NexGen Canadian Preferred Share Tax Managed Fund

  • FUND FACTS
  • PRICES & PERFORMANCE
  • HOLDINGS & STATS
  • DOCUMENTS

Fund Inception Date:

August 26, 2013


Fund Assets:

(Includes Registered and Tax Managed Funds, all series, and all Tax Classes)

$298,740,540


Management Fee:

 

1.25%

View Fee Chart
Portfolio Sub-Advisor:

Portfolio Managers:
Jeff Herold, CFA
Dax Letham, CFA
Ian Clare, CFA
  
 
 
 

Investment Objective

  • The Fund pursues a steady flow of income primarily through investment in Canadian preferred shares.
  • NexGen Canadian Preferred Share Tax Managed Fund invests directly in preferred shares

Who Should Invest in this Fund?

  • If you want exposure to dividend income through a diversified portfolio of Canadian preferred shares
  • 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 portfolio sub-advisor, J. Zechner Associates Inc., considers the credit quality of preferred share issuers, the attributes of individual preferred share issues and the expected direction of dividend yields. The sub-advisor seeks to invest in preferred shares that provide attractive value relative to available preferred share types, issuers and issues. The sub-advisor also considers the relative attractiveness of preferred shares to other fixed income alternatives.
  • Although the Fund is expected to primarily invest in preferred share securities the sub-advisor may at times utilize other fixed income securities including money market securities and government, agency and/or corporate bonds to a maximum of 40% of the portfolio.
  • The Fund may invest up to 20% of the cost of its net assets in foreign securities.


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/DSC1.4 7.4 7.6 5.2 26.8 3.6 -- -- 4.0
Return of Capital Class FE/DSC1.4 7.4 7.6 5.2 26.8 3.7 -- -- 4.1
Dividend Tax Credit Class FE/DSC1.4 7.4 7.6 5.2 26.8 3.7 -- -- 4.1
Compound Growth Class FE/DSC1.4 7.5 7.7 5.1 26.8 3.6 -- -- 4.0
Benchmark - S&P / TSX Preferred Share Index  1.5 9.4 11.1 5.6 30.9 0.3 -- -- 1.1

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 NXG5311NXG5317$9.8267 0.3615 0.0354 -0.7183 -0.0711
Capital Gains Class NXG5321NXG5327$9.8858 0.3614 0.0356 -0.7181 -0.0715
Dividend Tax Credit Class NXG5331NXG5337$9.8289 0.3615 0.0354 -0.7182 -0.0711
Compound Growth Class NXG5341NXG5347$11.1685 0.3603 0.0401 -0.7209 -0.0811

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
ENBRIDGE INC PREFERRED STOCK VAR CANADA ENERGY 5.50% 15,910,856
ALTAGAS LTD PREFERRED STOCK VAR CANADA ENERGY 5.20% 14,934,309
ALGONQUIN PWR + UTILITY PREFERRED STOCK VAR CANADA UTILITIES 4.90% 14,229,508
TRANSCANADA CORP PREFERRED STOCK VAR CANADA ENERGY 4.90% 14,192,479
PEMBINA PIPELINE CORP PREFERRED STOCK VAR CANADA ENERGY 4.90% 14,157,677
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 4.60% 13,185,492
BROOKFIELD ASSET MAN INC PREFERRED STOCK 4.9 CANADA FINANCIALS 4.50% 13,127,592
ELEMENT FLEET MANAGEMENT PREFERRED STOCK VAR CANADA FINANCIALS 4.40% 12,802,644
WESTCOAST ENERGY INC PREFERRED STOCK 5.6 CANADA UTILITIES 4.00% 11,478,650
TORONTO DOMINION BANK PREFERRED STOCK VAR CANADA FINANCIALS 3.90% 11,324,741
CANADIAN UTILITIES LTD PREFERRED STOCK 4.9 CANADA UTILITIES 3.30% 9,530,166
CO OPERATORS GENL INS PREFERRED STOCK 5 CANADA FINANCIALS 3.30% 9,522,520
BCE INC PREFERRED STOCK VAR CANADA TELECOMMUNICATION SERVICES 3.20% 9,239,100
FORTIS INC PREFERRED STOCK 4.75 CANADA UTILITIES 2.90% 8,431,800
ROYAL BANK OF CANADA PREFERRED STOCK 4.9 CANADA FINANCIALS 2.90% 8,412,642
GEORGE WESTON LTD PREFERRED STOCK 4.75 CANADA CONSUMER STAPLES 2.80% 8,013,070
BANK OF MONTREAL PREFERRED STOCK VAR CANADA FINANCIALS 2.70% 7,947,616
FAIRFAX FINL HLDGS LTD PREFERRED STOCK VAR CANADA FINANCIALS 2.50% 7,231,975
VERESEN INC PREFERRED STOCK VAR CANADA ENERGY 2.40% 6,940,382
POWER FINANCIAL CORP PREFERRED STOCK 5.1 CANADA FINANCIALS 2.40% 6,911,485
GREAT WEST LIFECO INC PREFERRED STOCK 5.25 CANADA FINANCIALS 2.20% 6,461,643
FAIRFAX FINL HLDGS LTD PREFERRED STOCK CANADA FINANCIALS 2.10% 6,099,399
IGM FINANCIAL INC PREFERRED STOCK 5.9 CANADA FINANCIALS 2.10% 5,975,130
SHAW COMMUNICATIONS INC PREFERRED STOCK VAR CANADA CONSUMER DISCRETIONARY 1.90% 5,380,380
EMERA INC PREFERRED STOCK 4.5 CANADA UTILITIES 1.90% 5,374,620
Total Displayed     85.40% 246,815,876
Total Holdings       289,184,911

Portfolio Sector Allocation
[ as of February 28** ]

FINANCIALS 44.30%
ENERGY 23.10%
UTILITIES 19.00%
CASH & EQUIVALENTS? 4.60%
CONSUMER STAPLES 3.90%
TELECOMMUNICATION SERVICES 3.20%
CONSUMER DISCRETIONARY 1.90%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of February 28 ]

CANADA 99.00%
BERMUDA 1.00%
TOTAL 100.00%

** The Portfolio Sector Asset Allocations and Total Percentage Displayed in Top Holdings do not include non-cash working capital.

 
Canadian Preferred Share 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.