Guardian Canadian Focused Equity Fund
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Overview
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Learn more about this fund
KEY REASONS TO INVEST
- Differentiated, benchmark agnostic exposure
Deliberately diversified across sectors without the typical domestic concentration in big banks. - High-quality growth
We believe a portfolio of high-quality companies with attractive valuations can outperform the market with below-market risk. - High-conviction portfolio
Typically invests in a concentrated 15-20 “best ideas” with uncorrelated fundamental drivers.
| 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| 38.22 | 27.82 | -5.24 | 19.88 | -1.10 |
Performance during the Fund’s first year is from its Inception Date to Dec 31 of that same calendar year.
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | S.I. |
|---|---|---|---|---|---|---|---|---|
| 3.29 | 8.96 | 21.80 | 20.49 | 31.90 | 31.68 | 22.14 | - | 15.27 |
S.I. (Since Inception) is the performance since Inception Date.
Information as of 09/30/2025
Growth of $10,000
Information as of 09/30/2025
Growth of $10,000
In accordance with National Instrument 81-102, performance cannot be shown until a Fund or Series has 12 months of performance history.
Historical Nav
In accordance with National Instrument 81-102, performance cannot be shown until a Fund or Series has 12 months of performance history.
April 30, 2021 – Fund renamed Series W Units as Series A Units.
Prior to April 22, 2016, Fund existed as a non-public mutual fund.
| Fund Name | LSEG Lipper Fund Award | Classification* | Award Period | # of Funds |
|---|---|---|---|---|
| Guardian Canadian Focused Equity Fund (Series F) | 2025 Canada, Best Canadian Equity Fund | Canadian Equity | 3 Year | 92 |
| 5 Year | 79 |
Source: LSEG as at July 31, 2025.
* LSEG Classification uses CIFSC categories in Canada, rather than Lipper Global classifications. Canadian Investment Funds Standards Committee (CIFSC) is a Canadian independent organization that defines the categories of funds.
The corresponding LSEG Lipper Leaders Ratings of Series F of the Fund for the applicable periods are: 5 (3 years, 92 Funds), 5 (5 years, 79 Funds), n/a (10 years), and 5 (overall).
Performance for the Series F of the Fund for the period-ended July 31, 2025 are: 27.8% (1 year), 26.2% (3 years), 20.1% (5 years), n/a (10 years) and 14.5% (since inception; May 14, 2029). Other series of the Fund have different fees and expenses and performance and ratings will vary.
The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemptions, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Performance is calculated net of fees. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
About the Lipper Methodology
From LSEG Lipper Fund Awards © 2025 LSEG. All rights reserved. Used under license. The LSEG Lipper Fund Awards for Canada are granted annually and highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leaders Rating for Consistent Return, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award that year. LSEG Group is a leading global financial markets infrastructure and data provider. For more information please refer to their website at: www.lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed.
Lipper Leaders Rating for Consistent Return
The Lipper Leaders Rating System includes Lipper Ratings for Consistent Return, which reflects a fund’s historical risk-adjusted returns relative to funds in the same classification, and takes into account both short- and long-term risk-adjusted performance, together with a measure of a fund's consistency. The measure is based on the Lipper Effective Return computation. Effective Return is a risk-adjusted return measure that looks back over a variety of holding periods (measured in days, weeks, months, and/or years). The overall calculation is based on an equal-weighted average of percentile ranks of the Consistent Return metrics over three, five-, and ten-year periods (if applicable). The highest 20% of funds in each classification are named Lipper Leaders for Consistent Return, with a rating of 5, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. Lipper Leaders Ratings are subject to change every month.
Disclaimer: The information contained on this Fund page is designed to provide you with general information related to the mutual fund or ETF (the “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.
The Inception Date is the start date of investment performance for the Fund 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 Historical NAV (net asset value) chart above does not represent the performance of the Fund. It is shown to illustrate the daily movement of the NAV per Unit, which includes certain fees and expenses of the Fund but does not include reinvested distributions. FOR ETFs ONLY: Please note that an ETF’s Units trade on the TSX, where investors will generally buy and sell the ETF’s Units at Market Price, which may be more or less than the value of the daily NAV. The NAV and the Market Price do not include any brokerage commissions or other trading fees, which may be incurred by an investor for buying or selling Units of the ETF.
The Risk Rating classification of the Fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, which 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 the Fund’s historical volatility may not be indicative of future volatility.
The Management Fee is the fee paid to the Fund’s Manager for managing the investment portfolio and for the day-to-day operations of the Fund.
The 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 reported herein is from the Fund’s most recent Management Report of Fund Performance ("MRFP").
The Rate of Return indicated 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.
Material Events: For any 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 Fund’s most recent prospectus in the section entitled "Name, Formation and History of the Funds". The performance of a Fund may have been different had events such as these not taken place.
Responsible Investing: 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. Guardian Capital’s approach to responsible investing is consistent with the framework provided by the UN PRI. Our Responsible Investing policies are publicly available on our website.
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.
Guardian’s Sustainable Funds have ESG-related investment objectives, while other Guardian Mutual Funds and ETFs do not. Guardian Funds integrate ESG considerations into the investment analysis of securities within their respective portfolios, but which may only have a limited role in the portfolio management team’s assessment and investment decision-making process, as applicable to the different portfolio strategies and securities. The consideration of ESG factors is only one of a number of elements and strategies in the portfolio construction process and may or may not have a material influence on portfolio composition and performance at any given time. Certain prospectused ETFs and mutual funds managed by Guardian Capital LP may invest in securities such as derivatives, cash, money market instruments, asset-backed securities and commercial paper, and other similar instruments where ESG integration may not be applicable due to the nature of such instruments. The opportunity for stewardship and active engagement is more limited for funds holding the types of securities listed above as there are typically no voting rights attached. In a fund-of-funds structure, the bottom fund holding the portfolio securities will be the fund engaged in stewardship and/or active engagement. In the case of third-party funds used in fund-of-fund structures, there may be no direct engagement by Guardian Capital LP with the issuers held in those funds. A Fund’s ESG characteristics and performance may change from time to time. 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. Glossary of Financial Terms: For more information on the financial terms used in this section, please refer to the Glossary of Financial Terms on our website at: https://www.guardiancapital.com/glossary-of-terms/
Historic disclosure documents for the Fund may be found on the SEDAR+ website at www.SEDARPLUS.ca or may also be obtained, free of charge, by contacting us at 1 (866) 383-6546 or insights@guardiancapital.com.
Top Holdings
As of 12/31/2025
| Ranks | Holdings | % Asset Mix |
|---|---|---|
| 1 | FAIRFAX FINANCIAL HOLDINGS LTD. | 6.98 |
| 2 | BROOKFIELD CORP | 6.43 |
| 3 | TRISURA GROUP LTD. | 6.34 |
| 4 | AGNICO EAGLE MINES LIMITED | 6.16 |
| 5 | ALIMENTATION COUCHE-TARD INC. | 5.43 |
As of 12/31/2025
As of 12/31/2025
Morningstar® ESG Risk Rating™
Below Average
Relative to Category:Canadian Equity Large Cap
# of Funds in Category:797
Morningstar®
Low Carbon Designation™
No designation for the current month
As of 2025-11-30
Source: Morningstar® Essentials™. The ESG Risk Rating is based on the Portfolio Corporate and Sovereign ESG Risk 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 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. Guardian Capital’s approach to responsible investing is consistent with the framework provided by the UN PRI. Our Responsible Investing policies are publicly available on our website.
ESG Risk Score as of 2020-07-31. ESG Risk Rating as of 2020-06-30. Sustainalytics provides company-level analysis used in the calculation of Morningstar’s ESG Risk Score. ESG Risk Mandate information is derived from the fund prospectus.
Morningstar® Portfolio ESG Risk 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 ESG risk.
| Fund | Category Average | |
|---|---|---|
| Portfolio Corporate ESG Risk Score™ | 22.32 | 21.57 |
| Portfolio Sovereign ESG Risk Score™ | 11.55 | 11.62 |
Source: Morningstar® Essentials™ based on long positions only as at 2025-11-30. Sustainalytics provides company level analysis used in the calculation of Morningstar’s ESG Risk Score. The proportional relative contribution to the overall Morningstar ESG Risk Rating from the Fund’s Corporate and Sovereign positions is 96.76% and 3.24%, respectively. These scores are based on the percent of Eligible Portfolio Covered, which is 99.77% of Corporate positions and is 100.00% of Sovereign positions. For a description of the Morningstar Portfolio ESG Risk Scores, please see the disclaimer below by clicking here
Source: Morningstar® Essentials™ based on long positions only as at 2025-11-30. Sustainalytics provides company level analysis used in the calculation of Morningstar’s ESG Risk Score. The proportional relative contribution to the overall Corporate ESG Risk Score from the Fund’s ESG allocation is 37.80% Environmental, 35.69% Social, 22.33% Governance and 4.18% Unallocated Risk, respectively. For a description of the Morningstar ESG Risk Pillar Scores, please see the disclaimer below by clicking here.
Source: Morningstar® Essentials™ based on long positions only as at 2025-11-30. These scores are based on the percent of Eligible Portfolio Covered, which is 99.77% for Carbon Risk and is 29.47% 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.
Source: Morningstar® Essentials™ based on long positions only as at 2025-11-30. Sustainalytics provides company level analysis used in the calculation of Morningstar’s ESG Risk 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.
To review the historical 12 month history of the Fund’s ratings, rankings and scores, based on the Morningstar® ESG Risk Rating for Funds Methodology and Morningstar® Low Carbon Designation Methodology, please click here.
*Please note that the Morningstar® ESG Risk Rating and the Morningstar® Low Carbon Designation, and any other rankings and scores, are updated monthly, typically 45 days after each month-end. The Fund’s ESG data presented may not be as recent as the Fund’s performance or holdings data.
A Fund will not be assigned a fund-level ESG rating, ranking or score by Morningstar® if it is new or does not have a sufficient enough portion of its assets under management qualified for rating according to Morningstar®'s ESG Risk Rating for Fund Methodology and/or the Morningstar® Low Carbon Designation Methodology, as applicable (see below for each methodology). Excluded from qualified holdings are short positions, cash and currency, derivatives and synthetic holdings; similarly, municipal bonds, commodities, real estate, and alternative investment types are not considered corporate or sovereign and are not currently eligible to contribute toward the overall rating. The Morningstar® ESG Risk Rating a Fund receives is determined relative to other funds in the same Morningstar® Global Category, and a Fund could have similar ESG risk to another fund yet still receive a different rating if those funds are in different Global Categories The Morningstar® Global Category assignments help investors search for investments domiciled across the globe which have similar attributes, as described in Morningstar’s Global Category Classifications found here: https://www.morningstar.com/content/dam/marketing/shared/research/methodology/860250-GlobalCategoryClassifications.pdf.
The Fund’s Morningstar® ESG Risk and Carbon ratings, rankings and scores 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 links: Morningstar® ESG Risk Rating for Fund Methodology or the Morningstar® Low Carbon Designation Methodology A copy of the Morningstar® ESG Risk Rating Methodology or Morningstar® Low Carbon Designation Methodology documents may also 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®.
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. Guardian Capital’s approach to responsible investing is consistent with the framework provided by the UN PRI. Guardian Capital’s approach to responsible investing is consistent with the framework provided by the UN PRI. Our Responsible Investing policies are publicly available on our website.
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.
Guardian’s Sustainable Funds have ESG-related investment objectives, while other Guardian Mutual Funds and ETFs do not. Guardian Funds integrate ESG considerations into the investment analysis of securities within their respective portfolios, but which may only have a limited role in the portfolio management team’s assessment and investment decision-making process, as applicable to the different portfolio strategies and securities. The consideration of ESG factors is only one of a number of elements and strategies in the portfolio construction process and may or may not have a material influence on portfolio composition and performance at any given time. Certain prospectused ETFs and mutual funds managed by Guardian Capital LP may invest in securities such as derivatives, cash, money market instruments, asset-backed securities and commercial paper, and other similar instruments where ESG integration may not be applicable due to the nature of such instruments. The opportunity for stewardship and active engagement is more limited for funds holding the types of securities listed above as there are typically no voting rights attached. In a fund-of-funds structure, the bottom fund holding the portfolio securities will be the fund engaged in stewardship and/or active engagement. In the case of third-party funds used in fund-of-fund structures, there may be no direct engagement by Guardian Capital LP with the issuers held in those funds. A Fund’s ESG characteristics and performance may change from time to time. 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.
Definitions and Summaries of the Morningstar® Ratings and Methodologies:
The Morningstar® ESG Risk Rating™ is a ranking of a fund’s ESG risks relative to that fund’s Morningstar® Global 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® ESG Risk 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. A higher ESG Risk Rating represents lower ESG risk relative to a fund's peer group.
The Morningstar® ESG Risk Rating is calculated from the combined proportional Portfolio Corporate ESG Risk Rating and Portfolio Sovereign ESG Risk Rating, for the trailing 12 months on long-only positions. A Morningstar® ESG Risk Rating is assigned to any fund that has either or both a Corporate and Sovereign Portfolio ESG Risk Score™, and which requires i) that at least 67.00% of the fund's underlying assets are Qualified Holdings that are eligible to be rated and ii) is within a Morningstar® Global Category with at least 30 scored funds; therefore, the rating is not limited to funds with explicit sustainable or responsible investment mandates. Excluded from Qualified Holdings are short positions, cash and currency, derivatives and synthetic holdings; similarly, municipal bonds, commodities, real estate, and alternative investment types are not considered corporate or sovereign and are not currently eligible to contribute toward the overall rating.
Morningstar® Portfolio ESG Risk Scores
The Morningstar® ESG Risk Rating framework, which was historically based on a single ESG risk score, is now a modular approach, based on multiple ESG risk sleeve scores to provide a more comprehensive assessment of ESG risk through multiple lenses. Morningstar® determines whether a fund’s eligible portfolio holdings can be classified under a Corporate or Sovereign framework, and each holding can only contribute to one, not both. In some cases, only one of the corporate and sovereign scores is calculated because the fund’s portfolio does not have sufficient sovereign or corporate exposure within its holdings.
The Morningstar® Portfolio Corporate ESG Risk ScoreTM is an asset-weighted average of Sustainalytics’ ESG Risk Ratings* for corporate issuers in a fund’s portfolio, based on 12-month historical holdings, updated monthly. The Sustainalytics' ESG Risk Rating measures the degree to which a company's economic value may be at risk driven by ESG factors. To receive a Portfolio Corporate ESG Risk Score, at least 67.00% of a fund’s corporate issuer holdings (long positions only) must have an ESG Risk Rating. The Portfolio Corporate ESG Risk 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. A fund with a lower score indicates lower ESG risk.
The Morningstar® Portfolio Sovereign ESG Risk ScoreTM is an asset-weighted average of Sustainalytics’ Country Risk Ratings* for sovereign issuers in a fund’s portfolio, based on 12-month historical holdings, updated monthly. The Sustainalytics' Country Risk Rating measures the risk to a country's long-term prosperity and economic development by assessing its wealth and its ability to managing its wealth sustainably. To receive a Portfolio Sovereign ESG Risk Score, at least 67.00% of a fund's sovereign issuer holdings (long only) must have a Country Risk Rating. The Portfolio Sovereign ESG Risk Score ranges between 0 to 100, with a higher score indicating that a fund has, on average, more of its assets invested in sovereign issuers with high ESG risk. A fund with a lower score indicates lower ESG risk.
The Morningstar® ESG Risk Pillar Scores™ are provided to help investors understand the contribution of each to a fund’s overall ESG risk, as it breaks out the Portfolio Corporate ESG Risk Score for a fund into separate Environmental, Social, Governance and Unallocated ESG Risk pillars. It is based on Sustainalytics’ ESG Risk Ratings for corporate issuer securities, shown as a percentage of total, and is updated monthly.
* The rating methodology employed by Sustainalytics can be found on their website or by clicking on the following links: ESG Risk Ratings Methodology Abstract https://connect.sustainalytics.com/hubfs/INV/Methodology/Sustainalytics_ESG%20Ratings_Methodology%20Abstract.pdf or Country Risk Rating https://connect.sustainalytics.com/hubfs/INV%20-%20Reports%20and%20Brochure/Product%20Brochures/Country%20Risk%20Rating.pdf
The Morningstar® Low Carbon Designation™ is intended to allow investors to easily identify low-carbon funds across the global universe, and is calculated monthly. 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.
The Low Carbon Designation is assigned to funds with a Historical Carbon Risk Score below 10 and a Historical Fossil Fuel Percentage of Covered Portfolio Involved of less than 7.00%. For a fund to receive a Historical Carbon Risk Score and the Historical Fossil Fuel Percentage of Covered Portfolio Involved, the percentage of eligible portfolio covered must meet or exceed 67.00%, respectively.
To determine Carbon Risk Scores and Fossil Fuel Involvement, Morningstar® uses Sustainalytics’ company-level data, based on the 12-month historical weighted averages. The Historical Carbon Risk Score measures the degree of material financial risk within a fund’s portfolio, calculated based on the underlying companies’ exposure to and management of material carbon issues. The Historical Fossil Fuel Involvement measures the percentage of a fund’s covered portfolio that is exposed to corporations that generate any revenue from involvement in fossil fuels.
Portfolio Carbon Risk Score measures of the degree of material financial risk posed by the transition to a low carbon economy, and was designed to support investors in evaluating the degree of carbon-related risk within the fund. It is an asset-weighted score based on Sustainalytics’ Carbon Risk Rating* of the companies held in the fund’s portfolio, calculated monthly, based on the most recent 12-month trailing average. The Sustainalytics’ Carbon Risk Rating measures the degree to which a company’s enterprise value is at risk, driven by factors related to the transition to a low carbon economy, or more technically speaking, the magnitude of a company’s unmanaged carbon risks. 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 overall Portfolio Carbon Risk Score means lower carbon risk. The Portfolio Carbon Risk Score is ranked from 0 (Low) to 50+ (Severe).
Portfolio Fossil Fuel Involvement measures a portfolio’s exposure to companies involved in high-impact and conventional fossil fuels and is designed to highlight the percentage to which a fund’s portfolio is exposed to this most significant carbon risk, calculated monthly, based on the most recent 12-month trailing average. The Sustainalytics’ Fossil Fuels Involvement* examines a company’s involvement in conventional fossil fuels, such as thermal coal and oil & gas, as well as high-impact fossil fuels including oil sands, oil shale and arctic oil and gas. The Portfolio Fossil Fuel Involvement is shown as a percentage out of 100.00%, based on a rescaled, adjusted eligible portfolio of long positions less short positions.
Fund’s Distribution of Carbon Risk shows the percent of the fund’s portfolio holdings with negligible, low, medium, high, or severe Carbon Risk Score as calculated by Sustainalytics, shown as a percentage of the fund’s total Portfolio Carbon Risk Score, calculated monthly, based on the most recent 12-month trailing average.
*The rating methodology employed by Sustainalytics can be found on their website or by clicking on the following links: Carbon Risk Ratings and Research https://connect.sustainalytics.com/hubfs/INV/Climate%20Solutions/Carbon%20Ratings%20and%20Research/Carbon%20Ratings%20and%20Research%20(Climate%20Solutions)%20Brochure.pdf
© 2023 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. Sustainalytics is an ESG and corporate governance research, ratings, and analysis company affiliated with Morningstar®, Inc.
| SI | $3.506606 |
| 2025 | $0.681255 |
| Dec-23 | $.681255 |
| 2024 | $0.8997 |
| Dec-23 | $.899700 |
| 2023 | $0.704695 |
| Dec-29 | $.704695 |
| 2022 | $0.17514 |
| Dec-30 | $.175140 |
| 2021 | $0.216728 |
| Dec-31 | $.216728 |
| 2020 | $0.095186 |
| Dec-31 | $.095186 |
| 2019 | $0.733902 |
| Dec-31 | $.733902 |
For press releases on distributions, please click here.
For tax breakdown of the distributions at each year-end, please click here and look under the Tax Reporting tab.
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. The payment of distributions should not be confused with the Fund's performance, rate of return or yield.
Each Fund makes distributions in accordance with the distribution policy stated in its Prospectus. Future distribution dates may be amended at any time. Unless a Fund has a fixed distribution rate, the distribution rate and/or amount may change or may not be paid. Distributions may consist of net income, dividends, net realized capital gains, and may also include return of capital. Distributions are determined by a variety of factors that occurred during the current tax year, including the gains realized on the disposition of securities by the Fund, the amount of dividend income and interest earned by the Fund, the volume of purchases and redemptions of Units of the Fund, and the amount of any unrealized appreciation of the Fund’s portfolio at year-end. Each of the ETFs has the ability to make distributions as returns of capital. 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. 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 by the tax reporting deadline.
