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MD Short-Term Bond Fund Series A

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-08-2025)
$10.22
Change
$0.00 (0.00%)

As at March 31, 2025

As at March 31, 2025

Period
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Legend

MD Short-Term Bond Fund Series A

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Fund Returns

Inception Return (October 01, 1995): 3.15%

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 0.10% 1.36% 1.82% 1.36% 6.45% 4.94% 3.10% 1.34% 1.80% 1.72% 1.84% 1.54% 1.48% 1.35%
Benchmark 0.31% 1.67% 2.32% 1.67% 7.00% 5.31% 3.68% 1.93% 2.09% 2.25% 2.40% 2.08% 1.99% 1.89%
Category Average 0.20% 1.34% 1.86% 1.34% 6.01% 4.92% 3.14% 1.59% 2.07% 1.89% 1.94% 1.66% 1.60% 1.42%
Category Rank 260 / 289 168 / 288 240 / 279 168 / 288 152 / 263 143 / 222 162 / 210 158 / 200 141 / 191 137 / 183 125 / 174 114 / 160 106 / 150 100 / 143
Quartile Ranking 4 3 4 3 3 3 4 4 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -0.51% 0.85% 0.66% 1.53% 0.46% 1.49% -0.43% 0.59% 0.29% 0.76% 0.49% 0.10%
Benchmark -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83% 0.52% 0.31%

Best Monthly Return Since Inception

2.37% (September 1998)

Worst Monthly Return Since Inception

-1.64% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.24% 0.87% -0.11% 0.71% 2.89% 4.84% -1.64% -4.96% 4.77% 5.42%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking 3 3 3 4 3 3 4 4 3 3
Category Rank 82/ 143 84/ 148 104/ 152 130/ 171 99/ 181 100/ 190 164/ 196 161/ 206 129/ 219 146/ 238

Best Calendar Return (Last 10 years)

5.42% (2024)

Worst Calendar Return (Last 10 years)

-4.96% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 44.57
Canadian Corporate Bonds 35.49
Foreign Corporate Bonds 7.67
Foreign Government Bonds 4.37
Mortgages 3.83
Other 4.07

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.46
Cash and Cash Equivalent 3.33
Financial Services 0.02
Other 0.19

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.28
Asia 1.59
Europe 1.17
Latin America 0.19
Africa and Middle East 0.09
Other 2.68

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 2.85% 15-Jun-2030 7.54
Canada Government 3.50% 01-Mar-2028 4.65
Canada Government 1.00% 01-Jun-2027 3.57
Canada Government 4.00% 01-Mar-2029 3.48
Canada Government 2.75% 01-Mar-2030 3.36
Municipal Finance Authority BC 1.35% 30-Jun-2026 2.97
Ontario Province 02-Dec-2026 2.88
Ontario Province 02-Jun-2027 2.85
Canada Housing Trust No 1 1.25% 15-Jun-2026 2.08
Royal Bank of Canada 4.63% 01-May-2028 1.96

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

MD Short-Term Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.99% 2.75% 2.16%
Beta 1.15% 1.10% 1.06%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.95% 0.94% 0.90%
Sharpe -0.25% -0.20% -0.15%
Sortino 0.05% -0.57% -0.94%
Treynor -0.01% -0.01% 0.00%
Tax Efficiency 61.82% 47.56% 27.28%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.18% 2.99% 2.75% 2.16%
Beta 1.17% 1.15% 1.10% 1.06%
Alpha -0.02% -0.01% 0.00% -0.01%
Rsquared 0.97% 0.95% 0.94% 0.90%
Sharpe 1.09% -0.25% -0.20% -0.15%
Sortino 3.18% 0.05% -0.57% -0.94%
Treynor 0.02% -0.01% -0.01% 0.00%
Tax Efficiency 77.40% 61.82% 47.56% 27.28%

Fund Details

Start Date October 01, 1995
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Restricted
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $16

Fund Codes

FundServ Code Load Code Sales Status
MDM030

Investment Objectives

The Fund's objectives are to conserve capital and produce income. The Fund invests in a variety of Government of Canada, provincial or municipal government bonds, corporate bonds, bonds of government backed crown corporations, National Housing Association (NHA) mortgages, conventional residential mortgages and NHA backed mortgages. The Fund may also invest in foreign securities.

Investment Strategy

The Fund employs an active, multiple sub-adviser approach seeking to provide capital preservation, as well as elevated income. Using the unique strengths of each sub-adviser, the Fund seeks to deliver excess return (compared to the benchmark) via a combination of income and capital gain, as well as, diversified risk exposures.

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.

Sub-Advisor

Manulife Investment Management (Hong Kong) Limited

1832 Asset Management L.P.

Manulife Investment Management (US) LLC

Manulife Investment Management Limited

Management and Organization

Fund Manager

MD Financial Management Inc.

Custodian

State Street Trust Company Canada

Registrar

MD Financial Management Inc.

Distributor

MD Management Limited

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 3,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 0

Fees

MER 1.00%
Management Fee 0.84%
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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