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)

$297,060,092


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 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/DSC3.7 4.5 7.9 3.7 21.6 3.7 -- -- 3.7
Return of Capital Class FE/DSC3.7 4.5 7.9 3.7 21.7 3.7 -- -- 3.7
Dividend Tax Credit Class FE/DSC3.7 4.5 7.9 3.7 21.7 3.7 -- -- 3.7
Compound Growth Class FE/DSC3.7 4.6 8.0 3.7 21.7 3.6 -- -- 3.7
Benchmark - S&P / TSX Preferred Share Index  4.0 7.1 10.7 4 24.2 0.1 -- -- 0.7

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 NXG5311NXG5317$9.7913 -0.7431 -0.0733 -1.2625 -0.1252
Capital Gains Class NXG5321NXG5327$9.8502 -0.7427 -0.0737 -1.262 -0.1259
Dividend Tax Credit Class NXG5331NXG5337$9.7935 -0.7429 -0.0733 -1.2623 -0.1252
Compound Growth Class NXG5341NXG5347$11.1284 -0.743 -0.0833 -1.2652 -0.1426

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
ENBRIDGE INC PREFERRED STOCK VAR CANADA ENERGY 5.60% 15,739,270
ALGONQUIN PWR + UTILITY PREFERRED STOCK VAR CANADA UTILITIES 5.00% 14,120,348
PEMBINA PIPELINE CORP PREFERRED STOCK VAR CANADA ENERGY 5.00% 13,975,722
ALTAGAS LTD PREFERRED STOCK VAR CANADA ENERGY 4.90% 13,661,406
TRANSCANADA CORP PREFERRED STOCK VAR CANADA ENERGY 4.80% 13,476,290
CASH & EQUIVALENTS? CANADA CASH & EQUIVALENTS? 4.70% 13,250,343
BROOKFIELD ASSET MAN INC PREFERRED STOCK 4.9 CANADA FINANCIALS 4.60% 12,738,501
ELEMENT FLEET MANAGEMENT PREFERRED STOCK VAR CANADA FINANCIALS 4.50% 12,506,834
WESTCOAST ENERGY INC PREFERRED STOCK 5.6 CANADA UTILITIES 4.10% 11,508,199
CANADIAN UTILITIES LTD PREFERRED STOCK 4.9 CANADA UTILITIES 3.40% 9,490,556
CO OPERATORS GENL INS PREFERRED STOCK 5 CANADA FINANCIALS 3.30% 9,224,320
TORONTO DOMINION BANK PREFERRED STOCK VAR CANADA FINANCIALS 3.30% 9,118,644
BCE INC PREFERRED STOCK VAR CANADA TELECOMMUNICATION SERVICES 3.30% 9,102,522
ROYAL BANK OF CANADA PREFERRED STOCK 4.9 CANADA FINANCIALS 3.10% 8,658,716
FORTIS INC PREFERRED STOCK 4.75 CANADA UTILITIES 3.00% 8,413,470
GEORGE WESTON LTD PREFERRED STOCK 4.75 CANADA CONSUMER STAPLES 2.80% 7,792,590
SHAW COMMUNICATIONS INC PREFERRED STOCK VAR CANADA CONSUMER DISCRETIONARY 2.60% 7,393,932
FAIRFAX FINL HLDGS LTD PREFERRED STOCK VAR CANADA FINANCIALS 2.60% 7,280,950
POWER FINANCIAL CORP PREFERRED STOCK 5.1 CANADA FINANCIALS 2.40% 6,713,530
GREAT WEST LIFECO INC PREFERRED STOCK 5.25 CANADA FINANCIALS 2.30% 6,411,023
BANK OF MONTREAL PREFERRED STOCK VAR CANADA FINANCIALS 2.30% 6,384,661
IGM FINANCIAL INC PREFERRED STOCK 5.9 CANADA FINANCIALS 2.10% 5,928,990
VERESEN INC PREFERRED STOCK VAR CANADA ENERGY 2.10% 5,813,528
FAIRFAX FINL HLDGS LTD PREFERRED STOCK CANADA FINANCIALS 2.00% 5,695,620
EMERA INC PREFERRED STOCK 4.5 CANADA UTILITIES 1.90% 5,321,358
Total Displayed     85.70% 239,721,322
Total Holdings       279,745,715

Portfolio Sector Allocation
[ as of January 31** ]

FINANCIALS 44.50%
ENERGY 22.40%
UTILITIES 18.60%
CASH & EQUIVALENTS? 4.70%
CONSUMER STAPLES 3.90%
TELECOMMUNICATION SERVICES 3.30%
CONSUMER DISCRETIONARY 2.60%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of January 31 ]

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.