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MD Strategic Yield Fund Series A

Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$8.70
Change
$0.02 (0.23%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

MD Strategic Yield Fund Series A

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Fund Returns

Inception Return (June 20, 2014): 1.82%

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% 1.03% 6.35% 1.03% 3.21% -0.42% -2.05% -0.31% -0.29% -0.02% -0.07% 0.68% 0.58% -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 192 / 276 107 / 275 143 / 275 107 / 275 205 / 266 202 / 258 223 / 251 218 / 231 204 / 216 169 / 188 147 / 154 102 / 120 85 / 102 -
Quartile Ranking 3 2 3 2 4 4 4 4 4 4 4 4 4 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.11% -1.14% 0.00% 0.23% 0.11% -2.29% -0.47% 3.53% 2.16% 0.57% -0.34% 0.80%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

9.49% (January 2015)

Worst Monthly Return Since Inception

-4.11% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 12.34% 1.38% -2.00% 0.28% 6.87% 5.46% -1.75% -13.28% 5.89%
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 - 1 4 4 1 3 2 4 4 3
Category Rank - 2/ 93 111/ 117 153/ 154 45/ 188 111/ 216 111/ 230 215/ 248 236/ 258 174/ 266

Best Calendar Return (Last 10 years)

12.34% (2015)

Worst Calendar Return (Last 10 years)

-13.28% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 43.07
Foreign Government Bonds 35.52
Mortgages 6.99
Cash and Equivalents 2.27
US Equity 0.37
Other 11.78

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 85.74
Exchange Traded Fund 11.62
Cash and Cash Equivalent 2.27
Financial Services 0.39
Utilities 0.03
Other -0.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.24
Latin America 3.22
Europe 2.98
Asia 2.88
Africa and Middle East 2.07
Other 2.61

Top Holdings

Top Holdings
Name Percent
iShares Core US Aggregate Bond ETF (AGG) 13.99
iShares Broad USD High Yield Corp Bond ETF (USHY) 10.08
iShares Brd USD Invest Grade Corp Bnd ETF (CRED) 10.03
Vanguard Intermediate-Term Corp Bnd Idx ETF (VCIT) 7.03
iShares JPMorgan USD EM Bond ETF (EMB) 6.17
SPDR BofA Merrill Lynch Crossover Corp Bd ETF 6.08
iShares US Treasury Bond ETF (GOVT) 6.02
iShares 1-3 Year Treasury Bond ETF (SHY) 5.53
Vanguard Sht-Term Infltn-Prtctd Sec Idx ETF (VTIP) 5.07
VanEck Fallen Angel High Yield Bond ETF (ANGL) 4.07

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

MD Strategic Yield Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.32% 5.74% -
Beta 0.78% 0.68% -
Alpha -0.01% 0.00% -
Rsquared 0.72% 0.56% -
Sharpe -0.71% -0.36% -
Sortino -0.97% -0.69% -
Treynor -0.06% -0.03% -
Tax Efficiency - - -
Volatility 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 5.13% 6.32% 5.74% -
Beta 0.69% 0.78% 0.68% -
Alpha 0.01% -0.01% 0.00% -
Rsquared 0.58% 0.72% 0.56% -
Sharpe -0.28% -0.71% -0.36% -
Sortino 0.09% -0.97% -0.69% -
Treynor -0.02% -0.06% -0.03% -
Tax Efficiency 59.25% - - -

Fund Details

Start Date June 20, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Restricted
Currency CAD
Distribution Frequency Annual
Assets ($mil) $3

Fund Codes

FundServ Code Load Code Sales Status
MDM410

Investment Objectives

The Fund’s objective is to provide income and long-term capital appreciation. The Fund invests primarily to obtain exposure to alternative or non-traditional asset classes or strategies that have a low correlation to traditional asset classes. The Fund invests primarily in equity securities, exchange-traded funds (“ETFs”) listed on a Canadian or U.S. stock exchange and fixed-income securities that emphasize alternative or non-traditional asset classes or strategies.

Investment Strategy

The Fund may invest in any one alternative or non-traditional asset category which is expected to complement or have a low correlation to traditional asset categories within the following ranges: 0% to 50% equities, 0% to 100% ETFs, 0% to 100% fixed-income securities, 0% to 10% Commodity and U.S. ETFs (defined below), and 0% to 25% cash equivalents or debt instruments with a remaining term to maturity of 365 days or less.

Portfolio Manager(s)

Name Start Date
1832 Asset Management L.P. 05-27-2022

Management and Organization

Fund Manager MD Financial Management Inc.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar MD Financial Management Inc.
Distributor MD Financial Management Inc.
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 3,000
PAC Subsequent 1,000
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.47%
Management Fee 1.39%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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