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Canoe North American Monthly Income Portfolio Class Series A

Global Neutral Balanced

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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

Fundata ESG Grade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2017, 2016, 2015

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NAVPS
(04-17-2024)
$11.11
Change
$0.01 (0.11%)

As at March 31, 2024

As at January 31, 2024

As at February 29, 2024

Period
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Legend

Canoe North American Monthly Income Portfolio Class Series A

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Fund Returns

Inception Return (December 21, 2012): 7.07%

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 2.80% 5.53% 11.93% 5.53% 11.98% 3.84% 7.95% 12.06% 7.42% 6.78% 5.90% 6.54% 5.77% 6.25%
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.96% 12.03% 12.03% 4.49% 10.15% 3.31% 3.22% 7.67% 4.79% 4.62% 4.52% 5.09% 4.15% 4.67%
Category Rank 96 / 1,733 439 / 1,733 938 / 1,709 439 / 1,733 382 / 1,682 769 / 1,615 23 / 1,432 30 / 1,354 90 / 1,299 144 / 1,164 213 / 1,004 189 / 933 150 / 822 156 / 689
Quartile Ranking 1 2 3 2 1 2 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.46% -3.26% 2.16% 2.63% -1.66% -2.12% -0.77% 4.41% 2.38% 0.00% 2.66% 2.80%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

7.18% (April 2020)

Worst Monthly Return Since Inception

-10.13% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.61% 5.93% 8.08% 4.62% -3.79% 9.31% 4.75% 18.40% 0.93% 4.71%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking 1 2 1 4 3 4 4 1 1 4
Category Rank 144/ 680 322/ 804 132/ 913 875/ 999 747/ 1,143 1,180/ 1,255 1,011/ 1,340 55/ 1,423 25/ 1,562 1,641/ 1,681

Best Calendar Return (Last 10 years)

18.40% (2021)

Worst Calendar Return (Last 10 years)

-3.79% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 30.32
US Equity 28.87
Canadian Corporate Bonds 17.79
Foreign Government Bonds 7.07
Cash and Equivalents 6.21
Other 9.74

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 30.75
Financial Services 17.09
Energy 8.69
Consumer Goods 7.00
Healthcare 6.42
Other 30.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.80
Europe 3.59
Multi-National 0.49
Latin America 0.05
Asia 0.01
Other 0.06

Top Holdings

Top Holdings
Name Percent
Canoe Bond Advantage Fund Series I 28.42
Canoe Global Income Fund Series I 5.11
American Express Co 3.01
ARC Resources Ltd 2.82
Anthem Inc 2.73
Diageo PLC 2.55
Wells Fargo & Co 2.48
Tourmaline Oil Corp 2.47
Restaurant Brands International Inc 2.37
Canoe Unconstrained Bond Fund Series I 2.09

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 North American Monthly Income Portfolio Class Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.04% 9.88% 7.86%
Beta 0.68% 0.86% 0.69%
Alpha 0.05% 0.03% 0.02%
Rsquared 0.46% 0.50% 0.45%
Sharpe 0.60% 0.58% 0.64%
Sortino 0.86% 0.68% 0.63%
Treynor 0.08% 0.07% 0.07%
Tax Efficiency 74.35% 71.80% 63.31%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 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 8.40% 9.04% 9.88% 7.86%
Beta 0.94% 0.68% 0.86% 0.69%
Alpha 0.00% 0.05% 0.03% 0.02%
Rsquared 0.70% 0.46% 0.50% 0.45%
Sharpe 0.83% 0.60% 0.58% 0.64%
Sortino 1.83% 0.86% 0.68% 0.63%
Treynor 0.07% 0.08% 0.07% 0.07%
Tax Efficiency 82.75% 74.35% 71.80% 63.31%

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.

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Fund Details

Start Date December 21, 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
GOC6001
GOC6002
GOC60022

Investment Objectives

? Income with long term capital growth The Fund aims to generate income and long term capital growth by investing indirectly through the Partnership primarily in high-yielding equity securities and corporate bonds of North American issuers. The Fund may also invest indirectly through the Partnership primarily in securities of mutual funds. The fundamental investment objectives cannot be changed without approval of a majority of the securityholders of the Fund.

Investment Strategy

The Fund seeks to achieve its investment objectives by investing indirectly through the Partnership approximately half of its net assets in equity securities of North American issuers and investing the remainder in fixed income securities of North American issuers. The portfolio manager will determine whether to invest indirectly through the Partnership in equity securities and bonds of North American issuers or in such securities through investing in other mutual funds.

Portfolio Manager(s)

Name Start Date
Marc Goldfried 07-18-2017
Robert J. Taylor 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 2.45%
Management Fee 1.95%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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