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Tactical Sovereign Bond Fund Series A
Global Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (08-20-2026) |
$4.33 |
|---|---|
| Change |
-$0.02
(-0.41%)
|
As at July 31, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (June 30, 1997): 2.29%
| 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 | -1.45% | 0.30% | 1.00% | 0.96% | 0.90% | 1.52% | 2.03% | 1.88% | 0.85% | -0.15% | 0.90% | 0.76% | 0.54% | 0.14% |
| Benchmark | -1.94% | 1.77% | 1.27% | 1.01% | 2.43% | 3.26% | 4.84% | 3.42% | -0.03% | -1.24% | 0.35% | 1.14% | 1.41% | 0.70% |
| Category Average | -1.27% | -0.23% | -0.72% | -0.50% | 1.14% | 1.80% | 2.96% | 1.98% | -0.32% | -0.21% | 0.61% | 1.14% | 1.05% | 0.92% |
| Category Rank | 137 / 246 | 62 / 245 | 38 / 243 | 43 / 243 | 101 / 231 | 93 / 198 | 121 / 176 | 52 / 149 | 22 / 123 | 27 / 101 | 25 / 95 | 38 / 85 | 38 / 73 | 34 / 64 |
| Quartile Ranking | 3 | 2 | 1 | 1 | 2 | 2 | 3 | 2 | 1 | 2 | 2 | 2 | 3 | 3 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.37% | 1.64% | 0.34% | 0.05% | -1.69% | -0.04% | 1.57% | -0.69% | -0.17% | 1.44% | 0.33% | -1.45% |
| Benchmark | 0.81% | 2.14% | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% | 1.42% | 2.33% | -1.94% |
Best Monthly Return Since Inception
5.38% (September 1998)
Worst Monthly Return Since Inception
-3.90% (August 1998)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.80% | -1.25% | -2.64% | 1.25% | 3.92% | -2.60% | -3.98% | 4.48% | 4.71% | -1.04% |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 2 | 1 | 3 | 1 | 4 |
| Category Rank | 35/ 40 | 68/ 69 | 69/ 77 | 76/ 90 | 83/ 97 | 49/ 104 | 10/ 132 | 114/ 154 | 23/ 188 | 209/ 214 |
Best Calendar Return (Last 10 years)
4.71% (2024)
Worst Calendar Return (Last 10 years)
-3.98% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 61.69 |
| Canadian Government Bonds | 38.31 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 61.69 |
| Fixed Income | 38.31 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 09-Sep-2026 | 58.21 |
| Canada Government 2.75% 01-Dec-2055 | 19.47 |
| Canada Government 3.50% 01-Dec-2057 | 18.85 |
| Canadian Treasury Bill | 2.69 |
| Cash and Cash Equivalents | 0.47 |
| United States Dollar | 0.32 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Tactical Sovereign Bond Fund Series A
Median
Other - Global Fixed Income
3 Yr Annualized
| Standard Deviation | 3.16% | 2.93% | 3.61% |
|---|---|---|---|
| Beta | 0.29 | 0.27 | 0.37 |
| Alpha | 0.01 | 0.01 | 0.00 |
| Rsquared | 0.21% | 0.33% | 0.46% |
| Sharpe | -0.44 | -0.71 | -0.48 |
| Sortino | -0.38 | -0.87 | -0.97 |
| Treynor | -0.05 | -0.08 | -0.05 |
| Tax Efficiency | 62.80% | - | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.76% | 3.16% | 2.93% | 3.61% |
| Beta | 0.61 | 0.29 | 0.27 | 0.37 |
| Alpha | -0.01 | 0.01 | 0.01 | 0.00 |
| Rsquared | 0.72% | 0.21% | 0.33% | 0.46% |
| Sharpe | -0.35 | -0.44 | -0.71 | -0.48 |
| Sortino | -0.71 | -0.38 | -0.87 | -0.97 |
| Treynor | -0.02 | -0.05 | -0.08 | -0.05 |
| Tax Efficiency | 6.05% | 62.80% | - | - |
Fund Details
| Start Date | June 30, 1997 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CWF003 | ||
| CWF023 | ||
| CWF033 | ||
| CWF103 |
Investment Objectives
The fundamental investment objective of the Fund is to generate attractive total returns, while placing an emphasis on capital preservation, by investing primarily in a Portfolio of government guaranteed bonds.
Investment Strategy
Utilizing a combination of fundamental macroeconomic and technical analysis, the Fund will seek to achieve its investment objective by employing an investment strategy designed to identify and capitalize on anticipated changes in: (i) Canadian and U.S. yields and yield curves; and (ii) currency exchange rates. The Fund tactically invests in government guaranteed bonds to generate attractive total returns, while placing an emphasis on capital preservation.
Portfolio Management
| Portfolio Manager |
Caldwell Investment Management Ltd. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Caldwell Investment Management Ltd. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
SGGG Fund Services Inc. |
| Distributor |
Caldwell Securities Ltd. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 1.23% |
|---|---|
| Management Fee | 0.75% |
| Load | Choice of Front or No Load |
| FE Max | 4.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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