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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
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|
NAVPS (10-09-2024) |
$4.70 |
|---|---|
| Change |
$0.00
(0.10%)
|
As at September 30, 2024
As at August 31, 2024
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Inception Return (February 28, 1994): 4.36%
| 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 | 0.80% | 3.26% | 4.64% | 7.33% | 9.70% | 6.50% | -0.77% | 1.22% | 1.24% | 1.74% | 1.54% | 1.87% | 2.27% | 1.94% |
| Benchmark | 2.00% | 4.50% | 6.96% | 11.39% | 16.92% | 13.88% | 3.99% | 4.21% | 4.33% | 4.99% | 4.94% | 4.89% | 5.51% | 6.30% |
| Category Average | 1.23% | 5.02% | 5.02% | 6.67% | 12.65% | 9.09% | 1.37% | 3.08% | 2.89% | 3.06% | 2.83% | 3.11% | 3.64% | 3.00% |
| Category Rank | 274 / 305 | 254 / 304 | 233 / 303 | 115 / 303 | 277 / 301 | 273 / 297 | 269 / 288 | 247 / 275 | 255 / 271 | 237 / 256 | 219 / 237 | 203 / 222 | 188 / 194 | 180 / 183 |
| Quartile Ranking | 4 | 4 | 4 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.77% | 1.84% | 2.18% | 1.19% | 0.34% | 1.02% | -0.48% | 1.44% | 0.39% | 1.66% | 0.76% | 0.80% |
| Benchmark | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% |
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/ 172 | 55/ 184 | 187/ 200 | 160/ 228 | 160/ 239 | 176/ 264 | 133/ 274 | 237/ 279 | 246/ 288 | 278/ 297 |
8.78% (2019)
-11.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 46.54 |
| Canadian Corporate Bonds | 29.93 |
| Foreign Government Bonds | 10.26 |
| Cash and Equivalents | 6.82 |
| Canadian Equity | 2.92 |
| Other | 3.53 |
| Name | Percent |
|---|---|
| Fixed Income | 87.13 |
| Cash and Cash Equivalent | 6.82 |
| Utilities | 2.50 |
| Energy | 1.22 |
| Consumer Goods | 0.73 |
| Other | 1.60 |
| Name | Percent |
|---|---|
| North America | 98.54 |
| Latin America | 1.43 |
| Multi-National | 0.01 |
| Europe | 0.01 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| United States Treasury 3.63% 15-Apr-2028 | 3.34 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 2.63 |
| United States Treasury 5.25% 15-Nov-2028 | 2.18 |
| Bank of America Corp 3.62% 16-Mar-2027 | 2.16 |
| Wells Fargo & Co 4.17% 28-Apr-2025 | 1.96 |
| Capital Power Corp. 7.95% 09-Sep-2082 | 1.67 |
| Northland Power Inc 9.25% 30-Jun-2083 | 1.64 |
| TransAlta Corp 7.75% 15-Nov-2029 | 1.57 |
| Coast Capital Savings FCU 8.88% 02-May-2033 | 1.56 |
| Videotron Ltd 4.50% 15-Oct-2024 | 1.53 |
AGF Global Corporate Bond Fund Mutual Fund Series
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.55% | 8.61% | 6.89% |
|---|---|---|---|
| Beta | 0.56% | 0.92% | 0.71% |
| Alpha | -0.03% | -0.03% | -0.02% |
| Rsquared | 0.51% | 0.59% | 0.51% |
| Sharpe | -0.72% | -0.07% | 0.09% |
| Sortino | -0.78% | -0.19% | -0.15% |
| Treynor | -0.07% | -0.01% | 0.01% |
| Tax Efficiency | - | - | 14.44% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.76% | 5.55% | 8.61% | 6.89% |
| Beta | 0.09% | 0.56% | 0.92% | 0.71% |
| Alpha | 0.08% | -0.03% | -0.03% | -0.02% |
| Rsquared | 0.01% | 0.51% | 0.59% | 0.51% |
| Sharpe | 1.23% | -0.72% | -0.07% | 0.09% |
| Sortino | 2.96% | -0.78% | -0.19% | -0.15% |
| Treynor | 0.53% | -0.07% | -0.01% | 0.01% |
| Tax Efficiency | 80.20% | - | - | 14.44% |
| 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) | $426 |
| 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 | 1.50% |
| 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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