Join Fund Library now and get free access to personalized features to help you manage your investments.

Add to My Watchlist

Alternative Credit Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$12.42
Change
-$0.02 (-0.14%)

As at March 31, 2024

Period
Loading...

Legend

Fulcra Credit Opportunities Fund Class B

Compare Options


Fund Returns

Inception Return (July 02, 2009): 6.98%

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 0.13% 0.92% -0.34% 1.35% 8.69% 3.44% 4.46% 10.01% 5.86% 5.02% 5.05% 8.40% 6.95% 6.26%
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.82% 6.16% 6.16% 1.92% 6.88% 3.42% 2.11% 5.50% - - - - - -
Category Rank 109 / 120 84 / 120 104 / 119 84 / 120 40 / 116 46 / 102 9 / 75 5 / 52 2 / 33 2 / 16 2 / 16 1 / 13 1 / 12 1 / 11
Quartile Ranking 4 3 4 3 2 2 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.85% 0.20% 0.38% 1.18% 1.49% -0.02% -0.34% 1.15% 1.15% 0.92% 0.30% 0.13%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

4.03% (May 2016)

Worst Monthly Return Since Inception

-13.46% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.09% -6.38% 31.86% 9.94% 0.20% 6.05% 4.14% 12.39% -1.80% 9.01%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - 4 1 1 2 2 4 1 2 1
Category Rank - 10/ 12 1/ 13 1/ 16 6/ 16 9/ 23 40/ 47 6/ 75 35/ 98 23/ 116

Best Calendar Return (Last 10 years)

31.86% (2016)

Worst Calendar Return (Last 10 years)

-6.38% (2015)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fulcra Credit Opportunities Fund Class B

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 3.22% 7.50% 6.41%
Beta 0.14% 0.28% 0.13%
Alpha 0.05% 0.06% 0.06%
Rsquared 0.09% 0.06% 0.01%
Sharpe 0.56% 0.54% 0.77%
Sortino 0.62% 0.47% 0.67%
Treynor 0.13% 0.14% 0.37%
Tax Efficiency 47.61% 64.56% 71.14%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 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 2.35% 3.22% 7.50% 6.41%
Beta 0.13% 0.14% 0.28% 0.13%
Alpha 0.08% 0.05% 0.06% 0.06%
Rsquared 0.15% 0.09% 0.06% 0.01%
Sharpe 1.55% 0.56% 0.54% 0.77%
Sortino 8.17% 0.62% 0.47% 0.67%
Treynor 0.28% 0.13% 0.14% 0.37%
Tax Efficiency 55.39% 47.61% 64.56% 71.14%

Fund Details

Start Date July 02, 2009
Instrument Type Mutual Fund (Alternative)
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
FAM201

Investment Objectives

The investment objective of the Fulcra Credit Opportunities Fund is to generate income and long-term capital appreciation through investments primarily in debt securities (bonds, loans and other fixed income securities), but may hold equity and other equity-like securities. The Fund targets absolute return by investing in the best risk-reward opportunities within the capital structure of businesses.

Investment Strategy

In seeking to achieve the Fund's investment objective, the Investment Manager will employ a value-based fundamental research process. The Investment Manager believes that private and public securities are priced inefficiently and, as a result, the price of any given security only occasionally coincides with its intrinsic value. The Investment Manager will attempt to identify and exploit these inaccuracies using internal analyses.

Portfolio Manager(s)

Name Start Date
Matthew Shandro 06-30-2009

Management and Organization

Fund Manager Fulcra Asset Management
Advisor Fulcra Asset Management
Custodian CIBC Mellon Trust Company
Registrar -
Distributor -
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER -
Management Fee 0.75%
Load Front Fee Only
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.