NexGen Canadian Dividend 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)

$55,019,389


Management Fee:

(Front End Regular)

2.00%

View Fee Chart
Portfolio Advisor:
Portfolio Manager:

Pierre Bouchard, CFA

 

 

 
 
 

Investment Objective

  • The Fund seeks to provide a combination of current cash flow and long-term capital growth primarily though investment in a diversified portfolio of Canadian equity securities

Who Should Invest in the Fund?

  • You are seeking long term appreciation through capital and distribution growth of the underlying portfolio
  • You are comfortable with the risks associated with equity investments
  • You want exposure to a core Fund that is eligible to invest primarily in Canadian equities, income trusts and other equity like securities
  • You have a low to 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, Cidel Asset Management Inc. (“Cidel”), follows a core value/income investment style for this Fund.
  • Cidel’s stock selection process consists of company screening, bottom up fundamental research/valuation and a final decision making phase based on perceived margin of safety and portfolio and risk management considerations.
  • The Fund seeks out primarily dividend paying Canadian companies with consideration given to company fundamentals in areas which typically include valuation, balance sheet strength, future earnings prospects, earnings volatility, dividend yield and/or dividend growth potential
  • The Fund may invest up to 50% of the cost of its net assets in foreign securities

Effective March 21, 2017, the portfolio manager for the NexGen Canadian Dividend Funds was changed to Cidel Asset Management Inc. There are no changes to the investment objectives of the funds and the investment strategies of the funds remain substantially similar.


Performance [ as of March 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-0.1 1.7 6.3 1.7 11.9 2.3 6.6 4.1 3.8
Return of Capital Class FE/DSC-0.1 1.6 6.3 1.6 11.9 2.3 6.6 4.0 3.8
Dividend Tax Credit Class FE/DSC-0.1 1.7 6.3 1.7 11.9 2.3 6.6 4.0 3.8
Compound Growth Class FE/DSC-0.1 1.6 6.4 1.6 11.9 2.3 6.5 3.9 3.7
Benchmark - S&P / TSX Composite Index  1.3 2.4 7.1 2.4 18.6 5.8 7.8 4.7 5.3

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 04/26/2017 % $ % $  
Return of Capital Class NXG1911NXG1917$6.5235 -0.3437 -0.0225 1.4604 0.0939Monthly return of capital distribution
Capital Gains Class NXG1921NXG1927$11.2231 -0.3436 -0.0387 1.46 0.1615Annual capital gains
(up to increase in NAV per share)
Dividend Tax Credit Class NXG1931NXG1937$7.7799 -0.3433 -0.0268 1.4593 0.1119Monthly Canadian Dividends Distribution
Compound Growth Class NXG1941NXG1947$14.7911 -0.3443 -0.0511 1.4569 0.2124Minimized 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 March 31 ]

Name Country Sector % of total holdings Market Value
CANADIAN NATL RAILWAY CO CANADA INDUSTRIALS 4.10% 2,247,864
ROYAL BANK OF CANADA CANADA FINANCIALS 4.00% 2,182,447
BANK OF NOVA SCOTIA CANADA FINANCIALS 3.80% 2,077,260
NATIONAL BANK OF CANADA CANADA FINANCIALS 3.60% 1,987,904
FORTIS INC CANADA UTILITIES 3.60% 1,987,557
BANK OF MONTREAL CANADA FINANCIALS 3.60% 1,986,600
CANADIAN TIRE CORP CLASS A CANADA CONSUMER DISCRETIONARY 3.60% 1,974,750
TOROMONT INDUSTRIES LTD CANADA INDUSTRIALS 3.50% 1,926,342
CCL INDUSTRIES INC CL B CANADA MATERIALS 3.50% 1,914,924
SAPUTO INC CANADA CONSUMER STAPLES 3.50% 1,899,846
ROGERS COMMUNICATIONS INC B CANADA TELECOMMUNICATION SERVICES 3.40% 1,846,320
CAN IMPERIAL BK OF COMMERCE CANADA FINANCIALS 3.40% 1,834,720
RICHELIEU HARDWARE LTD CANADA INDUSTRIALS 3.30% 1,798,500
VERMILION ENERGY INC CANADA ENERGY 3.20% 1,740,463
TELUS CORP CANADA TELECOMMUNICATION SERVICES 3.10% 1,713,849
INTACT FINANCIAL CORP CANADA FINANCIALS 3.10% 1,692,982
GREAT WEST LIFECO INC CANADA FINANCIALS 2.90% 1,595,605
CINEPLEX INC CANADA CONSUMER DISCRETIONARY 2.80% 1,515,000
METRO INC CANADA CONSUMER STAPLES 2.60% 1,401,155
THOMSON REUTERS CORP CANADA FINANCIALS 2.60% 1,397,493
TRANSCANADA CORP CANADA ENERGY 2.50% 1,386,962
STELLA JONES INC CANADA MATERIALS 2.50% 1,360,680
SHAW COMMUNICATIONS INC B CANADA CONSUMER DISCRETIONARY 2.50% 1,356,444
LOBLAW COMPANIES LTD CANADA CONSUMER STAPLES 2.40% 1,284,448
NEW FLYER INDUSTRIES INC CANADA INDUSTRIALS 2.30% 1,241,724
Total Displayed     79.40% 43,351,839
Total Holdings       54,521,590

Portfolio Sector Allocation
[ as of March 31** ]

FINANCIALS 29.20%
INDUSTRIALS 18.50%
ENERGY 13.00%
CONSUMER STAPLES 10.70%
CONSUMER DISCRETIONARY 10.60%
TELECOMMUNICATION SERVICES 6.50%
MATERIALS 6.00%
UTILITIES 3.60%
CASH & EQUIVALENTS? 1.80%
REAL ESTATE 0.10%
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.

 
Canadian Dividend  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.