NexGen Canadian Cash Fund

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

Fund Inception Date:

September 5, 2006


Fund Assets:

(Includes all Canadian Cash Fund series)

$1,550,122


Management Fee:

 

1.00%

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 short term Canadian fixed income securities.
  • The Fund will pursue its investment objective through direct investment primarily in bonds issued or guaranteed by Canadian governments, corporate bonds and money market securities with maturity dates of less than one year. 

Who Should Invest in the Fund?

  • You are seeking conservative short term fixed income returns and preservation of your capital
  • You have a low tolerance for risk and require liquidity

Volatility Classification

 X        
Low       High

 

 

Investment Strategies

  • The portfolio sub-advisor, J. Zechner Associates Inc. uses investment strategies analyzing the expected direction of interest rates, the relative value between various terms to maturity and the relative value of individual issues. 


Yields
as of March 31, 2017

Series DSC Regular Front End Regular High Net Worth Ultra High Net Worth F Series Regular F Series HNW  
Current 7-day Yield 0.57 0.57 0.56 0.57 0.54 0.55  
Effective 7-day Yield 0.57 0.57 0.56 0.58 0.55 0.55  
 

Performance [ as of March 31, 2017 1, 2 ]

Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
NexGen Canadian Cash Fund - FE - Regular 0.1 0.1 0.3 0.1 0.5 0.4 0.3 0.7 0.8
NexGen Canadian Cash Fund - FE - HNW 0.1 0.1 0.3 0.1 0.5 0.4 0.3 0.8 0.9
NexGen Canadian Cash Fund - FE - UHNW 0.0 0.1 0.3 0.1 0.5 0.4 0.4 0.9 1.0
NexGen Canadian Cash Fund - F - Regular 0.1 0.1 0.3 0.1 0.5 0.6 0.5 -- 0.8
NexGen Canadian Cash Fund - F - HNW 0.1 0.1 0.3 0.1 0.5 0.6 0.5 -- 0.9
NexGen Canadian Cash Fund - DSC - Regular 0.1 0.1 0.3 0.1 0.5 0.4 0.3 0.6 0.7
Benchmark - FTSE TMX Canada 30 Day T-Bill Index 0.05 0.13 0.26 0.13 0.50 0.62 0.75 1.13 1.30

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 March 31 ]

Name Country Sector % of total holdings Market Value
ONTARIO T BILL 04/26/2017 CANADA PROVINCIAL SHORT TERM 18.10% 279,883
QUEBEC T BILL 04/13/2017 CANADA PROVINCIAL SHORT TERM 15.60% 239,955
MANULIFE BANK OF CANADA 1.54% 06/01/2018 CANADA CORPORATE FLOATING RATE NOTES 11.70% 180,000
ONTARIO T BILL 05/24/2017 CANADA PROVINCIAL SHORT TERM 11.00% 169,847
CENTRAL 1 CREDIT UNION 1.57% 11/21/2018 CANADA CORPORATE FLOATING RATE NOTES 9.70% 150,000
ROYAL BANK DU CANADA 05/01/2017 CANADA CORPORATE SHORT TERM 9.70% 149,907
NATIONAL BANK OF CANADA 04/20/2017 CANADA CORPORATE SHORT TERM 8.40% 129,948
PROVINCE OF ALBERTA CANADA 05/02/2017 CANADA PROVINCIAL SHORT TERM 6.50% 99,948
ONTARIO TEACHERS FIN 08/25/2017 CANADA CORPORATE SHORT TERM 5.20% 79,735
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 2.80% 43,658
PROV OF SASKATCHEWAN 06/12/2017 CANADA PROVINCIAL SHORT TERM 1.30% 19,977
Total Displayed     100.00% 1,542,858
Total Holdings       1,542,858

Portfolio Sector Allocation
[ as of March 31** ]

PROVINCIAL SHORT TERM 52.50%
CORPORATE SHORT TERM 23.30%
CORPORATE FLOATING RATE NOTES 21.40%
CASH & EQUIVALENTS? 2.80%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of March 31 ]

CANADA 100.00%
TOTAL 100.00%

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

 

NexGen Canadian
Cash 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.