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Cdn Corp Fixed Income
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|
NAVPS (11-19-2024) |
$10.92 |
|---|---|
| Change |
-$0.03
(-0.29%)
|
As at October 31, 2024
As at August 31, 2024
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Inception Return (January 19, 2001): 2.90%
| 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 | -0.44% | 1.78% | 6.24% | 4.88% | 12.01% | 6.98% | 0.44% | -0.25% | 0.61% | 1.70% | 1.16% | 1.00% | 1.33% | 1.30% |
| Benchmark | -0.41% | 2.08% | 6.64% | 5.45% | 12.99% | 7.77% | 1.49% | 0.88% | 1.92% | 3.14% | 2.68% | 2.56% | 2.96% | 2.96% |
| Category Average | -0.56% | 1.79% | 6.37% | 5.24% | 12.76% | 7.49% | 0.99% | 0.59% | 1.45% | 2.51% | - | - | - | - |
| Category Rank | 25 / 106 | 75 / 106 | 72 / 102 | 79 / 95 | 80 / 95 | 75 / 90 | 72 / 84 | 73 / 78 | 72 / 73 | 71 / 72 | 66 / 66 | 63 / 64 | 58 / 58 | 53 / 53 |
| Quartile Ranking | 1 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.55% | 3.14% | -0.57% | 0.07% | 0.52% | -1.30% | 1.33% | 0.91% | 2.09% | 0.23% | 1.99% | -0.44% |
| Benchmark | 3.64% | 3.39% | -0.70% | 0.25% | 0.60% | -1.26% | 1.47% | 0.98% | 1.96% | 0.45% | 2.04% | -0.41% |
4.52% (April 2020)
-5.91% (March 2020)
| 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 |
| Category Rank | 43/ 52 | 40/ 53 | 54/ 58 | 51/ 64 | 64/ 66 | 61/ 72 | 70/ 73 | 79/ 79 | 57/ 84 | 84/ 91 |
6.90% (2020)
-10.65% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 81.79 |
| Cash and Equivalents | 11.94 |
| Foreign Corporate Bonds | 3.56 |
| Canadian Government Bonds | 1.55 |
| Canadian Bonds - Funds | 1.05 |
| Other | 0.11 |
| Name | Percent |
|---|---|
| Fixed Income | 87.82 |
| Cash and Cash Equivalent | 11.94 |
| Financial Services | 0.18 |
| Utilities | 0.08 |
| Telecommunications | 0.07 |
| Other | -0.09 |
| Name | Percent |
|---|---|
| North America | 100.06 |
| Latin America | 0.03 |
| Other | -0.09 |
| Name | Percent |
|---|---|
| Bank of Nova Scotia 1.95% 10-Jan-2025 | 2.09 |
| Canadian Imperial Bank Commrce 2.75% 07-Mar-2025 | 1.88 |
| Hydro One Inc 3.10% 15-Mar-2051 | 1.51 |
| Bank of Montreal 2.37% 03-Jan-2025 | 1.38 |
| Enbridge Inc 5.38% 27-Sep-2027 | 1.35 |
| TransCanada Trust 4.20% 04-Dec-2030 | 1.24 |
| ARC Resources Ltd 3.47% 10-Mar-2031 | 1.23 |
| Altalink LP 3.99% 30-Jun-2042 | 1.09 |
| Videotron Ltd 4.50% 14-Nov-2024 | 1.06 |
| Royal Bank of Canada 2.88% 23-Dec-2024 | 1.04 |
Canada Life Canadian Corporate Bond Fund A
Median
Other - Cdn Corp Fixed Income
| Standard Deviation | 6.03% | 6.23% | 4.85% |
|---|---|---|---|
| Beta | 0.99% | 0.96% | 0.95% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.97% | 0.97% | 0.97% |
| Sharpe | -0.47% | -0.23% | -0.04% |
| Sortino | -0.55% | -0.47% | -0.44% |
| Treynor | -0.03% | -0.02% | 0.00% |
| Tax Efficiency | - | - | 45.74% |
| Volatility |
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|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.21% | 6.03% | 6.23% | 4.85% |
| Beta | 0.98% | 0.99% | 0.96% | 0.95% |
| Alpha | -0.01% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.99% | 0.97% | 0.97% | 0.97% |
| Sharpe | 1.32% | -0.47% | -0.23% | -0.04% |
| Sortino | 4.49% | -0.55% | -0.47% | -0.44% |
| Treynor | 0.07% | -0.03% | -0.02% | 0.00% |
| Tax Efficiency | 90.63% | - | - | 45.74% |
| 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) | $79 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX1250 | ||
| MAX1350 | ||
| MAX1450 |
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.
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.
| Name | Start Date |
|---|---|
| Mackenzie Financial Corporation | 08-19-2022 |
| Canada Life Investment Management Ltd. | 08-19-2022 |
| 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 | KPMG 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 | 1.81% |
|---|---|
| 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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