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YTM Capital Fixed Income Alternative Fund Series A

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-16-2024)
$10.34
Change
$0.00 (-0.02%)

As at March 31, 2024

As at September 30, 2023

Period
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Legend

YTM Capital Fixed Income Alternative Fund Series A

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Fund Returns

Inception Return (June 24, 2019): 3.03%

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 0.42% 2.36% 4.74% 2.36% 8.67% 5.97% 3.13% 4.37% - - - - - -
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.82% 6.16% 6.16% 1.92% 6.88% 3.42% 2.11% 5.50% - - - - - -
Category Rank 95 / 120 57 / 120 91 / 119 57 / 120 41 / 116 19 / 102 19 / 75 34 / 52 - - - - - -
Quartile Ranking 4 2 4 2 2 1 2 3 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.84% 0.42% 0.63% 0.86% 0.33% 0.63% 0.18% 1.00% 1.13% 0.98% 0.94% 0.42%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

2.09% (June 2020)

Worst Monthly Return Since Inception

-6.19% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 1.31% 0.23% -0.55% 7.77%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - - - - - - 4 4 2 2
Category Rank - - - - - - 45/ 47 65/ 75 27/ 98 36/ 116

Best Calendar Return (Last 10 years)

7.77% (2023)

Worst Calendar Return (Last 10 years)

-0.55% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 149.59
Cash and Equivalents 64.91
Foreign Corporate Bonds 11.87
Canadian Bonds - Other 6.88
Canadian Equity 1.56
Other -134.81

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 64.91
Fixed Income 33.71
Financial Services 1.56
Other -0.18

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
CDX.NA.IG.41 - Contra -
Bank of Montreal 4.34% 05-Oct-2028 -
National Bank of Canada 2.58% 03-Feb-2025 -
Toronto-Dominion Bank 3.11% 22-Apr-2025 -
Canadian Imperial Bank Commrce 2.95% 19-Jun-2024 -
Goldman Sachs Group Inc 5.95% 29-Apr-2024 -
Bank of America Corp 2.93% 25-Apr-2024 -
Royal Bank of Canada 1.94% 01-May-2025 -
Bank of Nova Scotia 2.84% 03-Jul-2024 -
Morgan Stanley 3.00% 07-Feb-2024 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

YTM Capital Fixed Income Alternative Fund Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.68% - -
Beta 0.11% - -
Alpha 0.03% - -
Rsquared 0.07% - -
Sharpe 0.19% - -
Sortino 0.06% - -
Treynor 0.05% - -
Tax Efficiency 64.79% - -
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 1.06% 2.68% - -
Beta 0.06% 0.11% - -
Alpha 0.08% 0.03% - -
Rsquared 0.15% 0.07% - -
Sharpe 3.40% 0.19% - -
Sortino - 0.06% - -
Treynor 0.60% 0.05% - -
Tax Efficiency 70.50% 64.79% - -

Fund Details

Start Date June 24, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $166

Fund Codes

FundServ Code Load Code Sales Status
YTM401

Investment Objectives

The Fund seeks to provide maximum risk adjusted returns over the long term and to preserve capital, by investing primarily in fixed-income securities, cash, and by entering into derivatives arrangements. It will use alternative strategies including engaging in physical short sales, cash borrowing for investment purposes, and using derivatives, in the process creating leverage.

Investment Strategy

YTM’s strategies are intended to mitigate the impact of market corrections and to deliver returns based on YTM’s expertise in evaluating credit markets.

Portfolio Manager(s)

Name Start Date
YTM Capital Asset Management Ltd. 05-22-2019

Management and Organization

Fund Manager YTM Capital Asset Management Ltd.
Advisor YTM Capital Asset Management Ltd.
Custodian BMO Nesbitt Burns Inc
Registrar SGGG Fund Services Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 2,000
PAC Subsequent 50
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 3.27%
Management Fee 1.90%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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