NexGen Canadian Bond Tax Managed Fund

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

Fund Inception Date:

September 5, 2006


Fund Assets:

(Includes all Tax Managed Fund series,
and all Tax Classes)

$181,735,218


Management Fee:

(Front End Regular Series)

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.
  • NexGen Canadian Bond Tax Managed Fund seeks to achieve the investment objective through the investment of substantially all of its portfolio assets in units of NexGen Canadian Bond Fund.

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 January 31, 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/DSC-- -2.5 -3.0 -- 0.9 2.0 1.8 3.6 3.6
Return of Capital Class FE/DSC-- -2.5 -3.0 -- 0.9 1.9 1.7 3.6 3.6
Dividend Tax Credit Class FE/DSC-- -2.5 -3.0 -- 0.9 2.0 1.8 3.6 3.6
Compound Growth Class FE/DSC-- -2.5 -3.1 -- 0.7 1.8 1.6 3.5 3.5
Return of Capital 40 Class FE/DSC-- -2.4 -2.9 -- 0.9 2.0 1.8 -- 2.7
Dividend Tax Credit 40 Class FE/DSC-- -2.4 -2.9 -- 0.9 2.0 1.8 -- 2.7
Benchmark - FTSE TMX Canada Universe Bond Index  -0.1 -2.7 -3.2 -0.1 1.1 3.7 3.1 4.8 4.8

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 04/21/2017 % $ % $  
Return of Capital Class NXG1311NXG1317$5.8715 0.1569 0.0092 0.2681 0.0157Monthly return of capital distribution
Return of Capital Class 40 NXG1381NXG1387$9.2195 0.1553 0.0143 0.2675 0.0246Monthly return of capital distribution
Capital Gains Class NXG1321NXG1327$11.9047 0.1548 0.0184 0.267 0.0317Annual capital gains
(up to increase in NAV per share)
Dividend Tax Credit Class NXG1331NXG1337$7.2853 0.1553 0.0113 0.267 0.0194Monthly Canadian Dividends Distribution
Dividend Tax Credit Class 40 NXG1391NXG1397$9.2195 0.1553 0.0143 0.2675 0.0246Monthly Canadian Dividends Distribution
Compound Growth Class NXG1341NXG1347$14.6057 0.155 0.0226 0.2636 0.0384Minimized 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 January 31 ]

Name Country Sector % of total holdings Market Value
BRITISH COLUMBIA PROV OF 5.70% 06/18/2029 CANADA MUNICIPAL BONDS 6.10% 12,803,978
CANADA HOUSING TRUST 1.75% 06/15/2018 CANADA FEDERAL BONDS 6.00% 12,588,394
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 5.90% 12,343,143
CANADA HOUSING TRUST 1.90% 09/15/2026 CANADA FEDERAL BONDS 5.80% 12,171,977
CANADIAN GOVERNMENT RRB 4.25% 12/01/2026 CANADA MUNICIPAL BONDS 5.00% 10,417,959
PROVINCE OF QUEBEC 2.50% 09/01/2026 CANADA PROVINCIAL BONDS 4.50% 9,424,223
ONTARIO (PROVINCE OF) 7.60% 06/02/2027 CANADA MUNICIPAL BONDS 4.20% 8,884,476
CANADIAN GOVERNMENT 5.75% 06/01/2029 CANADA MUNICIPAL BONDS 4.10% 8,553,607
CANADA HOUSING TRUST 2.90% 06/15/2024 CANADA FEDERAL BONDS 3.60% 7,618,132
ONTARIO (PROVINCE OF) 2.60% 06/02/2025 CANADA MUNICIPAL BONDS 3.50% 7,280,916
PROVINCE OF QUEBEC 5.00% 12/01/2038 CANADA PROVINCIAL BONDS 2.90% 6,049,620
TORONTO DOMINION BANK 4.86% 03/04/2031 CANADA CORPORATE BONDS 2.10% 4,450,086
CADILLAC FAIRVIEW FINANC 3.64% 05/09/2018 CANADA CORPORATE BONDS 1.90% 3,938,217
ROYAL BANK OF CANADA 2.48% 06/04/2025 CANADA CORPORATE BONDS 1.50% 3,234,583
PEMBINA PIPELINE CORP 4.75% 04/30/2043 CANADA CORPORATE BONDS 1.50% 3,160,712
CENTRAL 1 CREDIT UNION 1.52% 11/21/2018 CANADA CORPORATE BONDS 1.50% 3,157,718
EMPIRE LIFE INSURANCE 2.87% 05/31/2023 CANADA CORPORATE BONDS 1.50% 3,143,992
CIBC CAPITAL TRUST 9.98% 06/30/2049 CANADA CORPORATE BONDS 1.50% 3,061,634
CANADIAN MORTGAGE POOLS 1.30% 07/01/2020 CANADA ASSET BACKED SECURITIES 1.40% 2,919,257
MANULIFE BANK OF CANADA 1.50% 06/01/2018 CANADA CORPORATE BONDS 1.40% 2,918,905
ALTAGAS LTD 4.50% 08/15/2044 CANADA CORPORATE BONDS 1.40% 2,917,628
MANULIFE FIN DELAWARE 5.06% 12/15/2041 UNITED STATES CORPORATE BONDS 1.40% 2,899,955
FEDERATED CO OPERATIVES 3.92% 06/17/2025 CANADA CORPORATE BONDS 1.30% 2,755,871
BANK OF MONTREAL 3.12% 09/19/2024 CANADA CORPORATE BONDS 1.30% 2,727,487
NBC ASSET TRUST 7.45% 12/29/2049 CANADA CORPORATE BONDS 1.30% 2,712,050
Total Displayed     72.60% 152,134,518
Total Holdings       210,438,041

Portfolio Sector Allocation
[ as of January 31** ]

CORPORATE BONDS 44.70%
MUNICIPAL BONDS 23.90%
FEDERAL BONDS 15.40%
PROVINCIAL BONDS 7.40%
CASH & EQUIVALENTS? 5.90%
ASSET BACKED SECURITIES 1.40%
REAL ESTATE 1.30%
TOTAL 100.00%

Portfolio Asset Allocation
[ as of January 31 ]

FIXED INCOME 94.10%
CASH & EQUIVALENTS? 5.90%
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.