Skip navigation

GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $10.45 (as at April 17, 2014)  1-day chg: $-.0103 -0.10%  YTD: 1.25%

Returns as at March 31, 2014

  Fund Group Avg Index*
1 Month 0.03% -0.03% -0.03%
3 Months 1.17% 0.76% 0.73%
6 Months 1.86% 1.20% 1.13%
1 Year 1.92% 0.67% 0.68%
2 Year Avg 2.25% 1.36% 1.26%
3 Year Avg 2.73% 1.83% 1.83%
4 Year Avg 2.81% 1.87% 1.88%
5 Year Avg 3.42% 2.02% 1.94%
10 Year Avg 3.53% 2.35% 2.34%
15 Year Avg 4.40% 3.16% 2.92%
20 Year Avg 5.27% 4.04% 3.72%
Since Inception - - -
 
2013 1.53% 0.43% 0.48%
2012 2.13% 1.40% 1.39%
2011 3.61% 3.05% 2.96%
 
3 year risk 1.03 1.27 1.00
3 year beta 1.01 1.03 1.00

*Globe Cdn Short Tm Fixed Inc Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Short Tm Fixed Inc Peer Index.

Risk Measures as at March 31, 2014

Best/Worst 12 months (since inception)
Best (ending Jan 96): 16.32 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Jan 95): -2.02 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 1 High

Fund Objectives

The fundamental investment objectives of the fund are to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of short-term fixed income securities issued by Canadian governments and corporations, and first mortgages on property located in Canada in accordance with National Policy Statement No. 29 of the Canadian Securities Administrators.

Fund Facts

Fund Sponsor: Phillips, Hager & North Inv Mgmt
Managed by: Phillips, Hager & North Inv Mgmt
Fund Type: MF Trust
Inception Date: December 1993
Asset Class: Canadian Short Term Fixed Income
Quartile Rank: 1 (3YR ending March 31, 2014)
Total Assets: $226.7 million
Mgmt Exp. Ratio (MER): 0.60%
Management Fee: 0.50%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$25,000
Subsequent:
$1,000
Min. Invest (initial RRSP):
$25,000
Subsequent RRSP:
$1,000
Closed:
No
Restricted:
Yes
Restriction:
(Min Initial Investment $25,000)
 
 

Asset Allocation December 31, 2013

Bond Type December 31, 2013

Bond Term December 31, 2013

Top Holdings as at December 31, 2013

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at April 17, 2014
1 Year Performance (%)
  Gov't of Canada, 1.25%, FEB/01/16 Bond 5.37   -0.33 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 2.45%, DEC/15/15 Bond 3.52   -1.18 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 2.10%, SEP/08/18 Bond 2.87   -0.87 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Cards Trust Series 1998, 1.98%, JAN/15/16 Bond 2.01   -0.49 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Royal Bank of Canada, 2.26%, MAR/12/18 Bond 1.51   -0.46 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  CIBC, 4.11%, APR/30/15 Bond 1.34   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Bank of Montreal, 2.96%, AUG/02/16 Bond 1.3   -0.93 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Anheuser-Busch InBev NV, 3.65%, JAN/15/16 Bond 1.23   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  CIBC, 2.65%, NOV/08/16 Bond 1.2   -0.52 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  CIBC, 2.22%, MAR/07/18 Bond 1.14   -0.29 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to April 17, 2014)

Frequency of Income Distributions: Quarterly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Mar 28, 2014 0.0600 0.0600 0.2548 10.436
Dec 20, 2013 0.0748 0.0748 0.2548 10.390
Sep 27, 2013 0.0600 0.0600 0.2220 10.376
Jun 27, 2013 0.0600 0.0600 0.2320 10.382
Mar 27, 2013 0.0600 0.0600 0.2420 10.495
Dec 21, 2012 0.0420 0.0420 0.2520 10.473

Portfolio Manager(s)

Phillips, Hager & North - Mgmt. Team

Phillips, Hager & North Inv Mgmt

Start Date: January, 1994

Fund Return: 4.95%

The Manager is responsible for the overall management of the Fund including management of the investment portfolio, providing investment research, making investment decisions relating to the purchase and sale of securities and making brokerage arrangements for the execution of such transactions.

Also manages:BonaVista Global Balanced-D, IA Ecflx Monthly Income (PH&N), IA SRP Monthly Income (PH&N), PH&N $US Money Market-D (US$), PH&N Balanced Pension Trust-D, PH&N Balanced Pension Trust-O, PH&N Balanced-D, PH&N Bond-D, PH&N Bond-O, PH&N Canadian Equity-D, PH&N Canadian Growth-D, PH&N Canadian Money Market-D, PH&N Cdn Equ Plus Pension Trust-D, PH&N Cdn Equ Plus Pension Trust-O, PH&N Community Values Balanced-D, PH&N Community Values Bond-D, PH&N Community Values Bond-O, PH&N Community Values Cdn Equ-D, PH&N Community Values Glb Equ.-D, PH&N Currency-Hedged U.S. Equity-D, PH&N Dividend Income-D, PH&N Global Equity-D, PH&N High Yield Bond-D, PH&N Small Float, PH&N Total Return Bond-D, PH&N U.S. Dividend Income-D, PH&N U.S. Equity-D, PH&N U.S. Equity-O, PH&N U.S. Growth-D, PH&N Vintage Series D, Teachers' RSP-Equity Section, Tradex Equity Fund Limited

View fund manager performance report