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Phillips, Hager & North Bond Fund Series O

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024)
$9.29
Change
$0.04 (0.40%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

Phillips, Hager & North Bond Fund Series O

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Fund Returns

Inception Return (October 31, 2002): 4.51%

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 1.81% 2.66% 6.80% 5.28% 9.00% 5.28% 0.55% -0.43% 1.35% 2.67% 2.24% 2.29% 2.48% 2.57%
Benchmark 1.51% 2.25% 8.10% 4.64% 8.22% 4.86% 0.01% -0.96% 0.66% 2.03% 1.69% 1.78% 1.96% 2.06%
Category Average 1.56% 2.28% 6.05% 4.52% 8.27% 4.63% -0.37% -1.20% 0.30% 1.59% 1.12% 1.23% 1.37% 1.30%
Category Rank 83 / 666 232 / 659 133 / 639 248 / 630 262 / 628 254 / 605 149 / 589 162 / 560 89 / 528 73 / 490 60 / 446 65 / 422 49 / 372 42 / 343
Quartile Ranking 1 2 1 2 2 2 2 2 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.53% -1.32% -0.39% 0.52% -1.97% 1.78% 1.21% 2.41% 0.37% 1.88% -1.02% 1.81%
Benchmark 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51%

Best Monthly Return Since Inception

4.63% (January 2015)

Worst Monthly Return Since Inception

-3.56% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.29% 3.84% 2.44% 2.63% 1.52% 6.86% 10.53% -2.18% -11.14% 6.93%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 1 1 2 1 1 2 1 2 1 2
Category Rank 13/ 315 17/ 345 107/ 379 99/ 425 63/ 451 156/ 499 27/ 529 185/ 560 133/ 590 194/ 605

Best Calendar Return (Last 10 years)

10.53% (2020)

Worst Calendar Return (Last 10 years)

-11.14% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 51.72
Canadian Corporate Bonds 31.15
Cash and Equivalents 12.24
Foreign Government Bonds 4.75
Canadian Bonds - Other 0.15
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 87.76
Cash and Cash Equivalent 12.24

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.25% 30-Jun-2029 4.75
Quebec Province 3.60% 01-Sep-2033 4.39
Canada Housing Trust No 1 3.65% 15-Jun-2033 3.41
Canada Government 3.50% 01-Sep-2029 2.70
Quebec Province 3.25% 01-Sep-2032 2.61
Ontario Province 4.15% 02-Dec-2054 2.53
Canada Government 3.00% 01-Jun-2034 2.36
Ontario Province 5.60% 02-Jun-2035 2.34
Quebec Province 4.40% 01-Dec-2055 2.05
Ontario Province 3.65% 02-Jun-2033 1.98

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Phillips, Hager & North Bond Fund Series O

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.44% 6.62% 5.40%
Beta 1.02% 1.00% 0.99%
Alpha 0.01% 0.01% 0.01%
Rsquared 0.95% 0.95% 0.96%
Sharpe -0.37% -0.11% 0.20%
Sortino -0.41% -0.31% -0.09%
Treynor -0.03% -0.01% 0.01%
Tax Efficiency - - 44.63%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.77% 7.44% 6.62% 5.40%
Beta 0.87% 1.02% 1.00% 0.99%
Alpha 0.02% 0.01% 0.01% 0.01%
Rsquared 0.81% 0.95% 0.95% 0.96%
Sharpe 0.74% -0.37% -0.11% 0.20%
Sortino 1.89% -0.41% -0.31% -0.09%
Treynor 0.05% -0.03% -0.01% 0.01%
Tax Efficiency 82.05% - - 44.63%

Fund Details

Start Date October 31, 2002
Instrument Type Mutual Fund
Share Class Institutional
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $8,393

Fund Codes

FundServ Code Load Code Sales Status
PHN115
RBF8115

Investment Objectives

The fundamental investment objectives of the Fund are to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of fixed income securities issued by Canadian governments and corporations.

Investment Strategy

To achieve the Fund’s investment objectives, we invest primarily in high-quality Canadian corporate bonds and government bonds issued in Canadian or U.S. dollars. In addition, we may also invest in asset-backed commercial paper. The Fund maintains an average term to maturity similar to the FTSE Canada Universe Bond Index. We incorporate material ESG factors as part of the investment process to consider issuers’ oversight and management of these material ESG factors.

Portfolio Manager(s)

Name Start Date
02-22-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Mgmt Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Global Asset Management Inc.
Distributor Phillips, Hager & North Investment Funds Ltd.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25,000
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 0

Fees

MER 0.02%
Management Fee 2.00%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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