Seeks to provide a combination of current cash flow and long term capital growth primarily through investment in a diversified portfolio of Canadian equity securities.
Natixis Canadian Dividend Class pursues the investment objective primarily through investment in publicly traded Canadian equity and income trust securities.
Cidel follows a core value/income investment style for this Fund.
Cidelâ€™s stock selection process consists of quantitative screening, bottom up fundamental research/valuation and a final decision making phase based on perceived margin of safety and portfolio and risk management considerations.
Cidel 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.
Who Should Invest in this Fund
Investors who want exposure to a core Fund that is eligible to invest primarily in Canadian equities, income trusts and other equity like securities.
Investors seeking long term appreciation through capital and distribution growth of the underlying portfolio and are comfortable with the risks associated with equity investments.
Cash & Equivalents reflects unsettled trades, fees and derivatives and any other cash and equivalents positions held within the Fund.
In the sector allocation, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
CIDEL ASSET MANAGEMENT
Managed the Fund Since
Joined the Firm
Began Investment Career
Pierre Bouchard, CFA
Vice President, Portfolio Manager
Cidel Asset Management Inc. has deep roots in the Canadian investment community combined with global reach. Since 1959, the firm has provided proven expertise and complete investing and financial management services to a loyal and growing number of private clients, institutions, foundations and public agencies. An independent investment firm, Cidel consistently provides their clients with superior investment selection based on proprietary research, prudent judgment, and excellent service.
Cidel Asset Management Inc. is portfolio sub-advisor in respect of the Natixis Canadian Dividend Class. The Natixis Canadian Dividend Registered Fund invests substantially all its portfolio assets in non-publicly offered debt and Inter-Fund class shares of Natixis Canadian Dividend Class.
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 security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the investment fund or returns on investment in the investment fund. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions for Dividend and the Return of Capital should not be confused with a mutual fundâ€™s performance, rate of return or yield. If distributions paid by a mutual fund are greater than the performance of the fund, then the investment will decline. Distributions paid as a result of capital gains realized by a mutual fund and income and dividends earned by a fund are taxable in the investorâ€™s hands in the year they are paid. For Return of Capital, the adjusted cost base will be reduced by the amount of any returns of capital. If the adjusted cost base goes below zero, then investors will have to pay capital gains tax on the amount below zero.
NGAM Canada LP (the â€śManagerâ€ť) currently reduces or absorbs all or any portion of the management fee and/or operating expenses of the Fund and can terminate the reduction or absorption at any time. The Manager expects to continue to absorb these fees or expenses until such time as the Fund is of sufficient size to reasonably absorb all fees and expenses. The MER for the Natixis Canadian Dividend Class, Dividend, Series A would be 2.54% if the Manager had not reduced or absorbed these expenses.
On March 21, 2017, Cidel Asset Management Inc. was appointed sub-advisor to the NexGen Canadian Dividend Tax Managed Fund.
On June 5, 2015, NexGen North American Large Cap Tax Managed Fund, a fund previously offered by NGAM Canada LP, was merged into NexGen Canadian Dividend Tax Managed Fund.