - - - - - 371/ 1,402 891/ 1,541 1,380/ 1,659

Best Calendar Return (Last 10 years)

11.15% (2021)

Worst Calendar Return (Last 10 years)

-11.18% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 26.16
Canadian Equity 23.86
International Equity 13.20
Canadian Corporate Bonds 11.22
Foreign Government Bonds 9.22
Other 16.34

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 32.75
Financial Services 12.50
Technology 10.80
Consumer Goods 9.35
Consumer Services 7.22
Other 27.38

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.49
Europe 8.17
Asia 5.06
Latin America 0.15
Multi-National 0.11
Other 0.02

Top Holdings

Top Holdings
Name Percent
Canoe Defensive Global Equity Fund I 36.12
Canoe Bond Advantage Fund Series I 18.03
Canoe Global Income Fund Series I 15.79
Canoe Unconstrained Bond Fund Series I 1.93
Cash and Cash Equivalents 1.22
ARC Resources Ltd 1.18
Royal Bank of Canada 1.17
RB Global Inc 0.95
WSP Global Inc 0.88
Restaurant Brands International Inc 0.87

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Canoe Defensive Global Balanced Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 8.64% - -
Beta 0.88% - -
Alpha -0.01% - -
Rsquared 0.84% - -
Sharpe -0.02% - -
Sortino -0.03% - -
Treynor 0.00% - -
Tax Efficiency 27.08% - -
Volatility Volatility rating is 4 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 6.70% 8.64% - -
Beta 0.84% 0.88% - -
Alpha -0.03% -0.01% - -
Rsquared 0.91% 0.84% - -
Sharpe 0.45% -0.02% - -
Sortino 1.14% -0.03% - -
Treynor 0.04% 0.00% - -
Tax Efficiency 77.09% 27.08% - -

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 April 13, 2020
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
GOC311
GOC312

Investment Objectives

? Long term capital growth while preserving capital The Fund aims to provide long term capital growth while preserving capital by investing, directly or indirectly, primarily in a global diversified portfolio of equity and fixed income securities. 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 investment objective by investing in a well-diversified portfolio of equity, fixed income and money market securities. The Fund will generally follow a neutral asset mix guideline of approximately 60% equities and 40% fixed income and money market instruments. The Fund may invest up to 100% of its net assets in foreign securities, which may include some exposure to emerging markets.

Portfolio Manager(s)

Name Start Date
Fiera Capital Corporation 03-23-2020
Canoe Financial LP 12-02-2020

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 Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.25%
Management Fee 1.90%
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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