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Manulife Corporate Fixed Income Private Trust Advisor Series

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
(06-12-2024)
$9.14
Change
$0.03 (0.38%)

As at May 31, 2024

As at April 30, 2024

Period
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Manulife Corporate Fixed Income Private Trust Advisor Series

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Fund Returns

Inception Return (December 14, 2012): 3.04%

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 1.34% 1.33% 4.91% 1.66% 6.86% 3.74% 0.60% 2.91% 2.30% 2.64% 2.26% 3.07% 2.67% 2.76%
Benchmark 0.00% 1.38% 5.64% 4.71% 11.59% 9.36% 3.70% 3.44% 3.27% 4.18% 3.35% 4.92% 4.94% 5.70%
Category Average 1.16% 4.81% 4.81% 1.86% 8.14% 3.69% 0.33% 3.15% 2.38% 2.48% 2.28% 3.12% 2.55% 2.48%
Category Rank 38 / 295 181 / 295 161 / 295 205 / 295 249 / 289 178 / 286 166 / 277 187 / 270 180 / 263 146 / 244 146 / 234 149 / 217 122 / 188 103 / 176
Quartile Ranking 1 3 3 3 4 3 3 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.25% 0.13% 0.34% -1.85% -0.55% 3.62% 3.19% 0.03% 0.29% 0.78% -0.78% 1.34%
Benchmark -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00%

Best Monthly Return Since Inception

3.97% (April 2020)

Worst Monthly Return Since Inception

-9.97% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.34% 0.31% 8.25% 3.99% -2.29% 9.49% 5.53% 2.82% -8.68% 8.01%
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 3 1 4 3 2 3 2 3 2 3
Category Rank 87/ 169 40/ 181 165/ 197 161/ 225 112/ 236 150/ 261 120/ 269 192/ 271 88/ 280 209/ 289

Best Calendar Return (Last 10 years)

9.49% (2019)

Worst Calendar Return (Last 10 years)

-8.68% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 48.34
Foreign Corporate Bonds 38.54
Foreign Government Bonds 4.72
Cash and Equivalents 4.51
Canadian Government Bonds 3.47
Other 0.42

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 95.48
Cash and Cash Equivalent 4.51
Financial Services 0.00
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.47
Europe 0.96
Latin America 0.57

Top Holdings

Top Holdings
Name Percent
Rogers Communications Inc 5.25% 15-Mar-2082 -
United States Treasury 4.50% 15-Feb-2044 -
Enbridge Inc 8.25% 15-Oct-2028 -
Algonquin Power & Utils Corp 4.75% 18-Jan-2082 -
Royal Bank of Canada 4.50% 24-Oct-2025 -
Canada Government 1.75% 01-Dec-2053 -
Canada Government 2.00% 01-Jun-2028 -
PRIME TRUST -
FEDERAL HOME LOAN BANK -
North West Redwater Partnershp 3.65% 01-Dec-2034 -

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Manulife Corporate Fixed Income Private Trust Advisor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.97% 7.12% 5.49%
Beta 0.65% 0.83% 0.54%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.58% 0.67% 0.47%
Sharpe -0.35% 0.07% 0.26%
Sortino -0.51% -0.08% -0.03%
Treynor -0.03% 0.01% 0.03%
Tax Efficiency - 35.80% 45.03%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.37% 5.97% 7.12% 5.49%
Beta 0.56% 0.65% 0.83% 0.54%
Alpha 0.01% -0.02% 0.00% 0.00%
Rsquared 0.18% 0.58% 0.67% 0.47%
Sharpe 0.36% -0.35% 0.07% 0.26%
Sortino 1.52% -0.51% -0.08% -0.03%
Treynor 0.03% -0.03% 0.01% 0.03%
Tax Efficiency 76.26% - 35.80% 45.03%

Fund Details

Start Date December 14, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $236

Fund Codes

FundServ Code Load Code Sales Status
MMF1940

Investment Objectives

The fundamental investment objective of the Pool is to seek to generate income and capital appreciation primarily through exposure to a diversified portfolio of Canadian and U.S. investment grade and high yield corporate bonds. The fundamental investment objective of the Fund cannot be changed without the approval of investors who own securities in the Fund.

Investment Strategy

The portfolio advisor uses a combination of top down economic research and bottom-up credit analysis to generate above average long-term returns by identifying “pockets of value” and minimizing downside risk. The process emphasizes sector allocation, credit quality and security selection, combined with active yield curve management and risk containment.

Portfolio Manager(s)

Name Start Date
Terry Carr 12-11-2020

Management and Organization

Fund Manager Manulife Investment Management Limited
Advisor Manulife Investment Management Limited
Custodian RBC Investor Services Trust (Canada)
Registrar Manulife Investment Management Limited
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 150,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance 150,000
SWP Min Withdrawal 1,000

Fees

MER 1.28%
Management Fee 1.01%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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