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NEI Global Total Return Bond Fund Series A

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Multi-Sector 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) 		$8.35
Change
$0.03 (0.32%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

NEI Global Total Return Bond Fund Series A

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Fund Returns

Inception Return (September 25, 2013): 2.02%

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 1.20% 0.73% 3.23% 3.51% 6.43% 4.38% 1.74% 0.54% 0.76% 2.01% 1.25% 1.69% 1.37% 1.52%
Benchmark 0.96% 3.30% 7.79% 9.02% 10.50% 7.28% 0.55% -0.44% 0.89% 2.29% 1.95% 2.15% 2.52% 3.45%
Category Average 1.02% 1.01% 4.55% 4.77% 8.00% - - - - - - - - -
Category Rank 123 / 310 246 / 297 288 / 295 247 / 293 253 / 293 224 / 284 82 / 276 147 / 266 188 / 245 149 / 230 146 / 205 122 / 170 110 / 131 80 / 102
Quartile Ranking 2 4 4 4 4 4 2 3 4 3 3 3 4 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.82% 0.12% -0.63% 1.12% -1.26% 0.94% 0.11% 1.94% 0.43% 0.91% -1.36% 1.20%
Benchmark 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96%

Best Monthly Return Since Inception

4.19% (April 2020)

Worst Monthly Return Since Inception

-8.60% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.89% 0.69% 0.43% 4.31% -3.00% 8.80% 1.70% -3.32% -4.75% 6.50%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking 2 3 4 2 4 2 4 4 1 2
Category Rank 28/ 80 59/ 107 131/ 131 55/ 170 182/ 206 83/ 234 232/ 248 266/ 266 22/ 276 138/ 284

Best Calendar Return (Last 10 years)

8.80% (2019)

Worst Calendar Return (Last 10 years)

-4.75% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 51.16
Foreign Corporate Bonds 33.30
Cash and Equivalents 10.93
Canadian Government Bonds 3.14
US Equity 1.31
Other 0.16

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 87.59
Cash and Cash Equivalent 10.93
Financial Services 1.31
Other 0.17

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.11
Europe 48.89
Latin America 7.76
Asia 5.90
Africa and Middle East 1.56
Other -44.22

Top Holdings

Top Holdings
Name Percent
CAD/USD FWD 20241121 48.08
CAD/EUR FWD 20241121 39.91
USD/GBP FWD 20241216 10.32
USD/CNY FWD 20250116 4.32
Spain Government 1.40% 30-Jul-2028 3.81
NOK/USD FWD 20250121 3.42
Brazil Government 10.00% 01-Jan-2029 3.42
USD/CHF FWD 20250123 3.11
USD/SEK FWD 20250121 2.92
United States Treasury 3.50% 31-Jan-2028 2.74

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NEI Global Total Return Bond Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 4.84% 6.12% 4.85%
Beta 0.40% 0.32% 0.20%
Alpha 0.02% 0.01% 0.01%
Rsquared 0.30% 0.11% 0.09%
Sharpe -0.35% -0.22% 0.00%
Sortino -0.34% -0.41% -0.35%
Treynor -0.04% -0.04% 0.00%
Tax Efficiency - - 0.62%
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 4.28% 4.84% 6.12% 4.85%
Beta 0.70% 0.40% 0.32% 0.20%
Alpha -0.01% 0.02% 0.01% 0.01%
Rsquared 0.40% 0.30% 0.11% 0.09%
Sharpe 0.43% -0.35% -0.22% 0.00%
Sortino 1.40% -0.34% -0.41% -0.35%
Treynor 0.03% -0.04% -0.04% 0.00%
Tax Efficiency 74.81% - - 0.62%

Fund Details

Start Date September 25, 2013
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,148

Fund Codes

FundServ Code Load Code Sales Status
NWT194
NWT295
NWT395
NWT694
NWT894

Investment Objectives

The investment objective of the Fund is to provide a high level of current income with the potential for capital gains. The Fund will invest its assets primarily in global fixed income instruments from both developed and emerging markets. The Fund can invest across all sectors and credit qualities but will be primarily invested in investment grade securities rated BBB- and above by Standard & Poor’s (or its equivalent by qualified rating agencies).

Investment Strategy

The Portfolio Sub-Advisor and Commodity Futures Portfolio Manager apply an investment process based on a rigorous global top-down approach consisting of allocating the active risk of the portfolio taking into consideration duration management, country and yield curve decisions, sovereign bonds, credit allocations and currency management. During normal periods, these factors are expected to have low correlation and improve the portfolio diversification.

Portfolio Manager(s)

Name Start Date
Northwest & Ethical Investments L.P. 09-20-2013
Grégoire Pesquès 10-30-2020
Amundi (UK) Limited 12-11-2020
Reine Bitar 07-07-2022

Management and Organization

Fund Manager Northwest & Ethical Investments L.P.
Advisor Northwest & Ethical Investments L.P.
Custodian Desjardins Trust Inc.
Registrar Northwest & Ethical Investments L.P.
Distributor Credential Asset Management Inc.
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.84%
Management Fee 1.40%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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