Overview
Daily NAV
$9.82
0.06% $0.01
June 11, 2025
-
Inception DateNovember 6, 2024
-
Fund Size$21.88MM
-
Management Fee1.95%
-
Performance Fee20.00% ^
-
Hurdle Rate2.00%
-
High Water MarkYes
-
DistributionsMonthly
-
Fund StrategyAlternative Investment Grade
-
Fund FrameworkAlternative Mutual Fund (Simplified Prospectus)
Risk: Low
Low
Low to Medium
Medium
Medium to High
High
^ of performance above a 2% hurdle rate with a perpetual high water mark
Investment Objective
The investment objective of the Fund is to enhance yield and return potential through exposure to high-quality, investment-grade credit. The Fund invests primarily in North American investment grade corporate and government debt securities.
Why Invest
FLEXIBLE AND RESILIENT INVESTMENT GRADE STRATEGY
Diversified return sources, targeting higher than corporate bond return with less volatility through cycles
EXPANSIVE HEDGING TOOLS
Designed to hedge the risks associated with income investing such as rate, credit and currency.
BENEFIT FROM PROVEN MANAGERS
With experience running Authentic Hedge® strategies for over a decade.
Diversified return sources, targeting higher than corporate bond return with less volatility through cycles
EXPANSIVE HEDGING TOOLS
Designed to hedge the risks associated with income investing such as rate, credit and currency.
BENEFIT FROM PROVEN MANAGERS
With experience running Authentic Hedge® strategies for over a decade.
Performance As at May 31, 2025
As this fund is new, this information is not available.
Portfolio Allocations As at April 30, 2025
Sector Allocation
Geographic Allocation (Net)
Credit Ratings
Security Type Allocation
Top 10 Long Positions
| Name | Weight |
|---|---|
| Ford Credit Canada Co 5.046% 09Jan32 | 6.75% |
| Ford Credit Canada Co 7% 10Feb26 | 6.17% |
| Videotron Ltd 5.625% 15Jun25 | 6.06% |
| Thomson Reuters Corp 2.239% 14May25 | 6.05% |
| Royal Bank of Canada Frn 24Feb81 | 5.95% |
| Canadian Imperial Bank of Canada Frn 28Jan28 | 5.85% |
| Royal Bank of Canada Frn 24Nov80 | 5.78% |
| Allied Properties Real Estate Frn 07Apr27 | 5.71% |
| Bank of Nova Scotia Frn 04Aug26 | 5.71% |
| Canadian Imperial Bank of Canada Frn 02Apr35 | 5.69% |
Exposure Breakout ±±
| Name | Weight |
|---|---|
| Long | 128.41% |
| Short | -67.94% |
| Gross | 196.36% |
| Net | 60.47% |
±± Exposure Breakout categories are shown as market values, except where indicated. Notional represents the total underlying notional exposure of the derivatives positions.
Fundamental Metrics
| Fund | Benchmark | |
|---|---|---|
| Weighted Average Modified Duration | 1.11 | 5.60 |
| Credit Rating | BBB | – |
| Issuers | 42 | 1093 |
| Yield To Maturity | 4.63% | 5.33% |
Fees
| Series | Management Fee | Fund codes |
|---|---|---|
| Class A | 1.95% | PIC 3400 |
| Class F | 0.95% | PIC 3401 |
| ETF | 0.95% | PFIG |
Historical Net Asset Values
Start Date
End Date
| Effective Date | Net Asset Value | Distributions |
|---|---|---|
| 2025-06-11 | $9.82 | — |
| 2025-06-10 | $9.81 | — |
| 2025-06-09 | $9.81 | — |
| 2025-06-06 | $9.81 | — |
| 2025-06-05 | $9.81 | — |
| 2025-06-04 | $9.80 | — |
| 2025-06-03 | $9.79 | — |
| 2025-06-02 | $9.79 | — |
| 2025-05-30 | $9.79 | — |
| 2025-05-29 | $9.79 | — |
| 2025-05-28 | $9.78 | — |
| 2025-05-27 | $9.77 | — |
| 2025-05-26 | $9.77 | — |
| 2025-05-23 | $9.77 | — |
| 2025-05-22 | $9.76 | 0.0613 |
| 2025-05-21 | $9.82 | — |
| 2025-05-20 | $9.82 | — |
| 2025-05-16 | $9.82 | — |
| 2025-05-15 | $9.82 | — |
| 2025-05-14 | $9.80 | — |
| 2025-05-13 | $9.80 | — |
| 2025-05-12 | $9.79 | — |
| 2025-05-09 | $9.78 | — |
| 2025-05-08 | $9.78 | — |
| 2025-05-07 | $9.78 | — |
| 2025-05-06 | $9.77 | — |
| 2025-05-05 | $9.77 | — |
| 2025-05-02 | $9.77 | — |
| 2025-05-01 | $9.77 | — |
| 2025-04-30 | $9.77 | — |
| 2025-04-29 | $9.77 | — |
| 2025-04-28 | $9.77 | — |
| 2025-04-25 | $9.77 | — |
| 2025-04-24 | $9.76 | — |
| 2025-04-23 | $9.76 | — |
| 2025-04-22 | $9.75 | 0.0645 |
| 2025-04-21 | $9.81 | — |
| 2025-04-17 | $9.81 | — |
| 2025-04-16 | $9.82 | — |
| 2025-04-15 | $9.82 | — |
| 2025-04-14 | $9.82 | — |
| 2025-04-11 | $9.81 | — |
| 2025-04-10 | $9.82 | — |
| 2025-04-09 | $9.82 | — |
| 2025-04-08 | $9.84 | — |
| 2025-04-07 | $9.85 | — |
| 2025-04-04 | $9.87 | — |
| 2025-04-03 | $9.85 | — |
| 2025-04-02 | $9.85 | — |
| 2025-04-01 | $9.85 | — |
| 2025-03-31 | $9.85 | — |
| 2025-03-28 | $9.85 | — |
| 2025-03-27 | $9.85 | — |
| 2025-03-26 | $9.85 | — |
| 2025-03-25 | $9.85 | — |
| 2025-03-24 | $9.85 | — |
| 2025-03-21 | $9.85 | 0.0617 |
| 2025-03-20 | $9.90 | — |
| 2025-03-19 | $9.90 | — |
| 2025-03-18 | $9.90 | — |
| 2025-03-17 | $9.90 | — |
| 2025-03-14 | $9.90 | — |
| 2025-03-13 | $9.90 | — |
| 2025-03-12 | $9.91 | — |
| 2025-03-11 | $9.91 | — |
| 2025-03-10 | $9.91 | — |
| 2025-03-07 | $9.91 | — |
| 2025-03-06 | $9.91 | — |
| 2025-03-05 | $9.91 | — |
| 2025-03-04 | $9.91 | — |
| 2025-03-03 | $9.91 | — |
| 2025-02-28 | $9.92 | — |
| 2025-02-27 | $9.92 | — |
| 2025-02-26 | $9.92 | — |
| 2025-02-25 | $9.92 | — |
| 2025-02-24 | $9.92 | — |
| 2025-02-21 | $9.92 | — |
| 2025-02-20 | $9.92 | 0.0523 |
| 2025-02-19 | $9.97 | — |
| 2025-02-18 | $9.97 | — |
| 2025-02-14 | $9.97 | — |
| 2025-02-13 | $9.96 | — |
| 2025-02-12 | $9.96 | — |
| 2025-02-11 | $9.96 | — |
| 2025-02-10 | $9.96 | — |
| 2025-02-07 | $9.95 | — |
| 2025-02-06 | $9.95 | — |
| 2025-02-05 | $9.96 | — |
| 2025-02-04 | $9.96 | — |
| 2025-02-03 | $9.95 | — |
| 2025-01-31 | $9.96 | — |
| 2025-01-30 | $9.97 | — |
| 2025-01-29 | $9.97 | — |
| 2025-01-28 | $9.97 | — |
| 2025-01-27 | $9.97 | — |
| 2025-01-24 | $9.98 | — |
| 2025-01-23 | $9.98 | 0.0413 |
| 2025-01-22 | $10.02 | — |
| 2025-01-21 | $10.03 | — |
| 2025-01-20 | $10.03 | — |
| 2025-01-17 | $10.02 | — |
| 2025-01-16 | $10.02 | — |
| 2025-01-15 | $10.02 | — |
| 2025-01-14 | $10.01 | — |
| 2025-01-13 | $10.01 | — |
| 2025-01-10 | $10.02 | — |
| 2025-01-09 | $10.03 | — |
| 2025-01-08 | $10.03 | — |
| 2025-01-07 | $10.03 | — |
| 2025-01-06 | $10.02 | — |
| 2025-01-03 | $10.02 | — |
| 2025-01-02 | $10.02 | — |
| 2024-12-31 | $10.01 | — |
| 2024-12-30 | $10.01 | — |
| 2024-12-27 | $10.01 | — |
| 2024-12-24 | $10.00 | — |
| 2024-12-23 | $10.01 | — |
| 2024-12-20 | $10.00 | 0.0613 |
| 2024-12-19 | $10.07 | — |
| 2024-12-18 | $10.06 | — |
| 2024-12-17 | $10.06 | — |
| 2024-12-16 | $10.06 | — |
| 2024-12-13 | $10.05 | — |
| 2024-12-12 | $10.05 | — |
| 2024-12-11 | $10.06 | — |
| 2024-12-10 | $10.06 | — |
| 2024-12-09 | $10.06 | — |
| 2024-12-06 | $10.05 | — |
| 2024-12-05 | $10.04 | — |
| 2024-12-04 | $10.04 | — |
| 2024-12-03 | $10.04 | — |
| 2024-12-02 | $10.04 | — |
| 2024-11-29 | $10.03 | — |
| 2024-11-28 | $10.03 | — |
| 2024-11-27 | $10.02 | — |
| 2024-11-26 | $10.02 | — |
| 2024-11-25 | $10.02 | — |
| 2024-11-22 | $10.01 | — |
| 2024-11-21 | $10.00 | — |
| 2024-11-20 | $10.01 | — |
| 2024-11-19 | $10.00 | — |
| 2024-11-18 | $10.00 | — |
| 2024-11-15 | $10.00 | — |
| 2024-11-14 | $10.00 | — |
| 2024-11-13 | $10.00 | — |
| 2024-11-12 | $10.00 | — |
| 2024-11-11 | $10.00 | — |
| 2024-11-08 | $10.00 | — |
| 2024-11-07 | $10.00 | — |
| 2024-11-06 | $10.00 | — |
Portfolio Management
Jason Young
Portfolio Manager, Fixed Income
*Investment Risk Rating is the historical volatility risk as measured by the standard deviation of fund performance, which is the standard methodology outlined in Appendix F Investment Risk Classification Methodology to NI 81-102 Investment Funds.