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NEI Global High Yield Bond Fund Series A

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High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$5.57
Change
$0.01 (0.19%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

NEI Global High Yield Bond Fund Series A

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Fund Returns

Inception Return (June 22, 2005): 3.71%

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 0.79% 1.33% 4.74% 5.81% 9.53% 7.72% 1.75% 2.09% 2.57% 3.30% 2.33% 2.93% 3.57% 2.85%
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 266 / 304 271 / 304 251 / 302 273 / 302 255 / 302 212 / 296 213 / 287 213 / 278 211 / 272 193 / 260 192 / 237 171 / 225 149 / 199 144 / 183
Quartile Ranking 4 4 4 4 4 3 3 4 4 3 4 4 3 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.51% 0.23% -0.24% 1.04% -0.80% 0.82% 0.76% 1.39% 1.18% 1.03% -0.48% 0.79%
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%

Best Monthly Return Since Inception

8.24% (April 2009)

Worst Monthly Return Since Inception

-18.77% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.12% -4.62% 13.57% 5.62% -6.07% 11.75% 4.03% 3.58% -11.12% 10.27%
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 4 3 2 2 4 2 3 3 4 2
Category Rank 130/ 171 134/ 183 77/ 199 78/ 227 238/ 238 86/ 263 167/ 273 154/ 278 227/ 287 96/ 296

Best Calendar Return (Last 10 years)

13.57% (2016)

Worst Calendar Return (Last 10 years)

-11.12% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 92.33
Cash and Equivalents 6.57
Canadian Corporate Bonds 1.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.43
Cash and Cash Equivalent 6.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 101.52
Europe 1.27
Latin America 0.32
Other -3.11

Top Holdings

Top Holdings
Name Percent
CAD/USD FWD 20241106 97.72
US Dollar 4.60
Canadian Dollar 1.38
Tenet Healthcare Corp 6.13% 15-Jun-2030 1.04
Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 1.03
Barclays PLC 8.00% PERP 1.03
Jazz Securities DAC 4.38% 14-Nov-2024 1.01
Medline Borrower LP 3.88% 01-Apr-2029 0.99
Sunrise HoldCo IV BV 5.50% 15-Jan-2028 0.98
Olympus Water US Holding Corp 6.25% 01-Oct-2029 0.95

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NEI Global High Yield Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 8.39% 8.86% 7.14%
Beta 0.89% 0.93% 0.54%
Alpha -0.03% -0.02% 0.00%
Rsquared 0.51% 0.58% 0.28%
Sharpe -0.18% 0.07% 0.20%
Sortino -0.15% -0.01% 0.01%
Treynor -0.02% 0.01% 0.03%
Tax Efficiency - - 22.98%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.84% 8.39% 8.86% 7.14%
Beta -0.14% 0.89% 0.93% 0.54%
Alpha 0.11% -0.03% -0.02% 0.00%
Rsquared 0.02% 0.51% 0.58% 0.28%
Sharpe 1.22% -0.18% 0.07% 0.20%
Sortino 4.50% -0.15% -0.01% 0.01%
Treynor -0.34% -0.02% 0.01% 0.03%
Tax Efficiency 74.14% - - 22.98%

Fund Details

Start Date June 22, 2005
Instrument Type Mutual Fund (Wrap Program, Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $366

Fund Codes

FundServ Code Load Code Sales Status
NWT10142
NWT10243
NWT10343
NWT10642
NWT842

Investment Objectives

The investment objective of this Fund is to provide a high level of current income while maintaining security of capital. The Fund invests primarily in a diversified portfolio of high-yield, higher risk, global corporate bonds and notes and may also invest in other fixed income investments with similar characteristics.

Investment Strategy

The Portfolio Sub-Advisor uses an investment strategy that focuses on providing added value through rigorous fundamental research, a global perspective, and dynamic risk management. The Portfolio Sub-Advisor focuses on fundamental credit research and uses a factor/variable framework to determine buy candidates and sector weighting.

Portfolio Manager(s)

Name Start Date
Northwest & Ethical Investments L.P. 07-16-2009
Darrin E. Smith 05-08-2015
Mark P. Denkinger 05-08-2015
Joshua Rank 05-08-2015

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 2.00%
Management Fee 1.50%
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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