Download Canoe Floating Rate Income Fund

November
2014
January 2016
Canoe Floating Rate Income Fund
(formerly O’Leary Floating Rate Income Fund)
Fund Details
Reasons To Own This Fund
•
•
•
Potential for attractive portfolio yield positioned to increase as interest
rates increase
Protection of short portfolio duration, under one year, limits impact of
increasing interest rates
Diversification alternative to traditional fixed income and preferred
equity investments
Investment Objective
Fund Category
Floating Rate
Fund Type
Mutual Fund Trust
Dist. Frequency
Monthly
Base Currency
CAD
The Fund’s objectives are to provide income by investing in a diversified
portfolio comprised primarily of senior floating rate loans, floating rate
notes and other floating rate securities, as well as other debt obligations, of
investment grade and non-investment grade Canadian and global issuers.
Total Holdings
66
Management Fee
- Series A
- Series F
1.45%
0.75%
Compounded Returns (%)
Minimum
Investment*
Series A
1
MTH
3
MTH
YTD
0.6
4.4
0.6
1 YR
8.4
3 YR
-
5 YR
-
Since
Incept
12.6
Series A Commenced
Operations
As At January 31, 2016. Inception June 25, 2013.
Total Net Assets
Calendar Year Returns (%)
Series A
Additional
Investment
2013*
2014
2015
3.3
9.3
17.9
Portfolio
Sub -Advisor
$1,000
$50
August 15, 2013
$124.1M
Aegon USA
Investment
Management, LLC
* From August 15, 2013 to Dec 31, 2013
Growth of $10, 000 Investment – Series A*
$13, 309
Risk Tolerance
LOW
MED
MED
HIGH
MED
HIGH
For a description of the specific risks of this
fund, please see the fund’s simplified
prospectus.
LOW
As at 12/31/15
*Since commencement of operations (August 15, 2013), which represents the
first date investors purchased units of the series.
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November
2014
January 2016
Canoe Floating Rate Income Fund
(formerly O’Leary Floating Rate Income Fund)
Fund Code & Distributions
Top Holdings (%)
Series
Fund
Code
Target
Since
Incept
A
OLF1571
$0.0275
$1.1369
B&G Foods Inc. 3.75% 05/10/2022
2.8
A (Hgd)
OLF1501
$0.0275
$0.8387
Cablevision Systems Corp 8.0% 15/04/2020
2.8
A (USD)
OLF1511
$0.0275
$0.9313
Alberstson’s LLC 5.5% 25/08/2021
2.8
F
OLF1582
$0.0350
$1.2663
Summit Materials LLC 4.25% 17/07/2022
2.8
F (Hgd)
OLF1502
$0.0350
$1.0437
Red Lobster Management LLC 6.25% 28/07/2021
2.7
F (USD)
OLF1512
$0.0350
$0.9345
Petsmart Inc. 4.25% 10/03/2022
2.7
Univar USA Inc. 4.25% 01/07/2022
2.7
Sam Finance LUX SARL 4.25% 17/12/2020
2.7
Federal-Mogul Holdings Corp. 4.75 26/11/2020
2.4
Level 3 Financing Inc. 4.1005% 15/11/2016
2.3
Bond Characteristics
As at December 31, 2105
Yield to Worst:
6.5%
Average Duration
0.31
Average Credit Rating
As at December 31, 2015
B
Asset Allocation
Geographic Allocation
Sector Allocation
As at December 31, 2015
The information contained in this report should not be considered as personal investment advice or an offer or solicitation to buy or sell
securities. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. The
performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or
optional charges or income taxes payable by any securityholder that would have reduced returnsPlease read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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