|
|
Investment Objective
The objective of the Desjardins Northwest Specialty Global High Yield Bond Fund is to provide a high level of current income while maintaining security of capital. To do so, the Fund invests primarily in a diversified portfolio of global corporate bonds and notes and other high-yield, higher risk fixed income securities.
Investment Strategies
To achieve the Fund’s objective, the manager pursues the following strategies:
 | Invests at least 80% of its assets in high-yielding, income-producing corporate bonds;
|
| May invest up to 20% of its assets in short-term money market instruments and other income producing cash items;
|
| Selects investments rated “BBB” and below by Standard and Poor’s or Fitch, and Baa3 and below by Moody’s, and may also choose securities that are not rated, investments that are in default at the time of purchase and investments denominated in emerging market countries’ currencies;
|
| Uses a “bottom-up” securities selection process, concentrating first on individual company fundamentals before industry considerations and economic trends;
|
| May use derivates to hedge against losses caused by changes in foreign exchange rates or capitalize on various income opportunities. |
What are the Risks of Investing in This Fund?
Although the risk level of the Desjardins Northwest Specialty Global High Yield Bond Fund ranges from low to moderate, it factors in interest rates, credit, foreign securities, currency, derivatives, class, liquidity, large transactions and specific issuer risks.
Who Should Invest in This Fund?
The Desjardins Northwest Specialty Global High Yield Bond Fund is ideal for investors with low to moderate risk tolerance seeking investments that generate high income over the medium or long term.
Portfolio Manager
Northwest Mutual Funds
Portfolio Sub-advisor
AVIVA Capital Management
Fund Information
Type of fund
|
Global High Yield Fund
|
Inception
|
January 17, 2007
|
Type of securities
|
Mutual Fund Units
|
Eligibility
|
100% eligible for RRSPs, LIRAs, RRIFs, LIFs, DPSPs and RESPs
|
Management expense ratio
|
2.13%
|
Income distribution
frequency
|
Monthly
|
Capital gains distribution
frequency
|
Annual
|
|
