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Canadian Fixed Income
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|
NAVPS (09-13-2024) |
$6.05 |
|---|---|
| Change |
$0.01
(0.10%)
|
As at August 31, 2024
As at June 30, 2024
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Inception Return (October 10, 1974): 6.00%
| 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 | 0.40% | 3.55% | 3.68% | 1.96% | 7.10% | 3.26% | -2.26% | -2.40% | -1.20% | 0.18% | 0.10% | -0.29% | 0.17% | 0.37% |
| Benchmark | 0.52% | 5.73% | 4.16% | 2.34% | 7.86% | 4.00% | -1.22% | -1.35% | -0.01% | 1.56% | 1.54% | 1.13% | 1.64% | 1.98% |
| Category Average | 0.39% | 3.87% | 3.87% | 2.18% | 7.51% | 3.78% | -1.65% | -1.59% | -0.28% | 1.02% | 0.90% | 0.63% | 1.05% | 1.14% |
| Category Rank | 207 / 652 | 514 / 636 | 537 / 631 | 548 / 627 | 516 / 622 | 556 / 601 | 549 / 578 | 527 / 546 | 495 / 508 | 461 / 475 | 427 / 440 | 406 / 414 | 360 / 362 | 324 / 327 |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -2.44% | 0.26% | 3.83% | 3.43% | -1.29% | -0.38% | 0.53% | -2.05% | 1.69% | 1.04% | 2.08% | 0.40% |
| Benchmark | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% |
7.51% (November 1981)
-5.25% (March 1994)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.20% | 1.08% | 0.27% | 0.86% | -0.88% | 5.13% | 7.07% | -3.93% | -12.60% | 5.12% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | 7.06% | 1.07% | 1.60% | 1.96% | -0.34% | 6.21% | 8.18% | -2.79% | -12.16% | 6.16% |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Category Rank | 258/ 315 | 310/ 345 | 370/ 379 | 377/ 424 | 428/ 450 | 441/ 496 | 484/ 526 | 537/ 557 | 482/ 586 | 575/ 602 |
7.07% (2020)
-12.60% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 48.17 |
| Canadian Government Bonds | 29.42 |
| Cash and Equivalents | 9.99 |
| Foreign Government Bonds | 6.45 |
| Foreign Corporate Bonds | 4.58 |
| Other | 1.39 |
| Name | Percent |
|---|---|
| Fixed Income | 89.76 |
| Cash and Cash Equivalent | 10.00 |
| Financial Services | 0.09 |
| Utilities | 0.06 |
| Telecommunications | 0.04 |
| Other | 0.05 |
| Name | Percent |
|---|---|
| North America | 99.49 |
| Latin America | 0.26 |
| Europe | 0.20 |
| Other | 0.05 |
| Name | Percent |
|---|---|
| Ontario Province 4.15% 02-Jun-2034 | 7.12 |
| Quebec Province 4.40% 01-Dec-2055 | 3.15 |
| United States Treasury 0.13% 15-Apr-2025 | 2.75 |
| Bank of Montreal 2.70% 11-Sep-2024 | 2.73 |
| United States Treasury 4.25% 15-Feb-2054 | 2.37 |
| United States Treasury 4.63% 15-May-2054 | 2.30 |
| Alberta Province 3.10% 01-Jun-2050 | 2.11 |
| Quebec Province 4.45% 01-Sep-2034 | 1.91 |
| Canada Government 2.75% 01-Dec-2055 | 1.86 |
| TransCanada Trust 4.65% 18-May-2027 | 1.53 |
Canada Life Canadian Core Plus Bond Fund A
Median
Other - Canadian Fixed Income
| Standard Deviation | 6.71% | 6.23% | 5.09% |
|---|---|---|---|
| Beta | 0.92% | 0.94% | 0.92% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.92% | 0.92% | 0.94% |
| Sharpe | -0.79% | -0.51% | -0.20% |
| Sortino | -0.96% | -0.83% | -0.65% |
| Treynor | -0.06% | -0.03% | -0.01% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.84% | 6.71% | 6.23% | 5.09% |
| Beta | 0.85% | 0.92% | 0.94% | 0.92% |
| Alpha | 0.00% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.87% | 0.92% | 0.92% | 0.94% |
| Sharpe | 0.34% | -0.79% | -0.51% | -0.20% |
| Sortino | 1.05% | -0.96% | -0.83% | -0.65% |
| Treynor | 0.03% | -0.06% | -0.03% | -0.01% |
| Tax Efficiency | 87.25% | - | - | - |
| Start Date | October 10, 1974 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,087 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX1463 | ||
| MAX1763 | ||
| MAX1863 |
The Fund seeks to maximize income consistent with prudent levels of risk by investing in a combination of Canadian government and corporate bonds of various terms, debentures, notes, mortgages and other income-producing securities. 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.
The Fund’s portfolio is actively managed to achieve long-term, above-average returns while assuming moderate risk. The primary strategy is top-down by managing the duration and sector allocation of the Fund in response to yield and yield spread expectations. A secondary strategy is bottom-up management of individual securities in response to relative valuations.
| Name | Start Date |
|---|---|
| Mackenzie Financial Corporation | 08-18-2022 |
| Canada Life Investment Management Ltd. | 08-18-2022 |
| Fund Manager | Canada Life Investment Management Ltd. |
|---|---|
| Advisor | Canada Life Investment Management Ltd. |
| Custodian | Canadian Imperial Bank of Commerce |
| Registrar | Mackenzie Financial Corporation |
| Distributor | Quadrus Investment Services Limited |
| Auditor | Deloitte LLP |
| 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 |
| MER | 1.70% |
|---|---|
| Management Fee | 1.35% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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