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Alternative Credit Focus
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|
NAVPS (07-25-2024) |
$10.28 |
|---|---|
| Change |
$0.00
(-0.01%)
|
As at June 30, 2024
As at May 31, 2024
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Inception Return (June 01, 2021): 2.30%
| 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 | 0.46% | 0.12% | 2.29% | 2.29% | 5.75% | 4.75% | 2.12% | - | - | - | - | - | - | - |
| Benchmark | 2.98% | 0.97% | -0.32% | -0.32% | 3.73% | 3.25% | -1.77% | -1.98% | -0.10% | 1.11% | 1.07% | 0.93% | 1.40% | 1.89% |
| Category Average | 0.65% | 3.28% | 3.28% | 3.28% | 7.68% | 6.09% | 1.96% | 3.95% | 3.59% | - | - | - | - | - |
| Category Rank | 81 / 127 | 111 / 118 | 90 / 118 | 90 / 118 | 83 / 115 | 66 / 99 | 39 / 80 | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 4 | 4 | 4 | 3 | 3 | 2 | - | - | - | - | - | - | - |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.09% | -0.22% | -1.14% | -0.69% | 3.25% | 2.29% | 0.68% | 0.42% | 1.06% | -1.34% | 1.01% | 0.46% |
| Benchmark | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% |
3.25% (November 2023)
-3.45% (June 2022)
| 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 | - | - | - | - | - | - | - | - | 43/ 95 | 93/ 113 |
4.96% (2023)
-2.55% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 94.52 |
| Canadian Equity | 5.25 |
| Foreign Government Bonds | 0.17 |
| Canadian Government Bonds | 0.08 |
| International Equity | 0.05 |
| Other | -0.07 |
| Name | Percent |
|---|---|
| Fixed Income | 94.77 |
| Financial Services | 3.52 |
| Industrial Services | 1.73 |
| Cash and Cash Equivalent | -0.02 |
| Technology | -0.02 |
| Other | 0.02 |
| Name | Percent |
|---|---|
| North America | 99.94 |
| Europe | 0.04 |
| Other | 0.02 |
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | - |
| Dividend 15 Split Corp - Pfd | - |
| Corebridge Financial Inc 6.88% 15-Sep-2027 | - |
| Aimia Inc - Pfd Cl A Sr 3 | - |
| Bellring Brands Inc 7.00% 15-Mar-2030 | - |
| Emera Inc 6.75% 15-Jun-2076 | - |
| Enstar Finance LLC 5.75% 01-Sep-2025 | - |
| Intesa Sanpaolo SpA 8.25% 21-Nov-2032 | - |
| Weatherford International Ltd 8.63% 30-Apr-2030 | - |
| Fortress Tran & Infr Invst LLC 5.50% 01-May-2028 | - |
EHP Strategic Income Alternative Fund Class A
Median
Other - Alternative Credit Focus
| Standard Deviation | 4.41% | - | - |
|---|---|---|---|
| Beta | 0.46% | - | - |
| Alpha | 0.03% | - | - |
| Rsquared | 0.52% | - | - |
| Sharpe | -0.18% | - | - |
| Sortino | -0.25% | - | - |
| Treynor | -0.02% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.64% | 4.41% | - | - |
| Beta | 0.50% | 0.46% | - | - |
| Alpha | 0.04% | 0.03% | - | - |
| Rsquared | 0.66% | 0.52% | - | - |
| Sharpe | 0.18% | -0.18% | - | - |
| Sortino | 1.13% | -0.25% | - | - |
| Treynor | 0.02% | -0.02% | - | - |
| Tax Efficiency | 74.81% | - | - | - |
| 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) | $81 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| EHF800A |
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.
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.
| Name | Start Date |
|---|---|
| EHP Funds Inc. | 06-03-2021 |
| Fund Manager | EHP Funds Inc. |
|---|---|
| Advisor | EHP Funds Inc. |
| Custodian | The Bank of Nova Scotia |
| Registrar | SGGG Fund Services Inc. |
| Distributor | - |
| Auditor | KPMG LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.44% |
|---|---|
| Management Fee | 1.90% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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