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Alternative Credit Focus
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Click for more information on Fundata’s ESG Grade
Click for more information on Fundata’s ESG Grade.
|
NAVPS (05-02-2024) |
$9.70 |
|---|---|
| Change |
$0.01
(0.14%)
|
As at March 31, 2024
As at February 29, 2024
As at February 29, 2024
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Inception Return (July 10, 2019): 5.90%
| 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 | 1.63% | 3.38% | 9.35% | 3.38% | 12.58% | 7.10% | 4.76% | 10.70% | - | - | - | - | - | - |
| 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 | 9 / 120 | 17 / 120 | 6 / 119 | 17 / 120 | 3 / 116 | 14 / 102 | 7 / 75 | 3 / 52 | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.85% | 0.38% | 1.34% | 1.10% | -0.63% | -0.11% | 0.26% | 3.33% | 2.09% | 1.20% | 0.51% | 1.63% |
| 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% |
7.07% (April 2020)
-16.63% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 7.71% | 4.05% | 0.44% | 8.35% |
| 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 | - | - | - | - | - | - | 2 | 2 | 1 | 2 |
| Category Rank | - | - | - | - | - | - | 20/ 47 | 24/ 75 | 22/ 98 | 30/ 116 |
8.35% (2023)
0.44% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 99.21 |
| Canadian Corporate Bonds | 33.23 |
| Canadian Government Bonds | 21.60 |
| Cash and Equivalents | 9.21 |
| US Equity | 3.68 |
| Other | -66.93 |
| Name | Percent |
|---|---|
| Fixed Income | 88.38 |
| Cash and Cash Equivalent | 9.21 |
| Financial Services | 3.65 |
| Technology | 0.01 |
| Other | -1.25 |
| Name | Percent |
|---|---|
| North America | 81.37 |
| Europe | 13.05 |
| Latin America | 5.62 |
| Other | -0.04 |
| Name | Percent |
|---|---|
| Canada Government 4.50% 01-Feb-2026 | 22.00 |
| Canada Government 3.25% 01-Sep-2028 | 10.86 |
| HCA Inc 5.38% 01-Mar-2026 | 4.04 |
| BANCO SANTANDER SA FRN 01/09/2030 | 3.17 |
| Boeing Co 2.20% 25-Mar-2024 | 3.12 |
| Bacardi Ltd 2.75% 15-Apr-2026 | 2.97 |
| Expedia Group Inc 6.25% 01-Feb-2025 | 2.85 |
| Avolon Holdings Funding Ltd 2.13% 21-Jan-2026 | 2.83 |
| WarnerMedia Holdings Inc 3.64% 15-Mar-2025 | 2.66 |
| Aircastle Ltd 6.50% 18-Jun-2028 | 2.40 |
RP Alternative Global Bond Fund Class A
Median
Other - Alternative Credit Focus
| Standard Deviation | 3.78% | - | - |
|---|---|---|---|
| Beta | 0.31% | - | - |
| Alpha | 0.05% | - | - |
| Rsquared | 0.29% | - | - |
| Sharpe | 0.56% | - | - |
| Sortino | 0.78% | - | - |
| Treynor | 0.07% | - | - |
| Tax Efficiency | 54.70% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.66% | 3.78% | - | - |
| Beta | 0.41% | 0.31% | - | - |
| Alpha | 0.11% | 0.05% | - | - |
| Rsquared | 0.58% | 0.29% | - | - |
| Sharpe | 1.98% | 0.56% | - | - |
| Sortino | 9.48% | 0.78% | - | - |
| Treynor | 0.18% | 0.07% | - | - |
| Tax Efficiency | 76.93% | 54.70% | - | - |
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
| Start Date | July 10, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RPD200 |
The investment objective of the Fund is to generate attractive risk-adjusted returns with an emphasis on capital preservation. The Fund will invest primarily in investment grade debt and debt-like securities of corporations and financial institutions. The Fund may also use derivatives for leverage, engage in short selling and borrow cash for investment purposes.
To achieve the investment objective, the Fund intends to invest primarily in investment grade debt securities rated BBB- and above by Standard & Poor’s (or equivalent rating agency) from anywhere around the world, with a focus on G7 countries. The Fund may invest in corporate bonds, government and agency debt, high quality asset backed paper, floating rate notes, credit derivatives, preferred shares, and loans.
| Name | Start Date |
|---|---|
| Ilias Lagopoulos | 10-18-2019 |
| Michael Quinn | 10-18-2019 |
| David Matheson | 10-18-2019 |
| Fund Manager | RP Investment Advisors |
|---|---|
| Advisor | RP Investment Advisors |
| Custodian | The Northern Trust Company Canada |
| Registrar | Apex Fund Services (Canada) Ltd. |
| Distributor | - |
| Auditor | Deloitte LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.86% |
|---|---|
| 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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