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Fund Price: $11.78 (as at September 22, 2017)  1-day chg: $.0087 0.07%  YTD: 0.33%

Returns as at August 31, 2017

  Fund Group Avg Index*
1 Month 1.39% 1.09% 1.09%
3 Months -1.77% -1.39% -1.45%
6 Months 0.88% 0.62% 0.59%
1 Year -1.57% -1.29% -1.34%
2 Year Avg 2.00% 1.46% 1.44%
3 Year Avg 3.15% 1.54% 1.61%
4 Year Avg 4.64% 2.62% 2.72%
5 Year Avg 3.75% 1.80% 1.82%
10 Year Avg 5.32% 3.48% 3.82%
15 Year Avg 5.44% 3.57% 3.93%
20 Year Avg - 4.06% 4.22%
Since Inception 5.37% - -
 
2016 1.91% 1.59% 1.44%
2015 3.35% 0.83% 0.97%
2014 10.10% 6.24% 6.39%
 
3 year risk 4.46 3.90 3.29
3 year beta 1.31 1.00 1.00

*Globe Canadian Fixed Income Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Fixed Income Peer Index.

Risk Measures as at August 31, 2017

Best/Worst 12 months (since inception)
Best (ending Oct 09): 17.51 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Oct 11): -2.84 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 4 High

Fund Objectives

This fund seeks to achieve a high level of income, consistent with the preservation of capital and liquidity, from a portfolio of fixed income securities. The fund will be invested primarily in liquid Canadian federal and provincial government securities and those of Canadian corporations rated �BBB� or better by Canadian Bond Rating Service Limited or Dominion Bond Rating Service Limited or given a comparable rating by another recognized rating agency. The fund may also invest in comparable fixed income securities of foreign issuers.

Fund Facts

Fund Sponsor: Ridgewood Capital Asset Management Inc.
Managed by: Ridgewood Capital Asset Management Inc.
Fund Type: MF Trust
Inception Date: February 1999
Asset Class: Canadian Fixed Income
Quartile Rank: 1 (3YR ending August 31, 2017)
Total Assets: N/A
Mgmt Exp. Ratio (MER): -
Management Fee: 1.07%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$1,000
Subsequent:
$50
Min. Invest (initial RRSP):
$1,000
Subsequent RRSP:
$50
Closed:
Yes
Restricted:
Yes
Restriction:
Not Available in PQ
 
 

Asset Allocation June 30, 2017

Bond Type June 30, 2017

Bond Term June 30, 2017

Top Holdings as at June 30, 2017

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at September 22, 2017
1 Year Performance (%)
  First Nations Bank Cda, 3.40%, JUN/26/24 Bond 4.77   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Merrill Lynch Financial Assets Inc Frn 1 Bond 4.65   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 2.90%, DEC/02/46 Bond 3.73   4.73 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Omers Realty 3.666% 05-Dec-2022 Bond 3.7   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 2.75%, DEC/01/48 Bond 3.46   9.25 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.75%, MAR/01/21 Bond 3.42   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Teranet Holdings, 5.75%, DEC/17/40 Bond 2.58   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Quebec, 3.50%, DEC/01/45 Bond 2.57   4.07 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of British Columbia, 3.30%, DEC/18/23 Bond 2.5   2.07 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of British Columbia, 3.20%, JUN/18/44 Bond 2.45   3.51 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to September 22, 2017)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Aug 31, 2017 0.0250 0.0250 0.2490 11.952
Jul 31, 2017 0.0250 0.0250 0.2465 11.813
Jun 30, 2017 0.0250 0.0250 0.2440 12.069
May 31, 2017 0.0250 0.0250 0.2415 12.244
Apr 28, 2017 0.0250 0.0250 0.2390 12.170
Mar 31, 2017 0.0250 0.0250 0.2365 12.018
Feb 28, 2017 0.0250 0.0250 0.2340 11.996
Jan 31, 2017 0.0250 0.0250 0.2315 11.893
Dec 19, 2016 0.0040 0.0040 0.2290 11.868
Nov 30, 2016 0.0225 0.0225 0.3431 12.003
Oct 31, 2016 0.0225 0.0225 0.3356 12.264
Aug 31, 2016 0.0225 0.0225 0.3431 12.396
Jul 29, 2016 0.0225 0.0225 0.3356 12.382
Jun 30, 2016 0.0225 0.0225 0.3281 12.286
May 31, 2016 0.0225 0.0225 0.3206 12.068
Apr 29, 2016 0.0225 0.0225 0.3131 11.961
Mar 31, 2016 0.0225 0.0225 0.3056 12.015

Portfolio Manager(s)

Mark Carpani

Ridgewood Capital Asset Management Inc.

Start Date: February, 1999

Fund Return: 5.37%

Mark Carpani is Senior Vice President, Fixed Income and partner at Ridgewood. He is responsible for the management of all fixed income securities. Mr. Carpani has over 19 years investment experience. Prior to joining Ridgewood in September 2008, Mr. Carpani was VP Bonds & Marketing at Mulvhill Capital Management Inc. ("MCM") for 10 years where he was principally responsible for the management of all fixed income assets, including the Ridgewood Canadian Bond Fund (MCM was the previous manager of the Canadian Bond Fund). Prior to MCM, Mr. Carpani was with Reinsurance Group of America ("RGA") as Vice President Portfolio/Risk Manager and then as Chief Operating Officer. He was responsible for managing the team involved in hedging and risk management for insurance clients. Prior to RGA Mr. Carpani was a fixed income trader at Canada Trust and its investment counselling subsidiary, CT Investment Counsel Inc. Mr. Carpani is a CFA charterholder.

View fund manager performance report