Guardian Directed Premium Yield ETF
Fund ResourcesFund Facts & Regulatory Documents
Learn more about this fund
KEY REASONS TO INVEST
- Higher, Persistent Annual IncomeMonthly distribution targets at a 6% annual rate. 1
- Lower Volatility Through use of a covered call strategy.
- Active Management That adjusts to prevailing market conditions and aims to maximizes tax efficient yield.
S.I. (Since Inception) is the performance since Inception Date.
Information as of 08/31/2022.
Growth of $10,000
Information as of 08/31/2022.
Information as of 08/31/2022.
Disclaimer: The historical net asset value (NAV) chart above does not represent the performance of the ETF. It is shown to illustrate the daily movement of the NAV per Unit, which includes certain fees and expenses of the ETF but does not include reinvested distributions. Please note that the 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 as the daily NAV. The NAV and the Market Price do not include any brokerage commissions or other trading fees incurred for buying or selling Units of the ETF.
MER as of June 30, 2021
** The Manager absorbed some of the Fund's expenses, if it had not done so the MER would have been higher.
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.
Historic disclosure documents for the Guardian mutual funds and ETFs may be found at www.SEDAR.com or may be made available upon request.
1. As disclosed in the ETF's prospectus, the ETF intends to make monthly cash distributions based on a targeted annualized monthly distribution of 4% of the NAV per Unit at the end of the prior year. Distributions may consist of net income, dividends, net realized capital gains, and may also include return of capital.
As of 07/29/2022
|Ranks||Holdings||% Asset Mix|
|1||UnitedHealth Group Incorporated||8.19|
|2||Novo Nordisk A/S Class 'B'||7.29|
|4||CME Group Inc. Class 'A'||6.22|
|6||Alphabet Inc. Class 'A'||5.42|
|8||Home Depot Inc. (The)||4.20|
|9||Automatic Data Processing Inc.||4.12|
As of 07/29/2022
As of 07/29/2022
Morningstar® Sustainability Rating™
Above AverageRelative to Category:
Global Equity Large Cap# of Funds in Category:
As of 2022-07-31
% rank in global category16
Source: Morningstar® Essentials™ - Sustainability Rating and Sustainability Score as of 2022-07-31 out of 1225 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
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.
|Portfolio Sustainability Score™||19.11||20.95|
Source: Morningstar® Essentials™ - Portfolio ESG Pillar Score as of 2022-07-31.
Source: Morningstar® Essentials™ - Portfolio Carbon Risk Score and Fossil Fuel Involvement as of 2022-07-31.
Source: Morningstar® Essentials™ - Portfolio Distribution of Carbon Risk as of 2022-07-31.
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.
Guardian’s Sustainable Funds have ESG-related investment objectives, while other Guardian Mutual Funds and ETFs do not have ESG-related investment objectives. All Guardian Funds integrate ESG considerations into the investment analysis of all holdings within their respective portfolio. 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.
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 firstname.lastname@example.org 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.
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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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%.
- 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.
php // _e('Twelve month trailing distribution yield: 2.12% (as of Sept 18,2020)', 'guardian-capital'); ?>
For press releases on distributions please click here.
Distributions are paid in Canadian dollars unless otherwise stated. Each Fund makes distributions in accordance with the distribution policy stated in the Simplified Prospectus. Each of the Funds has the ability to make distributions as returns of capital.
This information is for information purposes only and should not be construed to be tax advice. Your own tax advisor must be consulted for advice. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, 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 Fund. To recognize that these 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 Fund'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.