Fund Facts

Fund Inception Date:

September 17, 2015


Fund Assets:

(includes all series)

$56,799,771


Management Fee:

 

1.75%

View Fee Chart
Portfolio Advisor:

Portfolio Managers:

Dan Fuss, CIC, CFA
Matt Eagan, CFA
Elaine Stokes
Brian Kennedy

  
 
 
 
 

Investment Objective

  • The Fund seeks high current income with a secondary objective of capital growth through investment primarily in U.S. income producing securities.

Who Should Invest in the Fund?

  • You should consider this Fund if you are seeking income and capital appreciation from fixed income and equity markets primarily outside Canada.
  • You should consider this Fund if you have a low to medium tolerance for risk.

Volatility Classification

Low   Medium   High

Investment Strategies

  • Under normal market conditions, the Fund will invest substantially all of its assets in income producing securities (including below investment grade securities or “junk bonds”) with a focus on U.S. corporate bonds, convertible securities, foreign debt instruments, including those in emerging markets and related foreign currency transactions, and U.S. government securities. Below investment grade fixed-income securities are rated below investment grade quality (i.e. none of the three major ratings agencies (Moody’s Investors Service, Inc., Fitch Investors Services, Inc. or Standard and Poor’s Ratings Group, have rated the securities in one of its top four rating categories) or, if the security is unrated, are determined by the Portfolio Manager to be of comparable quality.
  • The Fund may invest in preferred stocks.
  • The Fund may invest up to 20% of its assets in dividend paying common stocks.
  • The Portfolio Manager may shift the Fund’s assets among various types of income-producing securities based upon changing market conditions.  The Portfolio Manager performs its own extensive credit analyses to determine the creditworthiness and potential for capital appreciation of a security.

Prices & Performance


Performance [ as of February 28, 2017 1, 2 ]

Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
Series A1.4 2.6 0.4 1.8 8.5 -- -- -- 9.0
Benchmark - 65% Barclays US Government/Credit Index & 25% Barclays Global High Yield Index & 10% S&P 500 Index (all in $CAD) -3.9 -5.3 -5.6 -6 -1.1 -- -- -- 1

Prices (Regular Series)

Fund CodesNAVPU
as of
Daily Change Weekly Change
Front EndBack End 03/24/2017 % $ % $  
NXG6201$10.1091 0.1734 0.0175 0.1972 0.0199

Holdings & Stats

Top 10 Holdings [ as of February 28 ]

Name Country Sector % of total holdings Market Value
CASH & EQUIVALENTS? CASH & EQUIVALENTS CASH & EQUIVALENTS? 4.40% 2,569,952
US TREASURY N/B 0.63% 08/31/2017 UNITED STATES TREASURIES 2.20% 1,308,481
US TREASURY N/B 0.63% 06/30/2018 UNITED STATES TREASURIES 2.20% 1,282,135
US TREASURY N/B 0.75% 01/31/2018 UNITED STATES TREASURIES 1.70% 1,015,317
UNIVERSAL HEALTH SVCS 5.00% 06/01/2026 UNITED STATES CORPORATE BONDS 1.70% 999,200
BERKSHIRE HATHAWAY FIN 1.34% 01/10/2020 UNITED STATES CORPORATE BONDS 1.40% 800,804
GENERAL MOTORS FINL CO 5.25% 03/01/2026 UNITED STATES CORPORATE BONDS 1.30% 757,267
ALCATEL LUCENT USA INC 6.45% 03/15/2029 UNITED STATES CORPORATE BONDS 1.30% 744,915
VALEANT PHARMACEUTICALS 6.13% 04/15/2025 CANADA CORPORATE BONDS 1.20% 722,922
MORGAN STANLEY 5.00% 11/24/2025 UNITED STATES CORPORATE BONDS 1.00% 595,818
Total Displayed     31.90% 18,675,421
Total Holdings       58,478,598

Portfolio Sector Allocation
[ as of February 28** ]

CORPORATE BONDS 72.20%
TREASURIES 7.40%
CASH & EQUIVALENTS? 4.40%
ASSET BACKED SECURITIES 2.80%
FINANCIALS 2.40%
INFORMATION TECHNOLOGY 1.70%
CONSUMER STAPLES 1.60%
HEALTH CARE 1.60%
INDUSTRIALS 1.20%
ENERGY 1.10%
CONVERTIBLE BONDS 0.90%
MUNICIPAL BONDS 0.80%
CONSUMER DISCRETIONARY 0.70%
UTILITIES 0.50%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of February 28 ]

UNITED STATES 76.00%
CASH & EQUIVALENTS 4.40%
CANADA 3.40%
UNITED KINGDOM 3.20%
NETHERLANDS 2.80%
LUXEMBOURG 1.60%
ARGENTINA 1.30%
BERMUDA 1.20%
IRELAND 1.00%
FRANCE 1.00%
CHILE 0.90%
MEXICO 0.90%
CAYMAN ISLANDS 0.50%
SPAIN 0.50%
TOTAL 100.00%

** The Portfolio Sector Asset Allocations and Total Percentage Displayed in Top Holdings do not include non-cash working capital.