Overview
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Asset ClassFixed Income
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CategoryCanadian Short-Term Fixed Income
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Risk RatingLow
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Number of Securities52
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Yield to Maturity (%)3.2%
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Current Yield2.1%
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Average Duration1.2 Years
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Average Credit QualityA+
Objectives
The Fund’s objective is to provide above average, long-term total returns consisting principally of interest income by investing primarily in high-quality Canadian dollar denominated fixed income securities of Canadian and foreign issuers.
Investment Focus
The Fund invests in high-quality Canadian dollar denominated fixed income securities of Canadian issuers and up to 60% in foreign issuers. Portfolio is unable to purchase fixed income securities rated below BBB-.
Fund Facts
May 31, 2022Inception Date | December 28, 2011 |
Currency | CAD |
Fund AUM | $92.8 Million |
NAVPU | $10.37 |
Management Fee | 0.65% |
MER as of December 31, 2021 | 0.81% |
Minimum Initial Investment | $1,000 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics
Number of Securities | 52 |
Number of Issuers | 39 |
Average Term to Maturity (Years) | 3.1 |
Average Duration (Years) | 1.2 |
Average Coupon (%) | 1.7% |
Yield to Maturity (%) | 3.2% |
Current Yield (%) | 2.1% |
Average Credit Quality | A+ |
Credit Quality Breakdown
AA & Higher | 42.6% |
A | 31.1% |
BBB | 26.3% |
BB & Lower | 0.0% |
Not Rated | 0.0% |
Portfolio
Geographic Breakdown
Canada | 65.7% |
USA | 28.9% |
Australia | 0.0% |
South America | 0.0% |
Europe | 5.4% |
Asia | 0.0% |
Other | 0.0% |
Performance
Inception Date
December 28, 2011
As of Date
May 31, 2022
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
-0.3% | -2.1% | -3.2% | -3.3% | 2.3% | 1.9% | 2.4% | 2.5% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency: Quarterly |
Most Recent Distributions per Unit: $0.0261 |
12-Month Trailing Distribution Yield: 2.1% |
Next Record Date: June 23, 2022 |
Next Distribution Date: June 24, 2022 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 24, 2022 | March 25, 2022 |
June 23, 2022 | June 24, 2022 |
September 29, 2022 | September 30, 2022 |
December 15, 2022 | December 16, 2022 |
Distributions ($)/Unit3 | YTD* | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0261 | 0.2384 | 0.2391 | 0.2339 | 0.2233 | 0.1914 | 0.1707 | 0.2885 | 0.2723 | 0.2120 | 0.2231 |
Interest | 0.0954 | 0.2391 | 0.2339 | 0.2233 | 0.1930 | 0.1721 | 0.1895 | 0.2736 | 0.2120 | 0.2201 | |
Dividends | 0.0000 | ||||||||||
Capital Gains | 0.1430 | 0.1000 | 0.0030 | ||||||||
Withholding Tax | 0.0000 | (0.0016) | (0.0014) | (0.0010) | (0.0013) |