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GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $12.34 (as at August 20, 2014)  1-day chg: $.0023 0.02%  YTD: 4.89%

Returns as at July 31, 2014

  Fund Group Avg Index*
1 Month -0.37% -0.46% -0.46%
3 Months 0.69% 0.88% 0.90%
6 Months 3.05% 3.18% 3.07%
1 Year 6.85% 6.73% 6.61%
2 Year Avg 6.69% 5.91% 5.98%
3 Year Avg 6.68% 5.35% 5.43%
4 Year Avg 6.94% 6.26% 6.09%
5 Year Avg 8.05% 7.69% 7.72%
10 Year Avg 7.52% 4.98% 4.85%
15 Year Avg - 4.87% 4.74%
20 Year Avg - 5.87% 5.25%
Since Inception - - -
 
2013 5.06% 3.14% 3.45%
2012 10.56% 10.83% 11.05%
2011 4.85% 3.00% 2.12%
 
3 year risk 2.64 5.27 4.35
3 year beta 0.58 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 July 31, 2014

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 Oct 08): -3.75 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: 3 High

Fund Objectives

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.

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 July 31, 2014)
Total Assets: $681.6 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 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 August 20, 2014
1 Year Performance (%)
  Quebecor Media, 6.63%, JAN/15/23 Bond 5.94   - 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, 7.00%, JAN/15/19 Bond 3.82   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Metropcs Inc, 6.63%, APR/01/23 Bond 3.73   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Merrill Lynch Capital Trust, 5.29%, MAY/30/17 Bond 3.44   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Virgin Media, 6.50%, JAN/15/18 Bond 3.23   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Reynolds Group Issuer, 6.88%, FEB/15/21 Bond 2.68   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Sabine Pass Liquefaction, 5.63%, APR/15/23 Bond 2.68   - 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 2.39   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Intelsat Jackson Holdings, 7.25%, OCT/15/20 Bond 2.38   - 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 August 20, 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
Jun 27, 2014 0.1500 0.1500 0.6478 12.263
Mar 28, 2014 0.1500 0.1500 0.6478 12.208
Dec 20, 2013 0.1978 0.1978 0.6478 12.037
Sep 27, 2013 0.1500 0.1500 0.7860 11.975
Jun 27, 2013 0.1500 0.1500 0.8060 11.922
Mar 27, 2013 0.1500 0.1500 0.7960 12.163

Portfolio Manager(s)

Phillips, Hager & North - Mgmt. Team

Phillips, Hager & North Inv Mgmt

Start Date: July, 2000

Fund Return: 8.19%

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 Bal Fund Series D, IA Ecflx Monthly Income (PH&N), IA SRP Monthly Income (PH&N), Multi-Manager Canadian Bond, PH&N $US Money Mkt Fd (US$) Srs D, PH&N Bal Fund Series D, PH&N Bond Fund Series D, PH&N Canadian Growth Fund Series D, PH&N Cdn Eq Plu Pension Tr Fd Srs D, PH&N Cdn Money Market Fund Series D, PH&N Community Vals Bal Fd Srs D, PH&N Community Vals Bond Fund Srs D, PH&N Community Vals Cdn Eq Fd Srs D, PH&N Community Vals Glo Eq Fd Srs D, PH&N Community Values Bond-O, PH&N Curr Hedged U.S. Eq Fd Srs D, PH&N Dividend Income Fund Series D, PH&N Global Equity Fund Series D, PH&N Small Float Fund, PH&N Total Return Bond Fund Srs D, PH&N U.S. Dividend Income Fd Srs D, PH&N U.S. Equity Fund Series D, PH&N U.S. Growth Fund Series D, PH&N Vintage Series D, Teachers' RSP-Equity Section, Tradex Equity Fund Limited

View fund manager performance report