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High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$8.13
Change
-$0.02 (-0.28%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

IG Putnam U.S. High Yield Income Fund Series C

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Fund Returns

Inception Return (July 28, 2008): 3.76%

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 1.06% 0.05% -1.75% 1.07% 7.57% 0.17% -0.32% 4.18% 1.34% 1.44% 1.51% 2.76% 1.80% 1.76%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.03% 7.25% 7.25% 1.56% 7.53% 1.83% 0.64% 4.83% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 121 / 300 252 / 300 236 / 298 252 / 300 180 / 294 271 / 288 241 / 281 216 / 274 231 / 266 212 / 242 194 / 229 182 / 201 169 / 190 161 / 173
Quartile Ranking 2 4 4 4 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.89% -1.36% 1.53% 1.19% 0.14% -1.52% -1.75% 4.16% 3.13% 0.05% -0.04% 1.06%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

7.68% (April 2009)

Worst Monthly Return Since Inception

-17.36% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.78% -5.60% 12.96% 4.76% -5.13% 11.58% 2.33% 3.35% -13.10% 9.50%
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 4 4 2 3 4 2 4 3 4 2
Category Rank 138/ 172 154/ 183 93/ 200 118/ 228 212/ 240 89/ 265 208/ 273 168/ 275 263/ 285 134/ 294

Best Calendar Return (Last 10 years)

12.96% (2016)

Worst Calendar Return (Last 10 years)

-13.10% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 90.92
Cash and Equivalents 8.35
US Equity 0.74
Canadian Equity 0.10
Derivatives -0.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.92
Cash and Cash Equivalent 8.35
Energy 0.52
Financial Services 0.23
Industrial Services 0.10
Other -0.12

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.60
Europe 1.84
Multi-National 0.24
Other -0.68

Top Holdings

Top Holdings
Name Percent
United States Treasury - Disc #1254 7.00
Ford Motor Credit Co LLC 7.35% 06-Jan-2030 1.18
Occidental Petroleum Corp 6.20% 15-Mar-2040 0.77
United States Treasury - Disc #1244 0.72
Energy Transfer LP 6.63% PERP 0.65
Endeavor Energy Resources LP 5.75% 30-Jan-2028 0.59
Carnival Corp 5.75% 01-Mar-2027 0.58
Royal Caribbean Cruises Ltd 9.25% 15-Jan-2029 0.57
Southwestern Energy Co 5.38% 01-Feb-2029 0.54
Goodyear Tire & Rubber Co 5.63% 30-Apr-2033 0.53

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IG Putnam U.S. High Yield Income Fund Series C

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 8.13% 9.18% 7.44%
Beta 0.78% 1.00% 0.56%
Alpha -0.02% -0.02% -0.01%
Rsquared 0.45% 0.60% 0.28%
Sharpe -0.32% -0.02% 0.09%
Sortino -0.47% -0.16% -0.16%
Treynor -0.03% 0.00% 0.01%
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.22% 8.13% 9.18% 7.44%
Beta 0.52% 0.78% 1.00% 0.56%
Alpha 0.02% -0.02% -0.02% -0.01%
Rsquared 0.14% 0.45% 0.60% 0.28%
Sharpe 0.44% -0.32% -0.02% 0.09%
Sortino 1.43% -0.47% -0.16% -0.16%
Treynor 0.05% -0.03% 0.00% 0.01%
Tax Efficiency 69.28% - - -

Fund Details

Start Date July 28, 2008
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $111

Fund Codes

FundServ Code Load Code Sales Status
IGI611
IGI612
IGI613

Investment Objectives

The Fund aims to provide a high level of current income and the potential for moderate capital appreciation by investing primarily in U.S. high yielding investments.

Investment Strategy

The Fund invests primarily in U.S. high yield securities (including, but not limited to, non-investment grade bonds, debentures, convertible securities, asset-backed securities, and notes). The Fund seeks to diversify by industry and company and may also invest in securities of issuers outside the United States. The Fund intends to limit foreign currency risk by hedging foreign currency exposure back to Canadian dollars.

Portfolio Manager(s)

Name Start Date
I.G. Investment Management, Ltd. 07-28-2008
Robert Salvin 02-02-2021
Norman Boucher 02-02-2021
The Putnam Advisory Company LLC 05-03-2023

Management and Organization

Fund Manager I.G. Investment Management, Ltd.
Advisor I.G. Investment Management, Ltd.
Custodian Canadian Imperial Bank of Commerce
Registrar I.G. Investment Management, Ltd.
Distributor Investors Group Financial Services Inc.
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.13%
Management Fee 1.75%
Load Choice of Back or No Load
FE Max 0.00%
DSC Max 0.00%
LL Max -
Trailer Fee Max (FE) 0.00%
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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