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Tradex Bond Fund
Canadian Fix Inc Balanced
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FundGrade C
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Fundata ESG Grade A
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|
NAVPS (06-23-2026) |
$12.08 |
|---|---|
| Change |
$0.03
(0.21%)
|
As at May 31, 2026
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (September 22, 1989): 5.44%
| 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 | 1.36% | 0.89% | 3.32% | 3.62% | 8.38% | 8.51% | 8.16% | 5.22% | 3.34% | 4.99% | 4.14% | 3.76% | 3.43% | 3.76% |
| Benchmark | 1.68% | 0.06% | 3.25% | 3.97% | 10.47% | 11.20% | 9.01% | 6.68% | 4.38% | 4.69% | 4.72% | 4.90% | 4.49% | 4.57% |
| Category Average | 1.88% | 0.73% | 3.14% | 3.85% | 9.07% | 8.69% | 8.04% | 6.01% | 3.72% | 4.33% | 4.09% | 4.04% | 3.61% | 3.80% |
| Category Rank | 366 / 410 | 205 / 410 | 179 / 410 | 249 / 410 | 239 / 400 | 210 / 396 | 190 / 393 | 306 / 390 | 240 / 370 | 108 / 337 | 166 / 323 | 184 / 287 | 158 / 271 | 147 / 260 |
| Quartile Ranking | 4 | 2 | 2 | 3 | 3 | 3 | 2 | 4 | 3 | 2 | 3 | 3 | 3 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.65% | -0.03% | 0.92% | 1.83% | 0.73% | 0.71% | -0.29% | 0.72% | 1.97% | -1.24% | 0.78% | 1.36% |
| Benchmark | 0.76% | -0.14% | 1.52% | 2.70% | 0.81% | 1.16% | -0.69% | 0.68% | 3.20% | -2.57% | 1.00% | 1.68% |
Best Monthly Return Since Inception
5.08% (September 1998)
Worst Monthly Return Since Inception
-7.52% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.08% | 5.28% | -3.08% | 5.33% | 6.89% | 6.84% | -10.55% | 6.35% | 8.64% | 6.78% |
| Benchmark | 6.19% | 4.30% | -1.25% | 10.87% | 8.35% | 3.73% | -9.93% | 7.79% | 8.33% | 9.15% |
| Category Average | 4.06% | 3.92% | -2.19% | 9.07% | 6.42% | 3.91% | -9.95% | 7.21% | 8.35% | 6.88% |
| Quartile Ranking | 1 | 1 | 4 | 4 | 3 | 1 | 3 | 4 | 2 | 3 |
| Category Rank | 30/ 248 | 64/ 268 | 230/ 281 | 300/ 303 | 183/ 335 | 26/ 358 | 228/ 374 | 322/ 392 | 173/ 395 | 224/ 398 |
Best Calendar Return (Last 10 years)
8.64% (2024)
Worst Calendar Return (Last 10 years)
-10.55% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Government Bonds | 43.30 |
| Canadian Corporate Bonds | 33.97 |
| Canadian Equity | 19.89 |
| US Equity | 1.76 |
| International Equity | 0.69 |
| Other | 0.39 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 77.27 |
| Financial Services | 7.86 |
| Energy | 4.58 |
| Telecommunications | 2.75 |
| Utilities | 1.93 |
| Other | 5.61 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.31 |
| Latin America | 0.69 |
Top Holdings
| Name | Percent |
|---|---|
| Royal Bank of Canada 4.63% 01-May-2028 | 7.09 |
| Canada Government 3.50% 01-Dec-2045 | 6.93 |
| Bank of Montreal 3.65% 01-Mar-2027 | 6.67 |
| British Columbia Province 3.20% 18-Jun-2044 | 5.43 |
| Canada Housing Trust No 1 2.35% 15-Jun-2027 | 5.06 |
| Canada Government 1.75% 01-Dec-2053 | 5.05 |
| Alberta Province 2.90% 20-Sep-2029 | 4.43 |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 4.28 |
| Toronto-Dominion Bank 5.18% 09-Apr-2029 | 4.10 |
| CPPIB Capital Inc 3.00% 15-Jun-2028 | 3.93 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Tradex Bond Fund
Median
Other - Canadian Fix Inc Balanced
3 Yr Annualized
| Standard Deviation | 4.72% | 5.72% | 5.41% |
|---|---|---|---|
| Beta | 0.75 | 0.80 | 0.82 |
| Alpha | 0.01 | 0.00 | 0.00 |
| Rsquared | 0.89% | 0.90% | 0.86% |
| Sharpe | 0.93 | 0.09 | 0.36 |
| Sortino | 2.15 | 0.11 | 0.22 |
| Treynor | 0.06 | 0.01 | 0.02 |
| Tax Efficiency | 84.20% | 65.93% | 70.66% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.07% | 4.72% | 5.72% | 5.41% |
| Beta | 0.58 | 0.75 | 0.80 | 0.82 |
| Alpha | 0.02 | 0.01 | 0.00 | 0.00 |
| Rsquared | 0.98% | 0.89% | 0.90% | 0.86% |
| Sharpe | 1.88 | 0.93 | 0.09 | 0.36 |
| Sortino | 3.19 | 2.15 | 0.11 | 0.22 |
| Treynor | 0.10 | 0.06 | 0.01 | 0.02 |
| Tax Efficiency | 80.59% | 84.20% | 65.93% | 70.66% |
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 | September 22, 1989 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Restricted |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $31 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| TMI002 |
Investment Objectives
To achieve a combination of income and long-term capital preservation by investing primarily in a diversified portfolio of investment grade Canadian bonds. In addition, up to 30 percent of the portfolio may be invested in income producing equity securities, such as common shares of Canadian companies that pay dividends, real estate investment trusts, preferred shares and income trusts.
Investment Strategy
The portfolio manager utilizes interest rate anticipation, credit sector and security selection strategies in the context of a long term, bottom–up, value-oriented approach. The approach for fixed income securities is conservative in nature and is based upon an overall forecast derived from both macroeconomic and technical analysis with the selection of bonds based upon optimal risk/return characteristics.
Portfolio Management
| Portfolio Manager |
Foyston, Gordon and Payne, Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Tradex Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
RBC Investor Services Trust |
| Distributor |
Tradex Management Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 1,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 1,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.18% |
|---|---|
| Management Fee | 0.60% |
| Load | Back Fee Only |
| FE Max | 2.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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