NexGen Intrinsic Balanced Tax Managed Fund

  • FUND FACTS
  • PRICES & PERFORMANCE
  • HOLDINGS & STATS
  • DOCUMENTS

Fund Inception Date:

September 5, 2006


Fund Assets:

(includes Registered and Tax Managed Funds, all series, and all Tax Classes)

$54,218,250


Management Fee:

 

2.00%

View Fee Chart

Portfolio Sub-Advisor:

Portfolio Managers:
Joseph Sirdevan, CFA
Jeff Herold, CFA
 
 
 
 
 
 

Investment Objective

  • The Fund seeks to provide a combination of capital preservation, income generation and long term capital growth primarily through investment in a diversified portfolio of Canadian securities.
  • NexGen Intrinsic Balanced Tax Managed Fund pursues the investment objective primarily through investment in publicly traded Canadian equity and income trust securities and in government issued or guaranteed bonds, corporate debentures, mortgage and asset backed securities and treasury bills.

Who Should Invest in the Fund?

  • If you want a combination of equity and fixed income investments and you are comfortable with the risks of equity and fixed income securities
  • If you want a core Canadian balanced investment.
  • If you have a medium tolerance for risk.

Volatility Classification

Low   Medium   High

 


Equity Style and Capitalization Overview

  Growth Blend Value
Small      
Mid      
Large      

Investment Strategies

  • The sub-advisor, Galibier Capital Management Ltd. (“Galibier”), follows a valuation driven, bottom up investment process. Galibier seeks underpriced securities by using fundamental research to determine a security’s underlying intrinsic value. Securities offering a discounted market price to intrinsic value are considered for the portfolio.
  • For the fixed income portion of the Fund, J. Zechner Associates Inc. (“Zechner”) uses investment strategies analyzing the expected direction of interest rates, the relative value between various terms to maturity, the relative value of individual issues and the relative value of different bond market sectors.
  • The Fund’s investments in equity and fixed income securities are actively managed and each will range between 25% and 75% of the Fund’s assets, depending on Galibier’s assessment of economic and market factors.
  • The Fund may invest up to 50% of the cost of its net assets in foreign securities. 


Performance [ as of April 30, 2017 1, 2 ]

Tax Class Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
Capital Gain Class FE/DSC1.6 4.7 7.9 4.2 13.8 4.6 5.7 3.8 4.1
Return of Capital Class FE/DSC1.6 4.7 7.9 4.2 13.8 4.6 5.7 3.8 4.1
Dividend Tax Credit Class FE/DSC1.6 4.8 7.9 4.2 13.8 4.6 5.8 3.8 4.1
Compound Growth Class FE/DSC1.6 4.7 7.8 4.1 13.6 4.4 5.6 3.7 3.9
Benchmark - 40% S&P/TSX Composite & 20% S&P 500 ($CAD) & 40% FTSE TMX Canada Universe Bond Index  1.5 4 5.8 4 12.6 7.6 7.7 5.8 6.2

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 05/25/2017 % $ % $  
Return of Capital Class NXG1711NXG1717$6.8069 0.277 0.0188 1.0391 0.07Monthly return of capital distribution
Capital Gains Class NXG1721NXG1727$9.2980 0.002 0.0002 0.0086 0.0008Annual capital gains
(up to increase in NAV per share)
Dividend Tax Credit Class NXG1731NXG1737$8.2759 0.2775 0.0229 1.0402 0.0852Monthly Canadian Dividends Distribution
Compound Growth Class NXG1741NXG1747$15.1757 0 0 0 0Minimized distributions to maximize growth

NAVPU - by Series


1 Returns for 1 month, 3 month, 6 month and CYTD are simple rates of return. The returns for 1 year and Since Inception are annual compound rates of return. Assumes all dividends have been reinvested.
2 Returns represent fund performance and do not include any sales commissions or redemption fees payable by the investor.

Top 25 Holdings [ as of April 30 ]

Name Country Sector % of total holdings Market Value
CAN IMPERIAL BK OF COMMERCE CANADA FINANCIALS 2.90% 1,599,838
GILDAN ACTIVEWEAR INC CANADA CONSUMER DISCRETIONARY 2.60% 1,412,240
CANADIAN GOVERNMENT 5.75% 06/01/2029 CANADA FEDERAL BONDS 2.40% 1,336,629
INDUSTRIAL ALLIANCE INSURANC CANADA FINANCIALS 2.40% 1,302,052
CGI GROUP INC CLASS A CANADA INFORMATION TECHNOLOGY 2.30% 1,287,361
MARTINREA INTERNATIONAL INC CANADA CONSUMER DISCRETIONARY 2.20% 1,215,712
CANADA HOUSING TRUST 1.75% 06/15/2018 CANADA FEDERAL BONDS 2.20% 1,193,414
KERING UNSPONSORED ADR FRANCE CONSUMER DISCRETIONARY 2.10% 1,167,699
CENOVUS ENERGY INC CANADA ENERGY 2.10% 1,160,470
DREAM GLOBAL REAL ESTATE INV CANADA REAL ESTATE 2.10% 1,156,340
CARGOJET INC CANADA INDUSTRIALS 2.10% 1,134,936
MANULIFE FINANCIAL CORP CANADA FINANCIALS 2.00% 1,123,193
NORTHLAND POWER INC CANADA UTILITIES 2.00% 1,121,731
MACDONALD DETTWILER + ASSOC CANADA INDUSTRIALS 2.00% 1,118,840
NEW FLYER INDUSTRIES INC CANADA INDUSTRIALS 2.00% 1,097,953
CASH & EQUIVALENTS? CASH & EQUIVALENTS CASH & EQUIVALENTS? 1.90% 1,059,443
INTACT FINANCIAL CORP CANADA FINANCIALS 1.90% 1,036,839
RYANAIR HOLDINGS PLC SP ADR IRELAND INDUSTRIALS 1.90% 1,029,199
ALPHABET INC CL C UNITED STATES INFORMATION TECHNOLOGY 1.80% 1,012,902
BRITISH COLUMBIA PROV OF 5.70% 06/18/2029 CANADA PROVINCIAL BONDS 1.80% 1,002,842
WSP GLOBAL INC CANADA INDUSTRIALS 1.80% 970,730
DHX MEDIA LTD CANADA CONSUMER DISCRETIONARY 1.70% 942,969
EXCHANGE INCOME CORP CANADA INDUSTRIALS 1.70% 934,819
PROVINCE OF QUEBEC 2.50% 09/01/2026 CANADA PROVINCIAL BONDS 1.70% 934,046
ENGHOUSE SYSTEMS LTD CANADA INFORMATION TECHNOLOGY 1.70% 908,703
Total Displayed     51.30% 28,260,897
Total Holdings       54,916,632

Portfolio Sector Allocation
[ as of April 30** ]

FINANCIALS 16.80%
INDUSTRIALS 15.50%
CONSUMER DISCRETIONARY 12.90%
CORPORATE BONDS 11.80%
INFORMATION TECHNOLOGY 10.80%
FEDERAL BONDS 7.20%
PROVINCIAL BONDS 5.60%
ENERGY 5.20%
HEALTH CARE 4.60%
REAL ESTATE 2.10%
UTILITIES 2.00%
CASH & EQUIVALENTS? 1.90%
CONSUMER STAPLES 1.60%
TELECOMMUNICATION SERVICES 1.00%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of April 30 ]

CANADA 67.80%
UNITED STATES 24.30%
FRANCE 2.10%
CASH & EQUIVALENTS 1.90%
IRELAND 1.90%
GERMANY 1.00%
NETHERLANDS 1.00%
TOTAL 100.00%

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

 
Intrinsic Balanced Fund Snapshot

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.