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1832 AM U.S. $ Investment Grade U.S. Corporate Bond Pool - Series I

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Global Corp Fixed Income

NAVPS
(04-26-2024) 		$9.89
Change
$0.02 (0.22%)

As at March 31, 2024

As at February 29, 2024

Period
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Legend

1832 AM U.S. $ Investment Grade U.S. Corporate Bond Pool - Series I

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Fund Returns

Inception Return (October 19, 2018): 4.02%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.09% 1.20% 7.12% 1.20% 7.40% 2.90% 0.79% 3.51% 3.14% - - - - -
Benchmark 1.10% -0.72% 7.87% -0.72% 5.14% -1.05% -2.79% 0.66% 0.74% 0.84% 1.64% 1.59% 1.65% 1.40%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.80% -0.59% 0.11% 0.86% 0.10% -1.00% -0.75% 3.59% 2.96% 0.53% -0.42% 1.09%
Benchmark 1.24% -1.89% 0.77% 0.99% -0.99% -2.62% -1.24% 5.64% 4.14% -0.47% -1.34% 1.10%

Best Monthly Return Since Inception

5.16% (April 2020)

Worst Monthly Return Since Inception

-7.43% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 12.39% 8.07% 0.01% -8.99% 9.28%
Benchmark 3.15% -3.77% 4.27% 9.26% -3.48% 11.44% 10.33% -2.95% -16.69% 9.48%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

12.39% (2019)

Worst Calendar Return (Last 10 years)

-8.99% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 87.41
Cash and Equivalents 5.68
Foreign Government Bonds 5.48
Foreign Bonds - Other 1.43

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.32
Cash and Cash Equivalent 5.68

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.47
Latin America 1.53

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 15-Feb-2027 3.87
Bristol-Myers Squibb Co 4.90% 22-Jan-2029 2.71
FS KKR Capital Corp 3.40% 15-Dec-2025 2.60
General Motors Financl Co Inc 5.80% 07-Dec-2028 2.57
Morgan Stanley 5.17% 16-Jan-2029 2.51
EQT Corp 5.75% 01-Nov-2033 2.48
Fortis Inc 3.06% 04-Jul-2026 2.37
Cenovus Energy Inc 4.25% 15-Jan-2027 2.36
Mylan Inc 4.55% 15-Jan-2028 2.34
Citigroup Inc 5.83% 13-Feb-2034 2.31

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

1832 AM U.S. $ Investment Grade U.S. Corporate Bond Pool - Series I

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.70% 6.44% -
Beta 0.60% 0.61% -
Alpha 0.01% 0.03% -
Rsquared 0.56% 0.42% -
Sharpe -0.29% 0.21% -
Sortino -0.49% 0.06% -
Treynor -0.03% 0.02% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.92% 5.70% 6.44% -
Beta 0.55% 0.60% 0.61% -
Alpha 0.04% 0.01% 0.03% -
Rsquared 0.43% 0.56% 0.42% -
Sharpe 0.51% -0.29% 0.21% -
Sortino 2.20% -0.49% 0.06% -
Treynor 0.05% -0.03% 0.02% -
Tax Efficiency 75.81% - - -

Fund Details

Start Date October 19, 2018
Instrument Type Mutual Fund
Share Class Institutional
Legal Status Trust
Sales Status Restricted
Currency USD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
BNS670

Investment Objectives

The fund's objective is to achieve moderate long term capital growth and provide regular income by investing primarily in U.S. dollar denominated investment grade corporate bonds. Any change to the fundamental investment objectives must be approved by a majority of votes cast at a meeting of unitholders called for that purpose.

Investment Strategy

The Fund seeks to achieve its investment objective by investing primarily in U.S. dollar denominated investment grade corporate bonds. The duration, curve positioning, industry sector weightings and individual security weightings will be adjusted in each segment of the credit cycle in order to preserve capital, optimize performance and potentially enhance returns.

Portfolio Manager(s)

Name Start Date
Domenic Bellissimo 10-19-2018
William (Bill) Lytwynchuk 02-20-2020

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar 1832 Asset Management L.P.
Distributor Scotia Securities Inc.
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.03%
Management Fee 1.50%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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