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Market insights
An Update on the IA Wealth Enhanced Bond Pool
Jan. 18, 202418 Jan 2024
|
1 year |
2 years |
3 years |
Since inception (July 16, 2020) |
|
|---|---|---|---|---|
|
IA Wealth Enhanced Bond Pool F |
6.4% |
-2.6% |
-1.9% |
-1.0% |
|
75% FTSE Canada Universe Bond, 25% Bloomberg US Agg (CAD Hdg) |
6.2% |
-3.4% |
-3.0% |
-2.4% |
|
Peer group (Canadian Fixed Income) |
6.5% |
-3.0% |
-2.8% |
-2.2% |
|
Quartile ranking |
3 |
1 |
1 |
1 |
|
Number of funds in peer group |
518 |
504 |
482 |
464 |
The Morningstar Star Ratings displayed above are as of December 31, 2023 and are subject to change monthly.
The Morningstar Rating for Funds, often referred to as the Star Rating, is a data driven rating which compares how well a fund performed against similar funds. It is calculated by Morningstar Research Inc., an independent research firm. Morningstar groups funds based on the types of investments in the funds’ portfolios using CIFSC Fund categories. The Star Rating also considers the amount of risk a fund has taken to achieve its return. A more volatile fund will generally receive a lower rating than a steadier fund with the same return. Star Ratings are given for funds with at least a 3-year track record based on the fund’s Morningstar Risk Adjusted Return. The overall ranking is a weighted combination of the 3, 5 and 10 year ratings. Overall ratings are adjusted where a fund has less than 5 or 10 years of history.
Funds which rank in the top 10% of its category receive a 5-Star rating. Funds which rank in the next 22.5% receive a 4-Star rating. Funds which rank in the next 35% receive a 3-Star rating. Funds which rank in the next 22.5% receive a 2-Star rating. Funds which rank in the lowest 10% of its category receive a 1-Star rating.
For further information on the Star Rating, please refer to www.morningstar.ca.
©2023 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
