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Desjardins Floating Rate Income Fund A Class

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Multi-Sector Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

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NAVPS
(09-11-2024) 		$9.22
Change
$0.01 (0.12%)

As at August 31, 2024

As at August 31, 2024

Period
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Legend

Desjardins Floating Rate Income Fund A Class

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Fund Returns

Inception Return (May 12, 2014): 2.67%

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 0.79% 1.78% 3.96% 6.54% 11.69% 9.04% 4.08% 4.98% 3.74% 3.42% 3.11% 3.59% 3.57% 2.71%
Benchmark -0.33% 4.35% 4.61% 5.54% 8.45% 7.00% -0.87% -0.92% 0.08% 1.74% 1.90% 1.42% 2.06% 3.39%
Category Average 1.06% 4.09% 4.09% 3.73% 7.98% - - - - - - - - -
Category Rank 179 / 297 291 / 295 173 / 294 22 / 293 17 / 293 8 / 283 7 / 276 12 / 250 20 / 239 31 / 219 32 / 182 19 / 156 22 / 120 40 / 96
Quartile Ranking 3 4 3 1 1 1 1 1 1 1 1 1 1 2

Monthly Return

Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund 0.12% -0.16% 2.76% 2.05% 0.97% 1.50% 1.17% 0.63% 0.32% -0.19% 1.17% 0.79%
Benchmark -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33%

Best Monthly Return Since Inception

3.32% (November 2020)

Worst Monthly Return Since Inception

-14.99% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -3.32% 8.24% 6.50% -1.85% 8.98% -1.72% 3.40% -4.03% 9.76%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - 4 1 1 3 2 4 1 1 1
Category Rank - 100/ 107 28/ 131 16/ 168 144/ 204 74/ 234 248/ 248 36/ 266 18/ 276 23/ 284

Best Calendar Return (Last 10 years)

9.76% (2023)

Worst Calendar Return (Last 10 years)

-4.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 56.12
Cash and Equivalents 15.10
Foreign Government Bonds 12.95
Mortgages 10.60
Derivatives 3.55
Other 1.68

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 81.29
Cash and Cash Equivalent 15.10
Real Estate 0.05
Consumer Services 0.01
Telecommunications 0.00
Other 3.55

Geographic Allocation

Geographic Allocation
Name Percent
North America 67.08
Europe 20.65
Latin America 5.43
Africa and Middle East 3.60
Other 3.24

Top Holdings

Top Holdings
Name Percent
AmSurg 3.14
Eurosail, Series 2007-1X, Class C1A, Mezzanine 4.18% 13-Dec-2041 2.61
Canada Government 10-Oct-2024 2.40
Canada Government 21-Nov-2024 2.29
Canada Government 07-Nov-2024 1.92
Wesco Aircraft Holdings, P.P. 10.50% 15-Nov-2026 1.73
Stratton Hawksmoor PLC 6.70% 25-Feb-2053 1.70
Syniverse Holdings, BL 8.40% 13-May-2027 1.68
Egypt Government 4.75% 16-Apr-2026 1.65
Cote D'Ivoire Government 5.25% 22-Mar-2030 1.59

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Desjardins Floating Rate Income Fund A Class

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 4.84% 8.47% 6.79%
Beta 0.32% 0.19% -0.07%
Alpha 0.04% 0.04% 0.03%
Rsquared 0.21% 0.02% 0.01%
Sharpe 0.18% 0.22% 0.20%
Sortino 0.32% 0.14% -0.01%
Treynor 0.03% 0.10% -0.19%
Tax Efficiency 34.43% 36.43% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 3.07% 4.84% 8.47% 6.79%
Beta 0.26% 0.32% 0.19% -0.07%
Alpha 0.09% 0.04% 0.04% 0.03%
Rsquared 0.22% 0.21% 0.02% 0.01%
Sharpe 2.07% 0.18% 0.22% 0.20%
Sortino 13.28% 0.32% 0.14% -0.01%
Treynor 0.25% 0.03% 0.10% -0.19%
Tax Efficiency 76.44% 34.43% 36.43% -

Fund Details

Start Date May 12, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $104

Fund Codes

FundServ Code Load Code Sales Status
DJT00024

Investment Objectives

The objective of the Fund is to provide a high income while minimizing the effects of interest rate fluctuations. The Fund invests primarily in floating-rate and fixed-rate debt securities of issuers throughout the world and enters into derivative instrument transactions to generate a floating rate income.

Investment Strategy

The management of the Fund is entrusted to a sub-manager who combines a top-down analysis for asset allocation, with a bottom-up analysis for security selection. The Fund invests primarily in global credit markets including, without limitation, investment-grade corporate bonds, high-yield corporate bonds and emerging market bonds, which provide higher income than government bonds from developed markets, like Government of Canada and US Treasury bonds.

Portfolio Manager(s)

Name Start Date
Desjardins Global Asset Management Inc. 07-24-2019
Pacific Investment Management Co LLC (PIMCO) 03-31-2023

Management and Organization

Fund Manager Desjardins Investments Inc.
Advisor Desjardins Global Asset Management Inc.
Custodian Desjardins Trust Inc.
Registrar Desjardins Investments Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 1,000
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 100

Fees

MER 1.61%
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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