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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
(04-15-2024)
$9.81
Change
-$0.02 (-0.17%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Phillips, Hager & North Short Term Bond & Mortgage Fund Series D

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Fund Returns

Inception Return (January 21, 1994): 3.81%

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 0.38% -0.22% 0.72% 0.16% 3.21% 2.02% 0.28% 1.11% 1.42% 1.66% 1.35% 1.35% 1.32% 1.54%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.41% 4.41% 0.54% 3.84% 1.74% 0.16% 1.11% 1.08% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 256 / 322 269 / 289 181 / 287 269 / 289 225 / 272 153 / 262 132 / 245 137 / 236 104 / 227 93 / 211 91 / 196 93 / 183 75 / 171 59 / 155
Quartile Ranking 4 4 3 4 4 3 3 3 2 2 2 3 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.48% -0.90% -0.28% -0.10% 0.28% -0.54% 0.72% 1.81% 1.56% -0.22% 0.00% 0.38%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

3.94% (September 1998)

Worst Monthly Return Since Inception

-3.22% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.03% 2.22% 1.21% 0.02% 1.47% 2.72% 6.01% -1.12% -3.80% 5.01%
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 1 2 3 2 3 1 3 2 3
Category Rank 38/ 146 36/ 167 83/ 180 122/ 188 68/ 208 150/ 225 29/ 235 154/ 241 66/ 255 144/ 269

Best Calendar Return (Last 10 years)

6.01% (2020)

Worst Calendar Return (Last 10 years)

-3.80% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 47.31
Canadian Corporate Bonds 36.37
Cash and Equivalents 12.77
Mortgages 3.39
Canadian Bonds - Other 0.16

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 87.24
Cash and Cash Equivalent 12.76

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 4.50% 01-Feb-2026 24.82
Canada Housing Trust No 1 1.25% 15-Jun-2026 3.62
Ontario Province 3.60% 08-Mar-2028 3.13
Alberta Province 2.55% 01-Jun-2027 3.02
Canada Government 3.25% 01-Sep-2028 2.81
Canada Housing Trust No 1 1.55% 15-Dec-2026 2.72
Canada Housing Trust No 1 4.25% 15-Dec-2028 1.50
Enbridge Gas Inc 3.31% 11-Jun-2025 1.44
Royal Bank of Canada 2.61% 01-Nov-2024 1.35
Canada Government 4.00% 01-Mar-2029 1.26

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Phillips, Hager & North Short Term Bond & Mortgage Fund Series D

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.85% 2.48% 1.98%
Beta 1.06% 1.07% 1.04%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.98% 0.97% 0.97%
Sharpe -0.81% -0.20% 0.08%
Sortino -1.13% -0.79% -0.91%
Treynor -0.02% 0.00% 0.00%
Tax Efficiency - 37.87% 45.80%
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 2.78% 2.85% 2.48% 1.98%
Beta 1.07% 1.06% 1.07% 1.04%
Alpha -0.01% 0.00% 0.00% 0.00%
Rsquared 0.99% 0.98% 0.97% 0.97%
Sharpe -0.56% -0.81% -0.20% 0.08%
Sortino 0.12% -1.13% -0.79% -0.91%
Treynor -0.01% -0.02% 0.00% 0.00%
Tax Efficiency 62.09% - 37.87% 45.80%

Fund Details

Start Date January 21, 1994
Instrument Type Mutual Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $7,830

Fund Codes

FundServ Code Load Code Sales Status
PHN250
RBF1250

Investment Objectives

The fundamental investment objectives of the Fund are to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of short-term fixed-income securities issued by Canadian governments and corporations, and first mortgages on property located in Canada in accordance with National Policy Statement No. 29 of the Canadian Securities Administrators.

Investment Strategy

To achieve the Fund’s investment objectives, we invest primarily in high-quality Canadian corporate bonds, government bonds and up to 40% of the Fund’s net assets in conventional first mortgages and mortgages guaranteed under the National Housing Act (Canada). In addition, we may also invest in asset-backed commercial paper. The Fund maintains an average term to maturity similar to the FTSE Canada Short Term Overall Bond Index.

Portfolio Manager(s)

Name Start Date
02-22-2021

Management and Organization

Fund Manager RBC Global Asset Management Inc.
Advisor RBC Global Asset Management Inc.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Global Asset Management Inc.
Distributor Phillips, Hager & North Investment Funds Ltd.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 0.59%
Management Fee 0.50%
Load No Load
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.15%
Trailer Fee Max (LL) -

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