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Ridgewood Canadian Bond Fund Series A

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(11-07-2024)
$11.00
Change
$0.08 (0.70%)

As at September 30, 2024

Period
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Legend

Ridgewood Canadian Bond Fund Series A

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Fund Returns

Inception Return (June 29, 2018): 2.11%

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 1.90% 4.32% 5.90% 5.61% 13.78% 5.43% -0.62% -0.49% 0.75% 2.32% - - - -
Benchmark 1.82% 4.54% 5.56% 4.21% 12.78% 5.31% -0.07% -1.04% 0.55% 2.05% 2.01% 1.33% 1.88% 2.23%
Category Average 1.80% 4.46% 5.19% 4.02% 12.41% 5.32% -0.66% -1.18% 0.24% 1.46% 1.32% 0.83% 1.29% 1.40%
Category Rank 275 / 658 520 / 645 62 / 634 32 / 630 108 / 625 384 / 604 401 / 583 172 / 549 200 / 518 126 / 480 - - - -
Quartile Ranking 2 4 1 1 1 3 3 2 2 2 - - - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund 0.00% 4.02% 3.58% -0.97% 0.17% 0.52% -1.36% 1.73% 1.16% 2.09% 0.28% 1.90%
Benchmark 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82%

Best Monthly Return Since Inception

4.02% (November 2023)

Worst Monthly Return Since Inception

-3.29% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 8.53% 7.92% -0.38% -13.83% 6.66%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking - - - - - 1 3 1 4 2
Category Rank - - - - - 17/ 499 389/ 529 31/ 560 572/ 589 266/ 605

Best Calendar Return (Last 10 years)

8.53% (2019)

Worst Calendar Return (Last 10 years)

-13.83% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Ridgewood Canadian Bond Fund Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.56% 5.90% -
Beta 0.89% 0.88% -
Alpha -0.01% 0.00% -
Rsquared 0.91% 0.91% -
Sharpe -0.57% -0.22% -
Sortino -0.69% -0.47% -
Treynor -0.04% -0.01% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.73% 6.56% 5.90% -
Beta 0.78% 0.89% 0.88% -
Alpha 0.03% -0.01% 0.00% -
Rsquared 0.82% 0.91% 0.91% -
Sharpe 1.47% -0.57% -0.22% -
Sortino 4.98% -0.69% -0.47% -
Treynor 0.11% -0.04% -0.01% -
Tax Efficiency 86.93% - - -

Fund Details

Start Date June 29, 2018
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
MWM400

Investment Objectives

This fund seeks to achieve a high level of income, consistent with the preservation of capital and liquidity, from a portfolio of fixed income securities. The fund will be invested primarily in liquid Canadian federal and provincial government securities and those of Canadian corporations rated “BBB” or better by Canadian Bond Rating Service Limited or Dominion Bond Rating Service Limited or given a comparable rating by another recognized rating agency.

Investment Strategy

The portfolio manager uses the following investment strategies to achieve the fund’s objectives: • managing the portfolio to take advantage of changing levels of interest rates and to capitalize on yield disparities between various issuers of debt securities • choosing many different investment terms based on the interest rate outlook • using derivatives like forward contracts for currency hedging.

Portfolio Manager(s)

Name Start Date
Mark Carpani 02-19-1999
Eddie Wong 09-01-2008

Management and Organization

Fund Manager Ridgewood Capital Asset Management Inc.
Advisor Ridgewood Capital Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Dexia Investor Services Trust
Distributor Ridgewood Capital Asset Management Inc.
Auditor Deloitte & Touche, Chartered Accountants

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.06%
Management Fee 1.00%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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