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Multi-Sector Fixed Income
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2023
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|
NAVPS (11-19-2024) |
$9.43 |
|---|---|
| Change |
$0.02
(0.23%)
|
As at October 31, 2024
As at October 31, 2024
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Inception Return (May 12, 2014): 2.81%
| 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 | 0.85% | 2.72% | 4.06% | 8.58% | 13.87% | 10.93% | 4.68% | 5.60% | 3.61% | 3.62% | 3.20% | 3.75% | 3.84% | 3.02% |
| Benchmark | 0.33% | 1.97% | 7.16% | 7.99% | 12.53% | 9.08% | 1.14% | -0.74% | 0.75% | 2.30% | 1.91% | 1.66% | 2.44% | 3.45% |
| Category Average | -1.22% | 1.05% | 4.75% | 3.72% | 10.96% | - | - | - | - | - | - | - | - | - |
| Category Rank | 15 / 299 | 10 / 297 | 226 / 295 | 16 / 293 | 49 / 293 | 10 / 284 | 12 / 276 | 11 / 264 | 23 / 243 | 36 / 226 | 30 / 187 | 16 / 159 | 19 / 130 | 30 / 102 |
| Quartile Ranking | 1 | 1 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.76% | 2.05% | 0.97% | 1.50% | 1.17% | 0.63% | 0.32% | -0.19% | 1.17% | 0.79% | 1.06% | 0.85% |
| Benchmark | 2.81% | 1.36% | 0.46% | 0.43% | 0.67% | -0.78% | 0.36% | 1.11% | 3.56% | -0.33% | 1.97% | 0.33% |
3.32% (November 2020)
-14.99% (March 2020)
| 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 | - | 100/ 107 | 28/ 131 | 16/ 170 | 146/ 206 | 74/ 234 | 248/ 248 | 36/ 266 | 18/ 276 | 23/ 284 |
9.76% (2023)
-4.03% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 55.22 |
| Cash and Equivalents | 17.10 |
| Foreign Government Bonds | 12.03 |
| Mortgages | 9.01 |
| Derivatives | 5.08 |
| Other | 1.56 |
| Name | Percent |
|---|---|
| Fixed Income | 77.75 |
| Cash and Cash Equivalent | 17.10 |
| Real Estate | 0.06 |
| Consumer Services | 0.01 |
| Telecommunications | 0.00 |
| Other | 5.08 |
| Name | Percent |
|---|---|
| North America | 67.46 |
| Europe | 19.75 |
| Latin America | 7.08 |
| Africa and Middle East | 3.95 |
| Other | 1.76 |
| Name | Percent |
|---|---|
| Federal National Mrtgage Assoc 6.50% 14-Nov-2024 | 9.65 |
| Canada Government 30-Jan-2025 | 3.94 |
| Canada Government 18-Dec-2024 | 3.67 |
| AmSurg | 3.33 |
| Canada Government 05-Dec-2024 | 2.80 |
| Eurosail, Series 2007-1X, Class C1A, Mezzanine 3.91% 13-Dec-2041 | 2.68 |
| Syniverse Holdings, BL 8.40% 13-May-2027 | 1.75 |
| Stratton Hawksmoor PLC 6.72% 25-Feb-2053 | 1.74 |
| Canada Government 15-Jan-2025 | 1.73 |
| Egypt Government 4.75% 16-Apr-2026 | 1.71 |
Desjardins Floating Rate Income Fund A Class
Median
Other - Multi-Sector Fixed Income
| Standard Deviation | 4.85% | 8.46% | 6.78% |
|---|---|---|---|
| Beta | 0.33% | 0.20% | -0.07% |
| Alpha | 0.04% | 0.04% | 0.03% |
| Rsquared | 0.21% | 0.02% | 0.01% |
| Sharpe | 0.26% | 0.20% | 0.24% |
| Sortino | 0.48% | 0.12% | 0.04% |
| Treynor | 0.04% | 0.08% | -0.24% |
| Tax Efficiency | 42.82% | 33.23% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.66% | 4.85% | 8.46% | 6.78% |
| Beta | 0.29% | 0.33% | 0.20% | -0.07% |
| Alpha | 0.10% | 0.04% | 0.04% | 0.03% |
| Rsquared | 0.23% | 0.21% | 0.02% | 0.01% |
| Sharpe | 3.18% | 0.26% | 0.20% | 0.24% |
| Sortino | - | 0.48% | 0.12% | 0.04% |
| Treynor | 0.29% | 0.04% | 0.08% | -0.24% |
| Tax Efficiency | 79.96% | 42.82% | 33.23% | - |
| 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) | $103 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DJT00024 |
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.
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.
| Name | Start Date |
|---|---|
| Desjardins Global Asset Management Inc. | 07-24-2019 |
| Pacific Investment Management Co LLC (PIMCO) | 03-31-2023 |
| Fund Manager | Desjardins Investments Inc. |
|---|---|
| Advisor | Desjardins Global Asset Management Inc. |
| Custodian | Desjardins Trust Inc. |
| Registrar | Desjardins Investments Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| 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 |
| MER | 1.61% |
|---|---|
| Management Fee | 1.25% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.50% |
| Trailer Fee Max (LL) | - |
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