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AGF Short-Term Income Class Mutual Fund Series

Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2024)
$14.74
Change
$0.03 (0.18%)

As at May 31, 2024

As at April 30, 2024

Period
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Legend

AGF Short-Term Income Class Mutual Fund Series

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Fund Returns

Inception Return (October 03, 1994): 1.34%

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 0.80% 0.96% 2.51% 0.97% 4.19% 2.32% -0.18% 0.08% 0.60% 0.99% 0.66% 0.72% 0.65% 0.70%
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 166 / 318 172 / 315 166 / 282 161 / 282 206 / 272 198 / 260 189 / 244 192 / 229 185 / 221 175 / 207 163 / 195 150 / 180 139 / 166 128 / 150
Quartile Ranking 3 3 3 3 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -0.29% -0.15% 0.28% -0.58% 0.65% 1.73% 1.52% -0.08% 0.09% 0.45% -0.29% 0.80%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

2.23% (August 1998)

Worst Monthly Return Since Inception

-2.04% (January 1999)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.22% 0.45% 0.71% -0.20% 0.83% 2.04% 4.43% -1.97% -4.52% 4.40%
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 4 4 3 3 3 4 3 4 3 4
Category Rank 125/ 140 133/ 161 119/ 174 134/ 182 125/ 202 190/ 218 143/ 228 227/ 234 146/ 248 203/ 262

Best Calendar Return (Last 10 years)

4.43% (2020)

Worst Calendar Return (Last 10 years)

-4.52% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 54.20
Canadian Government Bonds 26.31
Cash and Equivalents 10.46
Canadian Bonds - Other 4.69
Foreign Corporate Bonds 4.35
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.55
Cash and Cash Equivalent 10.46
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.09
Other -0.09

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 7.41
Canada Housing Trust No 1 3.10% 15-Jun-2028 5.68
Canada Government 1.00% 01-Jun-2027 5.23
Ontario Province 3.40% 08-Sep-2028 3.81
Canadian Western Bank 5.26% 20-Dec-2025 3.74
Cards II Trust 2.43% 15-Nov-2027 3.49
Finning International Inc 4.45% 16-May-2028 2.78
Ontario Province 2.60% 02-Jun-2027 2.67
Capital Power Corp 5.38% 25-Jan-2027 2.39
Cash and Cash Equivalents 2.35

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

AGF Short-Term Income Class Mutual Fund Series

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.71% 2.36% 1.89%
Beta 0.99% 1.00% 0.96%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.98% 0.97% 0.93%
Sharpe -1.12% -0.60% -0.38%
Sortino -1.31% -1.17% -1.35%
Treynor -0.03% -0.01% -0.01%
Tax Efficiency - 100.00% 100.00%
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 2.51% 2.71% 2.36% 1.89%
Beta 1.02% 0.99% 1.00% 0.96%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 0.98% 0.98% 0.97% 0.93%
Sharpe -0.28% -1.12% -0.60% -0.38%
Sortino 0.91% -1.31% -1.17% -1.35%
Treynor -0.01% -0.03% -0.01% -0.01%
Tax Efficiency 100.00% - 100.00% 100.00%

Fund Details

Start Date October 03, 1994
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency No Distribution
Assets ($mil) $15

Fund Codes

FundServ Code Load Code Sales Status
AGF223
AGF272
AGF923

Investment Objectives

The Fund's objective is to provide maximum income while preserving capital and liquidity. It invests primarily in short-term instruments, government guaranteed securities and corporate paper with a minimum A credit rating.

Investment Strategy

The Fund invests primarily in cash and short-term instruments such as government guaranteed securities, bankers’ acceptances and corporate paper. The Fund may also invest in foreign securities, which will vary from time to time. Foreign securities are not typically expected to exceed 49% of the net assets of the Fund at the time of purchase.

Portfolio Manager(s)

Name Start Date
David G. Stonehouse 07-17-2015

Management and Organization

Fund Manager AGF Investments Inc.
Advisor AGF Investments Inc.
Custodian CIBC Mellon Trust Company
Registrar AGF CustomerFirst Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 0

Fees

MER 1.15%
Management Fee 1.00%
Load Choice of Front or No Load
FE Max 6.00%
DSC Max 5.50%
Trailer Fee Max (FE) 0.25%
Trailer Fee Max (DSC) 0.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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