Guardian Canadian Bond Fund

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NAV:
CAD $
DAILY %
NAV:
CAD $
DAILY %

Series

GCG 554
GCG 654
NAV: 09/17/2021
CAD $10.40
DAILY -0.42%
NAV: 09/17/2021
CAD $10.27
DAILY -0.42%

Overview

The primary objective of the Fund is the provision of a high level of current interest income while at the same time preserving capital and seeking opportunities for capital appreciation primarily through investments in Canadian bonds, debentures, notes or other evidence of indebtedness.

The primary objective of the Fund is the provision of a high level of current interest income while at the same time preserving capital and seeking opportunities for capital appreciation primarily through investments in Canadian bonds, debentures, notes or other evidence of indebtedness.


Asset Class: Fixed Income
Investor Journey: Guardian ProsperTM: Solutions for Decumulation.
Total Fund AUM: CAD $175,667,237.46
Management Fee: 0.80%
Risk Rating: Low
Inception Date: 09/30/2013
Distribution
Frequency:
Quarterly
Asset Class: Fixed Income
Investor Journey: Guardian ProsperTM: Solutions for Decumulation.
Total Fund AUM: CAD $175,667,237.46
Management Fee: 0.30%
Risk Rating: Low
Inception Date: 09/19/2019
Distribution
Frequency:
Quarterly

Portfolio Managers

Peter Hargrove, CFA
Managing Director - Guardian Capital LP
Domenic Gallelli, CFA
Portfolio Manager - Guardian Capital LP

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Learn more about this fund

Highlights

KEY REASONS TO INVEST

We use a pro-active, disciplined management approach while employing various analytical tools to identify investments that offer value on a relative basis with a view to maximizing current income while preserving the prospect for some capital growth. We adhere to a risk management process that is designed to limit total exposure to individual issuers, diversify exposure to various term maturities and credit risks, and maintain portfolio liquidity. The Fund may be invested in foreign pay Canadian issues and securities of foreign issuers. A maximum of 30% of the Fund may be held in foreign-denominated securities. The Fund does not invest in securities issued by a corporation in respect of which the majority of revenue is derived from the manufacture or distribution of tobacco-related products.

We use a pro-active, disciplined management approach while employing various analytical tools to identify investments that offer value on a relative basis with a view to maximizing current income while preserving the prospect for some capital growth. We adhere to a risk management process that is designed to limit total exposure to individual issuers, diversify exposure to various term maturities and credit risks, and maintain portfolio liquidity. The Fund may be invested in foreign pay Canadian issues and securities of foreign issuers. A maximum of 30% of the Fund may be held in foreign-denominated securities. The Fund does not invest in securities issued by a corporation in respect of which the majority of revenue is derived from the manufacture or distribution of tobacco-related products.

Calendar Year Performance
YTD 2020 2019 2018 2017 2016 2015 2014 2013
-3.599.845.251.251.500.382.697.230.10

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

Calendar Year Performance
YTD 2020 2019
-3.1510.72-2.29

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
-0.111.880.82-3.59-3.124.091.97-3.04

S.I. (Since Inception) is the performance since Inception Date.

Annual Compound Performance
1M3M6MYTD1Y3Y5Y10YS.I
-0.072.031.04-3.15-2.42---3.21

S.I. (Since Inception) is the performance since Inception Date.

Growth of $10,000

Growth of $10,000

+ Click here for footnotes and fund disclosure Disclaimer:
Vega Canadian Bond Fund was renamed Guardian Canadian Bond Fund on October 26, 2007.

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

On September 16, 2013, the original Series A was re-designated as Series W.

On April 30, 2021, Series A units reduced their management fee from (1.00%) to (0.80%). Had these changes been in effect prior to this date the performance of the Fund could have been different.

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 10 Holdings

As of 08/31/2021
Ranks Holdings % Asset Mix
1Province of Ontario Canada8.09
2Canadian Government Bond7.58
3Canada Housing Trust No 16.90
4Province of British Columbia Canada4.97
5Royal Bank of Canada4.06
6Province of Saskatchewan Canada3.99
7Canadian Government Bond3.98
8Bank of Montreal3.48
9Great-West Lifeco Inc2.88
10Province of Ontario Canada2.85
Geographic Breakdown
As of 08/31/2021
Asset Mix
As of 08/31/2021
` ESG

Sustainability Ratings

Relative to Category:
Canada Fixed Income
# of Funds in Category:
152

As of 2021-05-31

  • global_guardian.png
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    % rank in global category0

Inv Bmk1
Portfolio Sustainability Score 0.00 22.90

Guardian Capital LP is a signatory of the United Nations 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.

Sustainability Ratings

Relative to Category:
Canada Fixed Income
# of Funds in Category:
152

As of 2021-05-31

  • global_guardian.png
  • global_guardian.png
  • global_guardian.png
  • global_guardian.png
  • global_guardian.png

    % rank in global category0

Inv Bmk1
Portfolio Sustainability Score 0.00 22.90

Guardian Capital LP is a signatory of the United Nations 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.

+ Click here for footnotes and fund disclosure

Distributions
Distributions
SI $1.799721
SI $0.711098
 2021$0.099438
Jun-30$.045807
Mar-31$.053631
 2020$0.201608
Dec-31$.090777
Sep-30$.041492
Jun-30$.034139
Mar-31$.035200
 2019$0.225685
Dec-31$.080917
Sep-30$.048247
Jun-28$.051224
Mar-29$.045297
 2018$0.191501
Dec-31$.054340
Sep-28$.043425
Jun-29$.051938
Mar-29$.041798
 2017$0.193788
Dec-29$.046899
Sep-29$.044835
Jun-30$.043721
Mar-31$.058333
 2016$0.272611
Dec-30$.117701
Sep-30$.052497
Jun-30$.057139
Mar-31$.045274
 2015$0.366364
Dec-31$.160328
Sep-30$.062886
Jun-30$.063909
Mar-31$.079241
 2014$0.248726
Dec-31$.096379
Sep-30$.069187
Jun-30$.083160
 2021$0.139411
Jun-30$.067471
Mar-31$.071940
 2020$0.318055
Dec-31$.113259
Sep-30$.070200
Jun-30$.067132
Mar-31$.067464
 2019$0.253632
Dec-31$.109452
Sep-30$.070180
Jun-28$.074000

For press releases on distributions please click here.

Disclaimer
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.

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