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Phillips, Hager & North High Yield Bond Fund Series F
Multi-Sector Fixed Income
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024, 2022, 2021, 2019
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|
NAVPS (07-28-2026) |
$11.78 |
|---|---|
| Change |
$0.00
(0.03%)
|
As at June 30, 2026
As at February 28, 2026
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Legend
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Fund Returns
Inception Return (July 12, 2007): 6.10%
| 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 | 0.58% | 2.09% | 2.53% | 2.53% | 6.15% | 7.35% | 8.72% | 7.32% | 4.65% | 5.77% | 5.23% | 5.06% | 5.00% | 5.63% |
| Benchmark | 2.52% | 3.06% | 3.70% | 3.70% | 6.25% | 7.75% | 7.57% | 6.70% | 2.41% | 1.24% | 2.24% | 2.74% | 2.70% | 2.60% |
| Category Average | 0.22% | 1.64% | 0.96% | 0.96% | 3.79% | 4.89% | 4.93% | - | - | - | - | - | - | - |
| Category Rank | 73 / 320 | 135 / 320 | 49 / 315 | 49 / 315 | 53 / 308 | 32 / 283 | 22 / 273 | 38 / 272 | 27 / 254 | 22 / 235 | 18 / 220 | 18 / 204 | 17 / 179 | 11 / 154 |
| Quartile Ranking | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.59% | 0.81% | 0.98% | 0.55% | 0.32% | 0.23% | 0.66% | 0.56% | -0.79% | 0.70% | 0.81% | 0.58% |
| Benchmark | 0.41% | 0.79% | 2.27% | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% | 1.62% | 2.52% |
Best Monthly Return Since Inception
5.33% (March 2016)
Worst Monthly Return Since Inception
-8.05% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 17.51% | 5.97% | 0.73% | 6.29% | 7.49% | 4.68% | -4.76% | 8.08% | 10.99% | 6.41% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 2 | 1 | 1 |
| Category Rank | 6/ 119 | 26/ 166 | 41/ 192 | 149/ 213 | 22/ 234 | 34/ 247 | 27/ 255 | 75/ 273 | 23/ 282 | 65/ 299 |
Best Calendar Return (Last 10 years)
17.51% (2016)
Worst Calendar Return (Last 10 years)
-4.76% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 80.25 |
| Cash and Equivalents | 14.36 |
| Foreign Corporate Bonds | 3.92 |
| Canadian Bonds - Other | 0.99 |
| Canadian Equity | 0.49 |
| Other | -0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 85.15 |
| Cash and Cash Equivalent | 14.36 |
| Other | 0.49 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Telus Corp 6.25% 22-Apr-2030 | 4.98 |
| Bell Canada 5.63% 27-Dec-2029 | 4.07 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 3.94 |
| Brookfield Props Retl Hldg LLC 5.75% 15-May-2026 | 3.89 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 3.51 |
| Telus Corp 6.75% 22-Apr-2035 | 3.51 |
| TransCanada PipeLines Ltd 5.200% Feb 15, 2056 | 3.39 |
| Brookfield Proprty Finance ULC 7.13% 13-Feb-2028 | 3.12 |
| Inter Pipeline Ltd 6.63% 19-Nov-2079 | 2.61 |
| Fortis Inc/Canada 5.100% Dec 04, 2055 | 2.38 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Phillips, Hager & North High Yield Bond Fund Series F
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 2.40% | 3.22% | 4.06% |
|---|---|---|---|
| Beta | 0.27 | 0.34 | 0.18 |
| Alpha | 0.06 | 0.04 | 0.05 |
| Rsquared | 0.27% | 0.40% | 0.07% |
| Sharpe | 2.04 | 0.52 | 0.90 |
| Sortino | 5.98 | 0.80 | 0.84 |
| Treynor | 0.18 | 0.05 | 0.20 |
| Tax Efficiency | 76.82% | 57.25% | 63.94% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.57% | 2.40% | 3.22% | 4.06% |
| Beta | 0.17 | 0.27 | 0.34 | 0.18 |
| Alpha | 0.05 | 0.06 | 0.04 | 0.05 |
| Rsquared | 0.25% | 0.27% | 0.40% | 0.07% |
| Sharpe | 2.34 | 2.04 | 0.52 | 0.90 |
| Sortino | 2.89 | 5.98 | 0.80 | 0.84 |
| Treynor | 0.21 | 0.18 | 0.05 | 0.20 |
| Tax Efficiency | 68.17% | 76.82% | 57.25% | 63.94% |
Fund Details
| Start Date | July 12, 2007 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Fee Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $13,692 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PHN5280 | ||
| RBF5280 |
Investment Objectives
The fundamental investment objectives of the Fund are to provide a high level of income and the opportunity for capital appreciation by investing primarily in a well-diversified portfolio of fixed-income securities issued by Canadian and/or foreign corporations and governments.
Investment Strategy
To achieve the Fund’s investment objectives, we invest primarily in medium quality Canadian and/or foreign corporate bonds, convertible bonds, preferred shares and government bonds issued or traded in Canadian and U.S. dollars. In addition, we may also invest in asset-backed commercial paper. The average term to maturity of the portfolio is managed within strict guidelines, typically between three and 13 years.
Portfolio Management
| Portfolio Manager |
RBC Global Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
RBC Global Asset Management Inc. |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Global Asset Management Inc. RBC Investor Services Trust (Canada) Royal Bank of Canada |
| Distributor |
Phillips, Hager & North Investment Funds Ltd. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 0.88% |
|---|---|
| Management Fee | 0.75% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.00% |
| Trailer Fee Max (LL) | - |
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