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Alternative Credit Focus
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|
NAVPS (05-02-2024) |
$10.37 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at March 31, 2024
As at September 30, 2023
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Inception Return (June 24, 2019): 3.03%
| 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 | 0.42% | 2.36% | 4.74% | 2.36% | 8.67% | 5.97% | 3.13% | 4.37% | - | - | - | - | - | - |
| Benchmark | 0.48% | -1.28% | 6.84% | -1.28% | 1.93% | -0.14% | -1.50% | -0.83% | 0.22% | 1.02% | 1.12% | 1.15% | 1.09% | 2.01% |
| Category Average | 0.82% | 6.16% | 6.16% | 1.92% | 6.88% | 3.42% | 2.11% | 5.50% | - | - | - | - | - | - |
| Category Rank | 95 / 120 | 57 / 120 | 91 / 119 | 57 / 120 | 41 / 116 | 19 / 102 | 19 / 75 | 34 / 52 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 2 | 4 | 2 | 2 | 1 | 2 | 3 | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.84% | 0.42% | 0.63% | 0.86% | 0.33% | 0.63% | 0.18% | 1.00% | 1.13% | 0.98% | 0.94% | 0.42% |
| Benchmark | 0.90% | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% |
2.09% (June 2020)
-6.19% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 1.31% | 0.23% | -0.55% | 7.77% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | 4 | 4 | 2 | 2 |
| Category Rank | - | - | - | - | - | - | 45/ 47 | 65/ 75 | 27/ 98 | 36/ 116 |
7.77% (2023)
-0.55% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 149.59 |
| Cash and Equivalents | 64.91 |
| Foreign Corporate Bonds | 11.87 |
| Canadian Bonds - Other | 6.88 |
| Canadian Equity | 1.56 |
| Other | -134.81 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 64.91 |
| Fixed Income | 33.71 |
| Financial Services | 1.56 |
| Other | -0.18 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| CDX.NA.IG.41 - Contra | - |
| Bank of Montreal 4.34% 05-Oct-2028 | - |
| National Bank of Canada 2.58% 03-Feb-2025 | - |
| Toronto-Dominion Bank 3.11% 22-Apr-2025 | - |
| Canadian Imperial Bank Commrce 2.95% 19-Jun-2024 | - |
| Goldman Sachs Group Inc 5.95% 29-Apr-2024 | - |
| Bank of America Corp 2.93% 25-Apr-2024 | - |
| Royal Bank of Canada 1.94% 01-May-2025 | - |
| Bank of Nova Scotia 2.84% 03-Jul-2024 | - |
| Morgan Stanley 3.00% 07-Feb-2024 | - |
YTM Capital Fixed Income Alternative Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.68% | - | - |
|---|---|---|---|
| Beta | 0.11% | - | - |
| Alpha | 0.03% | - | - |
| Rsquared | 0.07% | - | - |
| Sharpe | 0.19% | - | - |
| Sortino | 0.06% | - | - |
| Treynor | 0.05% | - | - |
| Tax Efficiency | 64.79% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.06% | 2.68% | - | - |
| Beta | 0.06% | 0.11% | - | - |
| Alpha | 0.08% | 0.03% | - | - |
| Rsquared | 0.15% | 0.07% | - | - |
| Sharpe | 3.40% | 0.19% | - | - |
| Sortino | - | 0.06% | - | - |
| Treynor | 0.60% | 0.05% | - | - |
| Tax Efficiency | 70.50% | 64.79% | - | - |
| Start Date | June 24, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $166 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| YTM401 |
The Fund seeks to provide maximum risk adjusted returns over the long term and to preserve capital, by investing primarily in fixed-income securities, cash, and by entering into derivatives arrangements. It will use alternative strategies including engaging in physical short sales, cash borrowing for investment purposes, and using derivatives, in the process creating leverage.
YTM’s strategies are intended to mitigate the impact of market corrections and to deliver returns based on YTM’s expertise in evaluating credit markets.
| Name | Start Date |
|---|---|
| YTM Capital Asset Management Ltd. | 05-22-2019 |
| Fund Manager | YTM Capital Asset Management Ltd. |
|---|---|
| Advisor | YTM Capital Asset Management Ltd. |
| Custodian | BMO Nesbitt Burns Inc |
| Registrar | SGGG Fund Services Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 2,000 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 3.27% |
|---|---|
| Management Fee | 1.90% |
| 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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