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High Yield Fixed Income
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|
NAVPS (10-08-2024) |
$5.66 |
|---|---|
| Change |
$0.00
(0.01%)
|
As at September 30, 2024
As at August 31, 2024
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Inception Return (June 22, 2005): 3.72%
| 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 | 1.03% | 3.64% | 4.43% | 5.50% | 12.55% | 10.41% | 1.21% | 2.98% | 2.57% | 2.68% | 2.28% | 2.85% | 3.59% | 2.89% |
| Benchmark | 2.00% | 4.50% | 6.96% | 11.39% | 16.92% | 13.88% | 3.99% | 4.21% | 4.33% | 4.99% | 4.94% | 4.89% | 5.51% | 6.30% |
| Category Average | 1.23% | 5.03% | 5.03% | 6.67% | 12.65% | 9.09% | 1.37% | 3.08% | 2.89% | 3.06% | 2.83% | 3.11% | 3.64% | 3.00% |
| Category Rank | 228 / 301 | 206 / 300 | 255 / 299 | 266 / 299 | 193 / 297 | 118 / 293 | 209 / 284 | 189 / 271 | 203 / 267 | 193 / 253 | 186 / 234 | 157 / 219 | 133 / 191 | 130 / 180 |
| Quartile Ranking | 4 | 3 | 4 | 4 | 3 | 2 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.45% | 4.58% | 3.51% | 0.23% | -0.24% | 1.04% | -0.80% | 0.82% | 0.76% | 1.39% | 1.18% | 1.03% |
| Benchmark | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% |
8.24% (April 2009)
-18.77% (October 2008)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.12% | -4.62% | 13.57% | 5.62% | -6.07% | 11.75% | 4.03% | 3.58% | -11.12% | 10.27% |
| 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 | 4 | 3 | 2 | 2 | 4 | 2 | 3 | 3 | 4 | 2 |
| Category Rank | 130/ 170 | 134/ 181 | 73/ 197 | 75/ 225 | 236/ 236 | 86/ 261 | 164/ 270 | 150/ 275 | 223/ 284 | 96/ 293 |
13.57% (2016)
-11.12% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 87.17 |
| Cash and Equivalents | 12.61 |
| Canadian Corporate Bonds | 0.22 |
| Name | Percent |
|---|---|
| Fixed Income | 87.39 |
| Cash and Cash Equivalent | 12.61 |
| Name | Percent |
|---|---|
| North America | 98.02 |
| Latin America | 1.16 |
| Europe | 0.82 |
| Name | Percent |
|---|---|
| US Dollar | 3.89 |
| Cash and Cash Equivalents | 2.68 |
| USD Currency Forward | 2.43 |
| Tenet Healthcare Corp 6.13% 15-Jun-2030 | 1.03 |
| Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 | 1.02 |
| Barclays PLC 8.00% PERP | 1.01 |
| Jazz Securities DAC 4.38% 12-Sep-2024 | 0.99 |
| Medline Borrower LP 3.88% 01-Apr-2029 | 0.98 |
| Sunrise HoldCo IV BV 5.50% 15-Jan-2028 | 0.96 |
| Olympus Water US Holding Corp 6.25% 01-Oct-2029 | 0.91 |
NEI Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 8.40% | 8.85% | 7.14% |
|---|---|---|---|
| Beta | 0.82% | 0.94% | 0.55% |
| Alpha | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.47% | 0.59% | 0.29% |
| Sharpe | -0.21% | 0.08% | 0.22% |
| Sortino | -0.23% | -0.01% | 0.02% |
| Treynor | -0.02% | 0.01% | 0.03% |
| Tax Efficiency | - | - | 24.54% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.80% | 8.40% | 8.85% | 7.14% |
| Beta | 0.30% | 0.82% | 0.94% | 0.55% |
| Alpha | 0.07% | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.03% | 0.47% | 0.59% | 0.29% |
| Sharpe | 1.26% | -0.21% | 0.08% | 0.22% |
| Sortino | 4.39% | -0.23% | -0.01% | 0.02% |
| Treynor | 0.24% | -0.02% | 0.01% | 0.03% |
| Tax Efficiency | 80.04% | - | - | 24.54% |
| Start Date | June 22, 2005 |
|---|---|
| Instrument Type | Mutual Fund (Wrap Program, Responsible Investment) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $369 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NWT10142 | ||
| NWT10243 | ||
| NWT10343 | ||
| NWT10642 | ||
| NWT842 |
The investment objective of this Fund is to provide a high level of current income while maintaining security of capital. The Fund invests primarily in a diversified portfolio of high-yield, higher risk, global corporate bonds and notes and may also invest in other fixed income investments with similar characteristics.
The Portfolio Sub-Advisor uses an investment strategy that focuses on providing added value through rigorous fundamental research, a global perspective, and dynamic risk management. The Portfolio Sub-Advisor focuses on fundamental credit research and uses a factor/variable framework to determine buy candidates and sector weighting.
| Name | Start Date |
|---|---|
| Northwest & Ethical Investments L.P. | 07-16-2009 |
| Darrin E. Smith | 05-08-2015 |
| Mark P. Denkinger | 05-08-2015 |
| Joshua Rank | 05-08-2015 |
| Fund Manager | Northwest & Ethical Investments L.P. |
|---|---|
| Advisor | Northwest & Ethical Investments L.P. |
| Custodian | Desjardins Trust Inc. |
| Registrar | Northwest & Ethical Investments L.P. |
| Distributor | Credential Asset Management Inc. |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
| MER | 2.00% |
|---|---|
| Management Fee | 1.50% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 6.00% |
| Trailer Fee Max (FE) | 0.75% |
| Trailer Fee Max (DSC) | 0.25% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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