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)

$314,190,343


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 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
Return of Capital Class FE/DSC0.1 3.1 7.8 6.9 17.5 3.4 -- -- 4.3
Dividend Tax Credit Class FE/DSC0.1 3.2 7.8 6.9 17.5 3.4 -- -- 4.4
Compound Growth Class FE/DSC0.1 3.1 7.8 6.9 17.4 3.3 -- -- 4.3
Capital Gain Class FE/DSC0.1 3.1 7.8 6.9 17.4 3.3 -- -- 4.3
Benchmark - S&P / TSX Preferred Share Index  0.0 3.3 10.7 7.5 18.4 -- -- -- 1.5

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 05/29/2017 % $ % $  
Return of Capital Class NXG5311NXG5317$9.7225 0.0896 0.0087 -0.035 -0.0034
Capital Gains Class NXG5321NXG5327$9.8652 0.0893 0.0088 -0.0355 -0.0035
Dividend Tax Credit Class NXG5331NXG5337$9.7247 0.0885 0.0086 -0.036 -0.0035
Compound Growth Class NXG5341NXG5347$11.1422 0.0871 0.0097 -0.0404 -0.0045

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
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 5.80% 18,217,598
ENBRIDGE INC PREFERRED STOCK VAR CANADA ENERGY 5.20% 16,210,074
ALGONQUIN PWR + UTILITY PREFERRED STOCK VAR CANADA UTILITIES 4.90% 15,293,920
ALTAGAS LTD PREFERRED STOCK VAR CANADA ENERGY 4.80% 15,100,999
ELEMENT FLEET MANAGEMENT PREFERRED STOCK VAR CANADA FINANCIALS 4.80% 15,078,447
TRANSCANADA CORP PREFERRED STOCK VAR CANADA ENERGY 4.70% 14,747,330
PEMBINA PIPELINE CORP PREFERRED STOCK VAR CANADA ENERGY 4.70% 14,582,385
BROOKFIELD ASSET MAN INC PREFERRED STOCK 4.9 CANADA FINANCIALS 4.40% 13,665,600
WESTCOAST ENERGY INC PREFERRED STOCK 5.6 CANADA UTILITIES 3.70% 11,543,872
VERESEN INC PREFERRED STOCK VAR CANADA ENERGY 3.60% 11,232,349
TORONTO DOMINION BANK PREFERRED STOCK VAR CANADA FINANCIALS 3.30% 10,146,788
BCE INC PREFERRED STOCK VAR CANADA TELECOMMUNICATION SERVICES 3.20% 9,905,672
CANADIAN UTILITIES LTD PREFERRED STOCK 4.9 CANADA UTILITIES 3.10% 9,799,514
CO OPERATORS GENL INS PREFERRED STOCK 5 CANADA FINANCIALS 3.10% 9,752,175
ISHARES S+P/TSX CANADIAN PRE PREFERRED STOCK VAR CANADA INDEX FUNDS 3.00% 9,257,976
FORTIS INC PREFERRED STOCK 4.75 CANADA UTILITIES 2.80% 8,853,390
ROYAL BANK OF CANADA PREFERRED STOCK 4.9 CANADA FINANCIALS 2.70% 8,459,640
FAIRFAX FINL HLDGS LTD PREFERRED STOCK VAR CANADA FINANCIALS 2.70% 8,324,225
GEORGE WESTON LTD PREFERRED STOCK 4.75 CANADA CONSUMER STAPLES 2.60% 8,205,990
BANK OF MONTREAL PREFERRED STOCK VAR CANADA FINANCIALS 2.60% 8,076,633
POWER FINANCIAL CORP PREFERRED STOCK 5.1 CANADA FINANCIALS 2.30% 7,112,269
GREAT WEST LIFECO INC PREFERRED STOCK 5.25 CANADA FINANCIALS 2.10% 6,517,325
FAIRFAX FINL HLDGS LTD PREFERRED STOCK CANADA FINANCIALS 2.00% 6,344,100
IGM FINANCIAL INC PREFERRED STOCK 5.9 CANADA FINANCIALS 1.90% 5,930,144
EMERA INC PREFERRED STOCK 4.5 CANADA UTILITIES 1.70% 5,249,166
Total Displayed     85.70% 267,607,580
Total Holdings       311,601,479

Portfolio Sector Allocation
[ as of April 30** ]

FINANCIALS 41.70%
ENERGY 24.10%
UTILITIES 17.30%
CASH & EQUIVALENTS? 5.80%
CONSUMER STAPLES 3.60%
TELECOMMUNICATION SERVICES 3.20%
INDEX FUNDS 3.00%
CONSUMER DISCRETIONARY 1.30%
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 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.