NexGen Canadian Bond Fund

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

Fund Inception Date:

September 5, 2006


Fund Assets:

(includes all Canadian Bond Fund series and the investment from the Canadian Bond Tax Managed Fund)

$201,664,567


Management Fee:

 

1.25%

View Fee Chart
Portfolio Sub-Advisor:

Portfolio Managers:
Jeff Herold, CFA
Dax Letham, CFA
Ian Clare, CFA
  
 
 
 

Investment Objective

  • The Fund pursues a steady flow of income while preserving capital primarily through investment in Canadian fixed income securities
  • NexGen Canadian Bond Fund will invest directly in fixed income securities such as bonds issued or guaranteed by Canadian governments, corporate debentures, mortgage backed and asset backed securities with maturity dates in excess of one year

Who Should Invest in the Fund?

  • You are seeking primarily conservative longer term fixed income returns and preservation of your capital.
  • You have a low tolerance for risk.

Volatility Classification

Low   Medium   High

Investment Strategies

  • The portfolio sub-advisor, J. Zechner Associates Inc., will use investment strategies analyzing the expected direction of interest rates, the relative value between various terms to maturity, the relative value of individual issues, the relative value of different bond market sectors and the relative value between Canadian, provincial and corporate bonds.
  • The Fund may invest up to 50% of the cost of its net assets in foreign securities


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
FE/DSC0.9 0.6 -2.3 0.9 2.1 2.3 2.0 3.6 3.7
Benchmark - FTSE TMX Canada Universe Bond Index1.0 0.3 -2.4 0.8 1.9 3.9 3.4 4.7 4.8

Prices (Regular Series)

Fund CodesNAVPU
as of
Daily Change Weekly Change
Front EndBack End 03/24/2017 % $ % $  
NXG1201NXG1207$12.7284 0.2749 0.0349 0.7998 0.101

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 February 28 ]

Name Country Sector % of total holdings Market Value
BRITISH COLUMBIA PROV OF 5.70% 06/18/2029 CANADA MUNICIPAL BONDS 6.30% 12,956,731
CANADIAN GOVERNMENT 5.75% 06/01/2029 CANADA MUNICIPAL BONDS 6.20% 12,827,050
CANADA HOUSING TRUST 1.75% 06/15/2018 CANADA FEDERAL BONDS 6.10% 12,581,701
CANADA HOUSING TRUST 1.90% 09/15/2026 CANADA FEDERAL BONDS 5.90% 12,307,837
ONTARIO (PROVINCE OF) 2.60% 06/02/2025 CANADA MUNICIPAL BONDS 5.50% 11,463,361
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 5.10% 10,534,321
CANADIAN GOVERNMENT RRB 4.25% 12/01/2026 CANADA MUNICIPAL BONDS 5.10% 10,510,849
PROVINCE OF QUEBEC 2.50% 09/01/2026 CANADA PROVINCIAL BONDS 4.30% 8,866,764
CANADA HOUSING TRUST 2.90% 06/15/2024 CANADA FEDERAL BONDS 3.70% 7,663,362
PROVINCE OF QUEBEC 5.00% 12/01/2038 CANADA PROVINCIAL BONDS 3.00% 6,142,357
TORONTO DOMINION BANK 4.86% 03/04/2031 CANADA CORPORATE BONDS 2.20% 4,532,372
BANK OF MONTREAL 3.21% 09/13/2018 CANADA CORPORATE BONDS 1.80% 3,706,297
ROYAL BANK OF CANADA 2.48% 06/04/2025 CANADA CORPORATE BONDS 1.60% 3,258,476
CENTRAL 1 CREDIT UNION 1.57% 11/21/2018 CANADA CORPORATE BONDS 1.50% 3,161,939
EMPIRE LIFE INSURANCE 2.87% 05/31/2023 CANADA CORPORATE BONDS 1.50% 3,147,065
MANULIFE FIN DELAWARE 5.06% 12/15/2041 UNITED STATES CORPORATE BONDS 1.40% 2,960,309
MANULIFE BANK OF CANADA 1.50% 06/01/2018 CANADA CORPORATE BONDS 1.40% 2,918,759
FEDERATED CO OPERATIVES 3.92% 06/17/2025 CANADA CORPORATE BONDS 1.30% 2,787,774
NBC ASSET TRUST 7.45% 12/29/2049 CANADA CORPORATE BONDS 1.30% 2,727,036
SMART REIT 3.44% 08/28/2026 CANADA REAL ESTATE 1.30% 2,693,796
SUN LIFE FINANCIAL INC 5.40% 05/29/2042 CANADA CORPORATE BONDS 1.30% 2,680,894
CANADIAN MORTGAGE POOLS 1.30% 07/01/2020 CANADA ASSET BACKED SECURITIES 1.30% 2,601,430
CIBC CAPITAL TRUST 9.98% 06/30/2049 CANADA CORPORATE BONDS 1.20% 2,562,271
BELL CANADA 4.45% 02/27/2047 CANADA CORPORATE BONDS 1.20% 2,524,785
CITY OF MONTREAL 3.50% 09/01/2023 CANADA MUNICIPAL BONDS 1.20% 2,456,028
Total Displayed     72.70% 150,573,566
Total Holdings       207,147,266

Portfolio Sector Allocation
[ as of February 28** ]

CORPORATE BONDS 45.20%
MUNICIPAL BONDS 24.20%
FEDERAL BONDS 15.70%
PROVINCIAL BONDS 7.20%
CASH & EQUIVALENTS? 5.10%
REAL ESTATE 1.30%
ASSET BACKED SECURITIES 1.30%
TOTAL 100.00%

Portfolio Asset Allocation
[ as of February 28 ]

FIXED INCOME 94.90%
CASH & EQUIVALENTS? 5.10%
TOTAL 100.00%

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

 
NexGen Canadian
Bond 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.