Guardian Capital LP (“
Guardian Capital”) is
pleased to announce the launch of exchange traded fund
(“
ETF”) series of each of Guardian i3
International Quality Growth Fund and Guardian Strategic Income
Fund, and the launch of Series A, F and I mutual fund series of
Guardian i3 US Quality Growth Fund (together with Guardian i3
International Quality Growth Fund and Guardian Strategic Income
Fund, the “
Guardian Funds”).
Each of Guardian i3 International Quality Growth
Fund and Guardian Strategic Income Fund has closed its initial
offering of ETF Units, and the units are expected to commence
trading on Cboe Canada Inc. (“Cboe”) when the
market opens this morning. The mutual fund series of Guardian i3 US
Quality Growth Fund are also available for purchase effective
immediately.
These new series launches represent a
continuation of Guardian Capital’s ongoing effort to provide
investors and their advisors with convenient access to our
professional-managed investment mandates in various vehicle types
that best suit their needs and preferences.
In launching these new series, Guardian Capital
aims to provide investors with exposure to actively managed
products with attractive performance profiles*.
Additional details about the new series launches
are set out in the table below:
Guardian Fund |
New Series |
Overview |
Management Fee1 |
Administration Fee1 |
Distribution Frequency |
Guardian i3 International Quality Growth Fund |
ETF Series (Cboe: GIQI) |
The primary objective of the Guardian Fund is the achievement of
long-term growth of capital primarily through investment in equity
and equity-related securities of issuers outside of North America.
The Guardian Fund maintains a mid-large capitalization bias and is
broadly diversified by issuer, sector and geographic region,
seeking to isolate stock selection as the primary source of
alpha. |
0.65% |
0.19% |
Income and Capital Gains - Annually |
Guardian i3 US Quality Growth Fund(prior to September 19, 2024,
Guardian i3 US Quality Growth ETF) |
Series A |
The primary objective of the Guardian Fund is the achievement of
long-term capital appreciation by investing in a portfolio of
equity or equity-related securities of issuers based in the U.S.
with business operations potentially located throughout the world.
The Guardian Fund maintains a mid-large capitalization bias and is
broadly diversified by issuer, sector and geographic region,
seeking to isolate stock selection as the primary source of
alpha. |
1.55% |
0.18% |
Quarterly, if any |
Series F |
0.55% |
0.18% |
Series I |
N/A2 |
0.18% |
Guardian Strategic Income Fund4 |
ETF Series (Cboe: GSIF) |
The Guardian Fund is an Alternative Mutual Fund3 with its primary
objectives being to generate capital gains, preserve capital and
make monthly distributions by investing primarily in securities
that can benefit from changes to interest rates and credit spreads.
The Guardian Fund aims to maintain low volatility and low
correlation with traditional equity and fixed income markets. |
0.85% |
0.20% |
Income, Capital Gains or Capital – MonthlyCapital Gains -
Annually |
1 Plus applicable taxes.2 No management fee is payable by the
investor or the Guardian Fund in respect of the Series I Mutual
Fund Units. Instead, an investment advisory fee is negotiated and
paid directly by each Series I Mutual Fund Unit investor.3 This
Guardian Fund is an alternative mutual fund. It is permitted to
invest in asset classes or use investment strategies that are not
permitted for other types of mutual funds. The specific strategies
that differentiate this Guardian Fund from other types of mutual
funds include borrowing cash, engaging in short selling and
investing in specified derivatives. While these strategies will be
used in accordance with the Guardian Fund's objectives and
strategies, during certain market conditions they may accelerate
the pace at which your investment decreases in value.4 The Guardian
Fund also pays a performance fee to the manager based on the
investment performance of the Guardian Fund. Please refer to
the Guardian Fund’s prospectus for additional details. |
i3
Investments
Guardian i3 International Quality Growth Fund
and Guardian i3 US Quality Growth Fund are managed by Guardian
Capital’s i3 Investments team, which uses an investment process
that combines innovative A.I.-driven investment analysis with
traditional human portfolio management in an effort to deliver
superior risk-adjusted returns.
“Guardian Capital’s i3 Investments team has been
at the forefront in using new technology, which includes the
increasing use of artificial intelligence, to improve security
selection,” said Barry Gordon, Managing Director, Head of Retail
Asset Management, Guardian Capital LP. “Many Canadian advisors and
investors are probably well aware of how successful this team has
been in managing global equity portfolios, but we have seen similar
performance profiles in both International and U.S. equity
selection. We are excited to offer increased access to these
strategies in mutual fund and ETF formats.”
Guardian Strategic Income
Fund
Guardian Strategic Income Fund is a liquid
alternative mutual fund with a track record of positive returns.
With a track record longer than 11 years, it stands as one of
Canada’s oldest fixed-income focused liquid alternative mandates
and has been available via prospectus since 2019.
“Our fixed income team continues to deliver
strong results for clients, particularly with increasing complexity
in the market, and we believe our Strategic Income Fund may provide
investors with an uncorrelated source of returns within their
portfolios,” said Mr. Gordon. “This mandate underscores the
importance of having access to alternative solutions in Fixed
Income. The team generally uses the alternative investment fund
structure to reduce volatility and risk, which helped them deliver
strong relative returns during the recent periods of fixed income
volatility.”
In addition to ETF Units, each of Guardian i3
International Quality Growth Fund and Guardian Strategic Income
Fund already offers Series A Mutual Fund Units, Series F Mutual
Fund Units and Series I Mutual Fund Units. Guardian i3 US Quality
Growth Fund already offers Hedged and Unhedged ETF Units (TSX:
GIQU, GIQU.B). Units of the Guardian Funds are denominated in
Canadian dollars.
For further information regarding the Guardian
Funds, please visit www.guardiancapital.com (for Series I mutual
fund units) or www.guardiancapital.com/investmentsolutions (for all
other series of units).
*Annual Compound Returns (%) as of
August 31, 20241
Guardian Fund, Series |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
Inception Date |
Guardian i3 International Quality Growth Fund2 |
|
|
|
|
|
|
Series A Mutual Fund Units |
22.79 |
3.58 |
n/a |
n/a |
5.31 |
2021-07-05 |
Series I Mutual Fund Units |
25.09 |
5.54 |
9.20 |
8.09 |
6.45 |
2003-12-31 |
Guardian Strategic Income Fund3 |
|
|
|
|
|
|
Series A Mutual Fund Units |
9.43 |
2.59 |
2.69 |
3.28 |
4.35 |
2013-05-31 |
Series F Mutual Fund Units |
10.66 |
3.72 |
3.80 |
4.38 |
5.40 |
2013-05-31 |
Series I Mutual Fund Units |
11.63 |
4.63 |
4.65 |
n/a |
5.66 |
2015-11-06 |
Guardian i3 US Quality Growth Fund |
|
|
|
|
|
|
Hedged ETF Units |
30.94 |
3.57 |
n/a |
n/a |
9.91 |
2020-08-11 |
Unhedged ETF Units |
31.49 |
7.47 |
n/a |
n/a |
11.37 |
2020-08-11 |
1 The indicated rates of return are the
historical annual compounded total returns including changes in
unit value and reinvestment of all distributions and do not take
into account sales, redemption, distribution or optional charges or
income taxes payable by any unitholder that would have reduced
returns. Past performance is not indicative of future results.
2 In accordance with regulatory requirements,
investment performance for the Series F Mutual Fund Units of
Guardian i3 International Quality Growth Fund cannot be shown as
they have less than 12 months of performance history. The
performance data provided for the Series I Mutual Fund Units of
Guardian i3 International Quality Growth Fund includes performance
during a period when the fund was not a reporting issuer (the
period prior to March 30, 2011). The expenses of Guardian i3
International Quality Growth Fund could have been higher during the
applicable period had the fund been subject to the additional
regulatory requirements applicable to a reporting issuer. Guardian
Capital filed for and obtained exemptive relief on behalf of the
fund to permit the disclosure of performance data since inception
of the private fund. The Series I Mutual Fund Units do not charge a
management fee, commission or trailer fee. Series I Mutual Fund
Units are also subject to the minimum investment requirements set
forth in the prospectus for the Guardian Fund and are only eligible
to be purchased in certain circumstances. Series A and F Mutual
Fund Units have different management fees, commissions and trailer
fees, as applicable, and performance will be lower on that series
as a result.
3 The performance data provided for the Series A
Mutual Fund Units, Series F Mutual Fund Units and Series I Mutual
Fund Units of Guardian Strategic Income Fund includes performance
during a period when the fund was not a reporting issuer (the
period prior to December 13, 2019). The expenses of Guardian
Strategic Income Fund could have been higher during the applicable
period had the fund been subject to the additional regulatory
requirements applicable to a reporting issuer. Guardian Capital
filed for and obtained exemptive relief on behalf of the fund to
permit the disclosure of performance data since inception of the
private fund. The Series I Mutual Fund Units do not charge a
management fee, commission or trailer fee. Series I Mutual Fund
Units are also subject to the minimum investment requirements set
forth in the prospectus for the Guardian Fund and are only eligible
to be purchased in certain circumstances. Series A and F Mutual
Fund Units have different management fees, commissions and trailer
fees, as applicable, and performance will be lower on those series
as a result.
About Guardian Capital LP
Guardian Capital LP is the manager and portfolio
manager of the Guardian Capital Funds and Guardian Capital ETFs,
with capabilities that span a range of asset classes, geographic
regions and specialty mandates. Additionally, Guardian Capital LP
manages portfolios for institutional clients such as defined
benefit and defined contribution pension plans, insurance
companies, foundations, endowments and investment funds. Guardian
Capital LP is a wholly owned subsidiary of Guardian Capital Group
Limited and the successor to its original investment management
business, which was founded in 1962. For further information on
Guardian Capital LP, please call 416-350-8899 or visit
www.guardiancapital.com.
About Guardian Capital Group
Limited
Guardian Capital Group Limited
(“Guardian”) is a global investment management
company servicing institutional, retail and private clients through
its subsidiaries. As at June 30, 2024, Guardian had C$58.6 billion
of total client assets while managing a proprietary investment
portfolio with a fair market value of C$1.1 billion. On July 2,
2024, Guardian completed its acquisition of Sterling Capital
Management, LLC, a Charlotte, North Carolina-based investment
management firm, adding approximately C$104.0 billion (US$76.0
billion) in client assets. Founded in 1962, Guardian’s reputation
for steady growth, long-term relationships and its core values of
authenticity, integrity, stability and trustworthiness have been
key to its success over six decades. Its Common and Class A shares
are listed on the Toronto Stock Exchange as GCG and GCG.A,
respectively. To learn more about Guardian, visit
www.guardiancapital.com.
CONTACT INFORMATION
Guardian Capital LP Richard BritnellTelephone:
+1-416-350-3117 Email: rbritnell@guardiancapital.com
Guardian Capital LP Commerce Court West Suite
2700, 199 Bay Street PO Box 201 Toronto, Ontario M5L 1E8
Caution Concerning Forward-Looking
Statements
Certain information included in this press
release constitutes forward-looking information within the meaning
of applicable Canadian securities laws. All information other than
statements of historical fact may be forward-looking information.
Forward-looking information is often, but not always, identified by
the use of forward-looking terminology such as “outlook”,
“objective”, “may”, “will”, “would”, “expect”, “intend”,
“estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”,
or similar expressions suggesting future outcomes or events or the
negative thereof. Forward-looking information in this press release
includes, but is not limited to, statements with respect to
management’s beliefs, plans, estimates, and intentions, and similar
statements concerning anticipated future events, results,
circumstances, performance or expectations. Such forward-looking
information reflects management’s beliefs and is based on
information currently available. Certain material factors and
assumptions were applied in providing this forward-looking
information. All forward-looking information in this press release
is qualified by the following cautionary statements.
Although Guardian Capital believes that the
expectations reflected in such forward-looking information are
reasonable, such information involves known and unknown risks and
uncertainties which may cause actual performance and results in
future periods to differ materially from any estimates or
projections of future performance or results expressed or implied
by such forward-looking information. Important factors that could
cause actual results to differ materially include but are not
limited to: general economic and market conditions, including
interest rates, business competition, changes in government
regulations or in tax laws, the outbreak and severity of pandemics,
such as COVID 19, military conflicts in various parts of the world,
the failure to satisfy any applicable stock exchange requirements,
as well as those risk factors discussed or referred to in the
Guardian Funds’ prospectus and the disclosure documents filed by
Guardian Capital with the securities regulatory authorities in the
provinces and territories of Canada and available at
www.sedarplus.com. The reader is cautioned to consider these
factors, uncertainties and potential events carefully and not to
put undue reliance on forward-looking information, as there can be
no assurance that actual results will be consistent with such
forward-looking information.
The forward-looking information contained in
this press release is presented as of the preparation date of this
press release and should not be relied upon as representing
Guardian Capital’s views as of any date subsequent to the date of
this press release. Guardian Capital undertakes no obligation,
except as required by applicable law, to publicly update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise.
This communication is intended for informational
purposes only and does not constitute an offer to sell or the
solicitation of an offer to purchase Guardian Funds and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Commissions,
management fees and expenses all may be associated with investments
in Guardian Funds. Please read the prospectus before investing.
ETFs and mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. You will
usually pay brokerage fees to your dealer if you purchase or sell
units of an ETF on the Toronto Stock Exchange or Cboe. If the units
are purchased or sold on the Toronto Stock Exchange or Cboe,
investors may pay more than the current net asset value when buying
units of the ETF and may receive less than the current net asset
value when selling them.
All trademarks, registered and unregistered, are
owned by Guardian Capital Group Limited and are used under
licence.
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