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High Yield Fixed Income
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|
NAVPS (12-20-2024) |
$8.72 |
|---|---|
| Change |
$0.02
(0.21%)
|
As at November 30, 2024
As at October 31, 2024
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Inception Return (August 26, 2003): 4.23%
| 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 | 1.17% | 2.66% | 6.22% | 7.95% | 11.31% | 7.67% | 2.16% | 2.40% | 2.89% | 3.48% | 2.64% | 3.00% | 3.40% | 2.94% |
| Benchmark | 0.82% | 5.17% | 9.67% | 14.84% | 15.87% | 12.91% | 5.71% | 4.51% | 4.92% | 5.53% | 4.90% | 5.16% | 5.85% | 6.42% |
| Category Average | 1.12% | 2.01% | 5.52% | 7.49% | 10.61% | 7.81% | 1.98% | 2.44% | 2.94% | 3.57% | 2.87% | 3.33% | 3.63% | 3.03% |
| Category Rank | 106 / 304 | 82 / 304 | 98 / 302 | 148 / 302 | 137 / 302 | 220 / 296 | 181 / 287 | 195 / 278 | 183 / 272 | 177 / 260 | 172 / 237 | 161 / 225 | 160 / 199 | 137 / 183 |
| Quartile Ranking | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.11% | 0.10% | 0.24% | 0.77% | -0.83% | 1.35% | 1.02% | 1.87% | 0.55% | 1.49% | -0.02% | 1.17% |
| Benchmark | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% |
3.96% (July 2022)
-9.41% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.09% | -1.30% | 8.96% | 3.84% | -2.95% | 8.57% | 5.33% | 2.65% | -9.26% | 8.01% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 3 | 2 | 4 | 3 | 3 | 3 | 2 | 4 | 2 | 3 |
| Category Rank | 104/ 171 | 68/ 183 | 157/ 199 | 167/ 227 | 145/ 238 | 182/ 263 | 134/ 273 | 209/ 278 | 114/ 287 | 218/ 296 |
8.96% (2016)
-9.26% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 46.15 |
| Canadian Corporate Bonds | 45.59 |
| Cash and Equivalents | 4.54 |
| Foreign Government Bonds | 2.06 |
| Canadian Government Bonds | 1.17 |
| Other | 0.49 |
| Name | Percent |
|---|---|
| Fixed Income | 95.45 |
| Cash and Cash Equivalent | 4.55 |
| Name | Percent |
|---|---|
| North America | 99.38 |
| Europe | 0.37 |
| Latin America | 0.26 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Enbridge Inc 8.25% 15-Oct-2028 | 2.30 |
| Rogers Communications Inc 5.25% 15-Mar-2082 | 2.23 |
| Cenovus Energy Inc 3.50% 07-Feb-2028 | 2.21 |
| Canada Government 07-Nov-2024 | 1.31 |
| Bank of Nova Scotia 4.50% 16-Dec-2025 | 1.29 |
| Atco Ltd 5.50% 01-Nov-2028 | 1.08 |
| United States Treasury 4.13% 15-Aug-2044 | 1.05 |
| Canada Government 1.75% 01-Dec-2053 | 1.02 |
| Videotron Ltd 3.63% 29-Nov-2024 | 0.92 |
| Athene Global Funding 2.10% 24-Sep-2025 | 0.89 |
Manulife Corporate Bond Fund Advisor Series
Median
Other - High Yield Fixed Income
| Standard Deviation | 6.18% | 6.98% | 5.49% |
|---|---|---|---|
| Beta | 0.72% | 0.79% | 0.55% |
| Alpha | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.61% | 0.67% | 0.49% |
| Sharpe | -0.20% | 0.11% | 0.26% |
| Sortino | -0.15% | 0.02% | 0.01% |
| Treynor | -0.02% | 0.01% | 0.03% |
| Tax Efficiency | 25.92% | 52.14% | 49.99% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.54% | 6.18% | 6.98% | 5.49% |
| Beta | 0.10% | 0.72% | 0.79% | 0.55% |
| Alpha | 0.09% | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.01% | 0.61% | 0.67% | 0.49% |
| Sharpe | 1.78% | -0.20% | 0.11% | 0.26% |
| Sortino | 6.99% | -0.15% | 0.02% | 0.01% |
| Treynor | 0.62% | -0.02% | 0.01% | 0.03% |
| Tax Efficiency | 85.43% | 25.92% | 52.14% | 49.99% |
| Start Date | August 26, 2003 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $668 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MMF1423 | ||
| MMF1723 | ||
| MMF3898 | ||
| MMF40498 | ||
| MMF40798 | ||
| MMF498 | ||
| MMF598 | ||
| MMF798 |
The objective of the Fund is to provide long-term returns and a steady flow of income. The Fund invests primarily in a diversified portfolio of Canadian and U.S. investment grade corporate and high yield bonds. The fundamental investment objective of the Fund cannot be changed without the approval of investors who own securities in the Fund.
The investment grade corporate bond component of the Fund will be managed based on a combination of top-down macroeconomic research and bottom-up fundamental credit analysis. This approach has a greater emphasis on sector, credit and security selection. In-depth credit analysis is complemented with the extensive use of external management interviews in the selection of holdings in the portfolio.
| Name | Start Date |
|---|---|
| Terry Carr | 05-19-2005 |
| Richard Kos | 02-20-2020 |
| Jonathan Crescenzi | 02-21-2020 |
| Fund Manager | Manulife Investment Management Limited |
|---|---|
| Advisor | Manulife Investment Management Limited |
| Custodian | RBC Investor Services Trust (Canada) |
| Registrar | Manulife Investment Management Limited |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 1.46% |
|---|---|
| Management Fee | 1.01% |
| 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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