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Phillips, Hager & North High Yield Bond Fund Series A
Multi-Sector Fixed Income
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024, 2022, 2021, 2019
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|
NAVPS (09-17-2026) |
$11.86 |
|---|---|
| Change |
$0.02
(0.19%)
|
As at August 31, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (November 17, 2008): 6.03%
| 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 | 0.19% | 0.61% | 1.19% | 2.34% | 4.29% | 5.77% | 7.71% | 6.39% | 4.02% | 4.71% | 4.58% | 4.42% | 4.33% | 4.66% |
| Benchmark | -0.66% | -0.14% | -0.31% | 1.01% | 2.26% | 4.68% | 5.92% | 5.83% | 1.31% | 0.91% | 1.37% | 2.47% | 2.51% | 2.06% |
| Category Average | 0.25% | -0.43% | -0.88% | 0.30% | 2.03% | 3.09% | 4.70% | - | - | - | - | - | - | - |
| Category Rank | 147 / 298 | 23 / 298 | 30 / 297 | 26 / 293 | 38 / 291 | 28 / 262 | 20 / 259 | 38 / 251 | 25 / 233 | 29 / 218 | 22 / 201 | 32 / 184 | 30 / 160 | 20 / 136 |
| Quartile Ranking | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.94% | 0.50% | 0.28% | 0.18% | 0.62% | 0.52% | -0.83% | 0.65% | 0.77% | 0.53% | -0.10% | 0.19% |
| Benchmark | 2.27% | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% | 1.62% | 2.52% | -1.95% | -0.66% |
Best Monthly Return Since Inception
5.29% (March 2016)
Worst Monthly Return Since Inception
-8.09% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 16.88% | 5.38% | 0.18% | 5.71% | 6.90% | 4.10% | -5.29% | 7.49% | 10.37% | 5.82% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | 1 | 1 | 2 | 4 | 1 | 1 | 1 | 2 | 1 | 2 |
| Category Rank | 7/ 114 | 28/ 147 | 49/ 173 | 158/ 193 | 38/ 214 | 38/ 225 | 28/ 233 | 109/ 251 | 25/ 260 | 103/ 277 |
Best Calendar Return (Last 10 years)
16.88% (2016)
Worst Calendar Return (Last 10 years)
-5.29% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 84.48 |
| Cash and Equivalents | 10.66 |
| Foreign Corporate Bonds | 4.85 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 89.34 |
| Cash and Cash Equivalent | 10.66 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Telus Corp 6.25% 22-Apr-2030 | 4.76 |
| Bell Canada 5.63% 27-Dec-2029 | 3.89 |
| Brookfield Props Retl Hldg LLC 5.75% 15-May-2026 | 3.86 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 3.83 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 3.41 |
| Telus Corp 6.75% 22-Apr-2035 | 3.38 |
| TransCanada PipeLines Ltd 5.200% Feb 15, 2056 | 3.26 |
| Bell Telephone Co of Canada or Bell Canada 5.875% May 12, 2056 | 3.20 |
| Brookfield Proprty Finance ULC 7.13% 13-Feb-2028 | 3.02 |
| Bell Telephone Co of Canada or Bell Canada 5.375% May 12, 2056 | 2.63 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Phillips, Hager & North High Yield Bond Fund Series A
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 2.40% | 3.23% | 3.99% |
|---|---|---|---|
| Beta | 0.30 | 0.34 | 0.17 |
| Alpha | 0.06 | 0.03 | 0.04 |
| Rsquared | 0.35% | 0.42% | 0.07% |
| Sharpe | 1.71 | 0.31 | 0.67 |
| Sortino | 4.58 | 0.48 | 0.53 |
| Treynor | 0.14 | 0.03 | 0.15 |
| Tax Efficiency | 76.96% | 56.35% | 61.53% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.63% | 2.40% | 3.23% | 3.99% |
| Beta | 0.18 | 0.30 | 0.34 | 0.17 |
| Alpha | 0.04 | 0.06 | 0.03 | 0.04 |
| Rsquared | 0.33% | 0.35% | 0.42% | 0.07% |
| Sharpe | 1.21 | 1.71 | 0.31 | 0.67 |
| Sortino | 1.07 | 4.58 | 0.48 | 0.53 |
| Treynor | 0.11 | 0.14 | 0.03 | 0.15 |
| Tax Efficiency | 60.20% | 76.96% | 56.35% | 61.53% |
Fund Details
| Start Date | November 17, 2008 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $14,809 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PHN3280 | ||
| RBF7280 |
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 Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Global Asset Management Inc. RBC Investor Services Trust (Canada) Royal Bank of Canada |
| Distributor |
Phillips, Hager & North Investment Funds Ltd. |
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 | 1.43% |
|---|---|
| Management Fee | 1.25% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.50% |
| Trailer Fee Max (LL) | - |
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