Fund Details
GuardBonds™ 2027 Investment Grade Bond Fund I
GCG 4106
Asset Class
Fixed Income
Fund Total AUM on 4/24/2024
CAD $2,588,097
Daily Price
CAD $19.87
Inception Date 1
1/9/2024
MER 2
N/A
Distributions
Income – Monthly
Minimum Investment
$500
Risk Classification 3
Documents
Click Here for Fund Facts & other Regulatory Documents
Performance
Calendar Year Performance
This information is not available at this time.
Annual Compound Performance as of 12/31/2023 4
† S.I. (Since Inception) is the performance since Inception Date
Growth of $10,000 5
This information is not available at this time.
Investment Objectives
The primary objective of the Fund is to provide income over a pre-determined time horizon by investing in a portfolio consisting primarily of Canadian-dollar denominated investment grade bonds with an effective maturity in 2027. The Fund’s termination date is anticipated to be on or about November 30, 2027 (the “2027 Termination Date”).
Investment Strategy
The Fund is actively-managed by the Manager’s fixed income team. The portfolio management team will, at the time of investment, select a portfolio consisting primarily of Canadian-dollar denominated investment grade bonds with an effective maturity in the calendar year outlined in the investment objective. At all times the bonds will have effective maturities that correspond with the calendar year maturity outlined in the investment objective. In order to improve the tax efficiency of the portfolio, the portfolio management team will prioritize bond issuances that are trading at a discount to their maturity value, commonly referred to as “discount bonds”. The Fund may also hold money market instruments, securities of money market funds or cash to meet its current obligations. During the maturity period for the bonds in the portfolio, the Fund’s portfolio will transition to cash and cash equivalents, including, without limitation, Government of Canada treasury bills. It is expected that the portfolio of the Fund will consist primarily, if not completely, of cash and cash equivalents at the 2027 Termination Date.
Risk Considerations
The risks associated with investing in the Fund remain as discussed in the prospectus. The Fund may be suitable for investors with a low tolerance for risk, particularly those who are looking for a core Canadian fixed-income fund for their portfolio.
Top Holdings 4
This information is not available at this time.
Asset Mix
This information is not available at this time.
Morningstar® Sustainability Rating™
This information is not available at this time.
Responsible investing for a sustainable world
Guardian Capital LP is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI) and as such we are obligated to incorporate ESG issues into our investment analysis and decision-making processes. The UN PRI does not prescribe the exclusion of any particular type of company or industry; rather it requires that we are informed on the ESG issues, and that we are comfortable with the activities and practices of the companies that we invest in.
Morningstar® Portfolio Sustainability Score™
This score between 0-100, measures the degree to which the underlying portfolio of companies are exposed to material ESG factors that can negatively impact economic value. A lower score represents a lower degree of sustainability risk.
This information is not available at this time.
Morningstar® Sustainability Pillar Scores vs. Category Average
This information is not available at this time.
Morningstar® Carbon Risk Metrics vs. Category Average
This information is not yet available.
Fund’s Distribution of Carbon Risk (%)
This information is not available at this time.
Investment Team
Aubrey Basdeo, MBA
Head of Canadian Fixed Income – Guardian Capital LP
Domenic Gallelli, CFA
Portfolio Manager, Fixed Income Investments – Guardian Capital LP
Derrick Knie, CFA, M.Fin
Portfolio Manager, Fixed Income Investments – Guardian Capital LP
1 The Inception Date is the start date of investment performance and may not coincide with the date the fund or series was first offered for sale under a prospectus or its legal date of creation.
2 Management Expense Ratio (“MER”) represents the trailing 12-month management expense ratio, which reflects the cost of running the fund, inclusive of applicable taxes including HST, GST and QST (excluding certain portfolio transaction costs) as a percentage of daily average net asset value the period, including the fund’s proportionate share of any underlying fund(s) expenses, if applicable. The MER is reported in each fund’s Management Report of Fund Performance (“MRFP”).
3 The Risk Classification of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns. Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating. Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.
4 The indicated rates of return in the charts above are used only to illustrate the effects of the compound growth rate and are not intended to reflect the future value of the fund or returns on investment in the fund.
5 The Growth of $10,000 chart shows the final value of a hypothetical $10,000 investment in securities of this series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.
5 The Growth of $10,000 chart shows the final value of a hypothetical $10,000 investment in securities of this series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.