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High Yield Fixed Income
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NAVPS (07-25-2024) |
$5.65 |
---|---|
Change |
$0.00
(0.05%)
|
As at June 30, 2024
As at May 31, 2024
Inception Return (June 22, 2005): 3.58%
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 | 0.76% | 0.77% | 1.80% | 1.80% | 8.21% | 7.59% | 0.11% | 3.12% | 2.03% | 2.32% | 1.92% | 3.02% | 2.62% | 2.30% |
Benchmark | 1.79% | 2.35% | 6.59% | 6.59% | 14.42% | 13.47% | 3.38% | 3.80% | 3.77% | 4.27% | 4.15% | 5.14% | 5.27% | 5.98% |
Category Average | 0.68% | 2.56% | 2.56% | 2.56% | 7.97% | 6.42% | 0.23% | 2.95% | 2.20% | 2.59% | 2.42% | 3.11% | 2.73% | 2.49% |
Category Rank | 164 / 301 | 229 / 301 | 255 / 301 | 255 / 301 | 183 / 295 | 133 / 292 | 204 / 286 | 169 / 276 | 196 / 270 | 181 / 250 | 189 / 238 | 155 / 221 | 143 / 193 | 139 / 181 |
Quartile Ranking | 3 | 4 | 4 | 4 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 |
Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.92% | 0.31% | -1.58% | -1.45% | 4.58% | 3.51% | 0.23% | -0.24% | 1.04% | -0.80% | 0.82% | 0.76% |
Benchmark | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% |
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/ 173 | 134/ 185 | 77/ 201 | 79/ 229 | 240/ 240 | 86/ 265 | 169/ 275 | 152/ 277 | 225/ 286 | 93/ 295 |
13.57% (2016)
-11.12% (2022)
Name | Percent |
---|---|
Foreign Corporate Bonds | 91.52 |
Cash and Equivalents | 8.04 |
Canadian Corporate Bonds | 0.42 |
Other | 0.02 |
Name | Percent |
---|---|
Fixed Income | 91.95 |
Cash and Cash Equivalent | 8.05 |
Name | Percent |
---|---|
North America | 195.22 |
Latin America | 0.76 |
Europe | 0.60 |
Other | -96.58 |
Name | Percent |
---|---|
CAD/USD FWD 20240606 | 97.51 |
US Dollar | 4.04 |
Cash and Cash Equivalents | 1.27 |
Tenet Healthcare Corp 6.13% 15-Jun-2030 | 1.07 |
Barclays PLC 8.00% PERP | 1.02 |
Jazz Securities DAC 4.38% 15-Jan-2029 | 1.02 |
Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 | 1.01 |
Medline Borrower LP 3.88% 01-Apr-2029 | 1.00 |
UPC Holding BV 5.50% 15-Jan-2028 | 0.99 |
Olympus Water US Holding Corp 6.25% 01-Oct-2029 | 0.95 |
NEI Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
Standard Deviation | 8.33% | 8.82% | 7.17% |
---|---|---|---|
Beta | 0.84% | 0.97% | 0.55% |
Alpha | -0.03% | -0.01% | -0.01% |
Rsquared | 0.48% | 0.60% | 0.29% |
Sharpe | -0.31% | 0.04% | 0.15% |
Sortino | -0.41% | -0.09% | -0.08% |
Treynor | -0.03% | 0.00% | 0.02% |
Tax Efficiency | - | - | 6.05% |
Volatility |
|
|
|
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 6.31% | 8.33% | 8.82% | 7.17% |
Beta | 0.66% | 0.84% | 0.97% | 0.55% |
Alpha | -0.01% | -0.03% | -0.01% | -0.01% |
Rsquared | 0.15% | 0.48% | 0.60% | 0.29% |
Sharpe | 0.51% | -0.31% | 0.04% | 0.15% |
Sortino | 1.85% | -0.41% | -0.09% | -0.08% |
Treynor | 0.05% | -0.03% | 0.00% | 0.02% |
Tax Efficiency | 70.20% | - | - | 6.05% |
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) | $350 |
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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