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Desjardins Short-Term Income Fund A Class

Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(10-03-2024)
$4.10
Change
-$0.01 (-0.17%)

As at August 31, 2024

As at August 31, 2024

Period
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Legend

Desjardins Short-Term Income Fund A Class

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Fund Returns

Inception Return (June 30, 1965): 5.76%

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 0.39% 2.64% 3.55% 3.54% 7.40% 4.40% 0.81% 0.57% 1.15% 1.48% 1.21% 1.02% 0.93% 0.91%
Benchmark 0.63% 2.80% 3.83% 3.74% 7.52% 4.57% 1.20% 1.04% 1.67% 2.13% 1.91% 1.68% 1.65% 1.80%
Category Average 0.49% 3.38% 3.38% 3.45% 6.96% 4.27% 0.98% 0.93% 1.39% 1.71% 1.49% 1.32% 1.28% 1.25%
Category Rank 252 / 323 148 / 315 164 / 311 175 / 282 135 / 280 165 / 262 174 / 247 182 / 234 174 / 224 167 / 213 167 / 200 152 / 184 149 / 174 140 / 162
Quartile Ranking 4 2 3 3 2 3 3 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund -0.41% 0.65% 1.81% 1.66% -0.11% 0.10% 0.50% -0.45% 0.83% 0.70% 1.52% 0.39%
Benchmark -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63%

Best Monthly Return Since Inception

63.30% (April 1967)

Worst Monthly Return Since Inception

-39.11% (May 1967)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.45% 0.19% 0.38% -0.42% 0.52% 2.26% 4.47% -1.77% -4.54% 4.72%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 4 4 4 4 4 3 4 3 3
Category Rank 121/ 145 149/ 166 144/ 179 151/ 184 161/ 204 179/ 219 139/ 229 211/ 235 149/ 249 171/ 263

Best Calendar Return (Last 10 years)

4.72% (2023)

Worst Calendar Return (Last 10 years)

-4.54% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 57.60
Canadian Government Bonds 28.39
Canadian Bonds - Other 8.49
Cash and Equivalents 5.35
Mortgages 0.27
Other -0.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.76
Cash and Cash Equivalent 5.35
Other -0.11

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 4.00% 01-May-2026 11.70
PSP Capital Inc 3.00% 05-Nov-2025 6.23
National Bank of Canada 5.22% 14-Jun-2028 3.78
Canada Government 3.00% 01-Jun-2034 3.63
Scotia Capital NHA 4.10% 01-Jun-2029 3.56
Canadian Imperial Bank Commrce 4.90% 02-Apr-2027 3.45
Bank of Montreal 5.04% 29-Apr-2028 3.04
Cash and Cash Equivalents 2.91
Bank of Nova Scotia 5.50% 08-May-2026 2.16
Scotia Capital NHA 4.04% 15-Sep-2028 1.99

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Desjardins Short-Term Income Fund A Class

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.10% 2.64% 2.05%
Beta 1.07% 1.08% 1.01%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.98% 0.96% 0.94%
Sharpe -0.77% -0.38% -0.29%
Sortino -0.86% -0.85% -1.18%
Treynor -0.02% -0.01% -0.01%
Tax Efficiency - 33.15% 24.50%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 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 2.65% 3.10% 2.64% 2.05%
Beta 1.09% 1.07% 1.08% 1.01%
Alpha -0.01% 0.00% -0.01% -0.01%
Rsquared 0.98% 0.98% 0.96% 0.94%
Sharpe 0.91% -0.77% -0.38% -0.29%
Sortino 4.03% -0.86% -0.85% -1.18%
Treynor 0.02% -0.02% -0.01% -0.01%
Tax Efficiency 81.76% - 33.15% 24.50%

Fund Details

Start Date June 30, 1965
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $272

Fund Codes

FundServ Code Load Code Sales Status
DJT00001

Investment Objectives

The objective of this Fund is to provide unitholders with a high income return. The assets of this Fund consist primarily of corporate and government bonds. The Fund also invests in high-quality money market instruments and first mortgage loans. Any modification of the fundamental investment objective must be approved by the unitholders by a majority vote at a meeting called for this purpose.

Investment Strategy

The portfolio manager selects the fixed-income securities of governmental and corporate issuers that for the most part have a maturity of one to five years. The portfolio manager primarily selects securities with a DBRS credit rating of BBB or better, or any equivalent credit rating set by another designated rating organization.

Portfolio Manager(s)

Name Start Date
Desjardins Global Asset Management Inc. 03-24-2011

Management and Organization

Fund Manager Desjardins Investments Inc.
Advisor Desjardins Global Asset Management Inc.
Custodian Desjardins Trust Inc.
Registrar Desjardins Investments Inc.
Distributor Desjardins Investments Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.17%
Management Fee 0.76%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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