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AGF Global Corporate Bond Fund Mutual Fund Series

High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(05-16-2024)
$4.61
Change
-$0.02 (-0.41%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

AGF Global Corporate Bond Fund Mutual Fund Series

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Fund Returns

Inception Return (February 28, 1994): 4.25%

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 -0.48% 0.87% 6.21% 2.07% 4.21% 0.23% -2.30% 3.06% 0.56% 0.93% 0.58% 2.04% 1.31% 1.44%
Benchmark 0.55% 3.28% 8.20% 4.71% 10.33% 8.77% 3.34% 4.51% 3.12% 4.18% 3.35% 5.49% 5.30% 5.68%
Category Average -0.86% 7.34% 7.34% 0.69% 6.00% 2.76% 0.06% 3.64% 1.99% 2.27% 2.19% 3.05% 2.45% 2.45%
Category Rank 105 / 294 102 / 294 259 / 294 85 / 294 261 / 288 271 / 285 261 / 276 209 / 269 237 / 262 219 / 243 213 / 230 187 / 196 177 / 185 164 / 169
Quartile Ranking 2 2 4 2 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.67% 0.35% 0.90% 0.08% -0.76% -1.77% 1.84% 2.18% 1.19% 0.34% 1.02% -0.48%
Benchmark -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55%

Best Monthly Return Since Inception

5.92% (May 2020)

Worst Monthly Return Since Inception

-13.37% (March 2020)

Calendar Return (%)

Calendar Return
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 59/ 166 53/ 178 183/ 195 157/ 223 158/ 235 172/ 260 131/ 268 229/ 270 238/ 279 269/ 288

Best Calendar Return (Last 10 years)

8.78% (2019)

Worst Calendar Return (Last 10 years)

-11.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 45.84
Canadian Corporate Bonds 39.75
Foreign Government Bonds 6.22
Canadian Equity 3.21
Cash and Equivalents 2.38
Other 2.60

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.40
Cash and Cash Equivalent 2.38
Utilities 2.03
Energy 1.17
Consumer Goods 0.82
Other 1.20

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.85
Latin America 1.45
Europe 0.64
Multi-National -0.94

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.75% 31-Dec-2028 3.55
Cash and Cash Equivalents 2.83
Government of United States of America 4.50% 15-Apr-2027 2.71
Rogers Communications Inc 5.00% 17-Dec-2081 2.67
Videotron Ltd 4.50% 15-Jan-2030 2.52
United States Treasury 4.50% 31-Mar-2026 2.42
Citigroup Inc 4.09% 09-Jun-2025 1.99
Wells Fargo & Co 4.17% 28-Apr-2025 1.75
Cinemark USA Inc 5.88% 15-Mar-2026 1.69
Northland Power Inc 9.25% 30-Jun-2083 1.67

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

AGF Global Corporate Bond Fund Mutual Fund Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.38% 8.58% 6.88%
Beta 0.55% 0.94% 0.71%
Alpha -0.04% -0.02% -0.02%
Rsquared 0.52% 0.59% 0.51%
Sharpe -0.92% -0.12% 0.04%
Sortino -1.10% -0.29% -0.24%
Treynor -0.09% -0.01% 0.00%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.99% 5.38% 8.58% 6.88%
Beta 0.31% 0.55% 0.94% 0.71%
Alpha 0.01% -0.04% -0.02% -0.02%
Rsquared 0.12% 0.52% 0.59% 0.51%
Sharpe -0.15% -0.92% -0.12% 0.04%
Sortino 0.47% -1.10% -0.29% -0.24%
Treynor -0.02% -0.09% -0.01% 0.00%
Tax Efficiency 51.90% - - -

Fund Details

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) $419

Fund Codes

FundServ Code Load Code Sales Status
AGF237
AGF419
AGF420

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
Andy Kochar 08-07-2018
AGF Investments LLC 04-26-2023

Management and Organization

Fund Manager AGF Investments Inc.
Advisor AGF Investments Inc.
Custodian CIBC Mellon Trust Company
Registrar AGF CustomerFirst Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 50
SWP Min Withdrawal 50

Fees

MER 1.86%
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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