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MD Equity Fund Series A

Canadian Focused Equity

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
(01-22-2025)
$35.45
Change
$0.23 (0.65%)

As at December 31, 2024

As at December 31, 2024

As at December 31, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
End of interactive chart.

Legend

MD Equity Fund Series A

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Fund Returns

Inception Return (February 28, 1966): 8.32%

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 -2.04% 5.55% 13.25% 22.47% 22.47% 17.87% 7.89% 11.15% 9.31% 10.53% 7.42% 7.34% 8.42% 7.27%
Benchmark -2.12% 4.20% 13.14% 22.75% 22.75% 18.09% 8.32% 11.53% 10.73% 12.45% 9.41% 9.59% 10.12% 8.98%
Category Average -2.34% 3.20% 10.20% 19.16% 19.16% 16.21% 6.95% 10.59% 10.01% 11.39% 8.25% 8.23% 8.58% 7.42%
Category Rank 246 / 576 138 / 576 81 / 575 199 / 570 199 / 570 231 / 563 276 / 552 279 / 539 378 / 531 401 / 517 392 / 482 345 / 432 301 / 409 273 / 376
Quartile Ranking 2 1 1 2 2 2 2 3 3 4 4 4 3 3

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -2.7951 to 6.3562.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 1.87% 3.22% 2.87% -2.80% 2.29% 0.55% 4.41% 0.06% 2.71% 1.30% 6.36% -2.04%
Benchmark 0.82% 3.10% 3.64% -1.88% 2.82% -0.17% 4.75% 0.75% 2.88% 0.77% 5.65% -2.12%

Best Monthly Return Since Inception

13.49% (January 1975)

Worst Monthly Return Since Inception

-18.43% (August 1998)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -9.607118 to 22.751909.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -2.57% 17.44% 6.81% -9.51% 16.87% 2.23% 21.56% -9.61% 13.43% 22.47%
Benchmark -0.77% 14.44% 10.80% -7.14% 21.45% 7.58% 21.76% -8.87% 13.60% 22.75%
Category Average -2.47% 11.42% 8.06% -8.78% 18.54% 7.73% 22.26% -9.42% 13.34% 19.16%
Quartile Ranking 4 1 3 3 4 3 3 2 2 2
Category Rank 283/ 376 80/ 409 249/ 432 334/ 482 391/ 517 397/ 531 363/ 539 269/ 552 280/ 563 199/ 570

Best Calendar Return (Last 10 years)

22.47% (2024)

Worst Calendar Return (Last 10 years)

-9.61% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 65.38
US Equity 21.18
International Equity 9.28
Cash and Equivalents 2.08
Foreign Corporate Bonds 1.20
Other 0.88

Sector Allocation

Sector Allocation
Name Percent
Financial Services 22.67
Technology 17.21
Consumer Services 10.67
Industrial Services 8.44
Basic Materials 8.35
Other 32.66

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.74
Europe 5.48
Asia 1.72
Latin America 0.20
Africa and Middle East 0.09
Other 1.77

Top Holdings

Top Holdings
Name Percent
Brookfield Corp Cl A 3.20
Canadian National Railway Co 2.52
Bank of Montreal 2.47
Shopify Inc Cl A 2.38
Bank of Nova Scotia 2.32
Manulife Financial Corp 1.98
WSP Global Inc 1.80
CAE Inc 1.76
TC Energy Corp 1.74
National Bank of Canada 1.67

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)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 6.8987 to 21.5153.
The chart has 1 Y axis displaying Return. Data ranges from -2.660412 to 16.257336.
End of interactive chart.

MD Equity Fund Series A

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 12.48% 15.04% 12.05%
Beta 0.94% 1.01% 0.99%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.97% 0.96% 0.95%
Sharpe 0.38% 0.52% 0.51%
Sortino 0.67% 0.65% 0.56%
Treynor 0.05% 0.08% 0.06%
Tax Efficiency 71.54% 80.33% 76.88%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 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 8.89% 12.48% 15.04% 12.05%
Beta 1.01% 0.94% 1.01% 0.99%
Alpha 0.00% 0.00% -0.01% -0.01%
Rsquared 0.93% 0.97% 0.96% 0.95%
Sharpe 1.85% 0.38% 0.52% 0.51%
Sortino 4.67% 0.67% 0.65% 0.56%
Treynor 0.16% 0.05% 0.08% 0.06%
Tax Efficiency 87.03% 71.54% 80.33% 76.88%

Fundata ESG Metrics

Fundata ESG Score

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 51.124297 to 55.245219.
End of interactive chart.

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

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 45.752655 to 58.230332.
End of interactive chart.

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

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 44.409744 to 49.934586.
End of interactive chart.

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

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 48.782011 to 52.140589.
End of interactive chart.

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.

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Fund Details

Start Date February 28, 1966
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Restricted
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $430

Fund Codes

FundServ Code Load Code Sales Status
MDM050

Investment Objectives

The Fund’s objectives are to provide long-term capital growth, having due regard to the preservation of capital, with income production as a secondary consideration. The Fund invests in a diversified portfolio of Canadian equity securities of small, mid and large cap companies. The Fund may invest up to 30% of its portfolio in non-Canadian securities.

Investment Strategy

The Fund employs an active multiple sub-adviser approach to leverage the individual strengths of each sub-adviser. Fund assets are allocated to a combination of the sub-advisers for the Fund, based on the Portfolio Manager’s assessment of the sub-advisers’ skills, the expected capital market environment, and the anticipated risk inherent in each sub-adviser’s strategy.

Portfolio Manager(s)

Name Start Date
Janus Henderson Investors US LLC 02-04-2022
Fiduciary Management Inc. (Fiduciary) 02-04-2022
Jarislowsky, Fraser Limited 02-04-2022
Columbia Management Investment Advisers, LLC 02-04-2022
Hillsdale Investment Management Inc. 02-04-2022
Jensen Investment Management Inc. 02-04-2022
05-18-2022

Management and Organization

Fund Manager MD Financial Management Inc.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar MD Financial Management Inc.
Distributor MD Management Limited
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 3,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 0

Fees

MER 1.53%
Management Fee 1.24%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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