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Canada Life Canadian Core Bond Fund A
Canadian Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-27-2026) |
$10.39 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at September 30, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (September 07, 1999): 2.51%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -1.43% | -3.33% | -1.66% | -1.92% | -2.43% | 0.00% | 3.77% | 2.35% | -0.55% | -1.22% | -0.33% | 0.67% | 0.59% | 0.10% |
| Benchmark | -1.18% | -3.03% | -1.17% | -0.88% | -1.22% | 0.70% | 4.57% | 2.98% | 0.24% | -0.47% | 0.59% | 1.71% | 1.72% | 1.20% |
| Category Average | -1.37% | -3.11% | -1.36% | -1.46% | -1.90% | 0.20% | 4.11% | 2.73% | -0.32% | -0.72% | 0.23% | 1.15% | 1.07% | 0.70% |
| Category Rank | 433 / 485 | 415 / 478 | 425 / 473 | 436 / 469 | 432 / 465 | 404 / 443 | 367 / 408 | 349 / 387 | 340 / 380 | 333 / 356 | 323 / 340 | 302 / 320 | 288 / 296 | 268 / 274 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.57% | 0.16% | -1.23% | 0.51% | 1.38% | -2.12% | 0.21% | 1.17% | 0.34% | -1.64% | -0.30% | -1.43% |
| Benchmark | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% | -0.27% | -1.18% |
Best Monthly Return Since Inception
4.47% (January 2015)
Worst Monthly Return Since Inception
-3.67% (April 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.41% | 0.83% | -0.23% | 5.13% | 6.92% | -3.76% | -11.93% | 5.22% | 3.94% | 1.82% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | 1.60% | 1.96% | -0.34% | 6.21% | 8.18% | -2.79% | -12.16% | 6.16% | 3.68% | 2.23% |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | 4 |
| Category Rank | 238/ 255 | 260/ 281 | 281/ 302 | 300/ 329 | 329/ 341 | 350/ 363 | 217/ 380 | 364/ 388 | 238/ 412 | 393/ 448 |
Best Calendar Return (Last 10 years)
6.92% (2020)
Worst Calendar Return (Last 10 years)
-11.93% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 44.55 |
| Canadian Government Bonds | 41.17 |
| Foreign Corporate Bonds | 10.09 |
| Foreign Government Bonds | 3.20 |
| Cash and Equivalents | 0.95 |
| Other | 0.04 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 98.94 |
| Cash and Cash Equivalent | 0.95 |
| Financial Services | 0.10 |
| Utilities | 0.04 |
| Consumer Services | 0.01 |
| Other | -0.04 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.34 |
| Europe | 1.08 |
| Asia | 0.19 |
| Other | 0.39 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 3.50% 01-Dec-2057 | 5.19 |
| Province of Ontario 3.90% 02-Jun-2036 | 4.15 |
| Canada Government 3.25% 01-Jun-2035 | 3.71 |
| Mackenzie Canadian Aggregate Bond Index ETF (QBB) | 3.67 |
| Quebec Province 4.40% 01-Dec-2055 | 3.24 |
| Mackenzie Canadian All Corporate Bond Ix ETF (QCB) | 2.26 |
| Canada Government 3.00% 01-Feb-2027 | 2.23 |
| Quebec Province 4.00% 01-Sep-2035 | 1.92 |
| Canada Government 2.75% 01-Sep-2030 | 1.66 |
| British Clmbia Invst Mgmt Corp 4.00% 02-Jun-2035 | 1.64 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canada Life Canadian Core Bond Fund A
Median
Other - Canadian Fixed Income
3 Yr Annualized
| Standard Deviation | 4.74% | 5.75% | 5.06% |
|---|---|---|---|
| Beta | 0.89 | 0.95 | 0.93 |
| Alpha | 0.00 | -0.01 | -0.01 |
| Rsquared | 0.90% | 0.94% | 0.95% |
| Sharpe | 0.11 | -0.60 | -0.34 |
| Sortino | 0.27 | -0.75 | -0.70 |
| Treynor | 0.01 | -0.04 | -0.02 |
| Tax Efficiency | 64.88% | - | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.96% | 4.74% | 5.75% | 5.06% |
| Beta | 0.95 | 0.89 | 0.95 | 0.93 |
| Alpha | -0.01 | 0.00 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.90% | 0.94% | 0.95% |
| Sharpe | -1.16 | 0.11 | -0.60 | -0.34 |
| Sortino | -1.41 | 0.27 | -0.75 | -0.70 |
| Treynor | -0.05 | 0.01 | -0.04 | -0.02 |
| Tax Efficiency | - | 64.88% | - | - |
Fund Details
| Start Date | September 07, 1999 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $125 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX1205 | FE | Open |
| MAX1305 | DSC | Open |
| MAX1605 | CB | Open |
Investment Objectives
The Fund seeks to provide interest income and the potential for moderate capital appreciation by investing primarily in Canadian government and investment grade corporate bonds. Any proposed change to the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.
Investment Strategy
The Fund's portfolio is structured to reflect the relative attractiveness of various bond maturities and credit sectors, on a risk-adjusted basis while maintaining broad diversification. Holdings will have a credit quality rating of at least BBB at the time of purchase, with the overall portfolio having an average credit quality rating of at least A .
Portfolio Management
| Portfolio Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Sub-Advisor |
Mackenzie Financial Corporation
|
Management and Organization
| Fund Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
Quadrus Investment Services Limited IPC Investment Corporation IPC Securities Corporation |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.64% |
|---|---|
| Management Fee | 1.30% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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