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High Yield Fixed Income
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2022, 2021, 2019, 2018, 2017
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|
NAVPS (11-22-2024) |
$11.62 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at October 31, 2024
As at September 30, 2024
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Inception Return (July 12, 2007): 6.08%
| 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 | 0.75% | 2.63% | 6.15% | 9.43% | 15.13% | 9.50% | 4.25% | 5.17% | 5.02% | 4.95% | 4.57% | 4.92% | 5.57% | 4.93% |
| Benchmark | 2.26% | 3.80% | 8.78% | 13.90% | 17.70% | 14.40% | 6.03% | 4.76% | 4.75% | 5.41% | 4.78% | 4.95% | 5.71% | 6.38% |
| Category Average | -0.34% | 1.96% | 5.58% | 6.30% | 13.32% | 8.38% | 1.37% | 2.95% | 2.78% | 3.24% | 2.70% | 3.06% | 3.36% | 2.90% |
| Category Rank | 40 / 304 | 64 / 303 | 95 / 302 | 52 / 302 | 80 / 302 | 112 / 296 | 40 / 287 | 62 / 277 | 42 / 271 | 51 / 259 | 39 / 237 | 33 / 225 | 26 / 195 | 26 / 182 |
| Quartile Ranking | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.24% | 2.91% | 0.81% | 0.72% | 1.14% | 0.38% | 1.20% | 0.72% | 1.48% | 0.56% | 1.29% | 0.75% |
| Benchmark | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% |
5.33% (March 2016)
-8.05% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.96% | -2.99% | 17.51% | 5.97% | 0.73% | 6.29% | 7.49% | 4.68% | -4.76% | 8.08% |
| 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 | 2 | 3 | 1 | 2 | 1 | 4 | 1 | 2 | 1 | 3 |
| Category Rank | 62/ 171 | 95/ 183 | 18/ 199 | 64/ 227 | 36/ 238 | 226/ 263 | 38/ 273 | 109/ 278 | 26/ 287 | 216/ 296 |
17.51% (2016)
-4.76% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 76.07 |
| Foreign Corporate Bonds | 11.53 |
| Cash and Equivalents | 11.10 |
| Canadian Government Bonds | 1.18 |
| Canadian Equity | 0.14 |
| Other | -0.02 |
| Name | Percent |
|---|---|
| Fixed Income | 88.77 |
| Cash and Cash Equivalent | 11.10 |
| Other | 0.13 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| Brookfield Props Retl Hldg LLC 5.75% 15-May-2026 | 6.94 |
| Royal Bank of Canada 4.50% 24-Oct-2025 | 5.22 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 4.44 |
| Royal Bank of Canada 4.00% 24-Jan-2026 | 4.16 |
| Bank of Nova Scotia 7.02% 27-Jun-2027 | 4.15 |
| Brookfield Proprty Finance ULC 7.13% 13-Feb-2028 | 4.10 |
| Bank of Montreal 4.30% 26-Oct-2025 | 4.07 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 3.92 |
| Toronto-Dominion Bank 7.28% 01-Oct-2027 | 3.35 |
| Inter Pipeline Ltd 6.63% 19-Nov-2079 | 3.09 |
Phillips, Hager & North High Yield Bond Fund Series F
Median
Other - High Yield Fixed Income
| Standard Deviation | 3.93% | 5.37% | 4.92% |
|---|---|---|---|
| Beta | 0.43% | 0.57% | 0.35% |
| Alpha | 0.02% | 0.02% | 0.03% |
| Rsquared | 0.54% | 0.59% | 0.25% |
| Sharpe | 0.20% | 0.52% | 0.68% |
| Sortino | 0.51% | 0.49% | 0.54% |
| Treynor | 0.02% | 0.05% | 0.10% |
| Tax Efficiency | 51.73% | 60.78% | 57.32% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.55% | 3.93% | 5.37% | 4.92% |
| Beta | 0.15% | 0.43% | 0.57% | 0.35% |
| Alpha | 0.12% | 0.02% | 0.02% | 0.03% |
| Rsquared | 0.05% | 0.54% | 0.59% | 0.25% |
| Sharpe | 3.75% | 0.20% | 0.52% | 0.68% |
| Sortino | - | 0.51% | 0.49% | 0.54% |
| Treynor | 0.62% | 0.02% | 0.05% | 0.10% |
| Tax Efficiency | 86.23% | 51.73% | 60.78% | 57.32% |
| Start Date | July 12, 2007 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Fee Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $10,584 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PHN5280 | ||
| RBF5280 |
The fundamental investment objectives of the Fund are to provide a high level of income and the opportunity for capital appreciation by investing primarily in a well-diversified portfolio of fixed-income securities issued by Canadian and/or foreign corporations and governments.
To achieve the Fund’s investment objectives, we invest primarily in medium quality Canadian and/or foreign corporate bonds, convertible bonds, preferred shares and government bonds issued or traded in Canadian and U.S. dollars. In addition, we may also invest in asset-backed commercial paper. The average term to maturity of the portfolio is managed within strict guidelines, typically between three and 13 years.
| Name | Start Date |
|---|---|
| Hanif Mamdani | 12-08-2020 |
| Fund Manager | RBC Global Asset Management Inc. |
|---|---|
| Advisor | RBC Global Asset Management Inc. |
| Custodian | RBC Investor Services Trust (Canada) |
| Registrar | RBC Global Asset Management Inc. |
| Distributor | Phillips, Hager & North Investment Funds Ltd. |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
| MER | 0.88% |
|---|---|
| Management Fee | 0.75% |
| 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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