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Canada Life Canadian Corporate Bond Fund A

Cdn Corp Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$10.68
Change
-$0.02 (-0.15%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Canada Life Canadian Corporate Bond Fund A

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Fund Returns

Inception Return (January 19, 2001): 2.78%

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 0.91% 0.92% 0.93% 0.93% 5.60% 4.21% -1.35% -1.16% -0.06% 0.77% 0.55% 0.58% 0.77% 0.94%
Benchmark 0.98% 1.17% 1.32% 1.32% 6.73% 5.23% -0.12% 0.09% 1.33% 2.27% 2.13% 2.18% 2.42% 2.67%
Category Average 0.95% 1.23% 1.23% 1.23% 6.25% 4.82% -0.75% -0.13% 0.84% 1.64% - - - -
Category Rank 67 / 105 83 / 97 84 / 97 84 / 97 88 / 97 79 / 88 78 / 85 76 / 78 74 / 75 72 / 73 68 / 68 63 / 64 56 / 56 55 / 55
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.20% -0.24% -1.79% 0.19% 3.55% 3.14% -0.57% 0.07% 0.52% -1.30% 1.33% 0.91%
Benchmark -0.36% -0.02% -1.75% 0.45% 3.64% 3.39% -0.70% 0.25% 0.60% -1.26% 1.47% 0.98%

Best Monthly Return Since Inception

4.52% (April 2020)

Worst Monthly Return Since Inception

-5.91% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.06% 0.61% 1.88% 1.49% -1.18% 6.22% 6.90% -3.33% -10.65% 6.66%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking 4 3 4 4 4 4 4 4 3 4
Category Rank 45/ 54 41/ 55 56/ 60 53/ 66 66/ 68 63/ 74 72/ 75 81/ 81 58/ 86 85/ 93

Best Calendar Return (Last 10 years)

6.90% (2020)

Worst Calendar Return (Last 10 years)

-10.65% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 87.62
Cash and Equivalents 7.45
Foreign Corporate Bonds 3.52
Canadian Government Bonds 1.22
Canadian Equity 0.16
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.24
Cash and Cash Equivalent 7.45
Financial Services 0.17
Utilities 0.07
Telecommunications 0.06
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.98
Latin America 0.02

Top Holdings

Top Holdings
Name Percent
Hydro One Inc 3.10% 15-Mar-2051 1.38
Bank of Montreal 2.37% 03-Jan-2025 1.32
Enbridge Inc 6.63% 12-Apr-2028 1.28
Enbridge Inc 5.38% 27-Sep-2027 1.26
Rogers Communications Inc 5.90% 21-Sep-2033 1.21
North West Redwater Partnershp 2.80% 01-Mar-2031 1.19
TransCanada Trust 4.20% 04-Dec-2030 1.13
Toronto-Dominion Bank 1.89% 08-Mar-2028 1.10
Altalink LP 3.99% 30-Jun-2042 1.01
Royal Bank of Canada 2.88% 23-Dec-2024 0.99

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Canada Life Canadian Corporate Bond Fund A

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.82% 6.11% 4.78%
Beta 0.97% 0.95% 0.94%
Alpha -0.01% -0.01% -0.02%
Rsquared 0.95% 0.97% 0.97%
Sharpe -0.72% -0.32% -0.09%
Sortino -0.94% -0.61% -0.54%
Treynor -0.04% -0.02% 0.00%
Tax Efficiency - - 27.87%
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 5.53% 5.82% 6.11% 4.78%
Beta 0.96% 0.97% 0.95% 0.94%
Alpha -0.01% -0.01% -0.01% -0.02%
Rsquared 0.99% 0.95% 0.97% 0.97%
Sharpe 0.13% -0.72% -0.32% -0.09%
Sortino 0.93% -0.94% -0.61% -0.54%
Treynor 0.01% -0.04% -0.02% 0.00%
Tax Efficiency 81.57% - - 27.87%

Fund Details

Start Date January 19, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $116

Fund Codes

FundServ Code Load Code Sales Status
MAX1250
MAX1350
MAX1450

Investment Objectives

The Fund seeks to provide a high level of coupon interest income consistent with reasonable safety of capital by investing primarily in investment grade Canadian 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 holds a well-diversified portfolio of Canadian corporate bonds reflecting a wide range of both industry sectors and credit quality. Primary focus is security selection based on credit analysis and relative value, with a secondary focus on term positioning. The Fund generally invests in bonds that are rated BBB or higher. The Fund may hold assets rated less than BBB by virtue of a credit rating downgrade subsequent to purchase.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 08-19-2022
Canada Life Investment Management Ltd. 08-19-2022

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 Deloitte 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 1.81%
Management Fee 1.45%
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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