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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (04-04-2025) |
$8.06 |
|---|---|
| Change |
-$0.11
(-1.33%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (July 12, 2013): 2.73%
| 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 | 0.10% | 0.70% | 2.63% | 1.45% | 7.66% | 6.88% | 2.51% | 1.36% | 2.29% | 2.82% | 2.43% | 2.36% | 3.97% | 2.35% |
| Benchmark | 0.36% | 4.44% | 9.83% | 2.31% | 16.13% | 13.40% | 8.80% | 5.52% | 5.20% | 5.67% | 5.57% | 5.31% | 6.56% | 6.01% |
| Category Average | 0.56% | 1.22% | 3.26% | 1.57% | 8.24% | 7.59% | 3.19% | 2.16% | 3.00% | 3.30% | 3.05% | 3.04% | 4.20% | 3.07% |
| Category Rank | 259 / 283 | 267 / 283 | 251 / 283 | 194 / 283 | 229 / 281 | 246 / 275 | 245 / 269 | 236 / 263 | 222 / 252 | 211 / 244 | 196 / 221 | 186 / 209 | 162 / 200 | 167 / 189 |
| Quartile Ranking | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.01% | -0.74% | 1.04% | 0.75% | 1.84% | 0.90% | 1.05% | -0.11% | 0.97% | -0.74% | 1.35% | 0.10% |
| Benchmark | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% |
4.47% (March 2016)
-9.01% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -6.35% | 12.82% | 4.52% | -5.62% | 11.50% | 5.36% | 2.32% | -11.13% | 7.70% | 6.62% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 4 | 2 | 3 | 4 | 2 | 3 | 4 | 4 | 4 | 4 |
| Category Rank | 174/ 182 | 92/ 199 | 130/ 208 | 211/ 219 | 96/ 244 | 129/ 252 | 217/ 257 | 215/ 266 | 228/ 275 | 214/ 281 |
12.82% (2016)
-11.13% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 93.50 |
| Cash and Equivalents | 3.17 |
| Foreign Government Bonds | 1.38 |
| Canadian Government Bonds | 1.29 |
| US Equity | 0.65 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 96.18 |
| Cash and Cash Equivalent | 3.17 |
| Financial Services | 0.65 |
| Name | Percent |
|---|---|
| North America | 98.61 |
| Latin America | 1.38 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Mativ Holdings Inc 8.00% 01-Oct-2029 | 5.14 |
| Carnival Holdings Bermuda Ltd 10.38% 01-May-2028 | 3.98 |
| Coronado Finance Pty Ltd 9.25% 01-Oct-2029 | 3.81 |
| Cash and Cash Equivalents | 2.90 |
| Allwyn Entertainment Fncg PLC 7.88% 30-Apr-2029 | 2.75 |
| Baytex Energy Corp 8.50% 30-Apr-2030 | 2.73 |
| Live Nation Entertainment Inc 6.50% 15-May-2027 | 2.70 |
| Ford Motor Credit Co LLC 2.30% 01-Feb-2025 | 2.68 |
| Brundage-Bone Cncrte Pmpng Inc 6.00% 01-Feb-2026 | 2.66 |
| Viking Cruises Ltd 5.88% 15-Sep-2027 | 2.65 |
Canada Life Global High Yield Fixed Income Fund
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.88% | 6.93% | 6.10% |
|---|---|---|---|
| Beta | 0.70% | 0.77% | 0.51% |
| Alpha | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.57% | 0.66% | 0.31% |
| Sharpe | -0.20% | 0.02% | 0.14% |
| Sortino | -0.08% | -0.09% | -0.10% |
| Treynor | -0.02% | 0.00% | 0.02% |
| Tax Efficiency | 32.53% | 25.48% | 23.55% |
| Volatility |
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|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.82% | 5.88% | 6.93% | 6.10% |
| Beta | 0.10% | 0.70% | 0.77% | 0.51% |
| Alpha | 0.06% | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.02% | 0.57% | 0.66% | 0.31% |
| Sharpe | 1.19% | -0.20% | 0.02% | 0.14% |
| Sortino | 3.05% | -0.08% | -0.09% | -0.10% |
| Treynor | 0.34% | -0.02% | 0.00% | 0.02% |
| Tax Efficiency | 78.21% | 32.53% | 25.48% | 23.55% |
| Start Date | July 12, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $27 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX1232 | ||
| MAX1332 | ||
| MAX1432 |
The fund seeks above-average income with potential for long-termcapital growth by investing primarily in global high-yield fixed income securities, either directly or through other mutual funds
The Fund may invest up to 100% of its assets in securities of Mackenzie North American Corporate Bond Fund and/or invest directly in securities. The Underlying Fund(s) in which the Fund invests may be managed by CLIML or an affiliate or associate of CLIML. The Fund will generally invest more than 40% of its assets in fixed income securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and may invest in unrated debt instruments.
| Portfolio Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Sub-Advisor |
Brandywine Global Investment Management, LLC |
| Fund Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
Quadrus Investment Services Limited IPC Investment Corporation IPC Securities Corporation |
| 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 | 1.87% |
|---|---|
| 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) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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