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)

$53,846,323


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 January 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-0.4 3.5 4.4 -0.4 15.0 3.5 6.5 3.9 3.7
Return of Capital Class FE/DSC-0.4 3.5 4.4 -0.4 14.9 3.4 6.5 3.9 3.7
Dividend Tax Credit Class FE/DSC-0.4 3.5 4.4 -0.4 15.0 3.5 6.5 3.9 3.7
Compound Growth Class FE/DSC-0.4 3.6 4.5 -0.4 15.0 3.4 6.5 3.8 3.6
Benchmark - S&P / TSX Composite Index  0.8 4.8 7 0.8 23.6 7.1 7.5 4.7 5.3

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 03/22/2017 % $ % $  
Return of Capital Class NXG1911NXG1917$6.3375 0.0095 0.0006 -1.3557 -0.0871Monthly return of capital distribution
Capital Gains Class NXG1921NXG1927$10.8518 0.0092 0.001 -1.3553 -0.1491Annual capital gains
(up to increase in NAV per share)
Dividend Tax Credit Class NXG1931NXG1937$7.5554 0.0093 0.0007 -1.3552 -0.1038Monthly Canadian Dividends Distribution
Compound Growth Class NXG1941NXG1947$14.3040 0.0098 0.0014 -1.3578 -0.1969Minimized 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 January 31 ]

Name Country Sector % of total holdings Market Value
BANK OF NOVA SCOTIA CANADA FINANCIALS 7.10% 3,888,000
ROYAL BANK OF CANADA CANADA FINANCIALS 6.80% 3,716,671
TORONTO DOMINION BANK CANADA FINANCIALS 6.70% 3,667,104
PFIZER INC UNITED STATES HEALTH CARE 3.30% 1,789,242
SUN LIFE FINANCIAL INC CANADA FINANCIALS 3.10% 1,669,200
SNC LAVALIN GROUP INC CANADA INDUSTRIALS 3.00% 1,648,752
COGECO COMMUNICATIONS INC CANADA CONSUMER DISCRETIONARY 2.90% 1,562,000
PEMBINA PIPELINE CORP CANADA ENERGY 2.80% 1,509,838
NORTH AMERICAN ENERGY PARTNE CANADA ENERGY 2.60% 1,396,528
TELUS CORP CANADA TELECOMMUNICATION SERVICES 2.40% 1,324,920
BCE INC CANADA TELECOMMUNICATION SERVICES 2.40% 1,284,654
CBS CORP CLASS B NON VOTING UNITED STATES CONSUMER DISCRETIONARY 2.30% 1,268,178
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 2.30% 1,250,145
GILDAN ACTIVEWEAR INC CANADA CONSUMER DISCRETIONARY 2.30% 1,232,248
CVS HEALTH CORP UNITED STATES CONSUMER STAPLES 2.20% 1,221,348
ENBRIDGE INC CANADA ENERGY 2.20% 1,218,800
TRICON CAPITAL GROUP INC CANADA REAL ESTATE 2.20% 1,195,040
CANWEL BUILDING MATERIALS CANADA INDUSTRIALS 2.10% 1,153,455
STARBUCKS CORP UNITED STATES CONSUMER DISCRETIONARY 2.10% 1,150,608
BROOKFIELD ASSET MANAGE CL A CANADA FINANCIALS 2.00% 1,113,750
NORTHLAND POWER INC CANADA UTILITIES 2.00% 1,112,013
DREAM OFFICE REAL ESTATE INV CANADA REAL ESTATE 2.00% 1,075,760
INDUSTRIAL ALLIANCE INSURANC CANADA FINANCIALS 2.00% 1,067,625
SANDVINE CORP CANADA INFORMATION TECHNOLOGY 2.00% 1,066,806
SLATE RETAIL REIT U CANADA REAL ESTATE 1.90% 1,059,816
Total Displayed     72.70% 39,642,501
Total Holdings       54,596,935

Portfolio Sector Allocation
[ as of January 31** ]

FINANCIALS 31.20%
ENERGY 15.00%
CONSUMER DISCRETIONARY 13.10%
REAL ESTATE 8.00%
INDUSTRIALS 7.70%
TELECOMMUNICATION SERVICES 4.80%
INFORMATION TECHNOLOGY 4.60%
CONSUMER STAPLES 3.80%
UTILITIES 3.40%
HEALTH CARE 3.30%
CASH & EQUIVALENTS? 2.30%
MATERIALS 1.90%
INDEX FUNDS 0.90%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of January 31 ]

CANADA 86.70%
UNITED STATES 13.30%
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.