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AGF Floating Rate Income Fund Mutual Fund Series

Floating Rate Loan

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(05-16-2024)
$9.28
Change
$0.01 (0.06%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

AGF Floating Rate Income Fund Mutual Fund Series

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Fund Returns

Inception Return (May 01, 2012): 2.91%

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 0.78% 2.05% 5.49% 2.99% 9.26% 6.89% 4.74% 6.64% 3.26% 3.03% 2.87% 3.42% 2.80% 2.72%
Benchmark 0.84% 2.64% 6.39% 4.00% 9.88% 12.59% 6.00% 7.67% 4.10% 3.58% 3.55% 4.90% 4.93% 4.15%
Category Average 0.40% 5.09% 5.09% 2.45% 8.58% 4.57% 3.27% 5.75% 2.60% 2.72% 2.94% 3.47% 2.90% 3.09%
Category Rank 13 / 78 30 / 78 38 / 78 41 / 78 46 / 77 25 / 77 26 / 76 30 / 76 33 / 71 34 / 68 37 / 61 37 / 57 38 / 55 27 / 35
Quartile Ranking 1 2 2 3 3 2 2 2 2 2 3 3 3 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.16% 0.85% 0.96% 1.40% 0.20% 0.29% 1.17% 1.24% 0.92% 0.55% 0.70% 0.78%
Benchmark -2.20% 0.47% 1.38% 2.55% -1.17% 2.29% 2.51% -0.20% 1.33% 1.50% 0.28% 0.84%

Best Monthly Return Since Inception

3.76% (April 2020)

Worst Monthly Return Since Inception

-12.59% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.62% -3.06% 10.00% 2.38% -2.49% 6.71% -0.53% 3.04% -0.64% 10.36%
Benchmark 1.85% 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42%
Category Average 3.44% -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97%
Quartile Ranking 4 4 2 3 4 2 2 4 2 2
Category Rank 29/ 31 53/ 55 20/ 56 41/ 59 66/ 68 23/ 70 37/ 76 63/ 76 24/ 76 33/ 77

Best Calendar Return (Last 10 years)

10.36% (2023)

Worst Calendar Return (Last 10 years)

-3.06% (2015)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 92.89
Cash and Equivalents 3.73
Canadian Corporate Bonds 3.28
Foreign Government Bonds 0.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.27
Cash and Cash Equivalent 3.73

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.56
Europe 2.86
Multi-National -1.22
Other 0.80

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 4.31
IMG Worldwide Inc 18-May-2025 1.04
Boost Newco Borrower LLC 1L Sr. Secd Term Loan B 8.32% 31-Jan-2031 0.92
Escape Velocity Holdings Inc. 1L Gtd Sr. Secd Term Loan 9.46% 10-Oct-2028 0.90
Polaris Newco LLC 1L Gtd Sr. Secd Term Loan B 9.43% 05-Jun-2028 0.90
SS&C Technologies Inc 16-Apr-2025 0.86
Vertiv Group Corp. 1L Gtd Sr. Secd Term Loan B1 7.93% 02-Mar-2027 0.84
Core & Main LP Term Loan B 1L 7.92% 27-Jul-2028 0.84
TriMas Corp 4.13% 15-Apr-2029 0.83
Proampac PG Borrower LLC 1L Gtd Sr. Secd Term Loan B 9.32% 15-Sep-2028 0.83

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

AGF Floating Rate Income Fund Mutual Fund Series

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.19% 6.85% 5.36%
Beta 0.24% 0.63% 0.39%
Alpha 0.03% 0.01% 0.01%
Rsquared 0.30% 0.60% 0.30%
Sharpe 0.61% 0.21% 0.27%
Sortino 0.75% 0.07% -0.03%
Treynor 0.08% 0.02% 0.04%
Tax Efficiency 61.86% 50.30% 46.16%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 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 1.59% 3.19% 6.85% 5.36%
Beta 0.19% 0.24% 0.63% 0.39%
Alpha 0.07% 0.03% 0.01% 0.01%
Rsquared 0.38% 0.30% 0.60% 0.30%
Sharpe 2.59% 0.61% 0.21% 0.27%
Sortino 14.35% 0.75% 0.07% -0.03%
Treynor 0.21% 0.08% 0.02% 0.04%
Tax Efficiency 71.34% 61.86% 50.30% 46.16%

Fund Details

Start Date May 01, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $34

Fund Codes

FundServ Code Load Code Sales Status
AGF4076
AGF4176
AGF4276

Investment Objectives

The Fund’s objective is to provide a high level of current income by investing primarily in senior floating rate loans and other floating rate debt securities of companies domiciled in the U.S.

Investment Strategy

As a portfolio manager of the Fund, Credit Suisse Asset Management, LLC (“CSAM”) has an investment philosophy grounded in fundamental credit analysis of senior loans and high yield bonds. This bottom-up investment approach is complemented by continuous relative value analysis within a capital structure and across issuers.

Portfolio Manager(s)

Name Start Date
AGF Investments Inc. 04-26-2023
Credit Suisse Asset Management, LLC 04-26-2023

Management and Organization

Fund Manager AGF Investments Inc.
Advisor AGF Investments Inc.
Custodian State Street Trust Company Canada
Registrar AGF CustomerFirst Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 25

Fees

MER 1.96%
Management Fee 1.45%
Load Choice of Front or No Load
FE Max 6.00%
DSC Max 5.50%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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