Class A units have a since-inception return of 5.8% (6.6% for Class F). MER is 2.07%, very high for a bond fund. It lost money in 2022 (6.6%) but otherwise has been profitable, though is down slightly year to date. With a mutual fund, there is not really a 'fair value' other than market value. The fund is priced daily based on the market prices of its securities. This net asset value is what investors pay when they buy or get when they sell. We would not deem it overly risky, as it only owns bonds. However, 66% of its holdings are corporate bonds, and these are more risky than government bonds. It has 36.5% exposure to the US and 12.3% internationally. Since it is priced once daily, there is no 'entry point' pricing. Investors need to make a 'buy or don't buy' decision. The fund should benefit if rates fall, but conversely may suffer if rates rise. Mutual fund assets are segregated from clients, so there is not a lot of additional risk in dealing with small firms.
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