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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
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|
Close (09-06-2024) |
$10.71 |
|---|---|
| Change |
$0.01
(0.09%)
|
| Open | - |
|---|---|
| Day Range | - - - |
| Volume | 0 |
As at July 31, 2024
As at June 30, 2024
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Inception Return (October 31, 2023): 10.22%
| 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 | 1.15% | 2.88% | 3.97% | 4.75% | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 2.95% | 4.79% | 8.23% | 9.73% | 16.53% | 13.03% | 4.11% | 3.77% | 4.22% | 4.71% | 4.90% | 5.14% | 5.18% | 6.21% |
| Category Average | 1.65% | 3.83% | 3.83% | 4.26% | 8.75% | 5.47% | 0.71% | 2.61% | 2.44% | 2.76% | 2.58% | 3.06% | 2.96% | 2.71% |
| Category Rank | 269 / 305 | 260 / 304 | 177 / 303 | 147 / 303 | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 3 | 2 | - | - | - | - | - | - | - | - | - | - |
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 3.05% | 2.11% | 0.75% | 0.32% | 0.94% | -0.20% | 1.26% | 0.44% | 1.15% |
| Benchmark | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% |
3.05% (November 2023)
-0.20% (April 2024)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
-
-
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 39.53 |
| Canadian Corporate Bonds | 36.66 |
| Cash and Equivalents | 18.32 |
| Canadian Government Bonds | 2.39 |
| Canadian Equity | 2.15 |
| Other | 0.95 |
| Name | Percent |
|---|---|
| Fixed Income | 78.60 |
| Cash and Cash Equivalent | 18.32 |
| Energy | 1.67 |
| Consumer Goods | 1.24 |
| Industrial Goods | 0.07 |
| Other | 0.10 |
| Name | Percent |
|---|---|
| North America | 99.86 |
| Latin America | 0.07 |
| Other | 0.07 |
| Name | Percent |
|---|---|
| iShares iBoxx $ Inv Grade Corp Bond ETF (LQD) | 2.26 |
| Atkinsrealis Group Inc 7.00% 12-Jun-2026 | 2.18 |
| KeHE Distributors LLC 9.00% 15-Feb-2029 | 2.18 |
| Canadian Dollar | 1.87 |
| Russel Metals Inc 5.75% 27-Oct-2025 | 1.85 |
| Garda World Security Corp 9.50% 01-Nov-2027 | 1.81 |
| Superior Plus LP 4.25% 18-May-2028 | 1.79 |
| TransDigm Inc 6.75% 15-Aug-2028 | 1.79 |
| G Cooper Equipment Rentals Ltd. 7.45% 04-Jul-2029 | 1.77 |
| Cineplex Inc 7.63% 31-Mar-2029 | 1.76 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | - | - | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | - | - | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
| Start Date | October 31, 2023 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | - |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $714 |
| 52 Week High | $10.72 |
| 52 Week Low | $9.52 |
| Annual Dividend | $0.45 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
| Exposure | - |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
The Fund’s objective is to provide income and the potential for long term capital growth by investing primarily in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities. The fundamental investment objective may only be changed with the approval of a majority of Securityholders at a meeting called for that purpose.
The portfolio manager: uses fundamental analysis to select investments and reviews the values of the investments on an ongoing basis, paying particular attention to credit quality and diversification by geographic region, industry sector, size of issuer and credit rating. The Fund: will invest primarily in fixed income securities of North American companies; may from time to time invest a significant portion of the Fund’s assets in non-North American companies.
| Name | Start Date |
|---|---|
| Dan Bastasic | 10-31-2023 |
| Fund Manager | IA Clarington Investments Inc. |
|---|---|
| Advisor | Industrial Alliance Investment Management Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | IA Clarington Investments Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| MER | 0.91% |
|---|---|
| Management Fee | 0.70% |
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