Guardian Directed Premium Yield Portfolio

Series

GCG 598
GCG 698
NAV: 08/11/2022
CAD $9.70
DAILY
-0.01%

Overview

The primary objective of the Fund is to provide long-term capital appreciation and to reduce portfolio volatility, by investing directly and indirectly primarily in global equity securities of high quality companies.

Fund Resources

Fund Facts & Regulatory Documents
Asset Class: Global Equity
Total Fund AUM: CAD $28,088,817.02
Management Fee: 1.85%
MER: 2.23%
Risk Rating: Medium
Inception Date: 02/28/2019
Distribution Frequency: Monthly

Portfolio Managers

Denis Larose, FCIA, CFA, FSA
Chief Investment Officer - Guardian Capital LP
Dino Bourdos, CFA, CIM
Portfolio Manager, Head of Investment Solutions - Guardian Capital LP

Learn more about this fund

Highlights

KEY REASONS TO INVEST

We primarily use a fundamental bottom-up approach to security analysis. The Fund maintains a global equity focus and invests primarily in securities of mid- to large-size companies that have a track record of sustained earnings growth. The Fund also invests in sector and market exchange traded funds. The Fund seeks to manage the downside risks of the equity securities in which the Fund invests through the use of derivatives including, without limitation, buying or selling a combination of put and/or call options. The Fund employs this strategy to reduce exposure to market declines, while recognizing that the Fund may not fully benefit from strong equity market growth. The Fund is diversified by sector, normally holding between 20 and 40 issuers. The Fund is diversified globally but maintains a U.S. equity bias, targeting a minimum 50% allocation to U.S. equities. The Fund will use derivatives to hedge against potential loss. The Fund will also use derivatives for non-hedging purposes, including put and/or call options, futures, forward contracts and swaps, in order to gain exposure to certain securities without investing directly in such securities, to reduce the impact of currency fluctuations on the Fund or to provide protection for the Fund’s portfolio.
Calendar Year Performance
YTD 2021 2020 2019
-13.6517.928.277.83

Performance during the Fund’s first year is from its Inception Date to Dec 31 of that same calendar year.

Annual Compound Performance
1M3M6MYTD1Y3Y5Y10YS.I
5.88-2.00-8.49-13.65-8.534.53--5.19

S.I. (Since Inception) is the performance since Inception Date.
Information as of 07/31/2022

Growth of $10,000


Information as of 07/31/2022

Growth of $10,000

+ Click here for footnotes and fund disclosure Disclaimer:
MER as of December 31, 2021

On July 14, 2020, the name of the Fund changed from Guardian SteadyFlow Equity Fund to Guardian Directed Premium Yield Portfolio.

On April 30, 2021, Series W was renamed Series A.


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").

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.

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.

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.

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.

For major events that may affect the performance of a fund in the last 10 years, including, where applicable, its participation in an amalgamation or merger with another fund or a change in its investment objectives or portfolio advisor, please refer to the "History of the Fund" section in the fund's most recently-filed Annual Information Form. The performance of a fund may have been different had events such as these not taken place.

The information contained on this fund page is designed to provide you with general information related to the mutual fund and is not intended to be comprehensive investment advice applicable to the circumstances of the individual. We strongly recommend you to consult with a financial advisor prior to making any investment decisions.

Portfolio

Top Holdings

As of 07/29/2022
Ranks Holdings % Asset Mix
1UnitedHealth Group Inc7.67
2Novo Nordisk A/S6.99
3Microsoft Corp6.40
4Alphabet Inc6.37
5CME Group Inc6.01
6Apple Inc5.26
7EssilorLuxottica SA4.68
8Home Depot Inc/The3.84
9Booking Holdings Inc3.53
10Automatic Data Processing Inc3.52
Geographic Breakdown
As of 07/29/2022
Asset Mix
As of 07/29/2022
ESG

Morningstar® Sustainability Rating™

Above Average
Relative to Category:
Global Equity Large Cap
# of Funds in Category:
7493

Morningstar Low Carbon Designation™

Low Carbon Badge

As of 2022-03-31

  • global_guardian.png
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    % rank in global category17

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Source: Morningstar® Essentials™ - Sustainability Rating and Sustainability Score (below) and Carbon Metrics as of 2022-03-31 out of 7493 Global Equity Large Cap funds. Based on 100.00% of AUM. Data is based on long positions only.

Responsible investing for a sustainable world

Guardian Capital LP is a signatory of the United Nations-supported Principles of Responsible Investing (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.

Click here to learn more

Pri Badge SASB Inside Badge

Sustainability Score as of 2020-07-31. Sustainability Rating as of 2020-06-30. Sustainalytics provides company-level analysis used in the calculation of Morningstar’s Sustainability Score. Sustainability Mandate information is derived from the fund prospectus.

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.

Fund Category Average
Portfolio Sustainability Score™ 19.35 21.08

Source: Morningstar® Essentials™ - Portfolio ESG Pillar Score as of 2022-03-31.


Source: Morningstar® Essentials™ - Portfolio Carbon Risk Score and Fossil Fuel Involvement as of 2022-03-31.


Source: Morningstar® Essentials™ - Portfolio Distribution of Carbon Risk as of 2022-03-31.

Guardian Capital LP is a signatory of the United Nations-supported Principles of Responsible Investment (UN PRI). The UN PRI does not prescribe the exclusion of any particular type of company or industry; rather it requires that, as the Manager, we are informed on the ESG issues, and that we are comfortable with the activities and practices of the companies that we invest in. Our Responsible Investing policies are publicly available on our website at https://www.guardiancapital.com/investmentsolutions/responsible-investing/

Responsible investing is an approach to investing that incorporates ESG considerations into investment decisions. This approach may incorporate considerations beyond traditional financial information into the investment selection process, which could result in investment performance deviating from other products with comparable objectives or from broad market benchmarks. Please review the Fund’s prospectus for details on how the Fund’s investment strategy incorporates responsible investing considerations and the associated risks, and consult your financial professional prior to investing.

The Fund does not have ESG-related investment objectives. Rather, the Fund integrates ESG considerations into its investment analysis of all holdings within its portfolio. The Fund’s ESG characteristics and performance may change from time to time.

The Fund’s Morningstar ratings and rankings evaluate the ESG aspects of the Fund’s portfolio holdings and do not evaluate the efficacy of the Fund’s ESG investment strategies and are not indicative of how well ESG considerations are integrated by the Fund. The full rating methodology employed by Morningstar can be found on their website or by clicking on the following link: https://www.morningstar.com/content/dam/marketing/shared/research/methodology/744156_Morningstar_Sustainability_Rating_for_Funds_Methodology.pdf. A copy of the Morningstar Sustainability Rating for Fund Methodology document may be obtained, free of charge, by contacting us at 1 (866) 383-6546 or insights@guardiancapital.com Other providers may also prepare ESG ratings and rankings of mutual funds and ETFs based on their own methodologies, which may differ from the methodology employed by Morningstar.

Definitions:

Sustainability Rating is a ranking of a fund’s ESG risks relative to that fund’s Morningstar Category peers, and is updated monthly. It provides a measure of how well the issuing companies of the securities within a fund’s portfolio are managing their financially material ESG risks. The Morningstar Sustainability Rating is depicted by globe icons where 5 globes equals High ranking (lower ESG risk) and 1 globe equals Low ranking (higher ESG risk) compared to category peers, based off each respective funds’ Morningstar® Portfolio Sustainability Score™.

Sustainability Score assesses the degree to which the underlying companies in a fund’s portfolio are exposed to ESG factors that can negatively impact the portfolio’s value, and is updated monthly. The Portfolio Sustainability Score ranges between 0 to 100, with a higher score indicating that a fund has, on average, more of its assets invested in companies with high ESG Risk. Lower score means lower ESG risk.

Sustainability Pillar Scores are calculated as an asset-weighted average of the Environmental, Social and Governance Risk cluster scores of a fund's portfolio holdings and represent the components of a fund's ESG risk profile, and is updated monthly. These ESG Pillar Scores help investors understand the contribution of each to a fund’s overall ESG risk, as it breaks out the Sustainability Score into separate Environmental, Social, and Governance pillars.

Low Carbon Designation™ is intended to allow investors to easily identify low-carbon funds across the global universe, and is calculated quarterly. The designation is an indicator that the companies held in a fund’s portfolio are in general alignment with the transition to a low-carbon economy, and have low carbon risk scores and low levels of fossil fuel exposure.

Portfolio Carbon Risk Score is used to evaluate carbon risk at the portfolio level. It is an asset-weighted score based on Sustainalytics’ carbon-risk rating of the companies held in the fund’s portfolio, calculated quarterly, based on the most recent 12-month trailing average. It measures the risk that companies in a fund’s portfolio face from the transition to a low-carbon economy. A company’s ability to reduce emissions and mitigate carbon risk using various management strategies is deducted from their overall carbon risk exposure score. A lower score means lower carbon risk. The Carbon Risk score is ranked from 0 (Low) to 50+ (Severe).

Portfolio Fossil Fuel Involvement is designed to highlight the percentage to which a fund’s portfolio is exposed to this most significant carbon risk, calculated quarterly, based on the most recent 12-month trailing average. Companies with fossil-fuel exposure are defined as those with involvement in thermal coal extraction, thermal coal power generation and oil & gas production, power generation, &/or products and services. The Fossil Fuel Involvement is shown as a percentage out of 100%.

Fund’s Distribution of Carbon Risk shows the percent of the fund’s portfolio holdings with negligible, low, medium, high, or severe Carbon Risk Ratings, as calculated by Sustainalytics, calculated quarterly, based on the most recent 12-month trailing average.

Morningstar ratings are portfolio-based, not performance-based. They do not reflect a fund’s performance on either an absolute or risk-adjusted basis, nor are they a qualitative Morningstar evaluation of a fund’s merits and should not be the sole basis for an investment decision.

+ Click here for footnotes and fund disclosure
Morningstar Disclaimers and description of Methodology:
  1. The Morningstar® Sustainability Rating™ is intended to measure how well the issuing companies of the securities within a fund’s portfolio are managing their environmental, social, and governance (“ESG”) risks and opportunities relative to the fund’s Morningstar category peers, and is updated monthly. The Morningstar Sustainability Rating is depicted by globe icons where 5 globes equals High ranking (lowest ESG Risk) and 1 globe equals Low ranking (highest ESG Risk) compared to category peers, based off each fund’s Morningstar® Portfolio Sustainability Score™. A Sustainability Rating is assigned to any fund that has more than half of its underlying assets receiving an ESG Risk Rating from Sustainalytics, and is within a Morningstar Category with at least 10 scored funds; therefore, the rating it is not limited to funds with explicit sustainable or responsible investment mandates.
  2. The Morningstar® Portfolio Sustainability Score™ measures the degree to which a fund’s underlying portfolio of companies are exposed to material ESG factors that can negatively impact economic value. The Portfolio Sustainability Score ranges between 0 to 100, with a higher score indicating that a fund has, on average, more of its assets invested in companies with high ESG Risk Rating. A fund with a lower score indicates lower ESG risk. The Portfolio Sustainability Score™ uses an asset-weighted average of all covered securities. To receive a Morningstar® Portfolio Sustainability Score™, at least 67% of a fund's AUM must have an ESG Risk Score. Cash, short term corporate investments, and derivatives are excluded from calculations. Sustainalytics provides company-level analysis for the ESG Risk Rating used in the calculation of Morningstar’s Historical Sustainability Score.
  3. The Morningstar® Low Carbon Designation™ is intended to allow investors to easily identify low-carbon funds across the global universe, and is updated quarterly. The designation is an indicator that the companies held in a portfolio are in general alignment with the transition to a low-carbon economy, and the degree to which a portfolio is exposed to thermal coal extraction and power generation, as well as oil and gas production, power generation, and products & services. The designation is given to portfolios that have low carbon-risk scores and low levels of exposure to fossil fuels. To determine carbon-risk scores and fossil fuel involvement, Morningstar uses Sustainalytics’ company-level data. Funds receive the Low Carbon designation based on the most recent quarterly calculations of their 12- month trailing average Morningstar Portfolio Carbon Risk Scores and Morningstar Portfolio Fossil Fuel Involvement. Please refer to http://corporate1.morningstar.com/SustainableInvesting/ for more detailed information about the Morningstar Low Carbon Designation and its calculation.
  4. Morningstar® Sustainability Pillar Scores™ The Sustainability Pillar Scores are based on Sustainalytics’ company-level ESG Risk Ratings, which have been disaggregated into pillar scores—(E) environmental, (S) social, (G) governance and Unallocated ESG. The sum of the E, S, G and Unallocated ESG risk scores equal the total Portfolio Sustainability Score for a fund, which ranges between 0 to 100. A higher score indicating that a fund has, on average, more of its assets invested in companies with high ESG Risk Rating. A fund with a lower score indicates lower ESG risk. Sustainalytics company-level ESG Risk Ratings are based on a two-dimensional materiality framework that measures a company’s exposure to industry-specific material ESG risks and how well a company is managing those ESG Risks. This distinct approach combines the concepts of management and exposure to arrive at an absolute assessment of ESG risk.
  5. The Morningstar® Low Carbon Designation™ is intended to allow investors to easily identify low-carbon funds across the global universe. The designation is an indicator that the companies held in a portfolio are in general alignment with the transition to a low-carbon economy, and the degree to which a portfolio is exposed to thermal coal extraction and power generation, as well as oil and gas production, power generation, and products & services. The designation is given to portfolios that have low carbon-risk scores and low levels of exposure to fossil fuels. To determine carbon-risk scores and fossil fuel involvement, Morningstar uses Sustainalytics’ company-level data. Funds receive the Low Carbon designation based on the most recent quarterly calculations of their 12- month trailing average Morningstar Portfolio Carbon Risk Scores and Morningstar Portfolio Fossil Fuel Involvement.
  6. The Morningstar® Portfolio Carbon Risk Score™ is the asset-weighted, company-level, carbon-risk rating of the companies in a fund’s portfolio. A fund with a lower Carbon Risk Score is positioned to fare better in the transition to a low-carbon economy than is a fund with a higher Carbon Risk Score. To receive a Morningstar Portfolio Carbon Risk Score, at least 67% of a fund’s portfolio assets must have a carbon-risk rating from Sustainalytics, which measures the risk that companies face from the transition to a low-carbon economy. A company’s ability to reduce emissions and mitigate carbon risk using various management strategies is deducted from their overall carbon risk score. The Carbon Risk score is ranked from 0 (Low) to 50+ (Severe). The percentage of assets covered is rescaled to 100% before calculating the score. Morningstar Portfolio Carbon Risk Scores are based on the most recent quarterly calculations of their 12- month trailing average.
  7. The Morningstar® Portfolio Fossil Fuel Involvement™ is designed to highlight the percentage to which a fund’s portfolio is exposed to this most significant carbon risk. Morningstar Portfolio Fossil Fuel Involvement is the portfolio's percentage exposure to fossil fuels, averaged over the trailing 12 months. Companies with fossil-fuel involvement are defined as those deriving at least 5% of their revenue from the following activities: thermal coal extraction, thermal coal power generation, oil and gas production, and oil and gas power generation. Companies deriving at least 50% of their revenue from oil and gas products & services are also included. The Fossil Fuel Involvement is shown as a percentage out of 100%.
  8. The Fund’s Distribution of Carbon Risk shows the percent of the fund’s calculated AUM with negligible, low, medium, high, or severe Carbon Risk Ratings. At least 67% of portfolio assets must have a Carbon Risk Rating from Sustainalytics for a portfolio score to be calculated.


© 2022 Morningstar®. All Rights Reserved.

The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Please refer to http://corporate1.morningstar.com/SustainableInvesting/ for more detailed information about the various Morningstar Sustainability Ratings and their calculation.

Sustainalytics is an ESG and corporate governance research, ratings, and analysis company affiliated with Morningstar, Inc.
Distributions
Distributions
SI $2.680749
 2022$0.40551
Jul-29$.057930
Jun-30$.057930
May-31$.057930
Apr-30$.057930
Mar-31$.057930
Feb-28$.057930
Jan-31$.057930
 2021$0.62448
Dec-31$.052040
Nov-30$.052040
Oct-29$.052040
Sep-30$.052040
Aug-31$.052040
Jul-30$.052040
Jun-30$.052040
May-31$.052040
Apr-30$.052040
Mar-31$.052040
Feb-26$.052040
Jan-29$.052040
 2020$0.61353
Dec-31$.051130
Nov-30$.051130
Oct-30$.051130
Sep-30$.051130
Aug-31$.051130
Jul-31$.051130
Jun-30$.051130
May-29$.051130
Apr-30$.051100
Mar-31$.051130
Feb-28$.051130
Jan-31$.051130
 2019$1.037229
Dec-31$.087229
Nov-29$.050000
Oct-31$.050000
Sep-30$.050000
Aug-30$.050000
Jul-31$.050000
Jun-28$.050000
May-31$.050000
Apr-30$.050000
Mar-29$.050000
Feb-28$.500000

For press releases on distributions please click here.

Disclaimer: This distribution data is for informational purposes only and should not be construed to be tax advice. Your own tax advisor must be consulted for advice. Distributions are paid in Canadian dollars unless otherwise stated. Each ETF makes distributions in accordance with the distribution policy stated in its Prospectus. Each of the ETFs has the ability to make distributions as returns of capital. The payment of distributions should not be confused with an ETF's performance, rate of return or yield. If distributions paid by the ETF are greater than the performance of the ETF, distributions paid may include a return of capital and an investor's original investment will decrease. A return of capital is not taxable to the investor, but will generally reduce the adjusted cost base of the securities held for tax purposes. If the adjusted cost base falls below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. Reinvested distributions are not paid in cash but instead remain invested in the ETF. To recognize that reinvested distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the ETF's tax year end. Therefore investors will be informed of the tax characterization after year-end and not with each distribution. For tax purposes these amounts will be reported annually on official tax statements.

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