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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (12-12-2025) |
$12.47 |
|---|---|
| Change |
$0.00
(-0.01%)
|
As at November 30, 2025
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Inception Return (December 29, 2022): 13.51%
| 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 | 0.36% | 1.18% | 4.46% | 6.72% | 7.32% | 12.90% | - | - | - | - | - | - | - | - |
| Benchmark | 0.77% | 1.29% | 1.09% | 7.10% | 3.73% | 4.26% | 3.36% | -1.26% | -1.58% | 0.11% | 1.52% | 0.89% | 1.54% | 1.62% |
| Category Average | 0.28% | 1.45% | 3.76% | 5.27% | 5.49% | 7.68% | 6.84% | 4.16% | 4.06% | 4.45% | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.56% | 0.74% | 0.37% | 0.18% | -0.65% | 1.51% | 0.80% | 1.29% | 1.13% | 0.72% | 0.10% | 0.36% |
| Benchmark | -3.15% | 0.42% | 1.68% | -0.20% | 3.39% | 0.54% | 0.80% | -2.04% | 1.07% | 0.45% | 0.06% | 0.77% |
4.25% (January 2023)
-1.35% (October 2023)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | 15.75% | 17.22% |
| Benchmark | -13.64% | 5.18% | 9.92% | -7.08% | 12.67% | 10.55% | -1.87% | -17.46% | 9.32% | -4.56% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
17.22% (2024)
15.75% (2023)
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.02% | - | - | - |
| Beta | 0.08% | - | - | - |
| Alpha | 0.07% | - | - | - |
| Rsquared | 0.01% | - | - | - |
| Sharpe | 2.17% | - | - | - |
| Sortino | 4.50% | - | - | - |
| Treynor | 0.57% | - | - | - |
| Tax Efficiency | 52.14% | - | - | - |
| Start Date | December 29, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Fee Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | USD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $226 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NEW701U |
The objective of the Fund is to max absolute returns for unitholders over the typical corporate credit cycle by providing a combination of income&capital gains while minimizing the volatility of returns. The Fund will invest primarily in a concentrated but appropriately diversified portfolio of North American corporate bonds issued by non-investment grade publicly traded corporations and may also invest in other types of credit securities
To achieve the Fund’s investment objectives, the Manager will utilize a value-based fundamental credit research process to identify attractive risk adjusted return opportunities in individual investments within a diversified portfolio. The Manager has the belief that a subset of securities within the North American corporate credit universe can from time-to-time be priced inefficiently relatively to their true credit risk.
| Portfolio Manager |
NewGen Asset Management Limited |
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
NewGen Asset Management Limited |
|---|---|
| Custodian |
- |
| Registrar |
- |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 4.48% |
|---|---|
| Management Fee | 1.00% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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