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Multi-Sector Fixed Income
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2023
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|
NAVPS (05-01-2024) |
$9.10 |
|---|---|
| Change |
-$0.01
(-0.14%)
|
As at March 31, 2024
As at March 31, 2024
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Inception Return (May 12, 2014): 2.50%
| 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% | 3.69% | 8.57% | 3.69% | 12.21% | 6.25% | 3.81% | 7.39% | 3.12% | 2.92% | 3.02% | 4.04% | 3.09% | - |
| Benchmark | 0.67% | 1.56% | 7.31% | 1.56% | 3.76% | 2.10% | -1.05% | -1.60% | 0.23% | 0.94% | 1.24% | 1.69% | 2.07% | 3.07% |
| Category Average | 0.93% | 6.51% | 6.51% | 0.57% | 4.70% | - | - | - | - | - | - | - | - | - |
| Category Rank | 37 / 276 | 9 / 275 | 32 / 275 | 9 / 275 | 5 / 266 | 7 / 258 | 5 / 251 | 5 / 231 | 13 / 216 | 16 / 188 | 11 / 154 | 10 / 120 | 11 / 102 | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.69% | 0.09% | 1.11% | 1.27% | 0.04% | 0.12% | -0.16% | 2.76% | 2.05% | 0.97% | 1.50% | 1.17% |
| Benchmark | 1.06% | -1.59% | -2.01% | 0.30% | 1.72% | -2.75% | 1.40% | 2.81% | 1.36% | 0.46% | 0.43% | 0.67% |
3.32% (November 2020)
-14.99% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | -3.32% | 8.24% | 6.50% | -1.85% | 8.98% | -1.72% | 3.40% | -4.03% | 9.76% |
| 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 | - | 4 | 1 | 1 | 3 | 2 | 4 | 1 | 1 | 1 |
| Category Rank | - | 86/ 93 | 28/ 117 | 16/ 154 | 133/ 188 | 58/ 216 | 230/ 230 | 18/ 248 | 17/ 258 | 23/ 266 |
9.76% (2023)
-4.03% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 52.05 |
| Foreign Government Bonds | 17.61 |
| Mortgages | 11.50 |
| Cash and Equivalents | 10.61 |
| Derivatives | 6.03 |
| Other | 2.20 |
| Name | Percent |
|---|---|
| Fixed Income | 83.28 |
| Cash and Cash Equivalent | 10.60 |
| Real Estate | 0.07 |
| Consumer Services | 0.01 |
| Telecommunications | 0.00 |
| Other | 6.04 |
| Name | Percent |
|---|---|
| North America | 65.42 |
| Europe | 21.16 |
| Latin America | 6.83 |
| Africa and Middle East | 5.02 |
| Other | 1.57 |
| Name | Percent |
|---|---|
| Canada Government 0.00% 20-Jun-2024 | 4.41 |
| United States Treasury 0.13% 15-Jul-2024 | 3.66 |
| AmSurg | 3.13 |
| Eurosail, Series 2007-1X, Class C1A, Mezzanine 4.37% 13-Dec-2041 | 2.60 |
| Canada Government 0.00% 06-Jun-2024 | 2.06 |
| Peru LNG 5.38% 22-Mar-2030 | 1.90 |
| Wesco Aircraft Holdings, P.P. 10.50% 15-Nov-2026 | 1.79 |
| Stratton Hawksmoor PLC 6.95% 25-Feb-2053 | 1.68 |
| Syniverse Holdings, BL 8.40% 13-May-2027 | 1.68 |
| Egypt Government 4.75% 16-Apr-2026 | 1.63 |
Desjardins Floating Rate Income Fund A Class
Median
Other - Multi-Sector Fixed Income
| Standard Deviation | 4.86% | 8.59% | - |
|---|---|---|---|
| Beta | 0.31% | 0.13% | - |
| Alpha | 0.04% | 0.03% | - |
| Rsquared | 0.19% | 0.01% | - |
| Sharpe | 0.26% | 0.18% | - |
| Sortino | 0.24% | 0.06% | - |
| Treynor | 0.04% | 0.12% | - |
| Tax Efficiency | 30.90% | 24.88% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.05% | 4.86% | 8.59% | - |
| Beta | 0.23% | 0.31% | 0.13% | - |
| Alpha | 0.11% | 0.04% | 0.03% | - |
| Rsquared | 0.19% | 0.19% | 0.01% | - |
| Sharpe | 2.26% | 0.26% | 0.18% | - |
| Sortino | 17.18% | 0.24% | 0.06% | - |
| Treynor | 0.29% | 0.04% | 0.12% | - |
| Tax Efficiency | 77.28% | 30.90% | 24.88% | - |
| Start Date | May 12, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $101 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DJT00024 |
The objective of the Fund is to provide a high income while minimizing the effects of interest rate fluctuations. The Fund invests primarily in floating-rate and fixed-rate debt securities of issuers throughout the world and enters into derivative instrument transactions to generate a floating rate income.
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, which provide higher income than government bonds from developed markets, like Government of Canada and US Treasury bonds.
| Name | Start Date |
|---|---|
| Desjardins Global Asset Management Inc. | 07-24-2019 |
| Pacific Investment Management Co LLC (PIMCO) | 03-31-2023 |
| Fund Manager | Desjardins Investments Inc. |
|---|---|
| Advisor | Desjardins Global Asset Management Inc. |
| Custodian | Desjardins Trust Inc. |
| Registrar | Desjardins Investments Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 1,000 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 1,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.66% |
|---|---|
| Management Fee | 1.25% |
| 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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