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Guardian Capital
An actively managed Canadian equity fund: 36 stocks, 99% Canada, unhedged, for 0.5% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Active equity portfolio with a Canada tilt. Canada is the dominant region at 99.1%, and that positioning was the largest geographic influence on results.
Top holding: Royal Bank of Canada 6.9% (broad) · Top sector: Financials 31.4% (sector-tilted) · Top region: Canada 99.1% (single-country)
Financials 31.4%·Industrials 16.2%·Consumer Staples 12.4%·Consumer Discretionary 12.1%·Technology 11.8%·Other 6.1%·Other (locked) 10.0%
Canada 99.1%·Emerging Markets 0.9%
Source: fund provider disclosure.
The management fee was 0.5% a year, or about $50 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
Mostly capital gains
The full distribution tax character, plus what you keep after tax in a TFSA, RRSP, or non-registered account, is on the Real Yield report card.
See the full tax breakdown →For information only, not tax advice. Tax treatment depends on your account type and personal circumstances; consult a qualified tax professional.
How durable the fund is, and what moved its price.
| Assets | $20M· net assets |
| Listed | 2021· 5 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | GCSC.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Broad Market |
| Geography | Canada |
| Provider | Guardian Capital |
| Mgmt fee | 0.50% |
Compare GCSC.TO→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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