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Alternative Credit Focus
|
NAVPS (07-04-2025) |
$10.32 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at May 31, 2025
As at April 30, 2025
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Inception Return (May 13, 2024): 6.82%
| 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 | 0.41% | -0.27% | 1.33% | 1.10% | 6.92% | - | - | - | - | - | - | - | - | - |
| Benchmark | 0.08% | -0.97% | 0.76% | 1.28% | 8.93% | 4.72% | 3.34% | 0.32% | -0.12% | 1.00% | 1.83% | 1.49% | 1.65% | 1.76% |
| Category Average | 0.98% | 0.24% | 1.67% | 1.45% | 6.74% | 7.04% | 5.39% | 3.12% | 4.86% | 4.06% | - | - | - | - |
| Category Rank | 110 / 137 | 96 / 135 | 85 / 134 | 85 / 135 | 49 / 122 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 3 | 3 | 3 | 2 | - | - | - | - | - | - | - | - | - |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.11% | 1.55% | 0.73% | 1.42% | -0.14% | 0.71% | 0.24% | 0.75% | 0.62% | -0.05% | -0.63% | 0.41% |
| Benchmark | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% |
1.55% (July 2024)
-0.63% (April 2025)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
-
-
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 48.76 |
| Foreign Corporate Bonds | 42.83 |
| Cash and Equivalents | 5.07 |
| Foreign Government Bonds | 2.86 |
| Canadian Government Bonds | 0.50 |
| Other | -0.02 |
| Name | Percent |
|---|---|
| Fixed Income | 94.94 |
| Cash and Cash Equivalent | 5.06 |
| Name | Percent |
|---|---|
| North America | 98.57 |
| Europe | 1.43 |
| Name | Percent |
|---|---|
| Atkinsrealis Group Inc 7.00% 12-Jun-2026 | 2.69 |
| United Arlns 2016-2 P/T Trusts 3.10% 07-Apr-2030 | 2.53 |
| Wolf Midstream Canada LP 6.40% 18-Jul-2029 | 2.38 |
| Canadian Dollar | 2.32 |
| PARKLAND CORP 3.88% 16-Jun-2026 | 2.31 |
| United Airlns P/T Trust 2020-1 4.88% 15-Jul-2027 | 1.72 |
| Federation Csses Desjardins Qc 4.26% 24-Jan-2030 | 1.63 |
| BLCOCN TL B 1L USD | 1.60 |
| SmartCentres REIT 5.35% 29-May-2028 | 1.59 |
| Superior Plus LP 4.25% 18-May-2028 | 1.52 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.22% | - | - | - |
| Beta | 0.45% | - | - | - |
| Alpha | 0.03% | - | - | - |
| Rsquared | 0.78% | - | - | - |
| Sharpe | 1.44% | - | - | - |
| Sortino | 3.70% | - | - | - |
| Treynor | 0.07% | - | - | - |
| Tax Efficiency | - | - | - | - |
| Start Date | May 13, 2024 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MMF2000 | ||
| MMF2100 | ||
| MMF2200 | ||
| MMF2300 |
The investment objective of the Fund is to generate attractive long-term total returns through income and capital appreciation while mitigating volatility through hedging strategies. The Fund invests primarily in a diversified portfolio of Canadian and U.S. investment grade corporate and high yield fixed income securities. The Fund will use derivatives from time to time to hedge its exposure to foreign currencies, interest rates, and/or credit markets.
The investment grade corporate bond component of the Fund will be managed based on a combination of top-down macroeconomic research and bottom-up fundamental credit analysis. This approach has a greater emphasis on sector, credit quality and security selection. In-depth credit analysis is complemented with the extensive use of external management interviews in the selection of holdings in the portfolio.
| Fund Manager |
Manulife Investment Management Limited |
|---|---|
| Custodian |
- |
| Registrar |
- |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | - |
|---|---|
| Management Fee | - |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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