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Canoe Defensive Global Balanced Fund Series A

Global Neutral Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

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NAVPS
(04-17-2024)
$10.21
Change
$0.02 (0.15%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Canoe Defensive Global Balanced Fund Series A

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Fund Returns

Inception Return (April 13, 2020): 5.38%

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 1.29% 4.89% 10.70% 4.89% 9.17% 4.89% 4.49% - - - - - - -
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 1,545 / 1,733 710 / 1,733 1,343 / 1,709 710 / 1,733 1,141 / 1,682 452 / 1,615 400 / 1,432 - - - - - - -
Quartile Ranking 4 2 4 2 3 2 2 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.75% -1.96% 1.26% 0.73% -0.36% -2.74% -0.47% 3.67% 2.29% 1.17% 2.35% 1.29%
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

4.56% (November 2022)

Worst Monthly Return Since Inception

-4.71% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 11.15% -11.18% 7.36%
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 - - - - - - - 2 3 4
Category Rank - - - - - - - 372/ 1,423 922/ 1,562 1,378/ 1,681

Best Calendar Return (Last 10 years)

11.15% (2021)

Worst Calendar Return (Last 10 years)

-11.18% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 87.21
US Equity 8.01
Cash and Equivalents 4.78

Sector Allocation

Sector Allocation
Name Percent
Energy 21.47
Financial Services 17.59
Consumer Services 13.80
Real Estate 9.02
Industrial Services 8.88
Other 29.24

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 4.33
ARC Resources Ltd 4.08
Toronto-Dominion Bank 3.90
Rogers Communications Inc Cl B 3.58
WSP Global Inc 3.52
Restaurant Brands International Inc 3.47
RB Global Inc 3.45
Sun Life Financial Inc 3.22
MEG Energy Corp 3.16
Intact Financial Corp 3.06

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 Global Balanced Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 8.81% - -
Beta 0.89% - -
Alpha 0.01% - -
Rsquared 0.83% - -
Sharpe 0.25% - -
Sortino 0.30% - -
Treynor 0.02% - -
Tax Efficiency - - -
Volatility 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 6.39% 8.81% - -
Beta 0.80% 0.89% - -
Alpha -0.01% 0.01% - -
Rsquared 0.88% 0.83% - -
Sharpe 0.66% 0.25% - -
Sortino 1.56% 0.30% - -
Treynor 0.05% 0.02% - -
Tax Efficiency 79.98% - - -

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 April 13, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
GOC311
GOC312

Investment Objectives

? Long term capital growth while preserving capital The Fund aims to provide long term capital growth while preserving capital by investing, directly or indirectly, primarily in a global diversified portfolio of equity and fixed income securities. 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 objective by investing in a well-diversified portfolio of equity, fixed income and money market securities. The Fund will generally follow a neutral asset mix guideline of approximately 60% equities and 40% fixed income and money market instruments. The Fund may invest up to 100% of its net assets in foreign securities, which may include some exposure to emerging markets.

Portfolio Manager(s)

Name Start Date
Fiera Capital Corporation 03-23-2020
Canoe Financial LP 12-02-2020

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 -
SWP Min Withdrawal -

Fees

MER 2.25%
Management Fee 1.90%
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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