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)

$53,997,466


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 February 28, 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/DSC2.2 3.6 6.2 1.7 18.8 2.9 6.1 4.1 3.9
Return of Capital Class FE/DSC2.2 3.6 6.2 1.7 18.7 2.9 6.1 4.1 3.9
Dividend Tax Credit Class FE/DSC2.2 3.6 6.2 1.7 18.8 2.9 6.1 4.1 3.9
Compound Growth Class FE/DSC2.1 3.8 6.3 1.7 18.8 2.9 6.0 4.0 3.8
Benchmark - S&P / TSX Composite Index  0.2 2.7 6.9 1.1 23.2 5.8 7.2 4.7 5.3

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 03/23/2017 % $ % $  
Return of Capital Class NXG1911NXG1917$6.3558 0.2888 0.0183 -1.2216 -0.0786Monthly return of capital distribution
Capital Gains Class NXG1921NXG1927$10.8832 0.2894 0.0314 -1.2217 -0.1346Annual capital gains
(up to increase in NAV per share)
Dividend Tax Credit Class NXG1931NXG1937$7.5773 0.2899 0.0219 -1.2202 -0.0936Monthly Canadian Dividends Distribution
Compound Growth Class NXG1941NXG1947$14.3453 0.2887 0.0413 -1.2243 -0.1778Minimized 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 February 28 ]

Name Country Sector % of total holdings Market Value
BANK OF NOVA SCOTIA CANADA FINANCIALS 7.00% 3,852,000
ROYAL BANK OF CANADA CANADA FINANCIALS 7.00% 3,832,668
TORONTO DOMINION BANK CANADA FINANCIALS 6.80% 3,724,224
PFIZER INC UNITED STATES HEALTH CARE 3.60% 1,963,312
PEMBINA PIPELINE CORP CANADA ENERGY 2.90% 1,605,208
SNC LAVALIN GROUP INC CANADA INDUSTRIALS 2.90% 1,590,246
COGECO COMMUNICATIONS INC CANADA CONSUMER DISCRETIONARY 2.90% 1,579,600
SUN LIFE FINANCIAL INC CANADA FINANCIALS 2.80% 1,566,500
NORTH AMERICAN ENERGY PARTNE CANADA ENERGY 2.70% 1,464,904
TRICON CAPITAL GROUP INC CANADA REAL ESTATE 2.40% 1,342,880
CBS CORP CLASS B NON VOTING UNITED STATES CONSUMER DISCRETIONARY 2.40% 1,322,776
TELUS CORP CANADA TELECOMMUNICATION SERVICES 2.40% 1,318,210
CVS HEALTH CORP UNITED STATES CONSUMER STAPLES 2.30% 1,274,285
WEST FRASER TIMBER CO LTD CANADA MATERIALS 2.30% 1,271,298
BCE INC CANADA TELECOMMUNICATION SERVICES 2.30% 1,268,886
ENBRIDGE INC CANADA ENERGY 2.20% 1,229,800
GILDAN ACTIVEWEAR INC CANADA CONSUMER DISCRETIONARY 2.20% 1,218,130
STARBUCKS CORP UNITED STATES CONSUMER DISCRETIONARY 2.20% 1,209,193
BROOKFIELD ASSET MANAGE CL A CANADA FINANCIALS 2.10% 1,184,040
CANWEL BUILDING MATERIALS CANADA INDUSTRIALS 2.10% 1,177,035
NORTHLAND POWER INC CANADA UTILITIES 2.10% 1,136,167
WPT INDUSTRIAL REAL ESTATE I CANADA REAL ESTATE 2.00% 1,122,655
SANDVINE CORP CANADA INFORMATION TECHNOLOGY 2.00% 1,081,938
SLATE RETAIL REIT U CANADA REAL ESTATE 2.00% 1,080,096
INDUSTRIAL ALLIANCE INSURANC CANADA FINANCIALS 2.00% 1,075,035
Total Displayed     73.60% 40,491,085
Total Holdings       55,102,807

Portfolio Sector Allocation
[ as of February 28** ]

FINANCIALS 31.30%
ENERGY 15.10%
CONSUMER DISCRETIONARY 13.30%
REAL ESTATE 8.30%
INDUSTRIALS 7.50%
TELECOMMUNICATION SERVICES 4.70%
INFORMATION TECHNOLOGY 4.60%
CONSUMER STAPLES 3.90%
HEALTH CARE 3.60%
UTILITIES 3.50%
MATERIALS 2.30%
CASH & EQUIVALENTS? 1.00%
INDEX FUNDS 0.90%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of February 28 ]

CANADA 86.20%
UNITED STATES 13.80%
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.