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Desjardins Floating Rate Income Fund A Class

Multi-Sector Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

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NAVPS
(04-18-2024)
$9.05
Change
$0.01 (0.08%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Desjardins Floating Rate Income Fund A Class

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Fund Returns

Inception Return (May 12, 2014): 2.50%

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 1.17% 3.69% 8.57% 3.69% 12.21% 6.25% 3.81% 7.39% 3.12% 2.92% 3.02% 4.04% 3.09% -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 37 / 276 9 / 275 32 / 275 9 / 275 5 / 266 7 / 258 5 / 251 5 / 231 13 / 216 16 / 188 11 / 154 10 / 120 11 / 102 -
Quartile Ranking 1 1 1 1 1 1 1 1 1 1 1 1 1 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.69% 0.09% 1.11% 1.27% 0.04% 0.12% -0.16% 2.76% 2.05% 0.97% 1.50% 1.17%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

3.32% (November 2020)

Worst Monthly Return Since Inception

-14.99% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -3.32% 8.24% 6.50% -1.85% 8.98% -1.72% 3.40% -4.03% 9.76%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - 4 1 1 3 2 4 1 1 1
Category Rank - 86/ 93 28/ 117 16/ 154 133/ 188 58/ 216 230/ 230 18/ 248 17/ 258 23/ 266

Best Calendar Return (Last 10 years)

9.76% (2023)

Worst Calendar Return (Last 10 years)

-4.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 52.05
Foreign Government Bonds 17.61
Mortgages 11.50
Cash and Equivalents 10.61
Derivatives 6.03
Other 2.20

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 83.28
Cash and Cash Equivalent 10.60
Real Estate 0.07
Consumer Services 0.01
Telecommunications 0.00
Other 6.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.42
Europe 21.16
Latin America 6.83
Africa and Middle East 5.02
Other 1.57

Top Holdings

Top Holdings
Name Percent
Canada Government 0.00% 20-Jun-2024 4.41
United States Treasury 0.13% 15-Jul-2024 3.66
AmSurg 3.13
Eurosail, Series 2007-1X, Class C1A, Mezzanine 4.37% 13-Dec-2041 2.60
Canada Government 0.00% 06-Jun-2024 2.06
Peru LNG 5.38% 22-Mar-2030 1.90
Wesco Aircraft Holdings, P.P. 10.50% 15-Nov-2026 1.79
Stratton Hawksmoor PLC 6.95% 25-Feb-2053 1.68
Syniverse Holdings, BL 8.40% 13-May-2027 1.68
Egypt Government 4.75% 16-Apr-2026 1.63

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Desjardins Floating Rate Income Fund A Class

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 4.86% 8.59% -
Beta 0.31% 0.13% -
Alpha 0.04% 0.03% -
Rsquared 0.19% 0.01% -
Sharpe 0.26% 0.18% -
Sortino 0.24% 0.06% -
Treynor 0.04% 0.12% -
Tax Efficiency 30.90% 24.88% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 3 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 3.05% 4.86% 8.59% -
Beta 0.23% 0.31% 0.13% -
Alpha 0.11% 0.04% 0.03% -
Rsquared 0.19% 0.19% 0.01% -
Sharpe 2.26% 0.26% 0.18% -
Sortino 17.18% 0.24% 0.06% -
Treynor 0.29% 0.04% 0.12% -
Tax Efficiency 77.28% 30.90% 24.88% -

Fund Details

Start Date May 12, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $101

Fund Codes

FundServ Code Load Code Sales Status
DJT00024

Investment Objectives

The objective of the Fund is to provide a high income while minimizing the effects of interest rate fluctuations. The Fund invests primarily in floating-rate and fixed-rate debt securities of issuers throughout the world and enters into derivative instrument transactions to generate a floating rate income.

Investment Strategy

The management of the Fund is entrusted to a sub-manager who combines a top-down analysis for asset allocation, with a bottom-up analysis for security selection. The Fund invests primarily in global credit markets including, without limitation, investment-grade corporate bonds, high-yield corporate bonds and emerging market bonds, which provide higher income than government bonds from developed markets, like Government of Canada and US Treasury bonds.

Portfolio Manager(s)

Name Start Date
Desjardins Global Asset Management Inc. 07-24-2019
Pacific Investment Management Co LLC (PIMCO) 03-31-2023

Management and Organization

Fund Manager Desjardins Investments Inc.
Advisor Desjardins Global Asset Management Inc.
Custodian Desjardins Trust Inc.
Registrar Desjardins Investments Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 100

Fees

MER 1.66%
Management Fee 1.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) 0.00%
Trailer Fee Max (DSC) 0.00%
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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