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GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $12.27 (as at April 23, 2014)  1-day chg: $-.0004 0.00%  YTD: 2.97%

Returns as at March 31, 2014

  Fund Group Avg Index*
1 Month 0.47% 0.22% 0.22%
3 Months 2.57% 2.69% 2.55%
6 Months 5.01% 5.13% 4.94%
1 Year 5.94% 4.14% 4.15%
2 Year Avg 7.59% 6.21% 6.31%
3 Year Avg 6.93% 5.65% 5.56%
4 Year Avg 7.36% 6.69% 6.37%
5 Year Avg 10.35% 10.41% 10.49%
10 Year Avg 7.40% 4.74% 4.67%
15 Year Avg - 4.84% 4.71%
20 Year Avg - 6.21% 5.31%
Since Inception - - -
 
2013 5.06% 3.17% 3.45%
2012 10.56% 10.81% 11.05%
2011 4.85% 2.98% 2.12%
 
3 year risk 2.64 5.23 4.41
3 year beta 0.57 0.95 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 March 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 March 31, 2014)
Total Assets: $690.1 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 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 23, 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 April 23, 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 0.1500 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
Dec 21, 2012 0.1920 0.1440 0.3360 0.7860 12.095

Portfolio Manager(s)

Phillips, Hager & North - Mgmt. Team

Phillips, Hager & North Inv Mgmt

Start Date: July, 2000

Fund Return: 8.30%

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 Short Term Bond & Mtg-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