TORONTO, June 19, 2026 – Guardian Capital LP, the Manager for the Guardian Strategic Income Fund, has announced a strategic decision to waive the performance fee applicable to all series of the fund, including its Exchange Traded Fund (ETF) units, identified by the ticker GSIF on Cboe. This announcement, made on June 19, 2026, signifies a direct financial adjustment for investors in the fund.
The performance fee, typically levied when a fund manager achieves certain performance benchmarks, will not be charged by Guardian Capital LP for the foreseeable future. The Manager has explicitly stated that this waiver is at its discretion and reserves the right to reinstate the performance fee at any time. This provides Guardian Capital LP with flexibility in its fee structure, potentially in response to market conditions or fund performance objectives.
About Guardian Capital LP and its Parent Company
Guardian Capital LP operates as both the manager and portfolio manager for a suite of investment products, including the Guardian Capital Funds and Guardian Capital ETFs. The firm’s expertise spans a diverse range of asset classes, international markets, and specialized investment mandates. Beyond its retail and ETF offerings, Guardian Capital LP also manages substantial portfolios for a variety of institutional clients. These include defined benefit and defined contribution pension plans, insurance companies, foundations, endowments, and other investment funds.
Guardian Capital LP is an indirect, wholly owned subsidiary of Desjardins Global Asset Management Inc. (DGAM). DGAM itself is a significant entity within the broader Desjardins Group. This affiliation places Guardian Capital LP within a larger, established financial services organization, offering potential synergies and a robust operational framework.
Desjardins Global Asset Management’s Role
Founded in 1998, Desjardins Global Asset Management has grown to become one of Canada’s prominent asset management firms. DGAM boasts in-house capabilities across a spectrum of investment strategies, encompassing equities, fixed income, private equity, and real assets. Their expertise extends to infrastructure and real estate, and they manage assets through various investment vehicles. The firm’s client base is primarily institutional, serving insurance companies, pension funds, endowment funds, non-profit organizations, and corporations throughout Canada.
With operational hubs in Montréal, Lévis, and Toronto, DGAM employs a team of over 100 investment professionals. Their approach emphasizes collaboration, innovation, accessibility, and discipline to craft bespoke investment solutions tailored to client-specific requirements. A key aspect of DGAM’s investment process is the integration of Desjardins’ cooperative values, aiming to foster the sustainable and responsible growth of its partners’ and clients’ assets.
Strategic Implications of the Fee Waiver
The decision by Guardian Capital LP to waive performance fees on the Guardian Strategic Income Fund, including its ETF units (GSIF), is a notable development for investors. While the specific reasons for the waiver are not detailed beyond the Manager’s discretion, such actions can often be influenced by several factors. These may include a desire to attract new assets, retain existing investors during periods of market volatility, or to enhance the fund’s net performance relative to its benchmarks and competitors. For investors in GSIF, this waiver directly translates to a reduction in the overall cost of investing in the fund, potentially boosting net returns.
The Guardian Strategic Income Fund, as its name suggests, likely focuses on generating income through a diversified portfolio of income-producing assets. The performance fee waiver could be a strategic move to make the fund more competitive in the income-focused segment of the market, where investors are often highly sensitive to fees. The Manager’s ability to reinstate the fee at any time means that investors should remain aware of potential future changes to the fund’s fee structure. Further details regarding the fund’s investment strategy and any potential impact of this fee adjustment on its long-term objectives would typically be available in the fund’s prospectus or through direct communication from Guardian Capital LP.
Contact information for Guardian Capital LP includes Mark Noble, reachable by telephone at +1-416-350-8109 or via email at [email protected]. The firm’s corporate address is Commerce Court West, Suite 2700, 199 Bay Street, PO Box 201, Toronto, Ontario, M5L 1E8.
