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Fund Price: $10.81 (as at May 1, 2015)  1-day chg: $-.0466 -0.43%  YTD: 2.31%

Returns as at March 31, 2015

  Fund Group Avg Index*
1 Month -0.36% -0.45% -0.45%
3 Months 4.13% 2.99% 2.95%
6 Months 6.86% 4.82% 4.71%
1 Year 10.00% 7.27% 6.94%
2 Year Avg 5.36% 3.63% 3.38%
3 Year Avg 4.92% 3.68% 3.47%
4 Year Avg 5.84% 4.60% 5.15%
5 Year Avg 5.65% 4.54% 4.88%
10 Year Avg 5.44% 4.35% 4.37%
15 Year Avg 6.15% 4.92% 4.86%
20 Year Avg 6.85% 5.51% 5.55%
Since Inception 8.79% - -
 
2014 8.66% 6.53% 6.39%
2013 -1.26% -1.77% -1.86%
2012 3.43% 3.41% 3.21%
 
3 year risk 3.79 3.75 3.34
3 year beta 1.12 1.03 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 March 31, 2015

Best/Worst 12 months (since inception)
Best (ending Jun 83): 44.81 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Sep 81): -11.94 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: 4 High

Fund Objectives

The fundamental investment objectives of the fund are to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of fixed income securities issued by Canadian governments and corporations.

Fund Facts

Fund Sponsor: Phillips, Hager & North Inv Mgmt
Managed by: Phillips, Hager & North Inv Mgmt
Fund Type: MF Trust
Inception Date: December 1970
Asset Class: Canadian Fixed Income
Quartile Rank: 1 (3YR ending March 31, 2015)
Total Assets: $651.9 million
Mgmt Exp. Ratio (MER): 0.60%
Management Fee: 0.50%
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)
 
 

Asset Allocation March 31, 2015

Bond Type March 31, 2015

Bond Term March 31, 2015

Top Holdings as at March 31, 2015

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at May 1, 2015
1 Year Performance (%)
  Province of Ontario, 6.50%, MAR/08/29 Bond 7.79   7.76 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 7.60%, JUN/02/27 Bond 6.69   6.13 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 3.45%, JUN/02/45 Bond 3.65   15.82 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 3.50%, JUN/02/43 Bond 2.14   15.14 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 2.85%, JUN/02/23 Bond 2.02   6.9 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 3.80%, JUN/15/21 Bond 1.79   3.07 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 3.75%, MAR/15/20 Bond 1.67   1.79 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 8.10%, SEP/08/23 Bond 1.55   3.26 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Quebec, 8.50%, APR/01/26 Bond 1.49   5.69 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 3.50%, JUN/02/24 Bond 1.35   7.29 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 May 1, 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
Mar 30, 2015 0.0883 0.0883 0.3478 10.994
Dec 19, 2014 0.0550 0.0445 0.0995 0.3395 10.623
Sep 29, 2014 0.0800 0.0800 0.3237 10.486
Jun 27, 2014 0.0800 0.0800 0.3237 10.429
Mar 28, 2014 0.0800 0.0800 0.3237 10.339
Dec 20, 2013 0.0610 0.0227 0.0837 0.3237 10.162

Portfolio Manager(s)

William John, BMath

Phillips, Hager & North Inv Mgmt

Start Date: December, 1970

Fund Return: 8.79%

BMath (2000) University of Waterloo. Will is RBC GAM Head of Fixed Income Vancouver and an analyst in the fixed income team, with responsibilities for managing short-term and Universe bond portfolios. Will joined PH&N in 2008. Prior to joining PH&N, he was a Director and Co-head of U.S. Government Bond Trading at a multi-national, bank-owned capital company. Based in New York, he managed a group of eight market-makers in financial centres around the world with responsibility for a range of maturities along the U.S. Treasury curve. Previous to this, Will was the Vice President for U.S. Government bond trading at another multi-national bank. He entered the industry in 2000 and has applied his mathematics training to fixed income trading models throughout his career.

Also manages:PH&N Bond-O, PH&N Inflation Linked Bond Fd Srs D

View fund manager performance report

Phillips, Hager & North - Mgmt. Team

Phillips, Hager & North Inv Mgmt

Start Date: December, 1970

Fund Return: 8.79%

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 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 High Yield Bond Srs 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