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Guardian Strategic Income Fund Series A

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-11-2024)
$6.87
Change
$0.02 (0.23%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

Guardian Strategic Income Fund Series A

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Fund Returns

Inception Return (May 31, 2013): 4.23%

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 0.04% 1.16% 4.30% 4.30% 8.08% 6.41% 2.53% 4.12% 2.32% 2.47% 2.48% 3.60% 3.06% 3.15%
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 0.65% 3.28% 3.28% 3.28% 7.68% 6.09% 1.96% 3.95% 3.59% - - - - -
Category Rank 116 / 127 73 / 118 43 / 118 43 / 118 55 / 115 38 / 99 31 / 80 30 / 69 19 / 33 13 / 17 13 / 16 10 / 16 11 / 12 10 / 11
Quartile Ranking 4 3 2 2 2 2 2 2 3 4 4 3 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.59% 0.25% -1.13% -1.22% 3.06% 2.10% 1.52% 0.86% 0.69% 0.25% 0.87% 0.04%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

3.93% (May 2016)

Worst Monthly Return Since Inception

-7.63% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.43% -2.08% 18.87% -2.31% 3.58% 3.40% 0.79% 6.29% -5.26% 6.58%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - 2 2 4 1 4 4 2 3 2
Category Rank - 6/ 12 5/ 13 14/ 16 3/ 16 21/ 23 44/ 45 20/ 72 59/ 95 56/ 113

Best Calendar Return (Last 10 years)

18.87% (2016)

Worst Calendar Return (Last 10 years)

-5.26% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 37.83
Foreign Corporate Bonds 32.24
Cash and Equivalents 22.53
Canadian Equity 3.33
Canadian Government Bonds 2.67
Other 1.40

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 74.67
Cash and Cash Equivalent 22.53
Financial Services 1.37
Utilities 0.75
Telecommunications 0.70
Other -0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 01-Aug-2024 14.28
Royal Bank of Canada 4.50% 24-Oct-2025 2.83
Bank of Nova Scotia 8.21% PERP 2.80
Enerflex Ltd 9.00% 15-Oct-2027 2.56
Cineplex Inc 7.63% 31-Mar-2029 2.52
First Quantum Minerals Ltd 8.63% 01-Jun-2031 2.49
Royal Bank of Canada 7.41% 31-Dec-2049 2.30
Rithm Capital Corp 6.25% 15-Oct-2025 2.29
Vermilion Energy Inc 6.88% 01-May-2030 2.21
Vesta Energy Corp 11.00% 15-Oct-2026 2.00

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Guardian Strategic Income Fund Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 4.30% 5.54% 5.59%
Beta 0.45% 0.45% 0.42%
Alpha 0.03% 0.02% 0.02%
Rsquared 0.51% 0.26% 0.16%
Sharpe -0.10% 0.07% 0.32%
Sortino -0.13% -0.12% 0.06%
Treynor -0.01% 0.01% 0.04%
Tax Efficiency - - 4.89%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.20% 4.30% 5.54% 5.59%
Beta 0.33% 0.45% 0.45% 0.42%
Alpha 0.07% 0.03% 0.02% 0.02%
Rsquared 0.34% 0.51% 0.26% 0.16%
Sharpe 0.72% -0.10% 0.07% 0.32%
Sortino 2.40% -0.13% -0.12% 0.06%
Treynor 0.09% -0.01% 0.01% 0.04%
Tax Efficiency 65.13% - - 4.89%

Fund Details

Start Date May 31, 2013
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1

Fund Codes

FundServ Code Load Code Sales Status
GCG102

Investment Objectives

The primary objectives of the Fund are to generate capital gains, preserve capital and make monthly distributions by investing primarily in securities that can benefit from changes to interest rates and credit spreads. The Fund aims to maintain low volatility and low correlation with traditional equity and fixed income markets. The Fund may use leverage through the use of cash borrowings, short sales and derivatives.

Investment Strategy

The Fund invests primarily in, and sells short securities of, issuers generally located in North America. The Fund principally holds investment grade and non-investment grade fixed income securities, broadly diversified by issuer and industry. It may also hold other securities, including floatingrate bank loans, convertible bonds, equities, warrants, real estate investment trusts, ETFs, and collateralized debt and loan obligations.

Portfolio Manager(s)

Name Start Date
Derrick Knie 01-30-2015
Aubrey Basdeo 03-02-2023

Management and Organization

Fund Manager Guardian Capital LP
Advisor Guardian Capital LP
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust
Distributor Worldsource Financial Management Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.22%
Management Fee 1.85%
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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