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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (09-09-2024) |
$4.68 |
|---|---|
| Change |
$0.00
(0.05%)
|
As at July 31, 2024
As at July 31, 2024
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Inception Return (February 28, 1994): 4.33%
| 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 | 1.66% | 3.53% | 4.43% | 5.67% | 7.27% | 3.14% | -1.50% | 0.81% | 0.99% | 1.47% | 1.35% | 1.99% | 1.66% | 1.77% |
| Benchmark | 2.95% | 4.79% | 8.23% | 9.73% | 16.53% | 13.03% | 4.11% | 3.77% | 4.22% | 4.71% | 4.90% | 5.14% | 5.18% | 6.21% |
| Category Average | 1.65% | 3.83% | 3.83% | 4.26% | 8.75% | 5.47% | 0.71% | 2.61% | 2.44% | 2.76% | 2.58% | 3.06% | 2.96% | 2.71% |
| Category Rank | 183 / 305 | 168 / 304 | 111 / 303 | 83 / 303 | 265 / 297 | 279 / 297 | 270 / 288 | 246 / 276 | 253 / 271 | 223 / 250 | 211 / 238 | 199 / 223 | 187 / 193 | 178 / 183 |
| Quartile Ranking | 3 | 3 | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.08% | -0.76% | -1.77% | 1.84% | 2.18% | 1.19% | 0.34% | 1.02% | -0.48% | 1.44% | 0.39% | 1.66% |
| Benchmark | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% |
5.92% (May 2020)
-13.37% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.94% | -0.43% | 6.08% | 4.05% | -3.31% | 8.78% | 5.34% | 1.05% | -11.74% | 4.18% |
| 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 | 2 | 2 | 4 | 3 | 3 | 3 | 2 | 4 | 4 | 4 |
| Category Rank | 64/ 173 | 55/ 185 | 188/ 201 | 161/ 229 | 161/ 240 | 176/ 265 | 134/ 275 | 237/ 279 | 246/ 288 | 278/ 297 |
8.78% (2019)
-11.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 44.22 |
| Canadian Corporate Bonds | 31.69 |
| Foreign Government Bonds | 10.93 |
| Cash and Equivalents | 6.92 |
| Canadian Equity | 2.87 |
| Other | 3.37 |
| Name | Percent |
|---|---|
| Fixed Income | 87.44 |
| Cash and Cash Equivalent | 6.92 |
| Utilities | 2.47 |
| Energy | 1.20 |
| Consumer Goods | 0.73 |
| Other | 1.24 |
| Name | Percent |
|---|---|
| North America | 98.34 |
| Latin America | 1.42 |
| Multi-National | 0.23 |
| Europe | 0.01 |
| Name | Percent |
|---|---|
| United States Treasury 5.25% 15-Nov-2028 | 3.18 |
| United States Treasury 3.63% 15-Apr-2028 | 3.11 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 2.62 |
| Bank of America Corp 3.62% 16-Mar-2027 | 2.16 |
| Cash and Cash Equivalents | 2.02 |
| Wells Fargo & Co 4.17% 28-Apr-2025 | 1.96 |
| Capital Power Corp 7.95% 09-Sep-2082 | 1.66 |
| Northland Power Inc 9.25% 30-Jun-2083 | 1.63 |
| United States Treasury 5.25% 15-Feb-2029 | 1.61 |
| TransAlta Corp 7.75% 15-Nov-2029 | 1.59 |
AGF Global Corporate Bond Fund Mutual Fund Series
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.52% | 8.60% | 6.90% |
|---|---|---|---|
| Beta | 0.57% | 0.93% | 0.71% |
| Alpha | -0.04% | -0.03% | -0.02% |
| Rsquared | 0.52% | 0.60% | 0.52% |
| Sharpe | -0.81% | -0.09% | 0.07% |
| Sortino | -0.92% | -0.23% | -0.18% |
| Treynor | -0.08% | -0.01% | 0.01% |
| Tax Efficiency | - | - | 6.25% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.10% | 5.52% | 8.60% | 6.90% |
| Beta | 0.26% | 0.57% | 0.93% | 0.71% |
| Alpha | 0.03% | -0.04% | -0.03% | -0.02% |
| Rsquared | 0.07% | 0.52% | 0.60% | 0.52% |
| Sharpe | 0.56% | -0.81% | -0.09% | 0.07% |
| Sortino | 1.73% | -0.92% | -0.23% | -0.18% |
| Treynor | 0.09% | -0.08% | -0.01% | 0.01% |
| Tax Efficiency | 72.86% | - | - | 6.25% |
| Start Date | February 28, 1994 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $424 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| AGF237 | ||
| AGF419 | ||
| AGF420 |
The Fund's objective is to generate a high level of income and maximize return by investing primarily in fixed income securities issued or guaranteed by corporations around the world and rated BB+ equivalent or lower.
The portfolio manager seeks to maximize the total return of the portfolio through a bottom-up approach to corporate fixed-income security selection and a top-down approach to category allocation and duration management. This Fund may also invest in floating rate loans. The portfolio manager aims to select fixed-income securities that provide an attractive return relative to the risk of each credit.
| Name | Start Date |
|---|---|
| Andy Kochar | 08-07-2018 |
| AGF Investments LLC | 04-26-2023 |
| Fund Manager | AGF Investments Inc. |
|---|---|
| Advisor | AGF Investments Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | AGF CustomerFirst Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 50 |
| SWP Min Withdrawal | 50 |
| MER | 1.85% |
|---|---|
| Management Fee | 1.50% |
| Load | Choice of Front or No Load |
| FE Max | 6.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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