Norrep High Yield Class

  • Mutual Fund Corporation
  • F Series
  • CDN$

Manager Insights

Bill Holy discusses the fundamentals of fixed income investing, as well as the Norrep High Yield Class and Norrep Short Term Income Fund.

  • Current Price

    Aug 19, 2017

  • $7.88

    $0.01 (0.08%)

Investment Managers

  • Bill Holy

    Vice President & Portfolio Manager, High Yield Debt

  • Owen Morgan

    Portfolio Manager

Fund Traits

  1. Fixed income fund with a unique strategy of overweighting either floating rate senior secured loans or high yield corporate bonds, depending on market conditions

  2. Pays a valuable monthly tax-advantaged distribution while also having the potential for long term growth

  3. Seeks to take advantage of an appealing risk/reward environment where corporate default rates are at historical lows

Compounded Returns (%) as at Jul 31, 2017

1 month 3 month 6 month 1 year 3 year* 5 year* S.I.*
0.5%2.3%4.2%6.3%2.2%4.5%4.1%

Annual Returns as at Jul 31, 2017

2017 YTD 2016 2015 2014 2013 2012 2011 ^
5.4% 4.8% -2.5% 2.7% 7.7% 8.7% -0.9%

as at Jul 31, 2017Dividends

2017 YTD 2016 2015 2014 2013 2012 2011^
Eligible Dividends $0.301$0.504$0.50$0.46$0.72$0.72$0.42
Capital Gains ---$0.76---
Return of Capital -
Total $0.301 $0.504 $0.50 $1.22 $0.72 $0.72 $0.42

Growth of $10,000

Portfolio Allocation (%)

As of Jul 31, 2017
  • Holding%
  • BB13.9
  • B41.5
  • CCC10.9
  • Not Rated13.5
  • Net Cash20.2

Geographic Allocation (%)

As of Jul 31, 2017
  • Holding%
  • Canada22.5
  • United States45.0
  • Other12.3
  • Net Cash20.2
Notes

* Annualized

^ 2011 return beings with May 31 inception

Disclaimer

All price and performance data listed is for the F series. Past performance is no guarantee of future results. 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 share value and reinvestment of all dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.