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Multi-Sector Fixed Income
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|
NAVPS (05-02-2024) |
$50.59 |
|---|---|
| Change |
$0.06
(0.12%)
|
As at March 31, 2024
As at March 31, 2024
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Inception Return (April 23, 2019): 2.12%
| 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 | 0.94% | 1.47% | 5.98% | 1.47% | 9.50% | 4.82% | 2.32% | 4.02% | - | - | - | - | - | - |
| Benchmark | 0.67% | 1.56% | 7.31% | 1.56% | 3.76% | 2.10% | -1.05% | -1.60% | 0.23% | 0.94% | 1.24% | 1.69% | 2.07% | 3.07% |
| Category Average | 0.93% | 6.51% | 6.51% | 0.57% | 4.70% | - | - | - | - | - | - | - | - | - |
| Category Rank | 121 / 276 | 54 / 275 | 178 / 275 | 54 / 275 | 11 / 266 | 13 / 258 | 19 / 251 | 39 / 231 | - | - | - | - | - | - |
| Quartile Ranking | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.76% | 0.12% | 0.47% | 1.27% | 0.23% | 0.44% | 0.09% | 2.04% | 2.26% | 0.42% | 0.11% | 0.94% |
| Benchmark | 1.06% | -1.59% | -2.01% | 0.30% | 1.72% | -2.75% | 1.40% | 2.81% | 1.36% | 0.46% | 0.43% | 0.67% |
2.67% (July 2022)
-7.56% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 0.08% | 0.68% | -3.60% | 9.33% |
| Benchmark | 11.01% | 16.14% | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% |
| Category Average | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | 4 | 2 | 1 | 1 |
| Category Rank | - | - | - | - | - | - | 225/ 230 | 76/ 248 | 12/ 258 | 29/ 266 |
9.33% (2023)
-3.60% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 86.28 |
| Cash and Equivalents | 9.48 |
| Mortgages | 1.79 |
| Foreign Government Bonds | 1.78 |
| International Equity | 0.70 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| Fixed Income | 89.86 |
| Cash and Cash Equivalent | 9.48 |
| Industrial Services | 0.70 |
| Other | -0.04 |
| Name | Percent |
|---|---|
| Europe | 67.90 |
| North America | 29.99 |
| Multi-National | 1.48 |
| Latin America | 0.63 |
| Name | Percent |
|---|---|
| Banco Bilbao Vizcaya Argntr SA 8.25% 31-Aug-2028 | 1.67 |
| Lloyds Banking Group PLC 8.50% PERP | 1.54 |
| CPUK Finance Ltd 5.88% 30-May-2027 | 1.54 |
| Hammerson PLC 3.50% 27-Jul-2025 | 1.48 |
| General Motors Financl Co Inc 2.35% 03-Jul-2025 | 1.47 |
| Unibail-Rodamco-Westfield SE 7.25% PERP | 1.42 |
| Grainger PLC 3.38% 24-Jan-2028 | 1.42 |
| ABN AMRO Bank NV (EUR) 6.88% 31-Dec-2049 | 1.34 |
| UBS Group AG 9.25% PERP | 1.34 |
| Last Mile Logistics Pan Euro Finance DAC 4.66% 17-Aug-2033 | 1.33 |
Evolve Active Global Fixed Income Fund Hedged Class A
Median
Other - Multi-Sector Fixed Income
| Standard Deviation | 3.95% | - | - |
|---|---|---|---|
| Beta | 0.33% | - | - |
| Alpha | 0.03% | - | - |
| Rsquared | 0.34% | - | - |
| Sharpe | -0.06% | - | - |
| Sortino | -0.21% | - | - |
| Treynor | -0.01% | - | - |
| Tax Efficiency | 80.93% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.57% | 3.95% | - | - |
| Beta | 0.21% | 0.33% | - | - |
| Alpha | 0.08% | 0.03% | - | - |
| Rsquared | 0.21% | 0.34% | - | - |
| Sharpe | 1.71% | -0.06% | - | - |
| Sortino | 24.58% | -0.21% | - | - |
| Treynor | 0.21% | -0.01% | - | - |
| Tax Efficiency | 100.00% | 80.93% | - | - |
| Start Date | April 23, 2019 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| EVF131 |
The investment objective of EARN is to generate positive returns throughout the interest rate and economic cycles, firstly by allocating to different credit asset classes, and also through bottom-up individual security selection. Effective November 1, 2021, the prospectus of EARN is hereby amended to replace references to the 3 month U.S.dollar London Interbank Offered Rate” with the “3 month U.S. dollar Secured Overnight Financing Rate”.
To achieve EARN's investment objective, EARN will invest primarily in global debt securities of corporate issuers, and will invest a minimum of 25% of the portfolio in investment grade debt securities which at the time of acquisition have a rating of at least BBB- (Standard & Poor's and Fitch) or of at least Baa3 (Moody's) or the equivalent by another Rating Agency or, if unrated, as determined by the Sub-Advisor, in its discretion, to be of comparable quality.
| Name | Start Date |
|---|---|
| Allianz Global Investors U.S. LLC | 04-23-2019 |
| Evolve Funds Group Inc. | 04-23-2019 |
| Fund Manager | Evolve Funds Group Inc. |
|---|---|
| Advisor | Evolve Funds Group Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | TSX Trust Company |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 0 |
| SWP Allowed | Yes |
| SWP Min Balance | 500 |
| SWP Min Withdrawal | 0 |
| MER | 1.73% |
|---|---|
| Management Fee | 1.40% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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