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Alternative Credit Focus
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|
NAVPS (11-19-2024) |
$9.75 |
|---|---|
| Change |
-$0.01
(-0.15%)
|
As at October 31, 2024
As at September 30, 2024
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Inception Return (July 10, 2019): 6.02%
| 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 | -0.06% | 0.96% | 3.27% | 7.56% | 13.47% | 9.55% | 5.24% | 6.57% | 5.87% | - | - | - | - | - |
| Benchmark | -1.07% | 1.25% | 6.50% | 3.09% | 11.09% | 5.28% | -0.23% | -1.11% | 0.36% | 1.97% | 1.60% | 1.33% | 1.81% | 2.06% |
| Category Average | 0.25% | 1.99% | 4.91% | 6.68% | 11.57% | 7.89% | 3.26% | 4.09% | 4.09% | - | - | - | - | - |
| Category Rank | 100 / 127 | 115 / 125 | 85 / 113 | 40 / 113 | 35 / 112 | 15 / 95 | 16 / 90 | 7 / 67 | 6 / 38 | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.33% | 2.09% | 1.20% | 0.51% | 1.63% | 0.75% | 0.97% | 0.07% | 1.24% | 0.10% | 0.92% | -0.06% |
| Benchmark | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% |
7.07% (April 2020)
-16.63% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 7.71% | 4.05% | 0.44% | 8.35% |
| 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 | - | - | - | - | - | - | 2 | 2 | 1 | 2 |
| Category Rank | - | - | - | - | - | - | 17/ 39 | 23/ 67 | 20/ 90 | 30/ 108 |
8.35% (2023)
0.44% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 96.88 |
| Cash and Equivalents | 28.86 |
| Canadian Corporate Bonds | 21.94 |
| Canadian Government Bonds | 11.64 |
| US Equity | 8.36 |
| Other | -67.68 |
| Name | Percent |
|---|---|
| Fixed Income | 65.09 |
| Cash and Cash Equivalent | 28.86 |
| Financial Services | 8.28 |
| Technology | 0.02 |
| Healthcare | 0.01 |
| Other | -2.26 |
| Name | Percent |
|---|---|
| North America | 50.64 |
| Europe | 49.41 |
| Asia | -0.01 |
| Other | -0.04 |
| Name | Percent |
|---|---|
| Canada Government 4.00% 01-Aug-2026 | 21.30 |
| Charter Communicatns Oprtg LLC 6.55% 01-Mar-2034 | 5.14 |
| Citigroup Inc 4.54% 19-Sep-2029 | 3.77 |
| BARCLAYS PLC FRN 05/31/2036 | 3.51 |
| Algonquin Power & Utils Corp 5.37% 15-Jun-2026 | 3.48 |
| Bank of America Corp - Pfd | 3.06 |
| ING GROEP NV FRN 08/26/2035 | 2.95 |
| VW CP 10/02/2024 CAD | 2.91 |
| Transcanada Pipelines Ltd 3.80% 05-Feb-2027 | 2.73 |
| Rogers Communications Inc 5.70% 21-Sep-2028 | 2.66 |
RP Alternative Global Bond Fund Class A
Median
Other - Alternative Credit Focus
| Standard Deviation | 3.81% | 9.39% | - |
|---|---|---|---|
| Beta | 0.27% | 0.61% | - |
| Alpha | 0.05% | 0.06% | - |
| Rsquared | 0.26% | 0.17% | - |
| Sharpe | 0.45% | 0.42% | - |
| Sortino | 0.99% | 0.41% | - |
| Treynor | 0.06% | 0.06% | - |
| Tax Efficiency | 58.75% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.34% | 3.81% | 9.39% | - |
| Beta | 0.27% | 0.27% | 0.61% | - |
| Alpha | 0.10% | 0.05% | 0.06% | - |
| Rsquared | 0.31% | 0.26% | 0.17% | - |
| Sharpe | 2.43% | 0.45% | 0.42% | - |
| Sortino | 24.93% | 0.99% | 0.41% | - |
| Treynor | 0.30% | 0.06% | 0.06% | - |
| Tax Efficiency | 85.30% | 58.75% | - | - |
| Start Date | July 10, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| RPD200 |
The investment objective of the Fund is to generate attractive risk-adjusted returns with an emphasis on capital preservation. The Fund will invest primarily in investment grade debt and debt-like securities of corporations and financial institutions. The Fund may also use derivatives for leverage, engage in short selling and borrow cash for investment purposes.
To achieve the investment objective, the Fund intends to invest primarily in investment grade debt securities rated BBB- and above by Standard & Poor’s (or equivalent rating agency) from anywhere around the world, with a focus on G7 countries. The Fund may invest in corporate bonds, government and agency debt, high quality asset backed paper, floating rate notes, credit derivatives, preferred shares, and loans.
| Name | Start Date |
|---|---|
| Ilias Lagopoulos | 10-18-2019 |
| Michael Quinn | 10-18-2019 |
| David Matheson | 10-18-2019 |
| Fund Manager | RP Investment Advisors |
|---|---|
| Advisor | RP Investment Advisors |
| Custodian | The Northern Trust Company Canada |
| Registrar | Apex Fund Services (Canada) Ltd. |
| Distributor | - |
| Auditor | Deloitte LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.91% |
|---|---|
| Management Fee | 1.40% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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