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GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $11.70 (as at July 27, 2016)  1-day chg: $-.0046 -0.04%  YTD: 10.97%

Returns as at June 30, 2016

  Fund Group Avg Index*
1 Month 2.06% 0.81% 0.81%
3 Months 6.77% 3.66% 3.64%
6 Months 8.12% 5.32% 5.00%
1 Year 0.34% -0.11% -0.32%
2 Year Avg 2.28% 0.27% 0.14%
3 Year Avg 4.29% 3.12% 2.76%
4 Year Avg 4.78% 3.79% 3.49%
5 Year Avg 5.22% 4.15% 3.58%
10 Year Avg 6.72% 4.71% 4.29%
15 Year Avg 7.46% 4.71% 4.69%
20 Year Avg - 4.29% 4.59%
Since Inception 7.53% - -
 
2015 -2.97% -2.77% -2.75%
2014 3.98% 3.09% 2.59%
2013 5.06% 3.66% 3.45%
 
3 year risk 5.39 5.62 4.18
3 year beta 1.16 0.98 1.00

*Globe High Yield Fixed Income 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 High Yield Fixed Income Peer Index.

Risk Measures as at June 30, 2016

Best/Worst 12 months (since inception)
Best (ending Sep 03): 24.96 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 16): -8.73 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: 5 High

Fund 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 fixedincome securities issued by Canadian and/or foreign corporations and governments.

Fund Facts

Fund Sponsor: Phillips, Hager & North Inv Mgmt
Managed by: Phillips, Hager & North Inv Mgmt
Fund Type: MF Trust
Inception Date: July 2000
Asset Class: High Yield Fixed Income
Quartile Rank: 2 (3YR ending June 30, 2016)
Total Assets: $627.6 million
Mgmt Exp. Ratio (MER): 0.87%
Management Fee: 0.75%
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); Not available for purchases by new investors
 
 

Asset Allocation August 31, 2015

Bond Type August 31, 2015

Bond Term August 31, 2015

Top Holdings as at August 31, 2015

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at July 27, 2016
1 Year Performance (%)
  Chrysler Group, 8.25%, JUN/15/21 Bond 7.18   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Quebecor Media Inc 6.625% 15-Jan-2023 Bond 5.92   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  CCO Holdings LLC / CCO Holding, 7.38%, JUN/01/20 Bond 4.5   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Reynolds Issuer 7.125% 15-Apr-2019 Bond 4.06   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Baytex Energy Corp., 6.63%, JUL/19/22 Bond 3.65   -18.05 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Trilogy Energy Corp 7.250% 13-Dec-2019 Bond 3.53   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Paramount Resources Ltd 6.875% 30-Jun-20 Bond 3.18   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Quebecor Media Inc 7.375% 15-Jan-2021 Bond 2.85   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Western Energy Services Corp 7.875% 30-J Bond 2.78   - 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 July 27, 2016)

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
Jun 29, 2016 0.1476 0.1476 0.6467 11.382
Mar 30, 2016 0.1677 0.1677 0.6530 10.808
Dec 18, 2015 0.1400 0.1400 0.6713 10.922
Sep 29, 2015 0.1914 0.1914 0.7323 11.308
Jun 29, 2015 0.1539 0.1539 0.7309 12.032
Mar 30, 2015 0.1860 0.1860 0.7270 11.959

Portfolio Manager(s)

Hanif Mamdani

Phillips, Hager & North Inv Mgmt

Start Date: July, 2000

Fund Return: 7.50%

MS (1988), Harvard University; BS (1987), California Institute of Technology. Hanif is Head of Alternative Investments and a member of the Asset Mix Committee at RBC Global Assets Management Inc. Hanif has expertise in corporate finance, options valuation, credit analysis and risk management. He is accountable for the portfolio strategy for all corporate bonds and for the investment strategy and performance of a high yield bond fund and a multi-strategy hedge fund. He joined PH&N in 1998 and held key executive positions in the years leading up to the merger with RBC Asset Management, including Director, Chief Investment Officer and Head of the Investment Committee. Previously, he spent ten years in the capital markets division at a major U.S. investment bank, helping structure equity-linked financings for over 200 Canadian and U.S. corporate issuers. In his final two years with that firm, he was head of a proprietary trading desk dealing in convertible bonds, equity derivatives and preferred shares.

Also manages:PH&N Absolute Return, PH&N Absolute Return Series F

View fund manager performance report