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NEI Global High Yield Bond Fund Series A

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
(04-18-2024)
$5.52
Change
-$0.01 (-0.15%)

As at March 31, 2024

As at February 29, 2024

Period
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Legend

NEI Global High Yield Bond Fund Series A

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Fund Returns

Inception Return (June 22, 2005): 3.59%

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 1.04% 1.02% 7.78% 1.02% 7.96% 1.80% 0.68% 4.92% 2.35% 2.20% 2.06% 3.49% 2.53% 2.43%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.04% 7.26% 7.26% 1.57% 7.54% 1.83% 0.64% 4.84% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 147 / 300 256 / 300 114 / 298 256 / 300 152 / 294 190 / 288 185 / 281 164 / 274 169 / 266 174 / 242 167 / 229 144 / 201 140 / 190 132 / 173
Quartile Ranking 2 4 2 4 3 3 3 3 3 3 3 3 3 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.80% -1.31% 1.05% 0.92% 0.31% -1.58% -1.45% 4.58% 3.51% 0.23% -0.24% 1.04%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

8.24% (April 2009)

Worst Monthly Return Since Inception

-18.77% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.12% -4.62% 13.57% 5.62% -6.07% 11.75% 4.03% 3.58% -11.12% 10.27%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 3 3 2 2 4 2 3 3 4 2
Category Rank 127/ 172 130/ 183 75/ 200 75/ 228 240/ 240 85/ 265 167/ 273 152/ 275 223/ 285 89/ 294

Best Calendar Return (Last 10 years)

13.57% (2016)

Worst Calendar Return (Last 10 years)

-11.12% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 93.33
Cash and Equivalents 6.09
Canadian Corporate Bonds 0.57
US Equity 0.00
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.90
Cash and Cash Equivalent 6.09
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.46
Europe 0.80
Latin America 0.74

Top Holdings

Top Holdings
Name Percent
CAD/USD FWD 20240306 99.08
US Dollar 3.45
Cash and Cash Equivalents 1.45
Tenet Healthcare Corp 6.13% 15-Jun-2030 1.08
Jazz Securities DAC 4.38% 15-Jan-2029 1.03
Barclays PLC 8.00% PERP 1.02
Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 1.02
UPC Holding BV 5.50% 15-Jan-2028 1.01
Medline Borrower LP 3.88% 01-Apr-2029 1.00
Smyrna Ready MIX Concrete LLC 6.00% 01-Nov-2028 0.93

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NEI Global High Yield Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 8.34% 8.86% 7.17%
Beta 0.82% 0.96% 0.55%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.47% 0.60% 0.28%
Sharpe -0.19% 0.09% 0.18%
Sortino -0.32% -0.04% -0.06%
Treynor -0.02% 0.01% 0.02%
Tax Efficiency - - 12.32%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.47% 8.34% 8.86% 7.17%
Beta 0.61% 0.82% 0.96% 0.55%
Alpha 0.01% -0.02% -0.01% -0.01%
Rsquared 0.18% 0.47% 0.60% 0.28%
Sharpe 0.48% -0.19% 0.09% 0.18%
Sortino 1.63% -0.32% -0.04% -0.06%
Treynor 0.05% -0.02% 0.01% 0.02%
Tax Efficiency 69.49% - - 12.32%

Fund Details

Start Date June 22, 2005
Instrument Type Mutual Fund (Wrap Program, Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $348

Fund Codes

FundServ Code Load Code Sales Status
NWT10142
NWT10243
NWT10343
NWT10642
NWT842

Investment Objectives

The investment objective of this Fund is to provide a high level of current income while maintaining security of capital. The Fund invests primarily in a diversified portfolio of high-yield, higher risk, global corporate bonds and notes and may also invest in other fixed income investments with similar characteristics.

Investment Strategy

The Portfolio Sub-Advisor uses an investment strategy that focuses on providing added value through rigorous fundamental research, a global perspective, and dynamic risk management. The Portfolio Sub-Advisor focuses on fundamental credit research and uses a factor/variable framework to determine buy candidates and sector weighting.

Portfolio Manager(s)

Name Start Date
Northwest & Ethical Investments L.P. 07-16-2009
Darrin E. Smith 05-08-2015
Mark P. Denkinger 05-08-2015
Joshua Rank 05-08-2015

Management and Organization

Fund Manager Northwest & Ethical Investments L.P.
Advisor Northwest & Ethical Investments L.P.
Custodian Desjardins Trust Inc.
Registrar Northwest & Ethical Investments L.P.
Distributor Credential Asset Management Inc.
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.00%
Management Fee 1.50%
Load Choice of Front or Back
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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