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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (06-15-2026) |
$10.02 |
|---|---|
| Change |
$0.04
(0.45%)
|
As at May 31, 2026
As at April 30, 2026
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Inception Return (May 13, 2024): 5.05%
| 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 | 0.61% | -0.16% | 1.10% | 1.20% | 5.24% | 5.16% | - | - | - | - | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 99 / 150 | 130 / 150 | 115 / 146 | 106 / 146 | 66 / 134 | 86 / 119 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 4 | 4 | 3 | 2 | 3 | - | - | - | - | - | - | - | - |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.47% | 0.27% | 0.83% | 1.09% | 0.29% | 0.09% | -0.10% | 0.42% | 0.94% | -2.08% | 1.33% | 0.61% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
1.47% (June 2025)
-2.08% (March 2026)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 4.77% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 3 |
| Category Rank | - | - | - | - | - | - | - | - | - | 74/ 132 |
4.77% (2025)
4.77% (2025)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 66.56 |
| Foreign Government Bonds | 15.99 |
| US Equity | 10.58 |
| Mortgages | 3.84 |
| Cash and Equivalents | 1.89 |
| Other | 1.14 |
| Name | Percent |
|---|---|
| Fixed Income | 87.53 |
| Financial Services | 6.26 |
| Cash and Cash Equivalent | 1.89 |
| Industrial Goods | 0.56 |
| Technology | 0.30 |
| Other | 3.46 |
| Name | Percent |
|---|---|
| North America | 81.30 |
| Asia | 9.61 |
| Latin America | 4.52 |
| Europe | 2.58 |
| Other | 1.99 |
| Name | Percent |
|---|---|
| Brazil Government 10.00% 01-Jan-2027 | 2.50 |
| Dime Community Bancshares Inc - Pfd | 2.29 |
| Bank of Montreal 7.30% 26-Nov-2034 | 2.27 |
| Stanley Black & Decker Inc 6.68% 15-Mar-2030 | 1.96 |
| UAL TL B 1L USD | 1.91 |
| KeyCorp - ADR Pfd Sr H | 1.73 |
| Barclays PLC 7.63% PERP | 1.70 |
| YUM TL B 1L USD | 1.54 |
| BASSPR TL B 1L USD | 1.46 |
| ALK TL B 1L USD | 1.45 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.22% | - | - | - |
| Beta | 0.55 | - | - | - |
| Alpha | 0.04 | - | - | - |
| Rsquared | 0.47% | - | - | - |
| Sharpe | 0.87 | - | - | - |
| Sortino | 0.92 | - | - | - |
| Treynor | 0.05 | - | - | - |
| Tax Efficiency | 60.00% | - | - | - |
| 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 |
|---|---|---|
| MMF2002 | ||
| MMF2102 | ||
| MMF2202 | ||
| MMF2302 |
The investment objective of the Fund is to maximize total return through income generation and capital appreciation. The Fund invests primarily in government and corporate debt securities from developed and emerging markets, including investment grade bonds, high yield bonds, loans and securitized debt, as well as in currency instruments. To maximize total return, the Fund may use leverage, created through the use of derivatives, cash borrowings and/or short selling.
In order to achieve its investment objective, the portfolio sub-advisors allocate assets based on analyses of economic factors such as projected international interest rate movements, industry cycles and political trends. However, the portfolio sub-advisors may invest up to 100% of the Fund’s assets in any one sector. Within each sector, the portfolio sub-advisors look for securities that are appropriate for the overall Fund in terms of yield, credit quality, structure and industry distributions
| Portfolio Manager |
Manulife Investment Management Limited |
|---|---|
| Sub-Advisor |
Manulife Investment Management (US) LLC
Manulife Investment Management (Hong Kong) Limited
|
| Fund Manager |
Manulife Investment Management Limited |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
Manulife Investment Management Limited |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.56% |
|---|---|
| Management Fee | 1.28% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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