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Manulife Corporate Fixed Income Private Trust Advisor Series

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-04-2025)
$9.30
Change
-$0.03 (-0.29%)

As at February 28, 2025

As at January 31, 2025

Period
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Legend

Manulife Corporate Fixed Income Private Trust Advisor Series

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Fund Returns

Inception Return (December 14, 2012): 3.50%

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 0.61% 1.70% 4.35% 1.60% 9.38% 7.89% 3.63% 2.60% 3.14% 3.61% 3.37% 3.18% 4.12% 3.23%
Benchmark 0.36% 4.44% 9.83% 2.31% 16.13% 13.40% 8.80% 5.52% 5.20% 5.67% 5.57% 5.31% 6.56% 6.01%
Category Average 0.56% 1.22% 3.26% 1.57% 8.24% 7.59% 3.19% 2.16% 3.00% 3.30% 3.05% 3.04% 4.20% 3.07%
Category Rank 114 / 283 95 / 283 90 / 283 152 / 283 97 / 281 178 / 275 154 / 269 157 / 263 175 / 252 147 / 244 128 / 221 130 / 209 157 / 200 121 / 189
Quartile Ranking 2 2 2 3 2 3 3 3 3 3 3 3 4 3

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 0.78% -0.78% 1.34% 1.00% 1.87% 0.54% 1.48% -0.06% 1.16% 0.10% 0.98% 0.61%
Benchmark 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36%

Best Monthly Return Since Inception

3.97% (April 2020)

Worst Monthly Return Since Inception

-9.97% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 0.31% 8.25% 3.99% -2.29% 9.49% 5.53% 2.82% -8.68% 8.01% 8.01%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 1 4 4 2 3 2 4 2 4 2
Category Rank 40/ 182 167/ 199 160/ 208 102/ 219 152/ 244 121/ 252 198/ 257 82/ 266 216/ 275 139/ 281

Best Calendar Return (Last 10 years)

9.49% (2019)

Worst Calendar Return (Last 10 years)

-8.68% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 45.39
Canadian Corporate Bonds 45.05
Cash and Equivalents 7.00
Canadian Government Bonds 1.66
Foreign Government Bonds 0.62
Other 0.28

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.99
Cash and Cash Equivalent 7.01
Financial Services 0.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.45
Latin America 0.47
Europe 0.09
Other -0.01

Top Holdings

Top Holdings
Name Percent
Rogers Communications Inc 5.25% 15-Mar-2082 2.18
Enbridge Inc 8.25% 15-Oct-2028 1.83
Brookfield Infra Finance ULC 5.44% 25-Jan-2034 1.34
Prime Trust 03-Feb-2025 1.16
Royal Bank of Canada 4.50% 24-Oct-2025 1.15
Canada Government 1.75% 01-Dec-2053 1.12
Cenovus Energy Inc 3.50% 07-Feb-2028 1.07
Brookfield Finance Inc 6.30% 15-Jan-2055 0.96
North West Redwater Partnershp 3.65% 01-Dec-2034 0.96
BLCOCN TL B 1L USD 7.69% 05-May-2027 0.84

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Manulife Corporate Fixed Income Private Trust Advisor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.97% 7.17% 5.49%
Beta 0.72% 0.80% 0.58%
Alpha -0.03% -0.01% 0.00%
Rsquared 0.59% 0.65% 0.49%
Sharpe -0.01% 0.14% 0.31%
Sortino 0.18% 0.06% 0.08%
Treynor 0.00% 0.01% 0.03%
Tax Efficiency 56.23% 51.94% 52.89%
Volatility Volatility rating is 2 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 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.53% 5.97% 7.17% 5.49%
Beta 0.17% 0.72% 0.80% 0.58%
Alpha 0.06% -0.03% -0.01% 0.00%
Rsquared 0.06% 0.59% 0.65% 0.49%
Sharpe 1.95% -0.01% 0.14% 0.31%
Sortino 5.56% 0.18% 0.06% 0.08%
Treynor 0.29% 0.00% 0.01% 0.03%
Tax Efficiency 82.16% 56.23% 51.94% 52.89%

Fund Details

Start Date December 14, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $285

Fund Codes

FundServ Code Load Code Sales Status
MMF1940

Investment Objectives

The fundamental investment objective of the Pool is to seek to generate income and capital appreciation primarily through exposure to a diversified portfolio of Canadian and U.S. investment grade and high yield corporate bonds. The fundamental investment objective of the Fund cannot be changed without the approval of investors who own securities in the Fund.

Investment Strategy

The portfolio advisor uses a combination of top down economic research and bottom-up credit analysis to generate above average long-term returns by identifying “pockets of value” and minimizing downside risk. The process emphasizes sector allocation, credit quality and security selection, combined with active yield curve management and risk containment.

Portfolio Management

Portfolio Manager

Manulife Investment Management Limited

  • Terry Carr
Sub-Advisor

-

Management and Organization

Fund Manager

Manulife Investment Management Limited

Custodian

RBC Investor Services Trust (Canada)

Registrar

Manulife Investment Management Limited

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 150,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 150,000
SWP Min Withdrawal 1,000

Fees

MER 1.28%
Management Fee 1.01%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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