PORTFOLIO MANAGEMENT
CALENDAR RETURNS (%) As at 11/30/2024
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 5.8 | — | 6.1 | — | — | — | — | — | — | — |
COMPOUND RETURNS (%) As at 11/30/2024
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
|---|---|---|---|---|---|---|---|
| 0.4 | 1.3 | 2.6 | 6.5 | — | — | — | 3.3 |
ASSET
ALLOCATION
As at 11/30/2024
| value | holding |
|---|---|
| Bank Loans | |
| Investment Grade Corporate Bonds | |
| Cash, Short-Term Investments & Other Net Assets | |
| High yield bonds |
GEOGRAPHIC
ALLOCATION
As at 11/30/2024
| value | holding |
|---|---|
| United States | |
| Ireland | |
| Other | |
| Canada | |
| Brazil | |
| Colombia | |
| Netherlands | |
| Italy | |
| United Kingdom | |
| Mexico |
TOP BOND HOLDINGS (%)
As at 11/30/2024
| Brazil Letras do Tesouro Nacional, 0.000%, Jul. 01 25 | 1.7 |
| Freddie Mac Stacr Remic Trust, 6.542% Aug. 25 44, Series 2024-HQA2, Class "M1" | 1.4 |
| Freddie Mac Stacr Remic Trust, 7.421% Apr. 25 43, Series 2023-DNA2, Class "M1A" | 1.1 |
| RAD CLO Ltd, 6.447% Jan. 20 37, Series 2023-22A Class "A1" | 0.9 |
| Fannie Mae Connecticut Avenue Securities, 7.844% Apr. 25 43, Series 2023-R03, Class "2M-1" | 0.9 |
| Freddie Mac Stacr Remic Trust, 7.323% Jun. 25 43, Series 2023-HQA2, Class "M1A" | 0.9 |
| Freddie Mac Stacr Remic Trust, 7.344% May 25 43, Series 2023-HQA1, Class "M1A" | 0.9 |
| Fannie Mae Connecticut Avenue Securities, 1.000% Sep. 25 44, Series 2024-R06, Class "1M-1" | 0.9 |
| Fannie Mae Connecticut Avenue Securities, 7.621% May 25 43, Series 2023-R04, Class "1M-1" | 0.8 |
| Ares CLO Ltd., 6.522% Jul. 25 36, Series 2022-ALF3A, Class "A1R" | 0.8 |
| Total allocation in top holdings | 10.3 |
CREDIT QUALITY
As at 11/30/2024
| col1 | col12 | col3 |
|---|---|---|
| AAA 18.5% | A 18.0% | BB 10.0% |
| AA 7.3% | BBB 31.2% | B-N/R 15.0% |
DYNAMIC PREFERRED PRICING
Management fee rates are applied back to dollar one
| Fund Value | % |
|---|---|
| $0K - $250K | 1.100 |
| $250K - $1M | 1.050 |
| $1M - $5M | 1.025 |
| $5M+ | 0.975 |
- 1. For the period ended 2024-06-30.
- 2. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this mutual fund is a suitable investment for them.
- . Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.
- . The indicated rates of return are the historical annual compounded total returns including changes in units [share] value and reinvestment of all distributions [dividends] and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. Investments in mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
- . Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.