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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
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|
NAVPS (11-19-2024) |
$4.72 |
|---|---|
| Change |
$0.00
(-0.04%)
|
As at October 31, 2024
As at October 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 | 0.35% | 1.92% | 5.52% | 7.70% | 12.07% | 6.60% | -0.38% | 1.27% | 1.27% | 2.08% | 1.31% | 1.86% | 2.03% | 1.82% |
| Benchmark | 2.26% | 3.80% | 8.78% | 13.90% | 17.70% | 14.40% | 6.03% | 4.76% | 4.75% | 5.41% | 4.78% | 4.95% | 5.71% | 6.38% |
| Category Average | -0.34% | 1.96% | 5.58% | 6.30% | 13.32% | 8.38% | 1.37% | 2.95% | 2.78% | 3.24% | 2.70% | 3.06% | 3.36% | 2.90% |
| Category Rank | 59 / 304 | 185 / 303 | 175 / 302 | 96 / 302 | 257 / 302 | 269 / 296 | 268 / 287 | 248 / 277 | 252 / 271 | 231 / 259 | 219 / 237 | 204 / 225 | 189 / 195 | 179 / 182 |
| Quartile Ranking | 1 | 3 | 3 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.84% | 2.18% | 1.19% | 0.34% | 1.02% | -0.48% | 1.44% | 0.39% | 1.66% | 0.76% | 0.80% | 0.35% |
| Benchmark | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% |
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/ 171 | 55/ 183 | 186/ 199 | 159/ 227 | 160/ 238 | 175/ 263 | 132/ 273 | 236/ 278 | 245/ 287 | 277/ 296 |
8.78% (2019)
-11.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 48.12 |
| Canadian Corporate Bonds | 23.86 |
| Foreign Government Bonds | 10.89 |
| Cash and Equivalents | 5.22 |
| Foreign Bonds - Funds | 4.27 |
| Other | 7.64 |
| Name | Percent |
|---|---|
| Fixed Income | 87.72 |
| Cash and Cash Equivalent | 5.22 |
| Utilities | 2.47 |
| Consumer Goods | 1.64 |
| Energy | 1.45 |
| Other | 1.50 |
| Name | Percent |
|---|---|
| North America | 94.29 |
| Multi-National | 4.30 |
| Latin America | 1.40 |
| Europe | 0.01 |
| Name | Percent |
|---|---|
| AGF Credit Opportunities Fund Series Y | 4.27 |
| United States Treasury 3.63% 15-Apr-2028 | 3.68 |
| TransAlta Corp 7.75% 15-Nov-2029 | 1.62 |
| Enova International Inc 11.25% 15-Dec-2028 | 1.60 |
| Bank of Nova Scotia 3.70% 27-Jun-2026 | 1.57 |
| Royal Bank of Canada 3.65% 24-Nov-2081 | 1.54 |
| Groupon Inc 1.13% 15-Mar-2026 | 1.54 |
| Laurentian Bank of Canada 5.30% 15-Jun-2081 | 1.53 |
| United States Treasury 4.63% 30-Jun-2026 | 1.52 |
| Toronto-Dominion Bank 3.60% 01-Oct-2026 | 1.52 |
AGF Global Corporate Bond Fund Mutual Fund Series
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.54% | 8.61% | 6.88% |
|---|---|---|---|
| Beta | 0.60% | 0.91% | 0.70% |
| Alpha | -0.04% | -0.03% | -0.02% |
| Rsquared | 0.53% | 0.59% | 0.51% |
| Sharpe | -0.67% | -0.07% | 0.07% |
| Sortino | -0.70% | -0.19% | -0.17% |
| Treynor | -0.06% | -0.01% | 0.01% |
| Tax Efficiency | - | - | 8.04% |
| Volatility |
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|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.62% | 5.54% | 8.61% | 6.88% |
| Beta | 0.10% | 0.60% | 0.91% | 0.70% |
| Alpha | 0.10% | -0.04% | -0.03% | -0.02% |
| Rsquared | 0.02% | 0.53% | 0.59% | 0.51% |
| Sharpe | 2.62% | -0.67% | -0.07% | 0.07% |
| Sortino | - | -0.70% | -0.19% | -0.17% |
| Treynor | 0.71% | -0.06% | -0.01% | 0.01% |
| Tax Efficiency | 83.45% | - | - | 8.04% |
| 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) | $424 |
| 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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