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Purpose
An actively managed North American equity fund: 35 stocks, 74% Canada, unhedged, for 0.75% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Actively managed global portfolio with a Canada tilt. Canada is the largest regional weight at 73.6%. Results reflected both that positioning and individual stock selection.
Top holding: Bank of Nova Scotia 5.3% (broad) · Top sector: Financials 31.7% (sector-tilted) · Top region: Canada 73.6% (region-tilted)
Financials 31.7%·Energy 12.8%·Industrials 10.4%·Healthcare 9.1%·Consumer Staples 8.9%·Other 6.5%·Other (locked) 20.7%
Canada 73.6%·United States 22.1%·Europe 4.3%
Source: fund provider disclosure.
The management fee was 0.75% a year, or about $75 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 eligible Canadian dividends
The full distribution tax character across 8 years, 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 | $102M· net assets |
| Leverage / overlay | None |
What moved the price
| Ticker | RDE.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Dividend & Income |
| Provider | Purpose |
| Mgmt fee | 0.75% |
Compare RDE.NE→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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