PORTFOLIO MANAGEMENT
CREDIT QUALITY
As at 12/31/2025
| col1 | col12 | col3 |
|---|---|---|
| AAA 26.3% | A 18.6% | BB 20.5% |
| AA 8.9% | BBB 25.7% | B-N/R 0.0% |
CALENDAR RETURNS (%)
As at 12/31/2025
| YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.5 | 4.5 | — | — | — | — | — | — | — | — | — |
COMPOUND RETURNS (%)
As at 12/31/2025
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
|---|---|---|---|---|---|---|---|
| 0.2 | 0.9 | 2.1 | 4.5 | — | — | — | 4.3 |
TOP BOND HOLDINGS (%)
As at 12/31/2025
| Peru Treasury Bond, 6.850% Aug. 12 35 | 2.5 |
| Mexican Bonos Desarr Fixed Rate, 7.750% Nov. 23 34 | 2.1 |
| Government of Romania, 8.000% Apr. 29 30 | 1.6 |
| Notas Do Tesouro Nacional., 10.000% Jan. 01 31 | 1.3 |
| Citigroup Inc., 3.057% Jan. 25 33 | 1.1 |
| Republic of South Africa, 8.875% Feb. 28 35 | 1.0 |
| Freddie Mac Stacr Remic Trust, 8.689% Apr. 25 42, Series 2022-DNA3, Class "M2" | 0.7 |
| Onslow Bay Financial LLC, 1.000% Jul. 25 64, Series 25- NQM2, Class "A1" | 0.7 |
| Ares CLO Ltd., 5.424% Apr. 15 34, Series 2017-44A, Class "A1RR" | 0.7 |
| Woodward Capital Management, 1.000% Nov. 01 55, Series 2025-CES10 Class "A-1A" | 0.6 |
| Total allocation in top holdings | 12.3 |
- 1. 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.
- 2. FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved.
- . 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.