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

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
(07-23-2024)
$8.30
Change
$0.01 (0.14%)

As at June 30, 2024

As at April 30, 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): 3.75%

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 1.02% 0.77% 1.85% 1.85% 7.28% 6.49% -0.81% 2.25% 1.11% 1.56% 1.43% 2.37% 1.89% 1.61%
Benchmark 1.79% 2.35% 6.59% 6.59% 14.42% 13.47% 3.38% 3.80% 3.77% 4.27% 4.15% 5.14% 5.27% 5.98%
Category Average 0.68% 2.56% 2.56% 2.56% 7.97% 6.42% 0.23% 2.95% 2.20% 2.59% 2.42% 3.11% 2.73% 2.49%
Category Rank 38 / 301 227 / 301 252 / 301 252 / 301 244 / 295 201 / 292 247 / 286 227 / 276 235 / 270 219 / 250 206 / 238 182 / 221 172 / 193 164 / 181
Quartile Ranking 1 4 4 4 4 3 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.19% 0.14% -1.52% -1.75% 4.16% 3.13% 0.05% -0.04% 1.06% -1.12% 0.88% 1.02%
Benchmark 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79%

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 139/ 173 156/ 185 93/ 201 120/ 229 213/ 240 90/ 265 211/ 275 168/ 277 265/ 286 137/ 295

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 94.83
Cash and Equivalents 4.56
US Equity 0.63
Canadian Equity 0.10
Derivatives -0.13
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.83
Cash and Cash Equivalent 4.56
Energy 0.43
Financial Services 0.20
Industrial Services 0.10
Other -0.12

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.53
Europe 2.35
Multi-National 0.25
Other -2.13

Top Holdings

Top Holdings
Name Percent
United States Treasury - Disc #1322 3.65
Ford Motor Credit Co LLC 7.35% 06-Jan-2030 1.22
Occidental Petroleum Corp 6.20% 15-Mar-2040 0.78
Endeavor Energy Resources LP 5.75% 30-Jan-2028 0.64
Carnival Corp 5.75% 01-Mar-2027 0.61
Royal Caribbean Cruises Ltd 9.25% 15-Jan-2029 0.60
Southwestern Energy Co 5.38% 01-Feb-2029 0.56
CSC Holdings LLC 11.75% 31-Jan-2029 0.54
Goodyear Tire & Rubber Co 5.63% 30-Apr-2033 0.54
Watco Cos LLC 6.50% 15-Jun-2027 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 8.15% 9.14% 7.45%
Beta 0.81% 1.00% 0.57%
Alpha -0.03% -0.02% -0.02%
Rsquared 0.46% 0.60% 0.28%
Sharpe -0.43% -0.06% 0.05%
Sortino -0.55% -0.20% -0.19%
Treynor -0.04% -0.01% 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 6.08% 8.15% 9.14% 7.45%
Beta 0.61% 0.81% 1.00% 0.57%
Alpha -0.01% -0.03% -0.02% -0.02%
Rsquared 0.14% 0.46% 0.60% 0.28%
Sharpe 0.39% -0.43% -0.06% 0.05%
Sortino 1.39% -0.55% -0.20% -0.19%
Treynor 0.04% -0.04% -0.01% 0.01%
Tax Efficiency 67.49% - - -

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) $107

Fund Codes

FundServ Code Load Code Sales Status
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 2.15%
Management Fee 1.75%
Load Choice of Front or Back
FE Max -
DSC Max 1.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) 0.70%
Trailer Fee Max (LL) -

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