|LP Credit Strategies Fund||0.10%||1.47%||3.23%||5.83%||8.44%||8.09%||6.08%||6.31%|
|Canadian Corporate Bond Index*||1.11%||-1.09%||1.05%||2.39%||0.70%||3.24%||3.03%||3.38%|
|Barclays Global Corporate Index||-0.43%||0.64%||1.36%||1.88%||3.00%||3.03%||1.23%||2.25%|
*iShares FTSE TMX Corporate Bond Index ETF
This presentation has used the following benchmarks in comparison to historic returns on the Fund:
- The XCB is an index-based ETF that replicates the FTSE TMX Canada All Corporate Index, a benchmark index of Canadian Dollar corporate bonds published daily by PC Bond Analytics. The Fund has a high % of its assets in C$ corporate bonds, and thus the FTSE TMX Canada All Corporate is a relevant index for comparing risk and return in the Fund. The FTSE TMX Canada All Corporate Index has a high component of interest rate risk, whereas the Fund has a low component of interest rate risk.
- BCGI refers to the Barclays Global Corporate Index. Returns for this benchmark are calculated as excess daily returns, or the difference between total returns of the security and an implied Treasury portfolio matching the term-structure profile of that security. Returns are calculated in Canadian dollars, assuming currency exposures on non-Canadian holdings are fully hedged. In the opinion of the portfolio managers, this index represents a valid benchmark for the Credit Strategies Fund on the basis it is a) based on a global portfolio of publically traded corporate bonds, b) expressed in Canadian Dollars, and c) assumes currency and interest rate risk have been hedged from the portfolio.
Investors should note that the Fund utilizes long and short positions in both domestic and international fixed-income products, and may incorporate leverage and derivative overlays. Fund performance may deviate significantly from the benchmark indices mentioned above.