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Canoe Bond Advantage Portfolio Class Series A

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

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NAVPS
(05-22-2024)
$8.86
Change
-$0.01 (-0.06%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Canoe Bond Advantage Portfolio Class Series A

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Fund Returns

Inception Return (January 10, 2012): 1.37%

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 -2.30% -2.11% 5.54% -2.97% -0.57% 1.31% -2.36% -2.88% -0.83% 0.06% -0.25% 0.39% 0.42% 1.01%
Benchmark -1.95% -1.87% 4.32% -3.20% -0.95% 0.45% -2.16% -2.21% -0.14% 0.85% 0.60% 0.90% 1.04% 1.75%
Category Average -2.02% 4.70% 4.70% -3.11% -0.96% 0.21% -2.80% -2.15% -0.55% 0.27% 0.03% 0.32% 0.35% 0.93%
Category Rank 614 / 623 570 / 620 106 / 617 336 / 619 282 / 603 131 / 585 268 / 558 480 / 530 424 / 498 388 / 458 360 / 426 262 / 388 237 / 347 210 / 321
Quartile Ranking 4 4 1 3 2 1 2 4 4 4 4 3 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.45% -0.05% -0.54% -0.54% -2.62% -0.72% 4.55% 4.04% -0.88% -0.33% 0.53% -2.30%
Benchmark -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95%

Best Monthly Return Since Inception

4.74% (July 2022)

Worst Monthly Return Since Inception

-4.11% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.82% 2.04% 1.56% 3.35% 0.97% 4.13% 7.34% -3.98% -11.33% 6.44%
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 2 3 3 1 2 4 4 4 2 3
Category Rank 118/ 311 213/ 342 216/ 374 25/ 419 151/ 445 478/ 491 469/ 521 536/ 552 156/ 580 321/ 596

Best Calendar Return (Last 10 years)

7.82% (2014)

Worst Calendar Return (Last 10 years)

-11.33% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 64.13
Foreign Government Bonds 24.96
Mortgages 4.45
Cash and Equivalents 2.56
Canadian Government Bonds 2.21
Other 1.69

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.41
Cash and Cash Equivalent 2.56
Mutual Fund 1.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.35
Multi-National 0.65

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.63% 15-May-2053 10.56
United States Treasury 3.00% 15-Aug-2052 7.57
United States Treasury 4.00% 15-Feb-2034 4.32
Bell Canada 3.50% 30-Mar-2050 3.36
Bank of Nova Scotia 3.93% 03-May-2027 2.65
Choice Properties REIT 3.53% 11-Mar-2029 2.60
Telus Corp 3.95% 16-Aug-2049 2.37
Royal Bank of Canada 2.94% 03-May-2027 2.13
United States Treasury 4.25% 15-Feb-2054 2.09
Toronto-Dominion Bank 4.68% 08-Jan-2029 1.99

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Canoe Bond Advantage Portfolio Class Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.52% 6.64% 5.41%
Beta 1.10% 1.03% 1.00%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.95% 0.95% 0.95%
Sharpe -0.65% -0.39% -0.05%
Sortino -0.91% -0.74% -0.47%
Treynor -0.04% -0.03% 0.00%
Tax Efficiency - - 10.38%
Volatility Volatility rating is 3 on a scale of 1 to 10 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.64% 7.52% 6.64% 5.41%
Beta 1.05% 1.10% 1.03% 1.00%
Alpha 0.00% 0.00% -0.01% -0.01%
Rsquared 0.95% 0.95% 0.95% 0.95%
Sharpe -0.67% -0.65% -0.39% -0.05%
Sortino -0.71% -0.91% -0.74% -0.47%
Treynor -0.05% -0.04% -0.03% 0.00%
Tax Efficiency - - - 10.38%

Fund Details

Start Date January 10, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
GOC701
GOC702

Investment Objectives

The Fund aims to provide a return that is similar to the return of Canoe Bond Advantage Fund (the Underlying Fund), a Canadian bond mutual fund managed by the Manager, or by an affiliate or associate of the Manager. The Fund invests indirectly through the Partnership primarily in securities of the Underlying Fund and/or it may invest some or all of its net assets indirectly through the Partnership in securities similar to those held by the Underlying Fund.

Investment Strategy

Currently, the Fund seeks to achieve its investment objectives by investing substantially all of its net assets indirectly through the Partnership in units of the Underlying Fund. The Fund may also invest indirectly through the Partnership in securities similar to those held by the Underlying Fund.

Portfolio Manager(s)

Name Start Date
Marc Goldfried 12-14-2011
Roshan Thiru 07-18-2017

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 1.60%
Management Fee 1.25%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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