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Phillips, Hager & North Bond Fund Series O

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(03-14-2025)
$9.45
Change
-$0.01 (-0.12%)

As at February 28, 2025

As at January 31, 2025

Period
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Legend

Phillips, Hager & North Bond Fund Series O

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Fund Returns

Inception Return (October 31, 2002): 4.53%

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 1.15% 1.57% 4.27% 2.36% 8.79% 6.38% 1.88% 0.73% 1.19% 2.45% 2.63% 2.43% 2.47% 2.20%
Benchmark 1.14% 1.75% 4.04% 2.28% 8.37% 5.98% 1.44% 0.48% 0.36% 1.85% 2.11% 1.97% 1.94% 1.72%
Category Average 1.08% 1.29% 3.60% 2.11% 7.61% 5.42% 0.97% -0.21% 0.15% 1.36% 1.46% 1.32% 1.44% 1.07%
Category Rank 199 / 665 252 / 663 209 / 655 133 / 664 157 / 631 175 / 603 164 / 589 135 / 561 98 / 532 80 / 497 68 / 461 66 / 426 64 / 383 54 / 347
Quartile Ranking 2 2 2 1 1 2 2 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 0.52% -1.97% 1.78% 1.21% 2.41% 0.37% 1.88% -1.02% 1.81% -0.77% 1.20% 1.15%
Benchmark 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14%

Best Monthly Return Since Inception

4.63% (January 2015)

Worst Monthly Return Since Inception

-3.56% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 3.84% 2.44% 2.63% 1.52% 6.86% 10.53% -2.18% -11.14% 6.93% 4.47%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.68%
Quartile Ranking 1 2 1 1 2 1 2 1 2 2
Category Rank 17/ 346 108/ 380 99/ 425 65/ 451 154/ 496 28/ 526 185/ 557 133/ 587 193/ 602 282/ 627

Best Calendar Return (Last 10 years)

10.53% (2020)

Worst Calendar Return (Last 10 years)

-11.14% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 56.27
Canadian Corporate Bonds 32.26
Cash and Equivalents 11.42
Canadian Bonds - Other 0.06
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.58
Cash and Cash Equivalent 11.42

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 2.75% 01-Jun-2033 5.33
Canada Government 3.50% 01-Sep-2029 5.18
Quebec Province 3.60% 01-Sep-2033 3.34
Canada Housing Trust No 1 3.65% 15-Jun-2033 3.32
Ontario Province 4.15% 02-Dec-2054 2.87
Quebec Province 3.25% 01-Sep-2032 2.56
Ontario Province 5.60% 02-Jun-2035 2.28
Canada Government 1.75% 01-Dec-2053 2.10
Ontario Province 3.65% 02-Jun-2033 1.82
Canada Government 3.25% 01-Dec-2034 1.66

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Phillips, Hager & North Bond Fund Series O

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.17% 6.52% 5.24%
Beta 1.02% 1.01% 0.99%
Alpha 0.00% 0.01% 0.01%
Rsquared 0.95% 0.95% 0.96%
Sharpe -0.23% -0.15% 0.12%
Sortino -0.18% -0.34% -0.18%
Treynor -0.02% -0.01% 0.01%
Tax Efficiency 16.38% - 34.70%
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 1 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 4.65% 7.17% 6.52% 5.24%
Beta 0.81% 1.02% 1.01% 0.99%
Alpha 0.02% 0.00% 0.01% 0.01%
Rsquared 0.71% 0.95% 0.95% 0.96%
Sharpe 0.96% -0.23% -0.15% 0.12%
Sortino 2.01% -0.18% -0.34% -0.18%
Treynor 0.06% -0.02% -0.01% 0.01%
Tax Efficiency 81.62% 16.38% - 34.70%

Fund Details

Start Date October 31, 2002
Instrument Type Mutual Fund
Share Class Institutional
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $8,448

Fund Codes

FundServ Code Load Code Sales Status
PHN115
RBF8115

Investment Objectives

The fundamental investment objectives of the Fund are to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of fixed income securities issued by Canadian governments and corporations.

Investment Strategy

To achieve the Fund’s investment objectives, we invest primarily in high-quality Canadian corporate bonds and government bonds issued in Canadian or U.S. dollars. In addition, we may also invest in asset-backed commercial paper. The Fund maintains an average term to maturity similar to the FTSE Canada Universe Bond Index. We incorporate material ESG factors as part of the investment process to consider issuers’ oversight and management of these material ESG factors.

Portfolio Management

Portfolio Manager

RBC Global Asset Mgmt Inc.

  • PH&N Fixed Income Team
Sub-Advisor

-

Management and Organization

Fund Manager

RBC Global Asset Management Inc.

Custodian

RBC Investor Services Trust (Canada)

Registrar

RBC Global Asset Management Inc.

RBC Investor Services Trust (Canada)

Royal Bank of Canada

Distributor

Phillips, Hager & North Investment Funds Ltd.

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25,000
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 0

Fees

MER 0.02%
Management Fee 2.00%
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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