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MD Short-Term Bond Fund Series A

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Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-25-2024) 		$10.03
Change
$0.00 (0.00%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

MD Short-Term Bond Fund Series A

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Fund Returns

Inception Return (October 01, 1995): 3.04%

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 0.66% 1.00% 1.39% 1.39% 5.19% 3.15% 0.05% 0.18% 0.81% 1.26% 1.05% 0.91% 0.93% 1.06%
Benchmark 0.79% 1.25% 1.70% 1.70% 5.74% 3.40% 0.69% 0.68% 1.40% 1.82% 1.62% 1.45% 1.45% 1.64%
Category Average 0.67% 1.62% 1.62% 1.62% 5.28% 3.29% 0.46% 0.72% 1.13% 1.45% 1.24% 1.12% 1.05% 1.09%
Category Rank 189 / 320 265 / 316 229 / 287 229 / 287 200 / 281 200 / 265 203 / 249 190 / 234 179 / 227 164 / 215 156 / 202 144 / 185 129 / 171 114 / 160
Quartile Ranking 3 4 4 4 3 4 4 4 4 4 4 4 4 3

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.03% 0.28% -0.60% 0.51% 1.85% 1.71% -0.16% -0.01% 0.56% -0.51% 0.85% 0.66%
Benchmark -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79%

Best Monthly Return Since Inception

2.37% (September 1998)

Worst Monthly Return Since Inception

-1.64% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.73% 1.24% 0.87% -0.11% 0.71% 2.89% 4.84% -1.64% -4.96% 4.77%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 2 3 3 3 3 3 2 4 4 3
Category Rank 57/ 145 95/ 166 109/ 179 133/ 187 144/ 207 131/ 223 116/ 233 206/ 239 196/ 253 166/ 267

Best Calendar Return (Last 10 years)

4.84% (2020)

Worst Calendar Return (Last 10 years)

-4.96% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 39.48
Canadian Corporate Bonds 34.38
Cash and Equivalents 11.37
Foreign Corporate Bonds 6.26
Foreign Government Bonds 4.96
Other 3.55

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.48
Cash and Cash Equivalent 11.37
Utilities 0.09
Financial Services 0.03
Other 0.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.29
Asia 2.05
Europe 1.21
Latin America 0.39
Africa and Middle East 0.08
Other 0.98

Top Holdings

Top Holdings
Name Percent
Canada Government 4.00% 01-Mar-2029 7.65
Ontario Province 2.60% 02-Jun-2027 6.86
MD CAD SCOTIA CONNECT ACCOUNT 5.07% 31-Dec-2049 5.64
Canada Housing Trust No 1 3.60% 15-Dec-2027 5.30
Canada Housing Trust No 1 1.90% 15-Sep-2026 2.84
Canada Government 3.50% 01-Mar-2028 2.81
Canada Housing Trust No 1 1.55% 15-Dec-2026 2.80
Royal Bank of Canada 4.63% 01-May-2028 2.68
Ontario Province 02-Jun-2027 2.65
Rogers Communications Inc 3.65% 31-Jan-2027 1.55

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

MD Short-Term Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.04% 2.66% 2.10%
Beta 1.08% 1.09% 1.04%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.94% 0.90% 0.90%
Sharpe -0.96% -0.47% -0.19%
Sortino -1.14% -1.00% -1.11%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - - 13.99%
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 2.69% 3.04% 2.66% 2.10%
Beta 1.13% 1.08% 1.09% 1.04%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.97% 0.94% 0.90% 0.90%
Sharpe 0.09% -0.96% -0.47% -0.19%
Sortino 1.66% -1.14% -1.00% -1.11%
Treynor 0.00% -0.03% -0.01% 0.00%
Tax Efficiency 74.46% - - 13.99%

Fund Details

Start Date October 01, 1995
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Restricted
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $18

Fund Codes

FundServ Code Load Code Sales Status
MDM030

Investment Objectives

The Fund's objectives are to conserve capital and produce income. The Fund invests in a variety of Government of Canada, provincial or municipal government bonds, corporate bonds, bonds of government backed crown corporations, National Housing Association (NHA) mortgages, conventional residential mortgages and NHA backed mortgages. The Fund may also invest in foreign securities.

Investment Strategy

The Fund employs an active, multiple sub-adviser approach seeking to provide capital preservation, as well as elevated income. Using the unique strengths of each sub-adviser, the Fund seeks to deliver excess return (compared to the benchmark) via a combination of income and capital gain, as well as, diversified risk exposures.

Portfolio Manager(s)

Name Start Date
Manulife Investment Management (Hong Kong) Limited 06-02-2015
Manulife Investment Management Limited 01-01-2022
Manulife Investment Management (US) LLC 01-01-2022
1832 Asset Management L.P. 01-01-2022

Management and Organization

Fund Manager MD Financial Management Inc.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar MD Financial Management Inc.
Distributor MD Financial Management
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 3,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 0

Fees

MER 1.00%
Management Fee 0.84%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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