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Canadian Fix Inc Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$8.62
Change
-$0.05 (-0.56%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Canoe Enhanced Income Fund Series A

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Fund Returns

Inception Return (January 10, 2012): 3.43%

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 1.68% -0.34% -0.83% 2.53% 7.02% 2.04% 2.67% 4.14% 3.07% 3.22% 2.88% 3.34% 2.67% 3.05%
Benchmark 1.39% 0.66% 8.93% 0.66% 4.90% 0.98% 1.16% 3.50% 2.76% 3.30% 3.07% 3.37% 2.86% 3.53%
Category Average 1.32% 9.28% 9.28% 1.80% 5.85% 1.44% 1.04% 3.71% 2.41% 2.60% 2.45% 2.80% 2.28% 2.78%
Category Rank 55 / 419 113 / 418 199 / 416 113 / 418 130 / 416 181 / 408 53 / 375 168 / 352 117 / 335 106 / 302 115 / 286 107 / 271 115 / 252 133 / 243
Quartile Ranking 1 2 2 2 2 2 1 2 2 2 2 2 2 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.73% -2.34% 0.95% 0.95% -1.07% -2.32% -0.83% 4.27% 3.18% -0.34% 1.17% 1.68%
Benchmark 1.40% -2.45% 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39%

Best Monthly Return Since Inception

4.68% (April 2020)

Worst Monthly Return Since Inception

-4.73% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.91% 0.72% 4.50% 4.11% -0.86% 6.50% 5.87% 5.03% -5.03% 4.90%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking 3 4 2 3 2 4 3 2 1 4
Category Rank 152/ 236 212/ 252 126/ 262 153/ 285 77/ 298 309/ 322 258/ 351 129/ 374 9/ 390 411/ 414

Best Calendar Return (Last 10 years)

6.91% (2014)

Worst Calendar Return (Last 10 years)

-5.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 30.60
US Equity 15.10
Canadian Equity 14.19
Cash and Equivalents 13.40
Foreign Government Bonds 12.76
Other 13.95

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 54.91
Cash and Cash Equivalent 13.40
Financial Services 8.39
Energy 4.31
Consumer Goods 3.81
Other 15.18

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.89
Europe 1.91
Multi-National 0.85
Latin America 0.14
Asia 0.02
Other 0.19

Top Holdings

Top Holdings
Name Percent
Canoe Bond Advantage Fund Series I 48.86
Canoe Global Income Fund Series I 10.89
BANK OF MONTREAL TD 4.85% 01-Feb-2024 4.75
Canoe Unconstrained Bond Fund Series I 4.02
American Express Co 1.52
ARC Resources Ltd 1.42
Diageo PLC 1.42
Anthem Inc 1.40
Wells Fargo & Co 1.29
Tourmaline Oil Corp 1.24

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Canoe Enhanced Income Fund Series A

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 6.88% 6.43% 5.18%
Beta 0.87% 0.83% 0.83%
Alpha 0.02% 0.01% 0.00%
Rsquared 0.91% 0.92% 0.88%
Sharpe 0.04% 0.20% 0.34%
Sortino -0.03% 0.05% 0.04%
Treynor 0.00% 0.02% 0.02%
Tax Efficiency 31.98% 42.75% 42.33%
Volatility Volatility rating is 3 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.08% 6.88% 6.43% 5.18%
Beta 0.88% 0.87% 0.83% 0.83%
Alpha 0.03% 0.02% 0.01% 0.00%
Rsquared 0.93% 0.91% 0.92% 0.88%
Sharpe 0.32% 0.04% 0.20% 0.34%
Sortino 0.99% -0.03% 0.05% 0.04%
Treynor 0.03% 0.00% 0.02% 0.02%
Tax Efficiency 73.05% 31.98% 42.75% 42.33%

Fund Details

Start Date January 10, 2012
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
GOC801
GOC802

Investment Objectives

The Fund aims to provide income, with some potential for capital appreciation, by investing primarily in Canadian fixed income and equity securities.

Investment Strategy

The portfolio manager will use strategic asset allocation to seek to achieve the Fund’s investment objective. The Funds’ asset mix exposure will generally be 60-95% in fixed income securities, 5-40% in equity securities and 0-10% in cash or cash equivalents. Up to 30% of the Fund’s assets may potentially be invested in foreign securities.

Portfolio Manager(s)

Name Start Date
Marc Goldfried 12-14-2011

Management and Organization

Fund Manager Canoe Financial LP
Advisor Canoe Financial LP
Custodian CIBC Mellon Trust Company
Registrar International Financial Data Services (Canada) Ltd
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.98%
Management Fee 1.60%
Load Front Fee Only
FE Max 0.00%
DSC Max 0.00%
LL Max 0.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.75%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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