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Phillips, Hager & North High Yield Bond Fund Series D

High Yield Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2021, 2019, 2018, 2017

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NAVPS
(05-22-2024)
$11.23
Change
$0.00 (-0.03%)

As at April 30, 2024

As at December 31, 2023

Period
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Legend

Phillips, Hager & North High Yield Bond Fund Series D

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Fund Returns

Inception Return (July 27, 2000): 6.68%

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% 2.26% 8.47% 3.09% 9.25% 5.02% 2.70% 5.71% 4.08% 4.12% 4.05% 5.43% 4.52% 4.54%
Benchmark 0.55% 3.28% 8.20% 4.71% 10.33% 8.77% 3.34% 4.51% 3.12% 4.18% 3.35% 5.49% 5.30% 5.68%
Category Average -0.86% 7.34% 7.34% 0.69% 6.00% 2.76% 0.06% 3.64% 1.99% 2.27% 2.19% 3.05% 2.45% 2.45%
Category Rank 28 / 294 34 / 294 81 / 294 51 / 294 58 / 288 60 / 285 42 / 276 76 / 269 38 / 262 43 / 243 32 / 230 28 / 196 26 / 185 20 / 169
Quartile Ranking 1 1 2 1 1 1 1 2 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.53% 0.38% 1.28% 0.06% -0.16% -0.29% 2.24% 2.91% 0.81% 0.72% 1.14% 0.38%
Benchmark -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55%

Best Monthly Return Since Inception

7.29% (November 2002)

Worst Monthly Return Since Inception

-8.05% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.97% -2.97% 17.53% 5.98% 0.75% 6.30% 7.50% 4.70% -4.75% 8.10%
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 2 3 1 2 1 4 1 2 1 3
Category Rank 55/ 166 91/ 178 17/ 195 60/ 223 36/ 235 222/ 260 38/ 268 104/ 270 21/ 279 204/ 288

Best Calendar Return (Last 10 years)

17.53% (2016)

Worst Calendar Return (Last 10 years)

-4.75% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 80.77
Foreign Corporate Bonds 11.77
Cash and Equivalents 6.17
Canadian Government Bonds 1.29

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.83
Cash and Cash Equivalent 6.17

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Brookfield Props Retl Hldg LLC 5.75% 15-May-2026 7.28
Royal Bank of Canada 4.50% 24-Oct-2025 5.18
Bank of Nova Scotia 7.02% 27-Jun-2027 4.87
Bank of Montreal 4.30% 26-Oct-2025 4.33
Brookfield Proprty Finance ULC 7.13% 13-Feb-2028 4.26
Rogers Communications Inc 5.00% 17-Dec-2081 4.21
Inter Pipeline Ltd 6.88% 26-Mar-2079 4.09
Royal Bank of Canada 4.00% 24-Jan-2026 4.00
Inter Pipeline Ltd 6.63% 19-Nov-2079 3.14
Toronto-Dominion Bank 7.28% 01-Oct-2027 2.92

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 High Yield Bond Fund Series D

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 3.80% 5.33% 4.91%
Beta 0.39% 0.58% 0.35%
Alpha 0.01% 0.02% 0.03%
Rsquared 0.50% 0.59% 0.24%
Sharpe 0.00% 0.41% 0.64%
Sortino -0.11% 0.27% 0.43%
Treynor 0.00% 0.04% 0.09%
Tax Efficiency 25.32% 52.38% 53.37%
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 3.56% 3.80% 5.33% 4.91%
Beta 0.32% 0.39% 0.58% 0.35%
Alpha 0.06% 0.01% 0.02% 0.03%
Rsquared 0.16% 0.50% 0.59% 0.24%
Sharpe 1.16% 0.00% 0.41% 0.64%
Sortino 5.64% -0.11% 0.27% 0.43%
Treynor 0.13% 0.00% 0.04% 0.09%
Tax Efficiency 77.81% 25.32% 52.38% 53.37%

Fund Details

Start Date July 27, 2000
Instrument Type Mutual Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $9,201

Fund Codes

FundServ Code Load Code Sales Status
PHN280
RBF1280

Investment Objectives

The fundamental investment objectives of the Fund are to provide a high level of income and the opportunity for capital appreciation by investing primarily in a well-diversified portfolio of fixed-income securities issued by Canadian and/or foreign corporations and governments.

Investment Strategy

To achieve the Fund’s investment objectives, we invest primarily in medium quality Canadian and/or foreign corporate bonds, convertible bonds, preferred shares and government bonds issued or traded in Canadian and U.S. dollars. In addition, we may also invest in asset-backed commercial paper. The average term to maturity of the portfolio is managed within strict guidelines, typically between three and 13 years.

Portfolio Manager(s)

Name Start Date
Hanif Mamdani 12-08-2020

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 0.86%
Management Fee 0.75%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.15%
Trailer Fee Max (LL) -

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