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Palos Equity Income Fund Series A

Canadian Focused Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(06-12-2024)
$7.10
Change
$0.02 (0.30%)

As at May 31, 2024

Period
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Palos Equity Income Fund Series A

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Fund Returns

Inception Return (February 18, 2011): 5.86%

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 1.57% 2.86% 10.60% 5.24% 12.12% 3.38% 3.28% 13.13% 8.74% 5.90% 6.35% 7.06% 6.25% 5.94%
Benchmark 2.82% 4.55% 12.37% 8.69% 18.91% 9.31% 7.29% 12.56% 10.00% 8.64% 8.42% 9.16% 7.76% 8.02%
Category Average 2.48% 11.33% 11.33% 7.85% 17.16% 9.12% 6.86% 12.13% 9.49% 7.83% 7.43% 7.92% 6.54% 6.64%
Category Rank 460 / 610 317 / 608 344 / 608 480 / 608 487 / 607 580 / 595 555 / 587 280 / 573 375 / 563 471 / 526 417 / 500 358 / 444 314 / 418 320 / 397
Quartile Ranking 4 3 3 4 4 4 4 2 3 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.31% 3.74% -1.54% -3.80% -4.48% 5.57% 5.09% 1.32% 0.97% 3.42% -2.07% 1.57%
Benchmark 3.16% 2.78% -1.03% -3.68% -2.36% 7.23% 3.38% 0.82% 3.10% 3.64% -1.88% 2.82%

Best Monthly Return Since Inception

11.70% (November 2020)

Worst Monthly Return Since Inception

-19.44% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.98% -0.21% 16.77% 11.45% -14.58% 14.64% 13.82% 21.97% -8.75% 7.75%
Benchmark 10.96% -0.77% 14.44% 10.80% -7.14% 21.45% 7.58% 21.76% -8.87% 13.60%
Category Average 9.08% -2.47% 11.42% 8.06% -8.78% 18.54% 7.73% 22.26% -9.42% 13.34%
Quartile Ranking 4 3 2 2 4 4 1 3 2 4
Category Rank 355/ 382 223/ 407 116/ 440 143/ 463 500/ 516 481/ 552 115/ 566 370/ 574 245/ 588 531/ 600

Best Calendar Return (Last 10 years)

21.97% (2021)

Worst Calendar Return (Last 10 years)

-14.58% (2018)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Palos Equity Income Fund Series A

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 13.44% 16.60% 13.25%
Beta 1.01% 1.12% 1.05%
Alpha -0.04% -0.02% -0.02%
Rsquared 0.93% 0.93% 0.87%
Sharpe 0.09% 0.47% 0.40%
Sortino 0.11% 0.56% 0.38%
Treynor 0.01% 0.07% 0.05%
Tax Efficiency 55.31% 80.22% 52.54%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.54% 13.44% 16.60% 13.25%
Beta 0.99% 1.01% 1.12% 1.05%
Alpha -0.06% -0.04% -0.02% -0.02%
Rsquared 0.87% 0.93% 0.93% 0.87%
Sharpe 0.63% 0.09% 0.47% 0.40%
Sortino 1.32% 0.11% 0.56% 0.38%
Treynor 0.07% 0.01% 0.07% 0.05%
Tax Efficiency 88.35% 55.31% 80.22% 52.54%

Fund Details

Start Date February 18, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $28

Fund Codes

FundServ Code Load Code Sales Status
PAL101

Investment Objectives

The primary objectives of the Fund are to: (i) provide long-term capital growth; (ii) provide an attractive and steady stream of income; and (iii) deliver trading-enhanced returns. The Fund invests in a portfolio of primarily Canadian income-paying securities, such as equity securities of large-capitalization Canadian issuers that pay dividends or selected debt obligations that pay interest.

Investment Strategy

The primary investment strategy employed by the Fund is to apply qualitative, quantitative and comparative research in order to build and manage a portfolio of select high-grade and undervalued dividend-paying equity securities and income-paying debt securities. The Manager employs a strategic asset allocation strategy based on its economic and market outlook. The Manager aims to cap this core portfolio of securities at approximately 95% of the Fund’s portfolio.

Portfolio Manager(s)

Name Start Date
Charles Marleau 02-01-2011

Management and Organization

Fund Manager Palos Management Inc.
Advisor Palos Management Inc.
Custodian National Bank Corresponding Network
Registrar SGGG Fund Services Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.68%
Management Fee 1.50%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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