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High Yield Fixed Income
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|
NAVPS (07-25-2024) |
$4.66 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at June 30, 2024
As at May 31, 2024
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Inception Return (February 28, 1994): 4.29%
| 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% | 1.34% | 3.94% | 3.94% | 6.47% | 3.88% | -2.13% | 1.55% | 0.71% | 1.36% | 1.04% | 2.11% | 1.57% | 1.55% |
| Benchmark | 1.79% | 2.35% | 6.59% | 6.59% | 14.42% | 13.47% | 3.38% | 3.80% | 3.77% | 4.27% | 4.15% | 5.14% | 5.27% | 5.98% |
| Category Average | 0.68% | 2.56% | 2.56% | 2.56% | 7.97% | 6.42% | 0.23% | 2.95% | 2.20% | 2.59% | 2.42% | 3.11% | 2.73% | 2.49% |
| Category Rank | 267 / 301 | 110 / 301 | 84 / 301 | 84 / 301 | 263 / 295 | 268 / 292 | 272 / 286 | 240 / 276 | 250 / 270 | 224 / 250 | 220 / 238 | 196 / 221 | 186 / 193 | 166 / 181 |
| Quartile Ranking | 4 | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.90% | 0.08% | -0.76% | -1.77% | 1.84% | 2.18% | 1.19% | 0.34% | 1.02% | -0.48% | 1.44% | 0.39% |
| Benchmark | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% |
5.92% (May 2020)
-13.37% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.94% | -0.43% | 6.08% | 4.05% | -3.31% | 8.78% | 5.34% | 1.05% | -11.74% | 4.18% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 2 | 2 | 4 | 3 | 3 | 3 | 2 | 4 | 4 | 4 |
| Category Rank | 64/ 173 | 55/ 185 | 188/ 201 | 161/ 229 | 161/ 240 | 176/ 265 | 134/ 275 | 235/ 277 | 244/ 286 | 276/ 295 |
8.78% (2019)
-11.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 51.06 |
| Canadian Corporate Bonds | 36.17 |
| Foreign Government Bonds | 4.43 |
| Canadian Equity | 3.95 |
| Cash and Equivalents | 1.44 |
| Other | 2.95 |
| Name | Percent |
|---|---|
| Fixed Income | 92.26 |
| Utilities | 2.69 |
| Cash and Cash Equivalent | 1.44 |
| Consumer Goods | 1.25 |
| Energy | 1.19 |
| Other | 1.17 |
| Name | Percent |
|---|---|
| North America | 97.27 |
| Latin America | 1.43 |
| Europe | 1.03 |
| Multi-National | 0.27 |
| Name | Percent |
|---|---|
| United States Treasury 4.63% 30-Apr-2029 | 2.71 |
| Government of United States of America 4.25% 15-Mar-2027 | 2.68 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 2.66 |
| Videotron Ltd 4.50% 15-Jan-2030 | 2.56 |
| Northland Power Inc 9.25% 30-Jun-2083 | 1.68 |
| Cinemark USA Inc 5.88% 15-Mar-2026 | 1.66 |
| Capital Power Corp 7.95% 09-Sep-2082 | 1.58 |
| TransAlta Corp 7.75% 15-Nov-2029 | 1.56 |
| Coast Capital Savings FCU 8.88% 02-May-2033 | 1.52 |
| Toronto-Dominion Bank 7.00% 20-Oct-2026 | 1.50 |
AGF Global Corporate Bond Fund Mutual Fund Series
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.42% | 8.58% | 6.89% |
|---|---|---|---|
| Beta | 0.56% | 0.94% | 0.71% |
| Alpha | -0.04% | -0.03% | -0.03% |
| Rsquared | 0.50% | 0.60% | 0.51% |
| Sharpe | -0.93% | -0.12% | 0.04% |
| Sortino | -1.06% | -0.27% | -0.22% |
| Treynor | -0.09% | -0.01% | 0.00% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.95% | 5.42% | 8.58% | 6.89% |
| Beta | 0.17% | 0.56% | 0.94% | 0.71% |
| Alpha | 0.04% | -0.04% | -0.03% | -0.03% |
| Rsquared | 0.02% | 0.50% | 0.60% | 0.51% |
| Sharpe | 0.38% | -0.93% | -0.12% | 0.04% |
| Sortino | 1.41% | -1.06% | -0.27% | -0.22% |
| Treynor | 0.09% | -0.09% | -0.01% | 0.00% |
| Tax Efficiency | 69.61% | - | - | - |
| Start Date | February 28, 1994 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $422 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| AGF237 | ||
| AGF419 | ||
| AGF420 |
The Fund's objective is to generate a high level of income and maximize return by investing primarily in fixed income securities issued or guaranteed by corporations around the world and rated BB+ equivalent or lower.
The portfolio manager seeks to maximize the total return of the portfolio through a bottom-up approach to corporate fixed-income security selection and a top-down approach to category allocation and duration management. This Fund may also invest in floating rate loans. The portfolio manager aims to select fixed-income securities that provide an attractive return relative to the risk of each credit.
| Name | Start Date |
|---|---|
| Andy Kochar | 08-07-2018 |
| AGF Investments LLC | 04-26-2023 |
| Fund Manager | AGF Investments Inc. |
|---|---|
| Advisor | AGF Investments Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | AGF CustomerFirst Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 50 |
| SWP Min Withdrawal | 50 |
| MER | 1.85% |
|---|---|
| Management Fee | 1.20% |
| Load | Choice of Front or No Load |
| FE Max | 6.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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