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Counsel Short Term Bond Series A

Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(02-11-2025)
$9.46
Change
-$0.01 (-0.10%)

As at January 31, 2025

As at November 30, 2024

Period
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Legend

Counsel Short Term Bond Series A

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Fund Returns

Inception Return (January 25, 2010): 1.39%

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 0.82% 1.72% 3.22% 0.82% 6.22% 4.84% 2.29% 1.09% 1.78% 1.95% 1.86% 1.44% 1.30% 1.11%
Benchmark 0.83% 1.78% 3.39% 0.83% 6.73% 5.12% 2.67% 1.53% 2.06% 2.29% 2.35% 2.03% 1.91% 1.80%
Category Average 0.71% 1.51% 2.89% 0.71% 5.96% 4.66% 2.29% 1.26% 1.72% 1.93% 1.85% 1.63% 1.58% 1.35%
Category Rank 126 / 330 173 / 321 176 / 317 126 / 330 184 / 304 168 / 263 183 / 250 177 / 237 150 / 227 148 / 218 142 / 204 141 / 184 143 / 179 135 / 169
Quartile Ranking 2 3 3 2 3 3 3 3 3 3 3 4 4 4

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund -0.01% 0.42% -0.64% 0.86% 0.73% 1.54% 0.46% 1.31% -0.30% 0.57% 0.32% 0.82%
Benchmark 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83%

Best Monthly Return Since Inception

1.81% (November 2023)

Worst Monthly Return Since Inception

-1.72% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.18% 0.12% -0.96% 0.14% 2.62% 5.55% -1.36% -4.87% 5.02% 5.17%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking 3 4 4 4 3 2 3 3 3 4
Category Rank 99/ 165 153/ 178 174/ 183 183/ 203 155/ 217 57/ 227 169/ 233 176/ 247 141/ 260 215/ 280

Best Calendar Return (Last 10 years)

5.55% (2020)

Worst Calendar Return (Last 10 years)

-4.87% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 52.98
Canadian Government Bonds 30.78
Cash and Equivalents 15.54
Foreign Corporate Bonds 0.37
Foreign Government Bonds 0.31
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 84.15
Cash and Cash Equivalent 15.54
Financial Services 0.30
Utilities 0.01
Consumer Goods 0.01
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.01
Europe 0.01
Latin America 0.00
Other -0.02

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 7.63
Quebec Province 2.75% 01-Sep-2028 4.81
Quebec Province 2.30% 01-Sep-2029 4.80
Ontario Province 3.40% 08-Sep-2028 3.53
Canada Housing Trust No 1 2.25% 15-Dec-2025 2.96
Ontario Province 3.60% 08-Mar-2028 2.81
Canada Housing Trust No 1 1.80% 15-Dec-2024 2.58
Sun Life Financial Inc 2.80% 21-Nov-2028 2.48
Manulife Financial Corp 5.41% 10-Mar-2028 1.93
Hydro One Inc 4.91% 27-Dec-2027 1.85

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Counsel Short Term Bond Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.97% 2.63% 2.06%
Beta 1.03% 1.04% 1.02%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.97% 0.92% 0.91%
Sharpe -0.48% -0.21% -0.25%
Sortino -0.32% -0.60% -1.10%
Treynor -0.01% -0.01% -0.01%
Tax Efficiency 47.78% 48.98% 23.53%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.16% 2.97% 2.63% 2.06%
Beta 1.13% 1.03% 1.04% 1.02%
Alpha -0.01% 0.00% 0.00% -0.01%
Rsquared 0.98% 0.97% 0.92% 0.91%
Sharpe 0.85% -0.48% -0.21% -0.25%
Sortino 2.85% -0.32% -0.60% -1.10%
Treynor 0.02% -0.01% -0.01% -0.01%
Tax Efficiency 78.44% 47.78% 48.98% 23.53%

Fund Details

Start Date January 25, 2010
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $84

Fund Codes

FundServ Code Load Code Sales Status
CGF139
CGF239
CGF339

Investment Objectives

Counsel Short Term Bond seeks to achieve a moderate level of income while preserving investment capital and liquidity. The Fund invests, either directly or through securities of other mutual funds, in a diversified portfolio of primarily Canadian fixed-income securities.

Investment Strategy

The Fund seeks to maximize income while also preserving investment capital and liquidity by investing primarily in debt obligations issued or guaranteed by the Canadian federal, provincial, municipal governments, or any agency of such governments, as well as debt obligations of corporations. The Fund’s investments are expected to have a weighted average credit quality of “BBB-” or higher, as rated by DBRS or an equivalent rating from another recognized credit rating organization.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 01-14-2010
Canada Life Investment Management Ltd. 01-14-2010

Management and Organization

Fund Manager Canada Life Investment Management Ltd.
Advisor Canada Life Investment Management Ltd.
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor IPC Investment Corporation
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 0

Fees

MER 1.22%
Management Fee 0.95%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 4.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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