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Fund Price: $5.80 (as at July 28, 2014)  1-day chg: $0 0.00%  YTD: 4.57%

Returns as at June 30, 2014

  Fund Group Avg Index*
1 Month 0.10% 0.22% 0.22%
3 Months 1.36% 1.71% 1.70%
6 Months 3.85% 4.11% 4.16%
1 Year 3.70% 4.34% 4.33%
2 Year Avg 0.97% 1.82% 1.80%
3 Year Avg 2.62% 3.54% 4.48%
4 Year Avg 2.62% 3.58% 4.23%
5 Year Avg 2.97% 4.32% 4.68%
10 Year Avg 3.54% 4.17% 4.42%
15 Year Avg 3.89% 4.48% 4.61%
20 Year Avg 5.46% 5.76% 5.74%
Since Inception - - -
 
2013 -2.61% -1.77% -1.86%
2012 1.79% 3.36% 3.21%
2011 6.42% 7.20% 9.83%
 
3 year risk 2.95 3.21 3.43
3 year beta 0.77 0.77 1.00

*Globe Canadian 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 Canadian Fixed Income Peer Index.

Risk Measures as at June 30, 2014

Best/Worst 12 months (since inception)
Best (ending Sep 82): 33.64 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Jan 95): -11.35 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

The investment objective of the Fund is to provide superior income and modest capital gains through bonds issued or guaranteed by the Government of Canada or provincial governments. The manager utilizes a top-down fundamental analysis approach that is based on interest rate anticipation. To minimize credit risk, the manager invests exclusively in bonds issued or guaranteed by the Government of Canada. The team uses macro indicators to forecast the interest rate out-look in a Canadian and global context identifying where on the yield curve the portfolio should be positioned. Both technical and sentiment indicators are analyzed when timing the purchase of bonds so the portfolio reflects the team's fundamental outlook for interest rates.

Fund Facts

Fund Sponsor: AGF Investments Inc.
Managed by: AGF Investments Inc.
Fund Type: MF Trust
Inception Date: August 1962
Asset Class: Canadian Fixed Income
Quartile Rank: 4 (3YR ending June 30, 2014)
Total Assets: $1,116.1 million
Mgmt Exp. Ratio (MER): 1.85%
Management Fee: 1.50%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$25
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$25
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation September 30, 2013

Bond Type September 30, 2013

Bond Term September 30, 2013

Top Holdings as at September 30, 2013

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at July 28, 2014
1 Year Performance (%)
  Province of Quebec, 4.25%, DEC/01/21 Bond 7.29   2.82 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 2.75%, SEP/01/16 Bond 6.14   -0.65 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 2.75%, JUN/01/22 Bond 6.02   3.22 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 1.43%, MAR/15/15 Bond 4.74   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 4.00%, JUN/02/21 Bond 4.38   2.89 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 4.00%, JUN/01/41 Bond 4.02   4.72 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Quebec, 5.00%, DEC/01/41 Bond 3.03   5.93 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 1.52%, NOV/23/17 Bond 2.8   0.44 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 1.85%, DEC/15/16 Bond 2.61   0.8 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 28, 2014)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Jun 30, 2014 0.0060 0.0060 0.1167 5.760
May 30, 2014 0.0057 0.0057 0.1174 5.760
Apr 30, 2014 0.0055 0.0055 0.1175 5.720
Mar 31, 2014 0.0052 0.0052 0.1174 5.700
Feb 28, 2014 0.0059 0.0059 0.1180 5.720
Jan 31, 2014 0.0061 0.0061 0.1182 5.700
Dec 20, 2013 0.0116 0.0318 0.0434 0.1186 5.610
Nov 29, 2013 0.0083 0.0083 0.2465 5.660
Oct 31, 2013 0.0082 0.0082 0.2468 5.690
Sep 30, 2013 0.0082 0.0082 0.2463 5.636
Aug 30, 2013 0.0075 0.0075 0.2451 5.630
Jul 31, 2013 0.0066 0.0066 0.2443 5.664
Jun 28, 2013 0.0067 0.0067 0.2448 5.670
May 31, 2013 0.0059 0.0059 0.2446 5.797
Apr 30, 2013 0.0054 0.0054 0.2452 5.894
Mar 28, 2013 0.0058 0.0058 0.2465 5.850
Feb 28, 2013 0.0060 0.0060 0.2466 5.836
Jan 31, 2013 0.0066 0.0066 0.2473 5.800

Portfolio Manager(s)

Tristan Sones, CFA

AGF Investments Inc.

Start Date: April, 2006

Fund Return: 3.45%

Tristan is Vice-President and Portfolio Manager at AGF with 15 years of industry experience. As one of the principal members of the award-winning AGF fixed income team, he is responsible for the co-management of domestic and global fixed-income mandates. He is the lead portfolio manager of AGF Global High Yield Bond Fund, AGF Canadian High Yield Bond Fund and AGF Canadian Bond Fund. With a particular focus on credit, Tristan contributes to the team�s analysis of the global macroeconomic landscape, with specific emphasis on global investment grade and non-investment grade debt, as well as U.S. dollar, euro and local currency denominated emerging market debt. Tristan developed his fixed-income expertise by specializing in short-term bonds, money market securities and preferred shares. He joined AGF in 1993 and co-developed a personal financial risk-modeling application for AGF. In 1996, Tristan joined the investment management team as a fixed income analyst and has held positions of greater responsibility over time. Tristan earned an Honours BA in Mathematics from the University of Waterloo, holds the Chartered Financial Analyst designation and is member of the Toronto CFA Society.

Also manages:AGF Canadian Money Market Account, AGF Dollar Cost Averaging, AGF Emerging Markets Bond, AGF Global Government Bd MF Srs, AGF High Yield Bond, AGF Inflation Plus Bond, AGF Monthly High Inc Cl MF Srs, AGF Monthly High Income, AGF Short Term Income Class, AGF Total Return Bond, AGF Traditional Balanced, AGF Traditional Income, Primerica Canadian Money Market

View fund manager performance report

Tom Nakamura, CFA

AGF Investments Inc.

Start Date: April, 2006

Fund Return: 3.45%

Tom is a Portfolio Manager at AGF with 9 years of industry experience. Tom is a fixed-income generalist; but within the team, he is responsible for currency management, global high-yield corporate bonds and emerging market sovereign bonds (locally and externally-denominated). Tom has spent his entire investment career at Placements AGF Inc., which he joined in 1998 as an analyst in the Fund Analytics department. In 2000, he was given responsibility to develop procedures and analyze trading and cash management for AGF�s dedicated institutional portfolios. In 2002, he joined the fixed-income team to provide analysis on global fixed-income markets. As an analyst, his responsibilities included credit analysis of investment-grade and high-yield bonds, both domestic and international issues, monitoring of the fixed-income portfolios and their asset allocation and contributing to currency strategy decisions. Tom earned a Bachelor of Commerce at the University of Toronto. He is a member of the Toronto CFA Society and the CFA Institute.

Also manages:AGF Canadian Money Market Account, AGF Dollar Cost Averaging, AGF Emerging Markets Bond, AGF Global Aggregate Bond, AGF Global Government Bd MF Srs, AGF High Yield Bond, AGF Inflation Plus Bond, AGF Monthly High Inc Cl MF Srs, AGF Monthly High Income, AGF Short Term Income Class, AGF Total Return Bond, AGF Traditional Balanced, AGF Traditional Income, AGF World Balanced

View fund manager performance report

Jean Charbonneau, MBA

AGF Investments Inc.

Start Date: December, 2006

Fund Return: 2.96%

Jean Charbonneau is a seasoned fixed-income manager with more than 25 years of industry experience. Jean joined AGF's award-winning fixed-income team in 2006 as Senior Vice-President and Portfolio Manager. He is lead manager on AGF Global Government Bond Fund and co-manager on AGF Canadian Bond Fund. Since his arrival at AGF, Jean has been instrumental in defining a framework for bond investing that exploits duration, currency, yield curve and credit management to achieve superior results. Although Jean contributes to the general management of all the fixed-income mandates, he specializes in duration management, country mix strategy and emerging market bonds within the team. Jean has extensive experience managing international fixed-income assets for retail and institutional mandates. His experience in the international bond market includes various roles as trader, chief strategist and institutional sales. Jean has also managed retail bond funds throughout his career for a leading investment firm and managed all international fixed-income assets for La Caisse de D�p�t et Placement du Qu�bec. Jean earned a Masters of Business Administration from the University of Sherbrooke and a Bachelor of Commerce (Finance) degree from the University of Ottawa.

Also manages:AGF Emerging Markets Balanced, AGF Emerging Markets Bond, AGF Equity Income Focus, AGF Global Aggregate Bond, AGF Global Government Bd MF Srs, AGF Income Focus, AGF Inflation Focus, AGF World Balanced

View fund manager performance report