NexGen Canadian Cash Tax Managed Fund

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

Fund Inception Date:

September 5, 2006


Fund Assets:

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

$4,641,659


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 tax efficient flow of income while preserving capital primarily through indirect investment in short term Canadian fixed income securities.

Who Should Invest in the Fund?

  • If you are seeking primarily conservative shorter term fixed income returns with an emphasis on preservation of capital.
  • If you have a low tolerance for risk.

Volatility Classification

 X        
Low       High

 

Investment Strategies

  • The Fund invests directly in short term fixed income securities such as bonds issued or guaranteed by Canadian governments, corporate bonds and money market securities with maturity dates of less than one year.

Effective March 7, 2017, the NexGen Canadian Cash Tax Managed Fund is closed to all purchases, except for purchases through pre-authorized investment plans.


Yields
as of January 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 0.43 0.43 0.43 0.42 0.44 0.44  
Effective 7-day Yield 0.43 0.43 0.43 0.42 0.45 0.44  
 

Performance [ as of January 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 Tax Managed Fund - FE - Regular 0.0 0.2 0.3 0.0 0.5 0.4 0.3 0.7 0.8
NexGen Canadian Cash Tax Managed Fund - FE - HNW 0.0 0.2 0.3 0.0 0.5 0.4 0.3 0.8 0.8
NexGen Canadian Cash Tax Managed Fund - FE - UHNW 0.0 0.2 0.3 0.0 0.5 0.5 0.5 0.9 1.0
NexGen Canadian Cash Tax Managed Fund - F - Regular 0.0 0.2 0.3 0.0 0.5 0.6 0.5 -- 0.8
NexGen Canadian Cash Tax Managed Fund - F - HNW 0.0 0.2 0.3 0.0 0.5 0.6 0.6 -- 0.9
NexGen Canadian Cash Tax Managed Fund - DSC - Regular 0.0 0.2 0.3 0.0 0.5 0.4 0.3 0.6 0.7
Benchmark - FTSE TMX Canada 30 Day T-Bill Index 0.04 0.12 0.25 0.04 0.46 0.63 0.76 1.19 1.31

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.

* The NexGen Canadian Cash Tax Managed Fund (the "Fund") may use forward contracts to hedge a portfolio of Canadian equity securities in order to approximate the rate of return provided by the NexGen Canadian Cash Registered Fund (the "underlying fund").

Top 25 Holdings [ as of January 31 ]

Name Country Sector % of total holdings Market Value
PROVINCE OF ALBERTA 02/14/2017 CANADA PROVINCIAL SHORT TERM 41.60% 2,549,514
CENTRAL 1 CREDIT UNION 1.52% 11/21/2018 CANADA CORPORATE FLOATING RATE NOTES 13.90% 850,000
MANULIFE BANK OF CANADA 1.50% 06/01/2018 CANADA CORPORATE FLOATING RATE NOTES 12.90% 790,000
PROV OF ALBERTA 02/07/2017 CANADA PROVINCIAL SHORT TERM 10.50% 639,944
BANK OF NOVA SCOTIA 02/01/2017 CANADA CORPORATE SHORT TERM 8.20% 500,000
QUEBEC T BILL 02/24/2017 CANADA PROVINCIAL SHORT TERM 7.70% 469,829
ONTARIO TEACHERS FIN 03/08/2017 CANADA CORPORATE SHORT TERM 3.90% 239,810
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 1.30% 78,270
Total Displayed     100.00% 6,117,367
Total Holdings       6,117,367

Portfolio Sector Allocation
[ as of January 31** ]

PROVINCIAL SHORT TERM 59.80%
CORPORATE FLOATING RATE NOTES 26.80%
CORPORATE SHORT TERM 12.10%
CASH & EQUIVALENTS? 1.30%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of January 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 Tax Managed 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.