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Alternative Credit Focus
|
NAVPS (12-04-2025) |
$10.40 |
|---|---|
| Change |
-$0.01
(-0.07%)
|
As at October 31, 2025
As at September 30, 2025
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Inception Return (May 10, 2024): 6.78%
| 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 | 0.31% | 1.91% | 3.23% | 3.94% | 4.92% | - | - | - | - | - | - | - | - | - |
| Benchmark | 0.76% | 2.95% | 2.31% | 3.54% | 4.56% | 7.78% | 5.04% | 0.95% | 0.00% | 1.05% | 2.33% | 1.97% | 1.68% | 2.08% |
| Category Average | 0.32% | 1.95% | 4.48% | 4.97% | 6.24% | 8.87% | 7.34% | 4.00% | 4.52% | 4.45% | - | - | - | - |
| Category Rank | 79 / 146 | 62 / 140 | 106 / 135 | 92 / 132 | 94 / 126 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 2 | 4 | 3 | 3 | - | - | - | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.71% | 0.24% | 0.75% | 0.62% | -0.05% | -0.63% | 0.41% | 0.76% | 0.12% | 0.89% | 0.70% | 0.31% |
| Benchmark | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% |
1.55% (July 2024)
-0.63% (April 2025)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
-
-
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 54.52 |
| Foreign Corporate Bonds | 39.34 |
| Cash and Equivalents | 2.84 |
| Foreign Government Bonds | 2.69 |
| Canadian Bonds - Other | 0.54 |
| Other | 0.07 |
| Name | Percent |
|---|---|
| Fixed Income | 97.15 |
| Cash and Cash Equivalent | 2.85 |
| Name | Percent |
|---|---|
| North America | 94.93 |
| Asia | 2.41 |
| Europe | 1.84 |
| Latin America | 0.82 |
| Name | Percent |
|---|---|
| Parkland Corp 4.38% 26-Mar-2029 | 2.50 |
| Superior Plus LP 4.25% 18-May-2028 | 2.18 |
| US Dollar | 1.96 |
| MORGUARD CORP 9.50% 26-Sep-2026 | 1.90 |
| ATS Corp 6.50% 21-Aug-2032 | 1.85 |
| United Arlns 2016-2 P/T Trusts 3.10% 07-Apr-2030 | 1.79 |
| Federation Csses Desjardins Qc 4.26% 24-Jan-2030 | 1.68 |
| goeasy Ltd 4.38% 01-May-2026 | 1.62 |
| TAMARACK VALLEY ENERGY L 6.88% 25-Jul-2030 | 1.49 |
| CANVAS CARDS TRUST 4.32% 15-Jun-2028 | 1.40 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.51% | - | - | - |
| Beta | 0.35% | - | - | - |
| Alpha | 0.03% | - | - | - |
| Rsquared | 0.49% | - | - | - |
| Sharpe | 1.33% | - | - | - |
| Sortino | 1.94% | - | - | - |
| Treynor | 0.06% | - | - | - |
| Tax Efficiency | - | - | - | - |
| Start Date | May 10, 2024 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MMF2000 | ||
| MMF2100 | ||
| MMF2200 | ||
| MMF2300 |
The investment objective of the Fund is to generate attractive long-term total returns through income and capital appreciation while mitigating volatility through hedging strategies. The Fund invests primarily in a diversified portfolio of Canadian and U.S. investment grade corporate and high yield fixed income securities. The Fund will use derivatives from time to time to hedge its exposure to foreign currencies, interest rates, and/or credit markets.
The investment grade corporate bond component of the Fund will be managed based on a combination of top-down macroeconomic research and bottom-up fundamental credit analysis. This approach has a greater emphasis on sector, credit quality and security selection. In-depth credit analysis is complemented with the extensive use of external management interviews in the selection of holdings in the portfolio.
| Portfolio Manager |
Manulife Investment Management Limited
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Manulife Investment Management Limited |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
Manulife Investment Management Limited |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.58% |
|---|---|
| Management Fee | 1.23% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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