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Canoe Fundamental Global Balanced Fund Series A

Global Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(07-23-2025)
$10.39
Change
-$0.01 (-0.11%)

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025$10,000$11,000$12,000$13,000$10,500$11,500$12,500Period

Legend

Canoe Fundamental Global Balanced Fund Series A

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Fund Returns

Inception Return (April 13, 2020): 5.23%

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 1.68% 0.98% 1.11% 1.11% 6.04% 7.00% 7.81% 3.35% 4.59% - - - - -
Benchmark 2.53% 2.76% 3.35% 3.35% 12.62% 13.35% 12.58% 5.72% 6.67% 6.88% 6.64% 6.83% 7.12% 7.01%
Category Average 1.87% 2.93% 3.65% 3.65% 10.26% 10.24% 9.45% 4.12% 6.33% 5.50% 5.32% 5.21% 5.52% 4.98%
Category Rank 1,201 / 1,816 1,582 / 1,771 1,630 / 1,769 1,630 / 1,769 1,692 / 1,749 1,628 / 1,681 1,420 / 1,621 1,144 / 1,478 1,193 / 1,352 - - - - -
Quartile Ranking 3 4 4 4 4 4 4 4 4 - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.39% 0.67% 1.13% -0.74% 1.98% -0.60% 1.79% -0.36% -1.27% -2.59% 1.95% 1.68%
Benchmark 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72% -0.03% -2.06% -2.19% 2.47% 2.53%

Best Monthly Return Since Inception

4.56% (November 2022)

Worst Monthly Return Since Inception

-4.71% (January 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 11.15% -11.18% 7.36% 9.91%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53% 12.15%
Quartile Ranking - - - - - - 2 3 4 4
Category Rank - - - - - - 392/ 1,412 915/ 1,554 1,395/ 1,660 1,509/ 1,714

Best Calendar Return (Last 10 years)

11.15% (2021)

Worst Calendar Return (Last 10 years)

-11.18% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 17.81
Cash and Equivalents 10.99
Canadian Corporate Bonds 10.27
Foreign Government Bonds 6.72
Foreign Corporate Bonds 5.05
Other 49.16

Sector Allocation

Sector Allocation
Name Percent
Mutual Fund 40.42
Fixed Income 29.47
Cash and Cash Equivalent 10.98
Financial Services 4.74
Energy 3.95
Other 10.44

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.22
Europe 1.04
Latin America 0.68
Other 0.06

Top Holdings

Top Holdings
Name Percent
Canoe Fundamental Global Equity Portfolio Cl Ser I 40.42
Canoe Bond Advantage Fund Series I 15.73
Canoe Unconstrained Bond Fund Series I 10.93
Canoe Global Income Fund Series I 10.50
BANK OF MONTREAL TD 2.55% 02-Jul-2025 3.04
ARC Resources Ltd 0.85
Royal Bank of Canada 0.82
Tourmaline Oil Corp 0.79
Canadian National Railway Co 0.75
Intact Financial Corp 0.71

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return45678910111213142%4%6%8%10%12%14%16%18%

Canoe Fundamental Global Balanced Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 7.06% 7.80% -
Beta 0.85% 0.88% -
Alpha -0.03% -0.01% -
Rsquared 0.91% 0.83% -
Sharpe 0.54% 0.29% -
Sortino 1.11% 0.33% -
Treynor 0.04% 0.03% -
Tax Efficiency 76.63% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.48% 7.06% 7.80% -
Beta 0.78% 0.85% 0.88% -
Alpha -0.03% -0.03% -0.01% -
Rsquared 0.91% 0.91% 0.83% -
Sharpe 0.48% 0.54% 0.29% -
Sortino 0.85% 1.11% 0.33% -
Treynor 0.03% 0.04% 0.03% -
Tax Efficiency 71.17% 76.63% - -

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 Management

Portfolio Manager

Canoe Financial LP

  • Robert Taylor
  • Fabian Renauer
Sub-Advisor

PineStone Asset Management Inc

  • Nadim Rizk

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 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 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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