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Evolve Active Global Fixed Income Fund Hedged Class A

Multi-Sector Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$50.35
Change
$0.02 (0.04%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Evolve Active Global Fixed Income Fund Hedged Class A

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Fund Returns

Inception Return (April 23, 2019): 2.12%

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 0.94% 1.47% 5.98% 1.47% 9.50% 4.82% 2.32% 4.02% - - - - - -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 121 / 276 54 / 275 178 / 275 54 / 275 11 / 266 13 / 258 19 / 251 39 / 231 - - - - - -
Quartile Ranking 2 1 3 1 1 1 1 1 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.76% 0.12% 0.47% 1.27% 0.23% 0.44% 0.09% 2.04% 2.26% 0.42% 0.11% 0.94%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

2.67% (July 2022)

Worst Monthly Return Since Inception

-7.56% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 0.08% 0.68% -3.60% 9.33%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - - 4 2 1 1
Category Rank - - - - - - 225/ 230 76/ 248 12/ 258 29/ 266

Best Calendar Return (Last 10 years)

9.33% (2023)

Worst Calendar Return (Last 10 years)

-3.60% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 86.28
Cash and Equivalents 9.48
Mortgages 1.79
Foreign Government Bonds 1.78
International Equity 0.70
Other -0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.86
Cash and Cash Equivalent 9.48
Industrial Services 0.70
Other -0.04

Geographic Allocation

Geographic Allocation
Name Percent
Europe 67.90
North America 29.99
Multi-National 1.48
Latin America 0.63

Top Holdings

Top Holdings
Name Percent
Banco Bilbao Vizcaya Argntr SA 8.25% 31-Aug-2028 1.67
Lloyds Banking Group PLC 8.50% PERP 1.54
CPUK Finance Ltd 5.88% 30-May-2027 1.54
Hammerson PLC 3.50% 27-Jul-2025 1.48
General Motors Financl Co Inc 2.35% 03-Jul-2025 1.47
Unibail-Rodamco-Westfield SE 7.25% PERP 1.42
Grainger PLC 3.38% 24-Jan-2028 1.42
ABN AMRO Bank NV (EUR) 6.88% 31-Dec-2049 1.34
UBS Group AG 9.25% PERP 1.34
Last Mile Logistics Pan Euro Finance DAC 4.66% 17-Aug-2033 1.33

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Evolve Active Global Fixed Income Fund Hedged Class A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 3.95% - -
Beta 0.33% - -
Alpha 0.03% - -
Rsquared 0.34% - -
Sharpe -0.06% - -
Sortino -0.21% - -
Treynor -0.01% - -
Tax Efficiency 80.93% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.57% 3.95% - -
Beta 0.21% 0.33% - -
Alpha 0.08% 0.03% - -
Rsquared 0.21% 0.34% - -
Sharpe 1.71% -0.06% - -
Sortino 24.58% -0.21% - -
Treynor 0.21% -0.01% - -
Tax Efficiency 100.00% 80.93% - -

Fund Details

Start Date April 23, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
EVF131

Investment Objectives

EARN seeks to generate positive returns throughout the interest rate and economic cycles, firstly by allocating to different credit asset classes, and also through bottom-up individual security selection. EARN seeks to provide long term returns in excess of the 3 month U.S. dollar Secured Overnight Financing Rate by investing primarily in global debt securities of corporate issuers.

Investment Strategy

To achieve EARN's investment objective, EARN will invest primarily in global debt securities of corporate issuers, and will invest a minimum of 25% of the portfolio in investment grade debt securities which at the time of acquisition have a rating of at least BBB- (Standard & Poor's and Fitch) or of at least Baa3 (Moody's) or the equivalent by another Rating Agency or, if unrated, as determined by the Sub-Advisor, in its discretion, to be of comparable quality.

Portfolio Manager(s)

Name Start Date
Allianz Global Investors U.S. LLC 11-14-2018
Evolve Funds Group Inc. 11-14-2018

Management and Organization

Fund Manager Evolve Funds Group Inc.
Advisor Evolve Funds Group Inc.
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 0
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 0

Fees

MER 1.73%
Management Fee 1.40%
Load Front 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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