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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 (02-24-2025) |
$5.59 |
|---|---|
| Change |
$0.00
(-0.05%)
|
As at January 31, 2025
As at December 31, 2024
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Inception Return (June 22, 2005): 3.69%
| 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 | 1.32% | 1.18% | 2.93% | 1.32% | 5.98% | 6.46% | 2.16% | 1.91% | 2.37% | 3.20% | 2.34% | 2.61% | 4.14% | 2.95% |
| Benchmark | 1.94% | 4.92% | 8.91% | 1.94% | 17.87% | 13.35% | 7.82% | 5.31% | 5.10% | 5.92% | 5.97% | 5.62% | 6.11% | 6.06% |
| Category Average | 1.01% | 1.79% | 3.79% | 1.01% | 7.77% | 6.65% | 2.51% | 2.10% | 2.69% | 3.39% | 2.90% | 3.13% | 4.14% | 3.18% |
| Category Rank | 58 / 282 | 268 / 282 | 257 / 281 | 58 / 282 | 268 / 280 | 214 / 274 | 228 / 268 | 206 / 260 | 203 / 251 | 194 / 243 | 194 / 220 | 175 / 208 | 153 / 198 | 149 / 187 |
| Quartile Ranking | 1 | 4 | 4 | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.24% | 1.04% | -0.80% | 0.82% | 0.76% | 1.39% | 1.18% | 1.03% | -0.48% | 0.79% | -0.92% | 1.32% |
| Benchmark | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% |
8.24% (April 2009)
-18.77% (October 2008)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -4.62% | 13.57% | 5.62% | -6.07% | 11.75% | 4.03% | 3.58% | -11.12% | 10.27% | 4.85% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 3 | 2 | 2 | 4 | 2 | 3 | 3 | 4 | 2 | 4 |
| Category Rank | 134/ 182 | 77/ 198 | 78/ 207 | 218/ 218 | 86/ 243 | 166/ 251 | 154/ 256 | 212/ 265 | 96/ 274 | 267/ 280 |
13.57% (2016)
-11.12% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 95.31 |
| Cash and Equivalents | 4.47 |
| Canadian Corporate Bonds | 0.22 |
| Name | Percent |
|---|---|
| Fixed Income | 95.54 |
| Cash and Cash Equivalent | 4.46 |
| Name | Percent |
|---|---|
| North America | 99.26 |
| Europe | 0.61 |
| Latin America | 0.12 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 1.69 |
| Barclays PLC 8.00% PERP | 1.08 |
| Ladder Capital Fnce Hldgs LLLP 4.75% 15-Jun-2029 | 1.08 |
| Jazz Securities DAC 4.38% 17-Dec-2024 | 1.06 |
| Medline Borrower LP 3.88% 01-Apr-2029 | 1.04 |
| Sunrise HoldCo IV BV 5.50% 15-Jan-2028 | 1.03 |
| Tenet Healthcare Corp 6.13% 15-Jun-2030 | 1.02 |
| Olympus Water US Holding Corp 6.25% 01-Oct-2029 | 0.99 |
| Smyrna Ready MIX Concrete LLC 6.00% 01-Nov-2028 | 0.94 |
| Dish Network Corp 11.75% 15-Nov-2027 | 0.85 |
NEI Global High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 8.27% | 8.86% | 7.13% |
|---|---|---|---|
| Beta | 0.87% | 0.92% | 0.60% |
| Alpha | -0.04% | -0.02% | -0.01% |
| Rsquared | 0.48% | 0.57% | 0.31% |
| Sharpe | -0.15% | 0.05% | 0.21% |
| Sortino | -0.09% | -0.04% | 0.03% |
| Treynor | -0.01% | 0.00% | 0.03% |
| Tax Efficiency | - | - | 26.04% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.95% | 8.27% | 8.86% | 7.13% |
| Beta | -0.09% | 0.87% | 0.92% | 0.60% |
| Alpha | 0.07% | -0.04% | -0.02% | -0.01% |
| Rsquared | 0.01% | 0.48% | 0.57% | 0.31% |
| Sharpe | 0.55% | -0.15% | 0.05% | 0.21% |
| Sortino | 1.59% | -0.09% | -0.04% | 0.03% |
| Treynor | -0.19% | -0.01% | 0.00% | 0.03% |
| Tax Efficiency | 59.54% | - | - | 26.04% |
| Start Date | June 22, 2005 |
|---|---|
| Instrument Type | Mutual Fund (Wrap Program, Responsible Investment) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $361 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NWT10142 | ||
| NWT10243 | ||
| NWT10343 | ||
| NWT10642 | ||
| NWT842 |
The investment objective of this Fund is to provide a high level of current income while maintaining security of capital. The Fund invests primarily in a diversified portfolio of high-yield, higher risk, global corporate bonds and notes and may also invest in other fixed income investments with similar characteristics.
The Portfolio Sub-Advisor uses an investment strategy that focuses on providing added value through rigorous fundamental research, a global perspective, and dynamic risk management. The Portfolio Sub-Advisor focuses on fundamental credit research and uses a factor/variable framework to determine buy candidates and sector weighting.
| Portfolio Manager |
Northwest & Ethical Investments L.P. |
|---|---|
| Sub-Advisor |
Principal Global Investors, LLC
|
| Fund Manager |
Northwest & Ethical Investments L.P. |
|---|---|
| Custodian |
Desjardins Trust Inc. |
| Registrar |
Northwest & Ethical Investments L.P. |
| Distributor |
Aviso Financial Inc. |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
| MER | 2.00% |
|---|---|
| Management Fee | 1.50% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 6.00% |
| Trailer Fee Max (FE) | 0.75% |
| Trailer Fee Max (DSC) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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