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MD Short-Term Bond Fund Series A

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Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$10.17
Change
$0.02 (0.20%)

As at November 30, 2024

As at November 30, 2024

Period
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Legend

MD Short-Term Bond Fund Series A

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Fund Returns

Inception Return (October 01, 1995): 3.13%

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 0.59% 1.65% 4.36% 5.12% 6.91% 4.81% 1.63% 0.79% 1.49% 1.86% 1.54% 1.40% 1.38% 1.34%
Benchmark 0.48% 1.44% 4.29% 5.23% 6.79% 5.10% 2.06% 1.30% 1.98% 2.31% 2.07% 1.89% 1.84% 1.88%
Category Average 0.57% 1.44% 3.95% 4.94% 6.64% 4.84% 1.79% 1.14% 1.69% 1.97% 1.68% 1.54% 1.49% 1.37%
Category Rank 157 / 324 141 / 321 138 / 312 180 / 280 158 / 280 179 / 261 187 / 247 188 / 234 177 / 228 160 / 217 152 / 202 134 / 183 130 / 178 119 / 165
Quartile Ranking 2 2 2 3 3 3 4 4 4 3 4 3 3 3

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 1.71% -0.16% -0.01% 0.56% -0.51% 0.85% 0.66% 1.53% 0.46% 1.49% -0.43% 0.59%
Benchmark 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48%

Best Monthly Return Since Inception

2.37% (September 1998)

Worst Monthly Return Since Inception

-1.64% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.73% 1.24% 0.87% -0.11% 0.71% 2.89% 4.84% -1.64% -4.96% 4.77%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 2 3 3 3 3 3 3 4 4 3
Category Rank 57/ 145 95/ 165 109/ 178 131/ 183 142/ 203 130/ 218 115/ 228 201/ 234 191/ 248 164/ 261

Best Calendar Return (Last 10 years)

4.84% (2020)

Worst Calendar Return (Last 10 years)

-4.96% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 44.63
Canadian Corporate Bonds 33.64
Foreign Corporate Bonds 7.11
Cash and Equivalents 5.65
Foreign Government Bonds 4.44
Other 4.53

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.12
Cash and Cash Equivalent 5.65
Financial Services 0.02
Other 0.21

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.39
Asia 1.95
Europe 1.21
Latin America 0.22
Africa and Middle East 0.08
Other 2.15

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 2.90% 15-Dec-2029 5.95
Canada Housing Trust No 1 1.25% 15-Jun-2026 5.70
Canada Government 3.50% 01-Mar-2028 4.22
Ontario Province 2.60% 02-Jun-2027 4.05
Canada Government 4.00% 01-Mar-2029 3.60
Canada Housing Trust No 1 3.70% 15-Jun-2029 3.01
Municipal Finance Authority BC 1.35% 30-Jun-2026 2.85
Ontario Province 02-Dec-2026 2.75
Canada Government 3.25% 01-Nov-2026 2.72
Ontario Province 02-Jun-2027 2.71

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

MD Short-Term Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.24% 2.82% 2.20%
Beta 1.10% 1.10% 1.05%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.95% 0.91% 0.91%
Sharpe -0.58% -0.27% -0.12%
Sortino -0.54% -0.68% -0.94%
Treynor -0.02% -0.01% 0.00%
Tax Efficiency 32.81% 39.50% 29.16%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.60% 3.24% 2.82% 2.20%
Beta 1.16% 1.10% 1.10% 1.05%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.98% 0.95% 0.91% 0.91%
Sharpe 0.86% -0.58% -0.27% -0.12%
Sortino 3.30% -0.54% -0.68% -0.94%
Treynor 0.02% -0.02% -0.01% 0.00%
Tax Efficiency 79.63% 32.81% 39.50% 29.16%

Fund Details

Start Date October 01, 1995
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Restricted
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $17

Fund Codes

FundServ Code Load Code Sales Status
MDM030

Investment Objectives

The Fund's objectives are to conserve capital and produce income. The Fund invests in a variety of Government of Canada, provincial or municipal government bonds, corporate bonds, bonds of government backed crown corporations, National Housing Association (NHA) mortgages, conventional residential mortgages and NHA backed mortgages. The Fund may also invest in foreign securities.

Investment Strategy

The Fund employs an active, multiple sub-adviser approach seeking to provide capital preservation, as well as elevated income. Using the unique strengths of each sub-adviser, the Fund seeks to deliver excess return (compared to the benchmark) via a combination of income and capital gain, as well as, diversified risk exposures.

Portfolio Manager(s)

Name Start Date
Manulife Investment Management (Hong Kong) Limited 06-02-2015
Manulife Investment Management Limited 01-01-2022
Manulife Investment Management (US) LLC 01-01-2022
1832 Asset Management L.P. 01-01-2022

Management and Organization

Fund Manager MD Financial Management Inc.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar MD Financial Management Inc.
Distributor MD Financial Management
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 3,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 0

Fees

MER 1.00%
Management Fee 0.84%
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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