Guardian Ultra-Short U.S. T-Bill Fund
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Overview
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KEY REASONS TO INVEST
- Monthly Income An attractive U.S. dollar cash-alternative with monthly distribution* yields expected to be in excess of some other short-term instruments, like bank deposits and cashable GICs**.
- Stability and Security The Fund invests primarily in ultra-short-term T-Bills issued and backed by the U.S. Government, which afford very little duration risk.
- Actively Managed Guardian Capital’s experienced fixed income team tactically positions the Fund amongst U.S. T-Bills with 0-6 month maturities, depending on the Manager's view of the best opportunities.
YTD | 2023 |
---|---|
4.47 | 2.49 |
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. |
---|---|---|---|---|---|---|---|---|
0.41 | 1.27 | 2.60 | 4.40 | 5.31 | - | - | - | 5.32 |
S.I. (Since Inception) is the performance since Inception Date.
Information as of 10/31/2024.
Growth of $10,000
Information as of 10/31/2024.
The Fund’s assets and liabilities, as well as its net asset value (NAV) and distributions, are all calculated in U.S. dollars and its Units are also offered for purchase in U.S. dollars. Please see the Fund’s simplified prospectus for further information.
*As at Monday November 11th, updated weekly. Yield to Maturity (YTM) at Cost: The YTM (at Cost) shown is the weighted average Yield to Maturity at Cost of each of the underlying fixed income securities in the portfolio, net of cash. Yield to Maturity at Cost means the percentage rate of return paid if the fixed income security is held to its maturity date from the original time of purchase. The calculation is based on the coupon rate, length of time to maturity, and original price of the underlying fixed income securities. This is not the yield, distribution rate or performance return of the Fund and is not intended to represent the distribution or return experience of any unitholder. It is only intended to give investors an idea a particular portfolio characteristic of the underlying securities held in the Fund’s portfolio.
**The Fund does not have a targeted distribution. Monthly distributions of income, if any, on ETF Units will be paid in cash, whereas monthly distributions of income, if any, on Mutual Fund Units will be automatically reinvested in additional Mutual Fund Units, unless a Unitholder instructs the Manager to pay the distribution in cash.
***Cashable GICs are typically redeemable after a 30-day hold period, as opposed to non-cashable GICs, which tend to offer higher interest rates but are locked in until the maturity date, with redemption penalties for early withdrawal.
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’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 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.
Guardian’s Sustainable Funds and GEM Pools 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.
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 HoldingsAs of 10/31/2024
Ranks | Holdings | % Asset Mix |
---|---|---|
1 | UNITED STATES TREASURY BILL (USD) | 11.55 |
2 | UNITED STATES TREASURY BILL (USD) | 9.58 |
3 | UNITED STATES TREASURY BILL (USD) | 9.51 |
4 | UNITED STATES TREASURY BILL (USD) | 8.70 |
5 | UNITED STATES TREASURY BILL (USD) | 8.22 |
6 | UNITED STATES TREASURY BILL (USD) | 7.97 |
7 | UNITED STATES TREASURY BILL (USD) | 7.23 |
8 | UNITED STATES TREASURY BILL (USD) | 6.82 |
9 | UNITED STATES TREASURY BILL (USD) | 5.91 |
10 | UNITED STATES TREASURY BILL (USD) | 4.84 |
As of 10/31/2024
As of 10/31/2024
*Please note that a Fund will not be assigned a fund-level Sustainability Rating 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 Sustainability Rating for Fund 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.
For this reason a “money market” fund will generally not receive a Morningstar® Sustainability Rating.
A copy of the Fund’s prospectus or the 12 month history of the Fund's Morningstar® Sustainability rating, rankings and scores based on the Morningstar® Sustainability Rating for Funds Methodology may be obtained, free of charge, by contacting us at 1 (866) 383-6546 or insights@guardiancapital.com or by visiting our website at: https://www.guardiancapital.com/investmentsolutions/esg-historical-data/
Morningstar® Sustainability Ratings and scores 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 Fund’s Morningstar® Sustainability 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 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 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.
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’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 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.
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.
SI | $3.0866 |
2024 | $1.9116 |
Oct-31 | $0.2009 |
Sep-27 | $0.21 |
Jul-31 | $0.214 |
Jun-28 | $0.214 |
May-31 | $0.214 |
Apr-30 | $0.214 |
Mar-28 | $0.2145 |
Feb-29 | $0.215 |
Jan-31 | $0.2152 |
2023 | $1.175 |
Dec-29 | $0.2175 |
Nov-30 | $0.217 |
Oct-31 | $0.2146 |
Sep-29 | $0.2146 |
Aug-31 | $0.3113 |
For press releases on distributions please click here.
DisclaimerThis distribution data is for informational purposes only and should not be construed to be tax advice. Please consult with your own tax advisor for advice.
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.
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. 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.
Reinvested distributions are not paid in cash but instead remain invested in the Fund. 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 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. Future distribution dates may be amended at any time.