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Canoe Preferred Share Portfolio Class Series A

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Preferred Sh Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-30-2024) 		$10.77
Change
$0.03 (0.32%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Canoe Preferred Share Portfolio Class Series A

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Fund Returns

Inception Return (July 03, 2020): 9.04%

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 2.87% 7.62% 15.41% 7.62% 12.13% 0.28% 1.80% - - - - - - -
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 58 / 71 59 / 71 58 / 71 59 / 71 65 / 70 25 / 69 45 / 69 - - - - - - -
Quartile Ranking 4 4 4 4 4 2 3 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.42% -2.59% 0.26% 0.88% -2.70% 0.92% -2.15% 7.36% 2.08% 4.39% 0.23% 2.87%
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

7.36% (November 2023)

Worst Monthly Return Since Inception

-5.58% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 17.90% -14.84% 7.46%
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 2 2
Category Rank - - - - - - - 55/ 69 22/ 69 19/ 70

Best Calendar Return (Last 10 years)

17.90% (2021)

Worst Calendar Return (Last 10 years)

-14.84% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 74.95
Canadian Corporate Bonds 20.54
Cash and Equivalents 3.25
International Equity 0.98
US Equity 0.29
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 45.59
Fixed Income 20.54
Energy 15.88
Utilities 9.05
Cash and Cash Equivalent 3.25
Other 5.69

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.03
Latin America 0.98
Other -0.01

Top Holdings

Top Holdings
Name Percent
BANK OF MONTREAL TD 4.85% 01-Apr-2024 3.28
Royal Bank of Canada 4.50% 24-Oct-2025 3.00
AltaGas Ltd - Pfd Sr H 2.94
Rogers Communications Inc 5.00% 17-Dec-2081 2.72
Toronto-Dominion Bank 7.23% PERP 2.33
Toronto-Dominion Bank 5.75% PERP 2.28
National Bank of Canada 7.50% 16-Nov-2082 2.12
Bank of Montreal - Pfd Sr 27 2.00
Canadian Imperial Bank Commerce - Pfd Cl A Sr 39 1.64
Royal Bank of Canada - Pfd Sr BD 1.46

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Canoe Preferred Share Portfolio Class Series A

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

Standard Deviation 9.33% - -
Beta 0.76% - -
Alpha 0.01% - -
Rsquared 0.97% - -
Sharpe -0.04% - -
Sortino -0.12% - -
Treynor -0.01% - -
Tax Efficiency - - -
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 10.15% 9.33% - -
Beta 0.75% 0.76% - -
Alpha 0.02% 0.01% - -
Rsquared 0.97% 0.97% - -
Sharpe 0.71% -0.04% - -
Sortino 1.89% -0.12% - -
Treynor 0.10% -0.01% - -
Tax Efficiency 74.87% - - -

Fund Details

Start Date July 03, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
GOC4181
GOC4182
GOC41822

Investment Objectives

? Steady flow of current income The Fund aims to generate a steady flow of current income by investing, indirectly through the Partnership, primarily in Canadian preferred shares.

Investment Strategy

The Fund invests, indirectly through the Partnership, primarily in preferred shares of Canadian issuers, but may invest in preferred shares of North American and other foreign issuers. The Fund may at times invest up to 40% of its portfolio, indirectly through the Partnership, in other types of fixed income securities, including money market and government bonds, ETFs that invest in preferred shares, agency and/or corporate bonds.

Portfolio Manager(s)

Name Start Date
Canoe Financial LP 07-03-2020

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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.60%
Management Fee 1.25%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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