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Canada Life Canadian Core Plus Bond Fund A
Canadian Core Pls Fxd Inc
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FundGrade E
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|
NAVPS (08-14-2026) |
$5.84 |
|---|---|
| Change |
-$0.02
(-0.36%)
|
As at July 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (October 10, 1974): 5.84%
| 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 | -1.58% | -0.12% | -0.61% | -0.14% | 1.46% | 2.02% | 3.35% | 2.04% | -0.69% | -1.20% | -0.10% | 0.66% | 0.61% | 0.12% |
| Benchmark | -1.61% | 0.21% | -0.05% | 0.58% | 2.41% | 2.62% | 4.09% | 2.55% | 0.18% | -0.35% | 0.95% | 1.88% | 1.88% | 1.39% |
| Category Average | -1.49% | 0.07% | -0.24% | 0.34% | 2.19% | - | - | - | - | - | - | - | - | - |
| Category Rank | 104 / 172 | 167 / 172 | 163 / 170 | 167 / 170 | 163 / 170 | 141 / 158 | 150 / 157 | 141 / 153 | 138 / 142 | 130 / 132 | 117 / 120 | 108 / 111 | 102 / 105 | 99 / 100 |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.31% | 1.78% | 0.57% | 0.18% | -1.22% | 0.47% | 1.40% | -2.11% | 0.25% | 1.17% | 0.31% | -1.58% |
| Benchmark | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% |
Best Monthly Return Since Inception
7.51% (November 1981)
Worst Monthly Return Since Inception
-5.25% (March 1994)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.27% | 0.86% | -0.88% | 5.13% | 7.07% | -3.93% | -12.60% | 5.12% | 4.01% | 1.77% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 4 |
| Category Rank | 89/ 90 | 92/ 102 | 96/ 106 | 107/ 116 | 118/ 128 | 134/ 136 | 108/ 148 | 154/ 155 | 134/ 158 | 152/ 159 |
Best Calendar Return (Last 10 years)
7.07% (2020)
Worst Calendar Return (Last 10 years)
-12.60% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 42.34 |
| Canadian Government Bonds | 37.61 |
| Foreign Corporate Bonds | 9.66 |
| Foreign Government Bonds | 5.90 |
| Cash and Equivalents | 4.17 |
| Other | 0.32 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 95.46 |
| Cash and Cash Equivalent | 4.17 |
| Real Estate | 0.15 |
| Utilities | 0.10 |
| Financial Services | 0.08 |
| Other | 0.04 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.13 |
| Europe | 1.66 |
| Asia | 0.18 |
| Latin America | 0.02 |
| Other | 0.01 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 3.25% 01-Jun-2035 | 6.90 |
| Province of Ontario 3.90% 02-Jun-2036 | 2.95 |
| Canada Government 2.75% 01-Dec-2055 | 2.91 |
| Cash and Cash Equivalents | 2.87 |
| Canada Government 3.50% 01-Dec-2057 | 2.84 |
| Quebec Province 4.40% 01-Dec-2055 | 2.73 |
| Canada Government 3.00% 01-Feb-2027 | 2.05 |
| United States Treasury Inflation Indexed 1.13% 15-Oct-2030 | 2.00 |
| Quebec Province 4.00% 01-Sep-2035 | 1.83 |
| British Clmbia Invst Mgmt Corp 4.00% 02-Jun-2035 | 1.60 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canada Life Canadian Core Plus Bond Fund A
Median
Other - Canadian Core Pls Fxd Inc
3 Yr Annualized
| Standard Deviation | 4.90% | 5.67% | 5.07% |
|---|---|---|---|
| Beta | 0.89 | 0.92 | 0.93 |
| Alpha | 0.00 | -0.01 | -0.01 |
| Rsquared | 0.90% | 0.93% | 0.94% |
| Sharpe | 0.00 | -0.62 | -0.33 |
| Sortino | 0.13 | -0.79 | -0.69 |
| Treynor | 0.00 | -0.04 | -0.02 |
| Tax Efficiency | 60.28% | - | - |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.12% | 4.90% | 5.67% | 5.07% |
| Beta | 0.94 | 0.89 | 0.92 | 0.93 |
| Alpha | -0.01 | 0.00 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.90% | 0.93% | 0.94% |
| Sharpe | -0.18 | 0.00 | -0.62 | -0.33 |
| Sortino | -0.44 | 0.13 | -0.79 | -0.69 |
| Treynor | -0.01 | 0.00 | -0.04 | -0.02 |
| Tax Efficiency | - | 60.28% | - | - |
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) | $1,256 |
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 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 | 1.70% |
|---|---|
| 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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