Join Fund Library now and get free access to personalized features to help you manage your investments.
Floating Rate Loan
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (04-30-2024) |
$9.26 |
|---|---|
| Change |
$0.01
(0.13%)
|
As at March 31, 2024
As at March 31, 2024
Loading...
Inception Return (May 01, 2012): 2.86%
| 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 | 0.70% | 2.19% | 4.98% | 2.19% | 9.35% | 5.85% | 4.55% | 7.42% | 3.37% | 2.94% | 2.81% | 3.54% | 2.80% | 2.64% |
| Benchmark | 0.28% | 3.13% | 7.91% | 3.13% | 11.86% | 10.27% | 5.84% | 8.20% | 4.26% | 3.19% | 4.10% | 4.75% | 4.77% | 4.11% |
| Category Average | 0.44% | 4.48% | 4.48% | 2.04% | 9.05% | 4.11% | 3.29% | 6.38% | 2.78% | 2.73% | 2.93% | 3.64% | 2.85% | 3.05% |
| Category Rank | 28 / 80 | 58 / 80 | 37 / 79 | 58 / 80 | 53 / 79 | 26 / 78 | 29 / 78 | 27 / 78 | 34 / 72 | 38 / 70 | 38 / 61 | 40 / 58 | 39 / 57 | 27 / 35 |
| Quartile Ranking | 2 | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.86% | -0.16% | 0.85% | 0.96% | 1.40% | 0.20% | 0.29% | 1.17% | 1.24% | 0.92% | 0.55% | 0.70% |
| Benchmark | 2.66% | -2.20% | 0.47% | 1.38% | 2.55% | -1.17% | 2.29% | 2.51% | -0.20% | 1.33% | 1.50% | 0.28% |
3.76% (April 2020)
-12.59% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.62% | -3.06% | 10.00% | 2.38% | -2.49% | 6.71% | -0.53% | 3.04% | -0.64% | 10.36% |
| Benchmark | 1.85% | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% |
| Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
| Quartile Ranking | 4 | 4 | 2 | 3 | 4 | 2 | 2 | 4 | 2 | 2 |
| Category Rank | 29/ 31 | 55/ 57 | 20/ 58 | 43/ 61 | 68/ 70 | 23/ 72 | 37/ 78 | 65/ 78 | 24/ 78 | 33/ 79 |
10.36% (2023)
-3.06% (2015)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 93.80 |
| Canadian Corporate Bonds | 3.30 |
| Cash and Equivalents | 2.80 |
| Foreign Government Bonds | 0.10 |
| Name | Percent |
|---|---|
| Fixed Income | 97.20 |
| Cash and Cash Equivalent | 2.80 |
| Name | Percent |
|---|---|
| North America | 96.27 |
| Europe | 2.87 |
| Multi-National | 0.08 |
| Other | 0.78 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 1.59 |
| Ingram Micro Inc. 1L Sr. Secd Term Loan B 8.44% 02-Jul-2028 | 1.20 |
| Gems Menasa Ltd 7.13% 31-Jul-2026 | 1.03 |
| IMG Worldwide Inc 18-May-2025 | 1.00 |
| NFP Corp 7.50% 01-Oct-2030 | 0.97 |
| SRS Distribution Inc. Term Loan B 1L Gtd Sr. Secd 8.83% 05-Jun-2028 | 0.94 |
| Boost Newco Borrower LLC 1L Sr. Secd Term Loan B 8.33% 31-Jan-2031 | 0.89 |
| Escape Velocity Holdings Inc. 1L Gtd Sr. Secd Term Loan 9.47% 08-Oct-2028 | 0.87 |
| Polaris Newco LLC 1L Gtd Sr. Secd Term Loan B 9.33% 05-Jun-2028 | 0.86 |
| DRW Holdings LLC 1L Gtd Sr. Secd Term Loan 9.19% 01-Mar-2028 | 0.83 |
AGF Floating Rate Income Fund Mutual Fund Series
Median
Other - Floating Rate Loan
| Standard Deviation | 3.18% | 6.86% | 5.36% |
|---|---|---|---|
| Beta | 0.24% | 0.63% | 0.39% |
| Alpha | 0.03% | 0.01% | 0.01% |
| Rsquared | 0.30% | 0.60% | 0.30% |
| Sharpe | 0.59% | 0.24% | 0.26% |
| Sortino | 0.67% | 0.09% | -0.05% |
| Treynor | 0.08% | 0.03% | 0.04% |
| Tax Efficiency | 61.35% | 52.56% | 44.93% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.59% | 3.18% | 6.86% | 5.36% |
| Beta | 0.18% | 0.24% | 0.63% | 0.39% |
| Alpha | 0.07% | 0.03% | 0.01% | 0.01% |
| Rsquared | 0.36% | 0.30% | 0.60% | 0.30% |
| Sharpe | 2.66% | 0.59% | 0.24% | 0.26% |
| Sortino | 14.54% | 0.67% | 0.09% | -0.05% |
| Treynor | 0.24% | 0.08% | 0.03% | 0.04% |
| Tax Efficiency | 72.21% | 61.35% | 52.56% | 44.93% |
| Start Date | May 01, 2012 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $35 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| AGF4076 | ||
| AGF4176 | ||
| AGF4276 |
The Fund’s objective is to provide a high level of current income by investing primarily in senior floating rate loans and other floating rate debt securities of companies domiciled in the U.S.
As a portfolio manager of the Fund, Credit Suisse Asset Management, LLC (“CSAM”) has an investment philosophy grounded in fundamental credit analysis of senior loans and high yield bonds. This bottom-up investment approach is complemented by continuous relative value analysis within a capital structure and across issuers.
| Name | Start Date |
|---|---|
| AGF Investments Inc. | 04-26-2023 |
| Credit Suisse Asset Management, LLC | 04-26-2023 |
| Fund Manager | AGF Investments Inc. |
|---|---|
| Advisor | AGF Investments Inc. |
| Custodian | State Street Trust Company Canada |
| Registrar | AGF CustomerFirst Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 500 |
| SWP Min Withdrawal | 25 |
| MER | 1.96% |
|---|---|
| Management Fee | 1.45% |
| Load | Choice of Front or No Load |
| FE Max | 6.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
Join Fund Library now and get free access to personalized features to help you manage your investments.
Fund Library
