(As of 3/31/2024)

PH&N Short Term Bond & Mortgage Fund Series A

(Canadian Short Term Fixed Income)
Inception Return
(11/17/2008) 		1.83 %
YTD Return 0.05 %
NAVPS
(4/17/2024) 		$9.86
Change $0.01 / 0.08 %
Growth of $10,000 (As of March 31, 2024)
MER 1.04 %
Assets ($mil) $7,829.58
Rank (1Yr) 253/272
Std Dev (3Yr) 2.06 %
Volatility Ranking (3Yr) 1/10
RRSP Eligibility Yes
Load No Load
Max Front End -
Max Back End -
Sales Status Open
 
Objective
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 short-term fixed-income securities issued by Canadian governments and corporations, and first mortgages on property located in Canada in accordance with National Policy Statement No. 29 of the Canadian Securities Administrators.
Fund Manager

RBC Global Asset Management Inc.

Portfolio Manager

PH&N Fixed Income Team, RBC Global Asset Management Inc.

Sub-Advisor
Data not available
 
Asset Allocation
(As of December 31, 2023)
Sector Allocation
(As of December 31, 2023)
Geographic Allocation
(As of December 31, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
Canada Government 4.50% 01-Feb-2026Domestic BondsFixed IncomeCanada24.82%
Canada Housing Trust No 1 1.25% 15-Jun-2026Domestic BondsFixed IncomeCanada3.62%
Ontario Province 3.60% 08-Mar-2028Domestic BondsFixed IncomeCanada3.13%
Alberta Province 2.55% 01-Jun-2027Domestic BondsFixed IncomeCanada3.02%
Canada Government 3.25% 01-Sep-2028Domestic BondsFixed IncomeCanada2.81%
Canada Housing Trust No 1 1.55% 15-Dec-2026Domestic BondsFixed IncomeCanada2.72%
Canada Housing Trust No 1 4.25% 15-Dec-2028Domestic BondsFixed IncomeCanada1.50%
Enbridge Gas Inc 3.31% 11-Jun-2025Domestic BondsFixed IncomeCanada1.44%
Royal Bank of Canada 2.61% 01-Nov-2024Cash and EquivalentsCash and Cash EquivalentCanada1.35%
Canada Government 4.00% 01-Mar-2029Domestic BondsFixed IncomeCanada1.26%

Performance Data (As of March 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.35 0.05 4.08 0.05 2.75 -0.17 0.97 1.06
Benchmark 0.53 0.45 4.45 0.45 3.64 0.29 1.33 1.59
Quartile Ranking 4 4 3 4 4 3 3 3

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 4.54 -4.23 -1.55 5.53 2.25 1.02 -0.44 0.70 1.65 2.47
Benchmark 4.92 -3.98 -0.92 5.17 2.98 1.89 0.27 0.90 2.56 3.01
Quartile Ranking 3 2 4 2 4 3 4 3 2 3

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