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Encasa Canadian Short-Term Bond Fund 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
(06-12-2024)
$9.64
Change
$0.02 (0.22%)

As at May 31, 2024

As at March 31, 2024

Period
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Legend

Encasa Canadian Short-Term Bond Fund Series A

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Fund Returns

Inception Return (December 16, 2002): 2.32%

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 0.84% 0.79% 2.18% 0.57% 4.01% 2.20% -0.32% -0.04% 0.66% 1.17% 0.81% 0.84% 0.87% 1.02%
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 130 / 318 244 / 315 225 / 282 241 / 282 222 / 272 202 / 260 201 / 244 206 / 229 177 / 221 154 / 207 151 / 195 141 / 180 123 / 166 102 / 150
Quartile Ranking 2 4 4 4 4 4 4 4 4 3 4 4 3 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -0.35% -0.09% 0.25% -0.51% 0.69% 1.80% 1.60% -0.20% -0.02% 0.46% -0.51% 0.84%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

1.80% (November 2023)

Worst Monthly Return Since Inception

-2.08% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.51% 1.85% 0.71% -0.39% 1.16% 3.00% 5.04% -1.81% -5.05% 4.54%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 2 3 4 2 3 2 4 4 3
Category Rank 71/ 140 64/ 161 118/ 174 144/ 182 93/ 202 120/ 218 100/ 228 214/ 234 202/ 248 189/ 262

Best Calendar Return (Last 10 years)

5.04% (2020)

Worst Calendar Return (Last 10 years)

-5.05% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 52.58
Canadian Corporate Bonds 35.82
Cash and Equivalents 7.14
Foreign Government Bonds 3.59
Mortgages 0.56
Other 0.31

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.86
Cash and Cash Equivalent 7.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.48
Europe 1.52

Top Holdings

Top Holdings
Name Percent
Canada Government 2.75% 01-Sep-2027 19.70
Canada Government 3.50% 01-Mar-2028 7.03
Federation Csses Desjardins Qc 2.86% 26-May-2025 2.07
Manulife Financial Corp 5.41% 10-Mar-2028 1.79
Ontario Province - Debenture 10.04
Ontario Province 1.55% 01-Nov-2029 1.96
Quebec Province - Debenture 2.37
Quebec Province 1.90% 01-Sep-2030 2.29
Quebec Province 8.50% 01-Apr-2026 1.97
Royal Bank of Canada 2.74% 25-Jul-2024 3.14

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Encasa Canadian Short-Term Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.11% 2.70% 2.14%
Beta 1.14% 1.16% 1.11%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.98% 0.97%
Sharpe -1.01% -0.50% -0.19%
Sortino -1.20% -1.01% -1.08%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - - 24.35%
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 2.69% 3.11% 2.70% 2.14%
Beta 1.10% 1.14% 1.16% 1.11%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.98% 0.97%
Sharpe -0.32% -1.01% -0.50% -0.19%
Sortino 0.71% -1.20% -1.01% -1.08%
Treynor -0.01% -0.03% -0.01% 0.00%
Tax Efficiency 75.63% - - 24.35%

Fund Details

Start Date December 16, 2002
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $234

Fund Codes

FundServ Code Load Code Sales Status
ENC702

Investment Objectives

The investment objective of the Fund is to obtain a relatively high level of current interest income consistent with preserving capital and maintaining liquidity by investing primarily in Canadian short-term debt instruments using a responsible investing approach. The fundamental investment objective of the Fund may only be changed with the approval of a majority of the unitholders, given at a meeting called for that purpose.

Investment Strategy

The Fund invests primarily in high-quality debt obligations issued or guaranteed by the Government of Canada, provincial or territorial governments or their agencies, Canadian chartered banks, Canadian loan or trust companies, and Canadian corporations. The Fund may also invest in bonds or other debt instruments which are issued or guaranteed by international or supranational agencies, such as the World Bank, and other foreign issuers.

Portfolio Manager(s)

Name Start Date
Addenda Capital Inc. 09-28-2018
Encasa Financial Inc. 09-28-2018

Management and Organization

Fund Manager Encasa Financial Inc.
Advisor Encasa Financial Inc.
Custodian Natcan Trust Company
Registrar National Bank Financial Inc.
Distributor Worldsource Financial Management Inc.
Auditor KPMG

Investment Minimums

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

Fees

MER 0.79%
Management Fee 0.80%
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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