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Sionna Strategic Income Fund Series A

Canadian Equity Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-12-2024)
$15.52
Change
$0.15 (0.98%)

As at May 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Sionna Strategic Income Fund Series A

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Fund Returns

Inception Return (May 02, 2019): 4.61%

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 1.99% 1.35% 5.43% 2.00% 8.96% 4.74% 4.24% 7.63% 4.93% - - - - -
Benchmark 2.08% 3.42% 8.77% 4.80% 13.17% 5.56% 4.94% 9.43% 7.57% 7.00% 6.79% 7.18% 6.15% 6.16%
Category Average 2.05% 7.74% 7.74% 4.10% 11.33% 5.60% 4.20% 7.98% 6.04% 5.38% 4.97% 5.48% 4.72% 4.83%
Category Rank 231 / 366 220 / 364 343 / 362 352 / 363 308 / 360 271 / 357 196 / 350 238 / 323 292 / 322 - - - - -
Quartile Ranking 3 3 4 4 4 4 3 3 4 - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.54% 1.24% -1.43% -1.90% -1.94% 6.03% 3.36% 0.70% -0.05% 1.62% -2.21% 1.99%
Benchmark 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22% -1.85% 2.08%

Best Monthly Return Since Inception

9.62% (November 2020)

Worst Monthly Return Since Inception

-12.17% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - -0.35% 11.36% -2.36% 9.00%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking - - - - - - 4 4 1 3
Category Rank - - - - - - 274/ 322 315/ 348 28/ 356 216/ 360

Best Calendar Return (Last 10 years)

11.36% (2021)

Worst Calendar Return (Last 10 years)

-2.36% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 39.36
International Equity 16.38
Canadian Government Bonds 13.59
US Equity 8.95
Cash and Equivalents 5.43
Other 16.29

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 26.87
Financial Services 24.45
Consumer Services 9.60
Energy 8.96
Telecommunications 5.86
Other 24.26

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.62
Europe 11.86
Latin America 3.63
Asia 2.89

Top Holdings

Top Holdings
Name Percent
Bridgehouse Canadian Bond Fund A 19.42
Brandes Corporate Focus Bond Fund Series A 10.10
CASH 3.52
Royal Bank of Canada 3.44
TC Energy Corp 2.79
Toronto-Dominion Bank 2.77
Bank of Nova Scotia 2.26
Suncor Energy Inc 1.97
Rogers Communications Inc Cl B 1.94
Manulife Financial Corp 1.90

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

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

Risk vs Return (3 Yr)

Sionna Strategic Income Fund Series A

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.44% 10.88% -
Beta 0.80% 0.82% -
Alpha 0.00% -0.01% -
Rsquared 0.88% 0.90% -
Sharpe 0.18% 0.31% -
Sortino 0.26% 0.31% -
Treynor 0.02% 0.04% -
Tax Efficiency 38.64% - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.50% 9.44% 10.88% -
Beta 0.83% 0.80% 0.82% -
Alpha -0.02% 0.00% -0.01% -
Rsquared 0.93% 0.88% 0.90% -
Sharpe 0.48% 0.18% 0.31% -
Sortino 1.39% 0.26% 0.31% -
Treynor 0.05% 0.02% 0.04% -
Tax Efficiency 69.74% 38.64% - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date May 02, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $92

Fund Codes

FundServ Code Load Code Sales Status
BIP131
BIP220
BIP231

Investment Objectives

The fundamental investment objective of Sionna Strategic Income Fund is to achieve long-term capital appreciation and income by investing primarily in the equity securities of both Canadian companies and high-quality Canadian government and corporate fixed-income securities. The Fund may also invest in foreign companies and high-quality U.S. government and corporate fixed-income securities.

Investment Strategy

To achieve the Fund’s investment objective, Bridgehouse has selected two portfolio sub-advisors and allocates a portion of the Fund’s assets to each portfolio sub-advisor. Bridgehouse also allocates a portion of the Fund’s assets, typically 30-35%, to fixed income investments.

Portfolio Manager(s)

Name Start Date
Brandes Investment Partners L.P. 12-28-2006
Teresa Lee 03-13-2020
Marian Hoffmann 03-13-2020
Kim Shannon 03-13-2020
Marlene Zabielska 03-13-2020
Bridgehouse Asset Managers 12-06-2020

Management and Organization

Fund Manager Bridgehouse Asset Managers
Advisor Bridgehouse Asset Managers
Custodian State Street Trust Company Canada
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 100
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.28%
Management Fee 1.80%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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