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Canoe Defensive U.S. Equity Portfolio Class Series A

U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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

Fundata ESG Grade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

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NAVPS
(06-13-2024)
$23.30
Change
$0.00 (0.02%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Canoe Defensive U.S. Equity Portfolio Class Series A

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Fund Returns

Inception Return (November 19, 2013): 10.99%

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 0.80% -0.72% 4.55% 4.04% 13.15% 12.09% 9.63% 10.37% 11.34% 10.58% 9.67% 10.32% 9.70% 10.84%
Benchmark 4.13% 4.42% 16.83% 14.76% 28.51% 19.27% 14.11% 16.24% 15.99% 14.69% 13.97% 14.82% 13.94% 15.30%
Category Average 3.55% 15.00% 15.00% 11.98% 25.05% 14.75% 9.12% 13.17% 12.35% 10.96% 10.65% 11.25% 10.08% 11.03%
Category Rank 1,323 / 1,373 1,318 / 1,369 1,351 / 1,355 1,333 / 1,356 1,243 / 1,295 943 / 1,239 615 / 1,160 913 / 1,093 690 / 990 581 / 898 590 / 835 552 / 744 438 / 656 411 / 613
Quartile Ranking 4 4 4 4 4 4 3 4 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 3.37% 2.33% 0.84% -3.48% 0.56% 4.53% 0.50% 1.64% 3.09% 2.37% -3.78% 0.80%
Benchmark 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70% 4.13%

Best Monthly Return Since Inception

6.69% (April 2020)

Worst Monthly Return Since Inception

-6.10% (December 2018)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 20.52% 13.40% 8.80% 7.52% 1.04% 15.60% 15.01% 27.66% -8.65% 13.34%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking 2 3 1 4 2 4 3 1 1 4
Category Rank 215/ 548 406/ 640 151/ 688 720/ 777 398/ 868 900/ 943 572/ 1,056 174/ 1,132 228/ 1,189 1,005/ 1,253

Best Calendar Return (Last 10 years)

27.66% (2021)

Worst Calendar Return (Last 10 years)

-8.65% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 97.24
International Equity 4.05
Cash and Equivalents -1.30
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 27.50
Financial Services 19.69
Consumer Goods 15.24
Industrial Goods 11.28
Healthcare 10.72
Other 15.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.94
Europe 4.04
Other 0.02

Top Holdings

Top Holdings
Name Percent
Microsoft Corp 9.78
Alphabet Inc Cl A 8.49
Autozone Inc 6.38
Moody's Corp 6.36
UnitedHealth Group Inc 5.38
Mastercard Inc Cl A 5.27
Linde PLC 4.04
TJX Cos Inc 3.87
PepsiCo Inc 3.87
Lowe's Cos Inc 3.71

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Canoe Defensive U.S. Equity Portfolio Class Series A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 11.06% 10.51% 10.59%
Beta 0.64% 0.64% 0.75%
Alpha 0.01% 0.01% 0.00%
Rsquared 0.72% 0.75% 0.81%
Sharpe 0.63% 0.88% 0.89%
Sortino 0.98% 1.33% 1.21%
Treynor 0.11% 0.14% 0.13%
Tax Efficiency 93.56% 95.93% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.73% 11.06% 10.51% 10.59%
Beta 0.69% 0.64% 0.64% 0.75%
Alpha -0.05% 0.01% 0.01% 0.00%
Rsquared 0.86% 0.72% 0.75% 0.81%
Sharpe 0.91% 0.63% 0.88% 0.89%
Sortino 1.78% 0.98% 1.33% 1.21%
Treynor 0.12% 0.11% 0.14% 0.13%
Tax Efficiency 100.00% 93.56% 95.93% -

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 November 19, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
GOC1101
GOC1102

Investment Objectives

? Current income and long term capital appreciation The Fund aims to provide current income and long term capital appreciation by investing, indirectly through the Partnership, primarily in equity securities of U.S. issuers. The fundamental investment objectives cannot be changed without approval of a majority of the shareholders of the Fund.

Investment Strategy

The Fund invests, indirectly through the Partnership, primarily in equity securities of U.S. corporations, including common stocks and preferred stock convertible to common stock. To achieve the Fund’s objective, when buying and selling equity securities, the sub-advisor: invests in a concentrated (yet diversified) portfolio of high quality companies with the view of holding these companies for a long period of time; selects investments based on fundamental research and analysis.

Portfolio Manager(s)

Name Start Date
Canoe Financial LP 11-18-2013
Nadim Rizk 06-24-2019
PineStone Asset Management Inc 07-26-2022

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 2.35%
Management Fee 2.20%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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