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Desjardins Global Tactical Bond Fund A Class

Multi-Sector Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2020

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NAVPS
(01-22-2025)
$8.66
Change
-$0.01 (-0.09%)

As at December 31, 2024

As at December 31, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
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Legend

Desjardins Global Tactical Bond Fund A Class

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Fund Returns

Inception Return (October 18, 2013): 2.90%

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 -0.77% -1.02% 4.65% 7.36% 7.36% 8.17% 0.07% 0.00% 1.10% 2.96% 2.23% 2.90% 3.52% 2.97%
Benchmark 0.67% 1.98% 7.33% 9.76% 9.76% 7.48% 1.21% -0.20% 1.26% 1.72% 2.39% 2.24% 2.13% 3.46%
Category Average -0.85% -1.07% 3.01% 3.89% 3.89% - - - - - - - - -
Category Rank 174 / 310 170 / 299 53 / 296 48 / 293 48 / 293 36 / 284 158 / 276 160 / 266 149 / 248 79 / 234 76 / 206 44 / 170 31 / 131 35 / 107
Quartile Ranking 3 3 1 1 1 1 3 3 3 2 2 2 1 2

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.9349 to 3.5571.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.54% -0.28% 0.88% -0.09% 0.94% 0.57% 2.34% 1.80% 1.49% -0.93% 0.69% -0.77%
Benchmark 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96% 0.67%

Best Monthly Return Since Inception

4.90% (November 2023)

Worst Monthly Return Since Inception

-11.56% (March 2020)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -14.352525 to 16.144108.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -1.81% 8.65% 7.67% -2.01% 12.76% 5.62% -0.21% -14.35% 8.98% 7.36%
Benchmark 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25% 9.76%
Category Average - - - - - - - - - 3.89%
Quartile Ranking 4 1 1 4 1 2 3 4 1 1
Category Rank 88/ 107 24/ 131 7/ 170 155/ 206 12/ 234 112/ 248 143/ 266 269/ 276 39/ 284 48/ 293

Best Calendar Return (Last 10 years)

12.76% (2019)

Worst Calendar Return (Last 10 years)

-14.35% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 48.14
Foreign Government Bonds 20.30
Cash and Equivalents 20.04
Mortgages 6.37
Foreign Bonds - Other 4.19
Other 0.96

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 79.11
Cash and Cash Equivalent 20.04
Real Estate 0.04
Telecommunications 0.04
Consumer Services 0.02
Other 0.75

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.02
Europe 21.64
Latin America 6.04
Africa and Middle East 4.49
Asia 0.98
Other 1.83

Top Holdings

Top Holdings
Name Percent
Canada Government 30-Jan-2025 6.05
United States Treasury 4.00% 15-Nov-2042 3.73
Canada Government 12-Feb-2025 3.59
United States Treasury 4.00% 15-Nov-2052 2.88
AmSurg 2.57
Canada Government 12-Mar-2025 2.40
Canada Government 27-Feb-2025 2.36
Eurosail, Series 2007-1X, Class C1A, Mezzanine 3.33% 13-Dec-2041 1.76
Wesco Aircraft Holdings, P.P. 10.50% 15-Nov-2026 1.49
Egypt Government 4.75% 16-Apr-2026 1.48

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 3.8901 to 12.5703.
The chart has 1 Y axis displaying Return. Data ranges from -6.180487 to 7.177969.
End of interactive chart.

Desjardins Global Tactical Bond Fund A Class

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 7.82% 8.66% 6.71%
Beta 0.91% 0.69% 0.28%
Alpha -0.01% 0.00% 0.02%
Rsquared 0.58% 0.25% 0.09%
Sharpe -0.42% -0.10% 0.23%
Sortino -0.47% -0.22% 0.03%
Treynor -0.04% -0.01% 0.05%
Tax Efficiency - - 23.40%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 3.45% 7.82% 8.66% 6.71%
Beta 0.49% 0.91% 0.69% 0.28%
Alpha 0.03% -0.01% 0.00% 0.02%
Rsquared 0.30% 0.58% 0.25% 0.09%
Sharpe 0.81% -0.42% -0.10% 0.23%
Sortino 2.48% -0.47% -0.22% 0.03%
Treynor 0.06% -0.04% -0.01% 0.05%
Tax Efficiency 62.59% - - 23.40%

Fund Details

Start Date October 18, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $435

Fund Codes

FundServ Code Load Code Sales Status
DJT00144

Investment Objectives

The objective of this Fund is to provide a high income return and some long-term capital appreciation by investing primarily in fixed-income securities of issuers throughout the world.

Investment Strategy

The management of the Fund is entrusted to a sub-manager who combines a top-down analysis for asset allocation, with a bottom-up analysis for security selection. The Fund invests primarily in global credit markets including, without limitation, investment-grade corporate bonds, high-yield corporate bonds and emerging market bonds. The investment-grade corporate bonds have a DBRS credit rating of BBB or better, or any equivalent credit rating set by another designated rating organization.

Portfolio Manager(s)

Name Start Date
Desjardins Global Asset Management Inc. 07-23-2019
Pacific Investment Management Co LLC (PIMCO) 03-31-2023

Management and Organization

Fund Manager Desjardins Investments Inc.
Advisor Desjardins Global Asset Management Inc.
Custodian Desjardins Trust Inc.
Registrar Desjardins Investments Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.77%
Management Fee 1.19%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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