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Phillips, Hager & North High Yield Bond Fund Series F
High Yield 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 (10-27-2026) |
$11.60 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at September 30, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (July 12, 2007): 6.01%
| 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 | -0.27% | -0.09% | 2.01% | 2.44% | 3.57% | 5.54% | 8.27% | 7.22% | 4.54% | 5.21% | 5.09% | 4.93% | 4.79% | 5.12% |
| Benchmark | -0.43% | -1.85% | 2.60% | 3.31% | 2.96% | 7.15% | 10.31% | 10.47% | 5.25% | 5.18% | 5.13% | 5.53% | 5.43% | 5.34% |
| Category Average | -1.92% | -1.80% | 0.35% | -0.19% | 0.49% | 3.07% | 6.17% | 6.04% | 2.05% | 3.07% | 2.94% | 3.06% | 2.88% | 3.10% |
| Category Rank | 27 / 259 | 11 / 257 | 42 / 257 | 41 / 255 | 30 / 254 | 40 / 246 | 44 / 243 | 85 / 239 | 35 / 233 | 46 / 223 | 29 / 218 | 32 / 208 | 31 / 189 | 27 / 174 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.55% | 0.32% | 0.23% | 0.66% | 0.56% | -0.79% | 0.70% | 0.81% | 0.58% | -0.06% | 0.23% | -0.27% |
| Benchmark | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% | -0.14% | -0.43% |
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 | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 1 | 2 | 1 | 4 | 1 | 2 | 1 | 4 | 1 | 2 |
| Category Rank | 14/ 172 | 58/ 180 | 21/ 191 | 199/ 215 | 37/ 221 | 95/ 226 | 18/ 233 | 190/ 239 | 46/ 245 | 71/ 246 |
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 | 84.52 |
| Cash and Equivalents | 10.66 |
| Foreign Corporate Bonds | 3.88 |
| Canadian Equity | 0.93 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 88.40 |
| Cash and Cash Equivalent | 10.66 |
| Other | 0.94 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Telus Corp 6.25% 22-Apr-2030 | 4.76 |
| Bell Canada 5.63% 27-Dec-2029 | 3.89 |
| Brookfield Props Retl Hldg LLC 5.75% 15-May-2026 | 3.86 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 3.83 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 3.41 |
| Telus Corp 6.75% 22-Apr-2035 | 3.38 |
| TransCanada PipeLines Ltd 5.200% Feb 15, 2056 | 3.26 |
| Bell Telephone Co of Canada or Bell Canada 5.875% May 12, 2056 | 3.20 |
| Brookfield Proprty Finance ULC 7.13% 13-Feb-2028 | 3.02 |
| Bell Telephone Co of Canada or Bell Canada 5.375% May 12, 2056 | 2.63 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Phillips, Hager & North High Yield Bond Fund Series F
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 2.41% | 3.23% | 4.00% |
|---|---|---|---|
| Beta | 0.28 | 0.37 | 0.43 |
| Alpha | 0.05 | 0.03 | 0.03 |
| Rsquared | 0.26% | 0.50% | 0.44% |
| Sharpe | 1.95 | 0.45 | 0.78 |
| Sortino | 5.36 | 0.74 | 0.68 |
| Treynor | 0.17 | 0.04 | 0.07 |
| Tax Efficiency | 75.68% | 55.90% | 60.46% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.61% | 2.41% | 3.23% | 4.00% |
| Beta | 0.17 | 0.28 | 0.37 | 0.43 |
| Alpha | 0.03 | 0.05 | 0.03 | 0.03 |
| Rsquared | 0.18% | 0.26% | 0.50% | 0.44% |
| Sharpe | 0.81 | 1.95 | 0.45 | 0.78 |
| Sortino | 0.44 | 5.36 | 0.74 | 0.68 |
| Treynor | 0.07 | 0.17 | 0.04 | 0.07 |
| Tax Efficiency | 46.93% | 75.68% | 55.90% | 60.46% |
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) | $14,943 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PHN5280 | NL | Open |
| RBF5280 | NL | Open |
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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