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Canada Life Canadian Corporate Bond Fund A
Cdn Corp Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade E
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-03-2026) |
$11.03 |
|---|---|
| Change |
$0.01
(0.06%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (January 19, 2001): 2.95%
| 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 | 1.14% | -0.47% | 0.52% | 1.23% | 3.14% | 5.39% | 5.12% | 4.06% | 1.20% | 1.24% | 1.47% | 1.81% | 1.40% | 1.54% |
| Benchmark | 1.29% | -0.09% | 1.32% | 1.96% | 4.36% | 6.56% | 6.34% | 5.22% | 2.48% | 2.53% | 2.77% | 3.24% | 2.86% | 3.06% |
| Category Average | 1.08% | -0.20% | 0.94% | 1.44% | 3.89% | 6.02% | 5.83% | 4.69% | 1.83% | 2.13% | 2.30% | 2.63% | - | - |
| Category Rank | 76 / 153 | 136 / 144 | 124 / 144 | 116 / 144 | 117 / 131 | 107 / 121 | 103 / 112 | 93 / 103 | 94 / 100 | 84 / 89 | 81 / 86 | 78 / 83 | 77 / 78 | 73 / 74 |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.34% | -0.11% | 0.24% | 1.47% | 0.54% | 0.11% | -0.70% | 0.71% | 0.99% | -1.91% | 0.33% | 1.14% |
| Benchmark | 0.27% | 0.04% | 0.18% | 1.54% | 0.68% | 0.27% | -0.63% | 0.89% | 1.16% | -1.77% | 0.41% | 1.29% |
Best Monthly Return Since Inception
4.52% (April 2020)
Worst Monthly Return Since Inception
-5.91% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.88% | 1.49% | -1.18% | 6.22% | 6.90% | -3.33% | -10.65% | 6.66% | 6.38% | 3.16% |
| Benchmark | 3.59% | 3.48% | 0.96% | 8.01% | 8.57% | -1.32% | -10.12% | 8.32% | 7.09% | 4.33% |
| Category Average | - | - | - | 7.34% | 7.62% | -1.82% | -10.25% | 7.57% | 6.68% | 4.15% |
| Quartile Ranking | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 4 | 4 | 4 |
| Category Rank | 66/ 70 | 61/ 76 | 66/ 78 | 60/ 85 | 71/ 86 | 92/ 92 | 74/ 101 | 94/ 108 | 90/ 112 | 114/ 122 |
Best Calendar Return (Last 10 years)
6.90% (2020)
Worst Calendar Return (Last 10 years)
-10.65% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 91.11 |
| Cash and Equivalents | 3.27 |
| Foreign Corporate Bonds | 2.65 |
| Canadian Government Bonds | 2.57 |
| Canadian Equity | 0.24 |
| Other | 0.16 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 96.43 |
| Cash and Cash Equivalent | 3.27 |
| Utilities | 0.14 |
| Telecommunications | 0.09 |
| Financial Services | 0.06 |
| Other | 0.01 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.46 |
| Europe | 0.28 |
| Asia | 0.21 |
| Latin America | 0.05 |
Top Holdings
| Name | Percent |
|---|---|
| Pembina Pipeline Corp. F/R 25-Jan-2081 | 2.54 |
| Cash and Cash Equivalents | 2.49 |
| TransCanada Trust 4.20% 04-Dec-2030 | 2.23 |
| Toronto-Dominion Bank 3.61% 10-Sep-2030 | 2.22 |
| Algonquin Power & Utils Corp 5.25% 18-Jan-2082 | 1.69 |
| Intact Financial Corp 4.65% 16-May-2029 | 1.67 |
| Sobeys Inc. 3.10% 30-Oct-2028 | 1.39 |
| BCE Inc. 4.30% 14-Mar-2033 | 1.39 |
| Enbridge Pipelines Inc 2.82% 12-May-2031 | 1.38 |
| Brookfield Finance II Inc 5.43% 14-Sep-2032 | 1.20 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canada Life Canadian Corporate Bond Fund A
Median
Other - Cdn Corp Fixed Income
3 Yr Annualized
| Standard Deviation | 4.02% | 4.97% | 4.81% |
|---|---|---|---|
| Beta | 0.99 | 0.98 | 0.95 |
| Alpha | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.95% | 0.97% |
| Sharpe | 0.37 | -0.32 | -0.05 |
| Sortino | 0.92 | -0.46 | -0.37 |
| Treynor | 0.02 | -0.02 | 0.00 |
| Tax Efficiency | 71.33% | - | 32.24% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.11% | 4.02% | 4.97% | 4.81% |
| Beta | 0.99 | 0.99 | 0.98 | 0.95 |
| Alpha | -0.01 | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.99% | 0.95% | 0.97% |
| Sharpe | 0.25 | 0.37 | -0.32 | -0.05 |
| Sortino | 0.06 | 0.92 | -0.46 | -0.37 |
| Treynor | 0.01 | 0.02 | -0.02 | 0.00 |
| Tax Efficiency | 55.30% | 71.33% | - | 32.24% |
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) | $65 |
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 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 | 1.81% |
|---|---|
| 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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