Skip navigation

GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $11.95 (as at July 31, 2015)  1-day chg: $.0013 0.01%  YTD: 3.77%

Returns as at June 30, 2015

  Fund Group Avg Index*
1 Month 0.06% -0.91% -0.91%
3 Months 1.96% 0.22% 0.19%
6 Months 4.55% 2.41% 2.44%
1 Year 4.27% 0.58% 0.60%
2 Year Avg 6.32% 4.52% 4.34%
3 Year Avg 6.31% 4.94% 4.79%
4 Year Avg 6.47% 4.80% 4.58%
5 Year Avg 6.80% 5.90% 5.45%
10 Year Avg 7.06% 4.56% 4.34%
15 Year Avg - 5.02% 4.75%
20 Year Avg - 5.46% 4.99%
Since Inception 8.03% - -
 
2014 3.98% 2.82% 2.59%
2013 5.06% 3.55% 3.45%
2012 10.56% 10.99% 11.05%
 
3 year risk 2.33 4.44 3.16
3 year beta 0.70 0.94 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, 2015

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: 2 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 June 30, 2015)
Total Assets: $719.1 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 June 30, 2015

Bond Type June 30, 2015

Bond Term June 30, 2015

Top Holdings as at June 30, 2015

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at July 31, 2015
1 Year Performance (%)
  Chrysler Group, 8.25%, JUN/15/21 Bond 6.15   - 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 5.75   - 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 4.17   - 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 3.63   -8.39 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 3.63   - 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 3.4   - 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 2.75   - 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 2.65   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Hertz Corp 6.750% 15-Apr-2019 Bond 2.64   - 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 31, 2015)

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, 2015 0.1539 0.1539 0.7309 12.032
Mar 30, 2015 0.1860 0.1860 0.7270 11.959
Dec 19, 2014 0.2010 0.2010 0.6910 11.793
Sep 29, 2014 0.1900 0.1900 0.6878 12.039
Jun 27, 2014 0.1500 0.1500 0.6478 12.263
Mar 28, 2014 0.1500 0.1500 0.6478 12.208

Portfolio Manager(s)

Phillips, Hager & North - Mgmt. Team

Phillips, Hager & North Inv Mgmt

Start Date: July, 2000

Fund Return: 8.00%

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 Series D, 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 Cdn Eq Fd Srs D, PH&N Community Vals Glo Eq Fd Srs D, PH&N Community Values Bond Series 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