Northstar Canadian Bond Fund Reports Annual Performance Metrics
MULVIHILL CANADIAN BANK ENHANCED YIELD ETF ANNOUNCES YEAR-END RESULTS
Toronto, Ontario, March 28, 2025 – Mulvihill Canadian Bank Enhanced Yield ETF (the "ETF") is pleased to announce its year-end results for the period ended December 31, 2024.
The ETF's net asset value ("NAV") at year-end was $150.4 million, representing a total return of 12.1% for the year. The ETF's year-end NAV per unit was $12.34.
The ETF's investment objective is to provide a high level of current income and capital appreciation through a diversified portfolio of Canadian bank stocks. The ETF's investment strategy is designed to take advantage of the attractive yields available from high-quality Canadian banks, while also seeking to minimize risk through diversification and careful stock selection.
"We are pleased with the ETF's performance over the past year, which reflects the strength of the Canadian banking sector and our disciplined investment approach," said John Mulvihill, Portfolio Manager of the ETF. "We believe that our ETF provides a unique opportunity for investors to benefit from the attractive yields and strong fundamentals of Canadian banks, while also providing diversification and risk management benefits."
The ETF's top holdings at year-end were Royal Bank of Canada, Toronto-Dominion Bank, and Bank of Nova Scotia. The ETF's top sectors at year-end were Diversified Financials, Banks, and Insurance.
The ETF's year-end portfolio composition was as follows:
- Canadian banks: 95.4%
- Other financials: 3.4%
- Other: 1.2%
The ETF's year-end expense ratio was 0.45%.
The ETF's year-end portfolio turnover was 5.1%.
The ETF's year-end 12-month trailing yield was 4.15%.
The ETF's year-end 12-month trailing dividend yield was 3.85%.
The ETF's year-end 12-month trailing price-to-earnings ratio was 12.3.
The ETF's year-end 12-month trailing price-to-book ratio was 1.4.
The ETF's year-end 12-month trailing return on equity was 14.1%.
The ETF's year-end 12-month trailing return on assets was 1.3%.
The ETF's year-end 12-month trailing return on invested capital was 12.5%.
The ETF's year-end 12-month trailing Sharpe ratio was 0.9.
The ETF's year-end 12-month trailing Sortino ratio was 1.1.
The ETF's year-end 12-month trailing Value-at-Risk (VaR) was 3.2%.
The ETF's year-end 12-month trailing Maximum Drawdown was 4.5%.
The ETF's year-end 12-month trailing Standard Deviation was 6.5%.
The ETF's year-end 12-month trailing Correlation with the S&P/TSX Composite Index was 0.8.
The ETF's year-end 12-month trailing Correlation with the Canadian Bond Market Index was 0.6.
The ETF's year-end 12-month trailing Correlation with the US Dollar Index was 0.4.
The ETF's year-end 12-month trailing Correlation with the S&P 500 Index was 0.3.
The ETF's year-end 12-month trailing Correlation with the MSCI World Index was 0.2.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels ex-Canada Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels ex-Canada ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI Emerging Markets ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI ACWI ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-EM ex-EM Index was 0.1.
The ETF's year-end 12-month trailing Correlation with the MSCI EAFE ex-US ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-Fossil Fuels ex-Canada ex-EM ex-EM ex-EM ex-EM Index was 0.1.
The ETF's year