Fund Details
Guardian i³ Global Quality Growth Fund I
GCG 459
Asset Class
Global Equity
Fund Total AUM on 4/24/2024
CAD $33,535,372
Daily Price
CAD $12.20
Inception Date 1
12/31/2002 §
MER 2
0.25%
Distributions
Income – Annual
Capital Gains – Annual
Minimum Investment
$500
Risk Classification 3
Documents
Click Here for Fund Facts & other Regulatory Documents
Performance
Calendar Year Performance as of 3/31/2024
YTD-2024
14.392023
27.322022
-25.592021
19.192020
23.452019
12.762018
-7.352017
18.582016
5.572015
20.63Annual Compound Performance as of 3/31/2024 4
† S.I. (Since Inception) is the performance since Inception Date
Growth of $10,000 5
Investment Objectives
The primary objective of the Fund is the achievement of long-term growth of capital primarily through the investment in a portfolio of equity or equity-related securities of issuers with business operations located throughout the world.
Investment Strategy
We employ a system-driven bottom-up research approach to assess relative value and capital growth potential within a broad stock-selection universe. We use a quantitative approach to analyze multiple fundamental factors and incorporate financial data and other information sources relevant to the issuer, including rates of change of fundamental factors. The Fund maintains a mid-large capitalization bias and is broadly diversified by issuer, sector and geographic region, seeking to isolate stock selection as the primary source of alpha.
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 moderate tolerance for risk, particularly those who seek exposure to equity securities of issuers with business operations around the world.
Top Holdings as of 3/31/2024
Top holdings represent 50.60% of the fund.
Asset Mix
Morningstar® Sustainability Rating™
Average
Relative to Category:
Global Equity Large Cap
# of Funds in Category:
8,252
Morningstar®
Low Carbon Designation™
As of 2024-02-29
Source: Morningstar® Essentials™. The Sustainability Rating is based on the Portfolio Corporate and Sovereign Sustainability Scores listed below, while the Low Carbon Designation is based on the Carbon Risk Score and Fossil Fuel Involvement listed below. Please click here to read the Definitions of the Morningstar® Ratings, Scores and their methodologies below, which includes information about when a rating may not be received.
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.
Source: Morningstar® Essentials™ based on long positions only as at 2024-02-29. Sustainalytics provides company level analysis used in the calculation of Morningstar’s Sustainability Score. The proportional relative contribution to the overall Morningstar Sustainability Rating from the Fund’s Corporate and Sovereign positions is 35.00% and 0.00%, respectively. These scores are based on the percent of Eligible Portfolio Covered, which is 100.00% of Corporate positions and is 0.00% of Sovereign positions. For a description of the Morningstar Portfolio Sustainability Scores, please see the disclaimer below by clicking here.
Morningstar® Sustainability Pillar Scores vs. Category Average
Source: Morningstar® Essentials™ based on long positions only as at 2024-02-29. Sustainalytics provides company level analysis used in the calculation of Morningstar’s Sustainability Score. The proportional relative contribution to the overall Corporate Sustainability Score from the Fund’s ESG allocation is 20.58% Environmental, 44.16% Social, 35.27% Governance and 0.00% Unallocated Risk, respectively. For a description of the Morningstar Sustainability Pillar Scores, please see the disclaimer below by clicking here.
Morningstar® Carbon Risk Metrics vs. Category Average
Source: Morningstar® Essentials™ based on long positions only as at 2024-02-29. These scores are based on the percent of Eligible Portfolio Covered, which is 100.00% for Carbon Risk and is 100.00% for Fossil Fuel Involvement. For a description of the Morningstar Portfolio Carbon Risk Scores and Fossil Fuel Involvement, please see the disclaimer below by clicking here.
Fund’s Distribution of Carbon Risk (%)
Source: Morningstar® Essentials™ based on long positions only as at 2024-02-29. Sustainalytics provides company level analysis used in the calculation of Morningstar’s Sustainability Score. *Percentages represent the contribution to overall Carbon Risk Score. For a description of the Fund’s Distribution of Carbon Risk, please see the disclaimer below by clicking here.
Investment Team
Adam Cilio, FRM, CFA, MMF
Senior Portfolio Manager and Engineer, i³ Investments™ – Guardian Capital LP
Srikanth Iyer, MBA
Managing Director, Head of i³ Investments – Guardian Capital LP
Fiona Wilson, CFA, MBA
Senior Portfolio Manager, i³ 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.