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Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$10.04
Change
-$0.02 (-0.22%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

EHP Strategic Income Alternative Fund Class A

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Fund Returns

Inception Return (June 01, 2021): 2.46%

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 1.06% 0.68% -0.69% 2.17% 5.76% 2.74% - - - - - - - -
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 29 / 120 66 / 120 31 / 119 66 / 120 75 / 116 54 / 102 - - - - - - - -
Quartile Ranking 1 3 2 3 3 3 - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.40% -0.84% 0.58% -0.09% -0.22% -1.14% -0.69% 3.25% 2.29% 0.68% 0.42% 1.06%
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

3.25% (November 2023)

Worst Monthly Return Since Inception

-3.45% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -2.55% 4.96%
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 - - - - - - - - 2 4
Category Rank - - - - - - - - 44/ 98 95/ 116

Best Calendar Return (Last 10 years)

4.96% (2023)

Worst Calendar Return (Last 10 years)

-2.55% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 96.38
Canadian Equity 3.76
Foreign Government Bonds 0.14
Canadian Government Bonds 0.07
International Equity 0.05
Other -0.40

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.60
Financial Services 2.12
Industrial Services 1.64
Technology -0.02
Cash and Cash Equivalent -0.44
Other 0.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.47
Europe 0.05
Other -0.52

Top Holdings

Top Holdings
Name Percent
iShares iBoxx $ High Yield Corp Bond ETF (HYG) -
Corebridge Financial Inc 6.88% 15-Sep-2027 -
Dividend 15 Split Corp - Pfd -
Aimia Inc - Pfd Cl A Sr 3 -
Bellring Brands Inc 7.00% 15-Mar-2030 -
Cogent Communications Grp Inc 7.00% 15-Jun-2027 -
Emera Inc 6.75% 15-Jun-2076 -
Weatherford International Ltd 8.63% 30-Apr-2030 -
Intesa Sanpaolo SpA 8.25% 21-Nov-2032 -
Enstar Finance LLC 5.75% 01-Sep-2025 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date June 01, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $79

Fund Codes

FundServ Code Load Code Sales Status
EHF800A

Investment Objectives

The investment objective of the EHP Strategic Income Alternative Fund (the “Fund”) is to maximize total return to unitholders through income and capital appreciation by investing primarily in global fixed-income securities while mitigating capital loss through shorting and other hedging strategies.

Investment Strategy

To achieve the investment objective, the Fund will seek to invest long and short in an actively managed diversified portfolio composed primarily of North American corporate debt securities of issuers of varying sizes of market capitalization. The Fund may also invest in government bonds, distressed securities, convertible bonds, preferred shares and derivatives.

Portfolio Manager(s)

Name Start Date
EHP Funds Inc. 06-03-2021

Management and Organization

Fund Manager EHP Funds Inc.
Advisor EHP Funds Inc.
Custodian The Bank of Nova Scotia
Registrar SGGG Fund Services Inc.
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 2.44%
Management Fee 1.90%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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