Join Fund Library now and get free access to personalized features to help you manage your investments.
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-01-2024) |
$5.54 |
|---|---|
| Change |
$0.00
(0.05%)
|
As at March 31, 2024
As at February 29, 2024
Loading...
Inception Return (June 22, 2005): 3.59%
| 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 | 148 / 301 | 257 / 301 | 115 / 299 | 257 / 301 | 152 / 295 | 191 / 289 | 186 / 282 | 164 / 275 | 170 / 267 | 175 / 243 | 168 / 230 | 145 / 202 | 141 / 191 | 132 / 173 |
| Quartile Ranking | 2 | 4 | 2 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 |
| 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% |
8.24% (April 2009)
-18.77% (October 2008)
| 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 | 131/ 184 | 75/ 201 | 75/ 229 | 241/ 241 | 85/ 266 | 168/ 274 | 152/ 276 | 224/ 286 | 89/ 295 |
13.57% (2016)
-11.12% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 93.33 |
| Cash and Equivalents | 6.09 |
| Canadian Corporate Bonds | 0.57 |
| US Equity | 0.00 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 93.90 |
| Cash and Cash Equivalent | 6.09 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| North America | 98.46 |
| Europe | 0.80 |
| Latin America | 0.74 |
| 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 |
NEI Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| 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 |
|
|
|
| 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% |
| 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 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NWT10142 | ||
| NWT10243 | ||
| NWT10343 | ||
| NWT10642 | ||
| NWT842 |
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.
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.
| 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 |
| 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 |
| 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 |
| MER | 2.00% |
|---|---|
| Management Fee | 1.50% |
| Load | Choice of Front or No Load |
| 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) | - |
Join Fund Library now and get free access to personalized features to help you manage your investments.
Fund Library
