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High Yield Fixed Income
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|
NAVPS (09-17-2024) |
$5.69 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at August 31, 2024
As at July 31, 2024
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Inception Return (June 22, 2005): 3.68%
| 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% | 3.36% | 4.43% | 4.42% | 9.64% | 7.40% | 0.80% | 2.43% | 2.34% | 2.54% | 2.21% | 2.78% | 3.19% | 2.56% |
| Benchmark | -0.48% | 4.29% | 5.73% | 9.20% | 13.12% | 12.65% | 3.34% | 3.96% | 3.91% | 4.63% | 4.74% | 4.74% | 5.05% | 6.12% |
| Category Average | 1.07% | 4.82% | 4.82% | 5.37% | 10.01% | 6.68% | 0.91% | 2.64% | 2.66% | 2.89% | 2.71% | 3.01% | 3.27% | 2.74% |
| Category Rank | 83 / 302 | 170 / 301 | 227 / 301 | 260 / 301 | 220 / 299 | 144 / 295 | 203 / 286 | 200 / 276 | 207 / 271 | 197 / 257 | 188 / 238 | 160 / 223 | 143 / 194 | 141 / 184 |
| Quartile Ranking | 2 | 3 | 4 | 4 | 3 | 2 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 4 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.58% | -1.45% | 4.58% | 3.51% | 0.23% | -0.24% | 1.04% | -0.80% | 0.82% | 0.76% | 1.39% | 1.17% |
| Benchmark | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% |
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 | 4 | 3 | 2 | 2 | 4 | 2 | 3 | 3 | 4 | 2 |
| Category Rank | 130/ 173 | 134/ 185 | 77/ 201 | 79/ 229 | 240/ 240 | 86/ 265 | 169/ 275 | 152/ 277 | 225/ 286 | 93/ 295 |
13.57% (2016)
-11.12% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 90.91 |
| Cash and Equivalents | 8.88 |
| Canadian Corporate Bonds | 0.22 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 91.13 |
| Cash and Cash Equivalent | 8.87 |
| Name | Percent |
|---|---|
| North America | 98.65 |
| Europe | 0.86 |
| Latin America | 0.49 |
| Name | Percent |
|---|---|
| CAD Currency Forward | 97.98 |
| US Dollar | 4.82 |
| Cash and Cash Equivalents | 1.42 |
| Tenet Healthcare Corp 6.13% 15-Jun-2030 | 1.07 |
| Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 | 1.05 |
| Barclays PLC 8.00% PERP | 1.04 |
| Jazz Securities DAC 4.38% 15-Jan-2029 | 1.03 |
| Medline Borrower LP 3.88% 01-Apr-2029 | 1.02 |
| Sunrise HoldCo IV BV 5.50% 15-Jan-2028 | 0.99 |
| 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 | 8.39% | 8.84% | 7.18% |
|---|---|---|---|
| Beta | 0.83% | 0.95% | 0.55% |
| Alpha | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.47% | 0.59% | 0.29% |
| Sharpe | -0.25% | 0.06% | 0.18% |
| Sortino | -0.30% | -0.04% | -0.04% |
| Treynor | -0.03% | 0.01% | 0.02% |
| Tax Efficiency | - | - | 14.32% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.34% | 8.39% | 8.84% | 7.18% |
| Beta | 0.57% | 0.83% | 0.95% | 0.55% |
| Alpha | 0.02% | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.14% | 0.47% | 0.59% | 0.29% |
| Sharpe | 0.73% | -0.25% | 0.06% | 0.18% |
| Sortino | 2.33% | -0.30% | -0.04% | -0.04% |
| Treynor | 0.08% | -0.03% | 0.01% | 0.02% |
| Tax Efficiency | 74.47% | - | - | 14.32% |
| 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) | $364 |
| 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) | - |
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