Portfolio Manager
Overview
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Asset ClassFixed Income
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CIFSC CategoryFloating Rate Loan
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Risk RatingLow to Medium
Objectives
This Fund is a fixed income fund that invests primarily in floating rate debt instruments and other short term securities of Canadian and foreign issuers.
Investment Focus
The fund seeks to achieve income returns by investing primarily in floating rate debt instruments and other short-term securities.
Fund Facts
June 30, 2026| Inception Date | March 7, 2025 |
| Currency | CAD |
| Fund AUM | $1.0 Billion |
| NAVPU | $10.03 |
| Management Fee | N/A |
| MER as of December 31, 20252 | 0.05% |
| Minimum Initial Investment | $500 |
| Minimum Subsequent Investment | $100 |
| Liquidity | N/A |
| RSP Eligible | Yes |
Credit Quality Breakdown
| AA & Higher | 46.4% |
| A | 31.6% |
| BBB | 9.1% |
| BB & Lower | 8.6% |
| Not Rated | 4.3% |
Portfolio
Top 10 Holdings
| Security | % of Fund | Rating3 |
|---|---|---|
| First National NHA MBS FRN (98101521) Mar 1, 2030 (CORRA+41) | 15.4% | AAA |
| BMO NHA MBS FRN (98101536) Mar 1, 2030 (CORRA +26.87) | 10.2% | AAA |
| Canada T-Bill Sep 23, 2026 | 4.3% | AAA |
| BNS Sr. Unsec. 3.616% Jan 30, 2031/32 | 3.2% | A |
| Corus Entertainment Inc. Revolver 7.29% Mar 20, 2027 | 3.0% | Not Rated |
| CIBC Sr. Unsec. 3.65% Jan 13, 2031/32 | 3.0% | A |
| TD Bank Sr. Unsec. 3.605% Sep 10, 2030/31 | 2.9% | A |
| Great West Life Co Inc. (AT1) 3.6% Dec 31, 2026/2081 | 2.9% | A- |
| Hertz Corp. TL B Jun 30, 2028 (SOFR+351.161)(USD) | 2.7% | B+ |
| GE Capital Corp FRN Aug 15, 2036 (Q SOFR+74.161)(USD) | 2.7% | A- |
| Total | 50.3% |
Geographic Breakdown
| Canada | 82.7% |
| USA | 17.3% |
Performance
Inception Date
March 7, 2025
As of Date
June 30, 2026
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | Since Inception (Annualized) |
| -0.2% | 1.2% | 1.0% | 3.3% | 3.6% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Quarterly |
| Most Recent Distribution per Unit | $0.0913 |
| 12-Month Trailing Distribution Yield | 3.6% |
| Next Record Date | September 17, 2026 |
| Next Distribution Date | September 18, 2026 |
Quarterly Distributions
| Record Date | Distribution Date |
|---|---|
| March 19, 2026 | March 20, 2026 |
| June 18, 2026 | June 19, 2026 |
| September 17, 2026 | September 18, 2026 |
| December 17, 2026 | December 18, 2026 |
| Distributions ($)/Unit4 | YTD* | 2025 |
|---|---|---|
| Total Distributions | 0.1865 | 0.1914 |
| Interest | - | 0.1721 |
| Dividends | - | - |
| Capital Gains | - | 0.0193 |
| Withholding Tax | - | - |