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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 (11-04-2026) |
$5.81 |
|---|---|
| Change |
$0.03
(0.48%)
|
As at September 30, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (October 10, 1974): 5.79%
| 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 | -1.42% | -3.27% | -1.59% | -1.85% | -2.33% | 0.05% | 3.80% | 2.45% | -0.78% | -1.32% | -0.45% | 0.49% | 0.43% | -0.05% |
| 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 | -1.36% | -3.02% | -1.16% | -1.21% | -1.51% | - | - | - | - | - | - | - | - | - |
| Category Rank | 129 / 175 | 152 / 172 | 166 / 172 | 167 / 170 | 165 / 170 | 148 / 159 | 147 / 157 | 145 / 154 | 139 / 143 | 130 / 132 | 119 / 121 | 110 / 113 | 102 / 105 | 100 / 102 |
| Quartile Ranking | 3 | 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% | 0.18% | -1.22% | 0.47% | 1.40% | -2.11% | 0.25% | 1.17% | 0.31% | -1.58% | -0.30% | -1.42% |
| 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
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 | 43.25 |
| Canadian Government Bonds | 40.75 |
| Foreign Corporate Bonds | 10.04 |
| Foreign Government Bonds | 3.70 |
| Cash and Equivalents | 1.90 |
| Other | 0.36 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 97.73 |
| Cash and Cash Equivalent | 1.90 |
| Real Estate | 0.14 |
| Utilities | 0.10 |
| Financial Services | 0.07 |
| Other | 0.06 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.21 |
| Europe | 1.60 |
| Asia | 0.17 |
| Latin America | 0.02 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 3.50% 01-Dec-2057 | 6.23 |
| Province of Ontario 3.90% 02-Jun-2036 | 5.49 |
| Canada Government 3.25% 01-Jun-2035 | 4.02 |
| Canada Government 2.50% 01-May-2028 | 2.94 |
| Canada Government 3.25% 01-Jun-2036 | 2.85 |
| Quebec Province 4.40% 01-Dec-2055 | 2.45 |
| British Clmbia Invst Mgmt Corp 4.00% 02-Jun-2035 | 1.57 |
| Quebec Province 4.00% 01-Sep-2035 | 1.57 |
| United States Treasury 2.38% 15-Feb-2055 | 1.36 |
| CPPIB Capital Inc 4.30% 02-Jun-2034 | 1.35 |
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 | 4.73% | 5.68% | 5.09% |
|---|---|---|---|
| Beta | 0.89 | 0.93 | 0.93 |
| Alpha | 0.00 | -0.01 | -0.01 |
| Rsquared | 0.90% | 0.93% | 0.94% |
| Sharpe | 0.12 | -0.65 | -0.37 |
| Sortino | 0.28 | -0.81 | -0.73 |
| Treynor | 0.01 | -0.04 | -0.02 |
| Tax Efficiency | 64.67% | - | - |
| Volatility |
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.94% | 4.73% | 5.68% | 5.09% |
| Beta | 0.94 | 0.89 | 0.93 | 0.93 |
| Alpha | -0.01 | 0.00 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.90% | 0.93% | 0.94% |
| Sharpe | -1.14 | 0.12 | -0.65 | -0.37 |
| Sortino | -1.40 | 0.28 | -0.81 | -0.73 |
| Treynor | -0.05 | 0.01 | -0.04 | -0.02 |
| Tax Efficiency | - | 64.67% | - | - |
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) | $1,199 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX1463 | CB | Open |
| MAX1763 | FE | Open |
| MAX1863 | DSC | Open |
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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