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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (04-04-2025) |
$5.44 |
|---|---|
| Change |
-$0.05
(-0.93%)
|
As at February 28, 2025
As at January 31, 2025
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Inception Return (June 22, 2005): 3.70%
| 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 | 0.39% | 0.79% | 2.13% | 1.72% | 6.66% | 7.54% | 2.72% | 1.94% | 2.70% | 3.03% | 2.56% | 2.49% | 4.15% | 2.82% |
| Benchmark | 0.36% | 4.44% | 9.83% | 2.31% | 16.13% | 13.40% | 8.80% | 5.52% | 5.20% | 5.67% | 5.57% | 5.31% | 6.56% | 6.01% |
| Category Average | 0.56% | 1.22% | 3.26% | 1.57% | 8.24% | 7.59% | 3.19% | 2.16% | 3.00% | 3.30% | 3.05% | 3.04% | 4.20% | 3.07% |
| Category Rank | 225 / 283 | 256 / 283 | 267 / 283 | 103 / 283 | 263 / 281 | 209 / 275 | 232 / 269 | 207 / 263 | 203 / 252 | 203 / 244 | 190 / 221 | 178 / 209 | 155 / 200 | 151 / 189 |
| Quartile Ranking | 4 | 4 | 4 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.04% | -0.80% | 0.82% | 0.76% | 1.39% | 1.18% | 1.03% | -0.48% | 0.79% | -0.92% | 1.32% | 0.39% |
| Benchmark | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% |
8.24% (April 2009)
-18.77% (October 2008)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -4.62% | 13.57% | 5.62% | -6.07% | 11.75% | 4.03% | 3.58% | -11.12% | 10.27% | 4.85% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 3 | 2 | 2 | 4 | 2 | 3 | 3 | 4 | 2 | 4 |
| Category Rank | 134/ 182 | 77/ 199 | 78/ 208 | 219/ 219 | 86/ 244 | 166/ 252 | 155/ 257 | 213/ 266 | 97/ 275 | 268/ 281 |
13.57% (2016)
-11.12% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 94.57 |
| Cash and Equivalents | 5.13 |
| Canadian Corporate Bonds | 0.22 |
| US Equity | 0.08 |
| Name | Percent |
|---|---|
| Fixed Income | 94.79 |
| Cash and Cash Equivalent | 5.13 |
| Other | 0.08 |
| Name | Percent |
|---|---|
| North America | 99.18 |
| Europe | 0.82 |
| Name | Percent |
|---|---|
| CAD/USD FWD 20250206 | 97.34 |
| Barclays PLC 8.00% PERP | 1.10 |
| Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 | 1.09 |
| Jazz Securities DAC 4.38% 17-Jan-2025 | 1.08 |
| Medline Borrower LP 3.88% 01-Apr-2029 | 1.05 |
| Tenet Healthcare Corp 6.13% 15-Jun-2030 | 1.04 |
| Sunrise HoldCo IV BV 5.50% 15-Jan-2028 | 1.04 |
| Olympus Water US Holding Corp 6.25% 01-Oct-2029 | 1.01 |
| Smyrna Ready MIX Concrete LLC 6.00% 01-Nov-2028 | 0.96 |
| Transocean Inc 8.50% 15-May-2031 | 0.87 |
NEI Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 8.22% | 8.84% | 7.12% |
|---|---|---|---|
| Beta | 0.89% | 0.92% | 0.60% |
| Alpha | -0.05% | -0.02% | -0.01% |
| Rsquared | 0.48% | 0.57% | 0.31% |
| Sharpe | -0.09% | 0.08% | 0.19% |
| Sortino | 0.00% | 0.01% | 0.01% |
| Treynor | -0.01% | 0.01% | 0.02% |
| Tax Efficiency | 0.56% | 3.92% | 21.67% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.84% | 8.22% | 8.84% | 7.12% |
| Beta | -0.04% | 0.89% | 0.92% | 0.60% |
| Alpha | 0.07% | -0.05% | -0.02% | -0.01% |
| Rsquared | 0.00% | 0.48% | 0.57% | 0.31% |
| Sharpe | 0.85% | -0.09% | 0.08% | 0.19% |
| Sortino | 2.02% | 0.00% | 0.01% | 0.01% |
| Treynor | -0.64% | -0.01% | 0.01% | 0.02% |
| Tax Efficiency | 63.53% | 0.56% | 3.92% | 21.67% |
| 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) | $363 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NWT10142 |
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.
| Portfolio Manager |
Northwest & Ethical Investments L.P. |
|---|---|
| Sub-Advisor |
Principal Global Investors, LLC
|
| Fund Manager |
Northwest & Ethical Investments L.P. |
|---|---|
| Custodian |
Desjardins Trust Inc. |
| Registrar |
Northwest & Ethical Investments L.P. |
| Distributor |
Aviso Financial Inc. |
| 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 | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.75% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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