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Multi-Sector Fixed Income
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2024, 2023
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|
NAVPS (04-04-2025) |
$8.97 |
|---|---|
| Change |
-$0.07
(-0.76%)
|
As at February 28, 2025
As at February 28, 2025
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Inception Return (May 12, 2014): 2.99%
| 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 | 0.59% | 2.15% | 4.74% | 1.69% | 8.89% | 9.03% | 6.56% | 4.56% | 4.00% | 3.90% | 3.52% | 3.68% | 4.81% | 3.46% |
| Benchmark | 1.02% | 3.13% | 6.53% | 2.44% | 11.44% | 8.27% | 3.43% | 1.17% | 0.75% | 2.37% | 2.46% | 2.47% | 2.49% | 2.96% |
| Category Average | 0.97% | 0.85% | 1.87% | 1.72% | 6.04% | - | - | - | - | - | - | - | - | - |
| Category Rank | 295 / 343 | 28 / 339 | 38 / 326 | 181 / 339 | 56 / 323 | 23 / 312 | 15 / 305 | 21 / 293 | 23 / 270 | 36 / 253 | 41 / 225 | 24 / 189 | 17 / 133 | 19 / 110 |
| Quartile Ranking | 4 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.17% | 0.63% | 0.32% | -0.19% | 1.17% | 0.79% | 1.06% | 0.85% | 0.61% | 0.46% | 1.09% | 0.59% |
| Benchmark | 0.67% | -0.78% | 0.36% | 1.11% | 3.56% | -0.33% | 1.97% | 0.33% | 0.96% | 0.67% | 1.41% | 1.02% |
3.32% (November 2020)
-14.99% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -3.32% | 8.24% | 6.50% | -1.85% | 8.98% | -1.72% | 3.40% | -4.03% | 9.76% | 9.75% |
| Benchmark | 16.14% | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% |
| Category Average | - | - | - | - | - | - | - | - | - | 3.89% |
| Quartile Ranking | 4 | 1 | 1 | 3 | 2 | 4 | 1 | 1 | 1 | 1 |
| Category Rank | 100/ 107 | 28/ 131 | 16/ 189 | 156/ 225 | 74/ 253 | 261/ 269 | 36/ 290 | 21/ 305 | 22/ 312 | 21/ 322 |
9.76% (2023)
-4.03% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 59.25 |
| Foreign Government Bonds | 16.53 |
| Cash and Equivalents | 10.50 |
| Mortgages | 7.49 |
| Derivatives | 4.62 |
| Other | 1.61 |
| Name | Percent |
|---|---|
| Fixed Income | 84.77 |
| Cash and Cash Equivalent | 10.51 |
| Real Estate | 0.06 |
| Telecommunications | 0.03 |
| Consumer Services | 0.01 |
| Other | 4.62 |
| Name | Percent |
|---|---|
| North America | 61.37 |
| Europe | 24.12 |
| Latin America | 8.71 |
| Africa and Middle East | 4.12 |
| Other | 1.68 |
| Name | Percent |
|---|---|
| Federal National Mrtgage Assoc 6.50% 13-Mar-2025 | 9.73 |
| Canada Government 07-May-2025 | 3.62 |
| Canada Government 22-May-2025 | 3.15 |
| AmSurg | 3.05 |
| Eurosail, Series 2007-1X, Class C1A, Mezzanine 3.33% 13-Dec-2041 | 2.55 |
| Canada Government 24-Apr-2025 | 1.77 |
| Syniverse Holdings, BL 8.40% 13-May-2027 | 1.75 |
| Stratton Hawksmoor PLC 6.46% 25-Feb-2053 | 1.70 |
| Canada Government 27-Mar-2025 | 1.58 |
| Cote D'Ivoire Government 5.25% 22-Mar-2030 | 1.56 |
Desjardins Floating Rate Income Fund A Class
Median
Other - Multi-Sector Fixed Income
| Standard Deviation | 4.50% | 8.38% | 6.67% |
|---|---|---|---|
| Beta | 0.35% | 0.26% | -0.03% |
| Alpha | 0.05% | 0.04% | 0.04% |
| Rsquared | 0.25% | 0.04% | 0.00% |
| Sharpe | 0.59% | 0.23% | 0.30% |
| Sortino | 1.09% | 0.18% | 0.11% |
| Treynor | 0.08% | 0.07% | -0.69% |
| Tax Efficiency | 51.42% | 34.09% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.39% | 4.50% | 8.38% | 6.67% |
| Beta | 0.13% | 0.35% | 0.26% | -0.03% |
| Alpha | 0.07% | 0.05% | 0.04% | 0.04% |
| Rsquared | 0.12% | 0.25% | 0.04% | 0.00% |
| Sharpe | 3.22% | 0.59% | 0.23% | 0.30% |
| Sortino | - | 1.09% | 0.18% | 0.11% |
| Treynor | 0.36% | 0.08% | 0.07% | -0.69% |
| Tax Efficiency | 59.25% | 51.42% | 34.09% | - |
| 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) | $107 |
| 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.
| Portfolio Manager |
Desjardins Global Asset Management Inc. |
|---|---|
| Sub-Advisor |
Pacific Investment Management Co LLC (PIMCO) |
| Fund Manager |
Desjardins Investments Inc. |
|---|---|
| Custodian |
Desjardins Trust Inc. |
| Registrar |
Desjardins Investments Inc. |
| Distributor |
- |
| 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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