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High Yield Fixed Income
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NAVPS (06-14-2024) |
$5.59 |
---|---|
Change |
-$0.01
(-0.22%)
|
As at May 31, 2024
As at April 30, 2024
Inception Return (June 22, 2005): 3.55%
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 | 0.82% | 1.04% | 4.57% | 1.03% | 8.53% | 3.56% | 0.29% | 3.05% | 2.24% | 2.21% | 1.80% | 3.04% | 2.41% | 2.31% |
Benchmark | 0.00% | 1.38% | 5.64% | 4.71% | 11.59% | 9.36% | 3.70% | 3.44% | 3.27% | 4.18% | 3.35% | 4.92% | 4.94% | 5.70% |
Category Average | 1.17% | 4.82% | 4.82% | 1.87% | 8.15% | 3.69% | 0.34% | 3.15% | 2.38% | 2.48% | 2.28% | 3.12% | 2.55% | 2.48% |
Category Rank | 241 / 295 | 230 / 295 | 208 / 295 | 247 / 295 | 158 / 289 | 197 / 286 | 194 / 277 | 173 / 270 | 182 / 263 | 173 / 244 | 179 / 234 | 151 / 217 | 141 / 188 | 133 / 176 |
Quartile Ranking | 4 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 |
Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 1.05% | 0.92% | 0.31% | -1.58% | -1.45% | 4.58% | 3.51% | 0.23% | -0.24% | 1.04% | -0.80% | 0.82% |
Benchmark | -0.73% | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% |
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 | 3 | 3 | 2 | 2 | 4 | 2 | 3 | 3 | 4 | 2 |
Category Rank | 126/ 169 | 130/ 181 | 76/ 197 | 76/ 225 | 236/ 236 | 84/ 261 | 167/ 269 | 149/ 271 | 220/ 280 | 89/ 289 |
13.57% (2016)
-11.12% (2022)
Name | Percent |
---|---|
Foreign Corporate Bonds | 91.89 |
Cash and Equivalents | 7.00 |
Canadian Corporate Bonds | 0.88 |
Canadian Government Bonds | 0.23 |
Name | Percent |
---|---|
Fixed Income | 93.00 |
Cash and Cash Equivalent | 7.00 |
Name | Percent |
---|---|
North America | 98.64 |
Latin America | 0.76 |
Europe | 0.60 |
Name | Percent |
---|---|
CAD/USD FWD 20240506 | 97.82 |
US Dollar | 4.53 |
Tenet Healthcare Corp 6.13% 15-Jun-2030 | 1.07 |
Jazz Securities DAC 4.38% 15-Jan-2029 | 1.03 |
Barclays PLC 8.00% PERP | 1.02 |
Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 | 1.01 |
Medline Borrower LP 3.88% 01-Apr-2029 | 1.00 |
Cash and Cash Equivalents | 0.99 |
UPC Holding BV 5.50% 15-Jan-2028 | 0.99 |
Smyrna Ready MIX Concrete LLC 6.00% 01-Nov-2028 | 0.93 |
NEI Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
Standard Deviation | 8.35% | 8.84% | 7.17% |
---|---|---|---|
Beta | 0.83% | 0.96% | 0.55% |
Alpha | -0.03% | -0.01% | -0.01% |
Rsquared | 0.48% | 0.59% | 0.28% |
Sharpe | -0.27% | 0.06% | 0.15% |
Sortino | -0.38% | -0.06% | -0.08% |
Treynor | -0.03% | 0.01% | 0.02% |
Tax Efficiency | - | - | 7.25% |
Volatility |
|
|
|
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 6.32% | 8.35% | 8.84% | 7.17% |
Beta | 0.50% | 0.83% | 0.96% | 0.55% |
Alpha | 0.03% | -0.03% | -0.01% | -0.01% |
Rsquared | 0.10% | 0.48% | 0.59% | 0.28% |
Sharpe | 0.56% | -0.27% | 0.06% | 0.15% |
Sortino | 1.96% | -0.38% | -0.06% | -0.08% |
Treynor | 0.07% | -0.03% | 0.01% | 0.02% |
Tax Efficiency | 71.26% | - | - | 7.25% |
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) | $347 |
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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