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NEI Select Income RS Portfolio Series A

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Global Fixed Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(09-06-2024) 		$9.31
Change
$0.00 (-0.02%)

As at July 31, 2024

As at June 30, 2024

Period
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Legend

NEI Select Income RS Portfolio Series A

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Fund Returns

Inception Return (October 12, 2011): 3.08%

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 2.64% 5.09% 4.97% 4.82% 8.72% 4.76% 0.64% 1.38% 1.89% 2.35% 2.57% 2.29% 2.26% 2.72%
Benchmark 3.61% 5.94% 7.04% 7.43% 11.56% 7.39% 0.67% 0.57% 2.48% 3.10% 3.60% 2.98% 3.48% 4.65%
Category Average 2.49% 5.78% 5.78% 5.65% 9.49% 5.52% 0.81% 2.50% 2.99% 3.18% 3.16% 3.05% 2.97% 3.16%
Category Rank 431 / 955 590 / 949 820 / 949 786 / 949 726 / 910 708 / 897 489 / 817 629 / 764 619 / 739 500 / 641 426 / 582 381 / 513 331 / 426 222 / 331
Quartile Ranking 2 3 4 4 4 4 3 4 4 4 3 3 4 3

Monthly Return

Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund -0.52% -2.54% -0.43% 4.16% 3.14% -0.14% 0.40% 1.15% -1.65% 1.49% 0.89% 2.64%
Benchmark 1.08% -3.41% 0.82% 3.70% 1.73% 0.36% 1.41% 1.04% -1.39% 0.79% 1.45% 3.61%

Best Monthly Return Since Inception

4.78% (April 2020)

Worst Monthly Return Since Inception

-7.33% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.82% 3.67% 2.69% 4.04% -2.38% 10.65% 4.48% 0.98% -9.41% 7.13%
Benchmark 11.35% 16.91% 0.39% 3.81% 5.53% 6.30% 9.09% -0.49% -11.13% 6.74%
Category Average 6.43% 1.21% 4.39% 5.49% -2.85% 9.97% 7.08% 4.51% -11.10% 7.71%
Quartile Ranking 4 2 4 3 3 1 4 4 2 3
Category Rank 274/ 311 179/ 386 343/ 448 344/ 525 358/ 600 170/ 694 627/ 750 777/ 802 246/ 856 616/ 897

Best Calendar Return (Last 10 years)

10.65% (2019)

Worst Calendar Return (Last 10 years)

-9.41% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 19.55
Canadian Corporate Bonds 15.92
Foreign Corporate Bonds 15.76
Foreign Government Bonds 14.86
US Equity 11.56
Other 22.35

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 69.30
Cash and Cash Equivalent 6.07
Technology 4.68
Financial Services 3.75
Healthcare 2.92
Other 13.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.66
Europe 20.48
Asia 5.73
Latin America 2.96
Africa and Middle East 0.40
Other -24.23

Top Holdings

Top Holdings
Name Percent
NEI Canadian Bond Fund Series I 35.80
NEI Global Total Return Bond Fund Series I 21.99
NEI Global Impact Bond Fund I 12.00
NEI U.S. Equity RS Fund Series I 7.03
NEI Global High Yield Bond Fund Series I 5.02
NEI Global Dividend RS Fund Series I 4.98
NEI Canadian Equity RS Fund Series I 3.96
NEI International Equity RS Fund Series I 3.92
NEI Global Equity RS Fund Series I 2.02
NEI Canadian Small Cap Equity RS Fund Series I 1.04

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

NEI Select Income RS Portfolio Series A

Median

Other - Global Fixed Inc Balanced

3 Yr Annualized

Standard Deviation 6.79% 7.05% 5.70%
Beta 0.76% 0.73% 0.52%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.70% 0.45% 0.38%
Sharpe -0.33% 0.00% 0.23%
Sortino -0.44% -0.17% -0.04%
Treynor -0.03% 0.00% 0.03%
Tax Efficiency - 10.66% 45.82%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.78% 6.79% 7.05% 5.70%
Beta 0.90% 0.76% 0.73% 0.52%
Alpha -0.01% 0.00% 0.00% 0.00%
Rsquared 0.78% 0.70% 0.45% 0.38%
Sharpe 0.55% -0.33% 0.00% 0.23%
Sortino 1.58% -0.44% -0.17% -0.04%
Treynor 0.04% -0.03% 0.00% 0.03%
Tax Efficiency 80.29% - 10.66% 45.82%

Fund Details

Start Date October 12, 2011
Instrument Type Mutual Fund (Wrap Program, Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $256

Fund Codes

FundServ Code Load Code Sales Status
NWT024
NWT10024
NWT10124
NWT10624
NWT324

Investment Objectives

The Fund aims to generate a high level of income while providing some potential for capital growth by investing mostly in a mix of income oriented mutual funds and to a lesser extent, equity mutual funds. The Fund invests in a variety of other mutual funds managed by different portfolio managers/portfolio subadvisors. To achieve its objective, the Fund will invest in underlying mutual funds, which may be managed by NEI Investments.

Investment Strategy

The Portfolio Manager uses strategic asset allocation as the principal investment strategy. The Portfolio Manager selects the underlying funds based on of their expected return, volatility and correlation while accounting for investment styles and other qualitative factors. The Portfolio Manager may, in its sole discretion, modify the asset mix, change the percentage holdings of any underlying fund, remove any underlying fund or add additional underlying funds.

Portfolio Manager(s)

Name Start Date
Will Benton 07-16-2019
John Bai 06-08-2021
Judith Chan 07-07-2022

Management and Organization

Fund Manager Northwest & Ethical Investments L.P.
Advisor Northwest & Ethical Investments L.P.
Custodian Desjardins Trust Inc.
Registrar Northwest & Ethical Investments L.P.
Distributor Credential Asset Management Inc.
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.72%
Management Fee 1.40%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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