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)

$53,595,693


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 April 30, 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/DSC2.1 4.2 7.9 3.8 14.0 2.8 7.0 4.0 4.0
Return of Capital Class FE/DSC2.1 4.2 7.8 3.7 14.0 2.7 6.9 4.0 4.0
Dividend Tax Credit Class FE/DSC2.1 4.2 7.9 3.8 14.0 2.8 7.0 4.0 4.0
Compound Growth Class FE/DSC2.1 4.2 8.0 3.7 14.0 2.7 6.9 3.9 3.9

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 05/25/2017 % $ % $  
Return of Capital Class NXG1911NXG1917$6.3626 0.0865 0.0055 0.9344 0.0589Monthly return of capital distribution
Capital Gains Class NXG1921NXG1927$10.9973 0.0865 0.0095 0.9362 0.102Annual capital gains
(up to increase in NAV per share)
Dividend Tax Credit Class NXG1931NXG1937$7.5908 0.087 0.0066 0.9361 0.0704Monthly Canadian Dividends Distribution
Compound Growth Class NXG1941NXG1947$14.4918 0.0863 0.0125 0.9333 0.134Minimized 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 April 30 ]

Name Country Sector % of total holdings Market Value
CANADIAN NATL RAILWAY CO CANADA INDUSTRIALS 4.10% 2,229,942
ROYAL BANK OF CANADA CANADA FINANCIALS 3.80% 2,077,371
CANADIAN TIRE CORP CLASS A CANADA CONSUMER DISCRETIONARY 3.80% 2,065,840
CCL INDUSTRIES INC CL B CANADA MATERIALS 3.70% 2,054,000
BANK OF NOVA SCOTIA CANADA FINANCIALS 3.60% 2,003,232
TOROMONT INDUSTRIES LTD CANADA INDUSTRIALS 3.60% 1,981,248
FORTIS INC CANADA UTILITIES 3.60% 1,976,690
RICHELIEU HARDWARE LTD CANADA INDUSTRIALS 3.60% 1,962,548
ROGERS COMMUNICATIONS INC B CANADA TELECOMMUNICATION SERVICES 3.50% 1,940,290
BANK OF MONTREAL CANADA FINANCIALS 3.50% 1,904,202
NATIONAL BANK OF CANADA CANADA FINANCIALS 3.40% 1,867,360
SAPUTO INC CANADA CONSUMER STAPLES 3.30% 1,831,104
TELUS CORP CANADA TELECOMMUNICATION SERVICES 3.20% 1,780,464
CAN IMPERIAL BK OF COMMERCE CANADA FINANCIALS 3.20% 1,741,950
VERMILION ENERGY INC CANADA ENERGY 3.00% 1,658,070
INTACT FINANCIAL CORP CANADA FINANCIALS 3.00% 1,645,776
CINEPLEX INC CANADA CONSUMER DISCRETIONARY 2.90% 1,590,408
METRO INC CANADA CONSUMER STAPLES 2.90% 1,585,842
GREAT WEST LIFECO INC CANADA FINANCIALS 2.90% 1,571,616
THOMSON REUTERS CORP CANADA FINANCIALS 2.70% 1,488,720
STELLA JONES INC CANADA MATERIALS 2.70% 1,487,456
TRANSCANADA CORP CANADA ENERGY 2.60% 1,413,374
SHAW COMMUNICATIONS INC B CANADA CONSUMER DISCRETIONARY 2.60% 1,403,590
LOBLAW COMPANIES LTD CANADA CONSUMER STAPLES 2.40% 1,340,675
NEW FLYER INDUSTRIES INC CANADA INDUSTRIALS 2.30% 1,271,250
Total Displayed     79.90% 43,873,018
Total Holdings       54,925,186

Portfolio Sector Allocation
[ as of April 30** ]

FINANCIALS 28.00%
INDUSTRIALS 18.80%
ENERGY 12.60%
CONSUMER DISCRETIONARY 11.00%
CONSUMER STAPLES 11.00%
TELECOMMUNICATION SERVICES 6.80%
MATERIALS 6.40%
UTILITIES 3.60%
CASH & EQUIVALENTS? 1.80%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of April 30 ]

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.