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Canada Life Canadian Core Plus Bond Fund A

Canadian Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(01-17-2025)
$6.00
Change
$0.01 (0.22%)

As at December 31, 2024

As at October 31, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
End of interactive chart.

Legend

Canada Life Canadian Core Plus Bond Fund A

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Fund Returns

Inception Return (October 10, 1974): 6.00%

Fund Returns
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 -0.61% 0.22% 4.54% 4.01% 4.01% 4.56% -1.50% -2.11% -0.34% 0.55% 0.34% 0.41% 0.39% 0.46%
Benchmark -0.52% -0.10% 4.43% 4.10% 4.10% 5.24% -0.65% -1.17% 0.71% 1.73% 1.67% 1.79% 1.77% 1.95%
Category Average -0.81% -0.34% 4.10% 3.67% 3.67% 4.91% -1.12% -1.54% 0.33% 1.29% 1.05% 1.17% 1.21% 1.20%
Category Rank 188 / 663 140 / 659 296 / 642 389 / 626 389 / 626 518 / 601 525 / 586 528 / 556 504 / 525 473 / 495 431 / 449 409 / 423 373 / 378 340 / 344
Quartile Ranking 2 1 2 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -2.0548 to 2.9782.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund -1.29% -0.38% 0.53% -2.05% 1.69% 1.04% 2.08% 0.40% 1.78% -0.66% 1.52% -0.61%
Benchmark -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52%

Best Monthly Return Since Inception

7.51% (November 1981)

Worst Monthly Return Since Inception

-5.25% (March 1994)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -12.602026 to 8.607283.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.08% 0.27% 0.86% -0.88% 5.13% 7.07% -3.93% -12.60% 5.12% 4.01%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.67%
Quartile Ranking 4 4 4 4 4 4 4 4 4 3
Category Rank 310/ 344 370/ 378 376/ 423 427/ 449 440/ 495 483/ 525 537/ 556 480/ 586 574/ 601 389/ 626

Best Calendar Return (Last 10 years)

7.07% (2020)

Worst Calendar Return (Last 10 years)

-12.60% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 44.34
Canadian Government Bonds 32.48
Foreign Corporate Bonds 10.50
Cash and Equivalents 5.99
Foreign Government Bonds 4.55
Other 2.14

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.89
Cash and Cash Equivalent 5.99
Financial Services 0.10
Utilities 0.06
Consumer Goods 0.05
Other -0.09

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.54
Asia 2.82
Europe 0.40
Latin America 0.34
Africa and Middle East 0.02
Other -0.12

Top Holdings

Top Holdings
Name Percent
Canada Government 3.00% 01-Jun-2034 6.12
Canada Government 2.75% 01-Dec-2055 4.03
Quebec Province 4.40% 01-Dec-2055 3.09
New Zealand Government 3.50% 14-Apr-2033 2.44
Ontario Province 4.15% 02-Jun-2034 2.37
Canada Housing Trust No 1 1.25% 15-Jun-2026 1.80
TransCanada Trust 4.65% 18-May-2027 1.60
Ontario Province 3.80% 02-Dec-2034 1.46
Alberta Province 3.10% 01-Jun-2050 1.37
Quebec Province 4.45% 01-Sep-2034 1.25

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.5274 to 56.5434.
The chart has 1 Y axis displaying Return. Data ranges from -7.252149 to 26.221244.
End of interactive chart.

Canada Life Canadian Core Plus Bond Fund A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.78% 6.29% 5.13%
Beta 0.93% 0.94% 0.92%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.92% 0.93% 0.94%
Sharpe -0.73% -0.39% -0.20%
Sortino -0.82% -0.66% -0.62%
Treynor -0.05% -0.03% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.63% 6.78% 6.29% 5.13%
Beta 0.75% 0.93% 0.94% 0.92%
Alpha 0.01% -0.01% -0.01% -0.01%
Rsquared 0.73% 0.92% 0.93% 0.94%
Sharpe -0.07% -0.73% -0.39% -0.20%
Sortino 0.33% -0.82% -0.66% -0.62%
Treynor 0.00% -0.05% -0.03% -0.01%
Tax Efficiency 75.41% - - -

Fund Details

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) $1,188

Fund Codes

FundServ Code Load Code Sales Status
MAX1463
MAX1763
MAX1863

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 08-18-2022
Canada Life Investment Management Ltd. 08-18-2022

Management and Organization

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 KPMG LLP

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 1.70%
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) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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