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Canada Life Global High Yield Fixed Income Fund Series A
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade E
Click for more information on Fundata’s FundGrade.
|
NAVPS (09-16-2026) |
$7.77 |
|---|---|
| Change |
$0.00
(-0.01%)
|
As at August 31, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (July 12, 2013): 2.45%
| 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 | 0.65% | 0.09% | 0.18% | -0.48% | 0.10% | 1.53% | 4.31% | 3.94% | 0.70% | 1.65% | 2.01% | 2.12% | 1.96% | 2.30% |
| Benchmark | -0.14% | 1.47% | 3.17% | 3.76% | 5.60% | 8.45% | 9.99% | 10.53% | 5.35% | 5.44% | 5.19% | 5.58% | 5.55% | 5.47% |
| Category Average | 0.60% | 0.20% | 0.96% | 1.76% | 3.35% | 4.71% | 6.45% | 5.69% | 2.41% | 3.32% | 3.24% | 3.34% | 3.15% | 3.35% |
| Category Rank | 111 / 254 | 215 / 254 | 237 / 253 | 247 / 251 | 243 / 248 | 240 / 242 | 235 / 239 | 230 / 235 | 222 / 229 | 212 / 219 | 202 / 213 | 196 / 204 | 180 / 185 | 165 / 170 |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.81% | -0.59% | 0.08% | 0.29% | -0.35% | -0.32% | -1.07% | 1.18% | 0.00% | 0.07% | -0.62% | 0.65% |
| Benchmark | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% | -0.14% |
Best Monthly Return Since Inception
4.47% (March 2016)
Worst Monthly Return Since Inception
-9.01% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 12.82% | 4.52% | -5.62% | 11.50% | 5.36% | 2.32% | -11.13% | 7.70% | 6.62% | 2.39% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 2 | 3 | 4 | 2 | 2 | 4 | 4 | 4 | 4 | 4 |
| Category Rank | 82/ 168 | 117/ 176 | 179/ 187 | 94/ 211 | 107/ 217 | 185/ 222 | 181/ 229 | 195/ 235 | 181/ 241 | 240/ 242 |
Best Calendar Return (Last 10 years)
12.82% (2016)
Worst Calendar Return (Last 10 years)
-11.13% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 96.59 |
| Cash and Equivalents | 3.14 |
| Foreign Government Bonds | 0.27 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 96.86 |
| Cash and Cash Equivalent | 3.14 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 96.95 |
| Europe | 2.78 |
| Latin America | 0.27 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 4.90 |
| Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 | 2.15 |
| Jefferson Capital Holdings LLC 9.50% 15-Feb-2029 | 2.08 |
| FirstCash Inc 5.63% 01-Jan-2030 | 1.98 |
| Ardonagh Finco Ltd. [144A] 6.88% 15-Feb-2031 | 1.90 |
| Credit Acceptance Corp 9.25% 15-Dec-2028 | 1.90 |
| Ryan Specialty LLC 5.88% 01-Aug-2027 | 1.80 |
| Howden UK Refinance PLC 7.25% 15-Feb-2031 | 1.77 |
| Enova International Inc 11.25% 15-Dec-2028 | 1.75 |
| Dream Finders Homes Inc 8.25% 15-Aug-2028 | 1.70 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canada Life Global High Yield Fixed Income Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.85% | 5.06% | 5.51% |
|---|---|---|---|
| Beta | 0.40 | 0.59 | 0.57 |
| Alpha | 0.00 | -0.02 | -0.01 |
| Rsquared | 0.22% | 0.51% | 0.41% |
| Sharpe | 0.24 | -0.43 | 0.09 |
| Sortino | 0.55 | -0.55 | -0.13 |
| Treynor | 0.02 | -0.04 | 0.01 |
| Tax Efficiency | 46.67% | - | 6.92% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.26% | 3.85% | 5.06% | 5.51% |
| Beta | 0.09 | 0.40 | 0.59 | 0.57 |
| Alpha | 0.00 | 0.00 | -0.02 | -0.01 |
| Rsquared | 0.03% | 0.22% | 0.51% | 0.41% |
| Sharpe | -0.95 | 0.24 | -0.43 | 0.09 |
| Sortino | -1.44 | 0.55 | -0.55 | -0.13 |
| Treynor | -0.24 | 0.02 | -0.04 | 0.01 |
| Tax Efficiency | - | 46.67% | - | 6.92% |
Fund Details
| 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) | $21 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX1232 | ||
| MAX1332 | ||
| MAX1432 |
Investment Objectives
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
Investment Strategy
The sub-advisor combines top-down analysis of macroeconomic conditions with bottom-up fundamental analysis in order to determine where the most attractive valuations exist during the business cycle. The sub-advisor’s valuation process is primarily focused on identifying and investing in bonds that have attractive real- and risk- adjusted yields and securities the sub-advisor believes are undervalued by the credit markets. Quantitative and qualitative screens are used in this assessment.
Portfolio Management
| Portfolio Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Sub-Advisor |
Brandywine Global Investment Management, LLC
|
Management and Organization
| 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 |
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 | 1.86% |
|---|---|
| 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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