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NEI Canadian Bond Fund Series A

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Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$8.29
Change
$0.04 (0.43%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

NEI Canadian Bond Fund Series A

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Fund Returns

Inception Return (January 29, 1982): 5.98%

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 1.63% 2.49% 6.46% 4.81% 8.76% 4.62% -0.29% -1.43% 0.35% 1.63% 1.15% 1.20% 1.24% 1.30%
Benchmark 1.51% 2.25% 8.10% 4.64% 8.22% 4.86% 0.01% -0.96% 0.66% 2.03% 1.69% 1.78% 1.96% 2.06%
Category Average 1.56% 2.28% 6.05% 4.52% 8.27% 4.63% -0.37% -1.20% 0.30% 1.59% 1.12% 1.23% 1.37% 1.30%
Category Rank 375 / 666 380 / 659 297 / 639 381 / 630 319 / 628 438 / 605 403 / 589 442 / 560 344 / 528 327 / 490 315 / 446 300 / 422 296 / 372 253 / 343
Quartile Ranking 3 3 2 3 3 3 3 4 3 3 3 3 4 3

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.77% -1.19% -0.41% 0.51% -2.04% 1.61% 1.04% 2.53% 0.27% 2.01% -1.14% 1.63%
Benchmark 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51%

Best Monthly Return Since Inception

4.92% (February 1990)

Worst Monthly Return Since Inception

-4.13% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.67% 2.21% 0.29% 1.47% 0.20% 5.68% 9.47% -3.94% -11.93% 6.00%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 3 3 4 3 3 4 1 4 3 3
Category Rank 232/ 315 191/ 345 370/ 379 305/ 425 318/ 451 386/ 499 103/ 529 542/ 560 314/ 590 451/ 605

Best Calendar Return (Last 10 years)

9.47% (2020)

Worst Calendar Return (Last 10 years)

-11.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 53.53
Canadian Government Bonds 41.65
Cash and Equivalents 3.27
Foreign Government Bonds 1.51
Other 0.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.68
Cash and Cash Equivalent 3.27
Mutual Fund 0.02
Other 0.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.75
Asia 0.13
Europe 0.08
Multi-National 0.02
Other 0.02

Top Holdings

Top Holdings
Name Percent
NEI Canadian Impact Bond Fund I 9.66
Ontario Province 4.15% 02-Jun-2034 6.81
Sun Life Financial Inc 2.80% 21-Nov-2028 4.36
Ontario Province 5.85% 08-Mar-2033 4.10
Bank of Nova Scotia 5.50% 29-Dec-2025 3.89
Ontario Province 1.90% 02-Dec-2051 3.74
Ontario Province 3.75% 02-Jun-2032 3.70
Royal Bank of Canada 4.00% 17-Oct-2030 2.24
Ontario Province 4.60% 02-Dec-2055 2.04
British Columbia Province 4.15% 18-Jun-2034 1.84

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NEI Canadian Bond Fund Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.50% 6.71% 5.39%
Beta 1.03% 1.02% 0.98%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.95% 0.95% 0.95%
Sharpe -0.48% -0.26% -0.03%
Sortino -0.55% -0.49% -0.40%
Treynor -0.03% -0.02% 0.00%
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.92% 7.50% 6.71% 5.39%
Beta 0.89% 1.03% 1.02% 0.98%
Alpha 0.01% 0.00% 0.00% -0.01%
Rsquared 0.80% 0.95% 0.95% 0.95%
Sharpe 0.69% -0.48% -0.26% -0.03%
Sortino 1.80% -0.55% -0.49% -0.40%
Treynor 0.05% -0.03% -0.02% 0.00%
Tax Efficiency 80.33% - - -

Fund Details

Start Date January 29, 1982
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,129

Fund Codes

FundServ Code Load Code Sales Status
NWT062
NWT10062
NWT162
NWT262
NWT362
NWT662

Investment Objectives

The Fund aims to provide high current income while protecting your original investment. It invests mostly in bonds, debentures and securities that are issued or guaranteed by the Government of Canada, a province or Canadian companies, and money market securities. The Fund follows a responsible approach to investing, as described on pages 74 to 79 of this prospectus.

Investment Strategy

All decisions and strategies are based on seeking the preservation of capital and an active approach to adding value. The analysis of a fixed income investment is based on both an objective analysis based on credit ratings (both internal and external) and subjective judgment based on the outlook for the company and industry. The Portfolio Sub-Advisor makes gradual changes in the portfolio and captures incremental capital gains.

Portfolio Manager(s)

Name Start Date
Northwest & Ethical Investments L.P. 10-01-2004
Aubrey Basdeo 10-24-2022

Management and Organization

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

Investment Minimums

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

Fees

MER 1.62%
Management Fee 1.15%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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