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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 (06-18-2026) |
$7.91 |
|---|---|
| Change |
-$0.01
(-0.13%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (July 12, 2013): 2.49%
| 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 | 0.00% | 0.09% | -0.29% | -0.58% | 2.50% | 3.26% | 4.66% | 3.20% | 1.04% | 2.42% | 2.36% | 2.30% | 2.01% | 2.78% |
| Benchmark | 1.73% | 1.68% | 1.44% | 2.26% | 8.06% | 9.95% | 10.49% | 9.66% | 6.15% | 5.57% | 5.13% | 5.59% | 4.78% | 5.90% |
| Category Average | 0.59% | 0.76% | 1.82% | 1.55% | 5.97% | 6.38% | 6.97% | 5.03% | 2.71% | 4.22% | 3.51% | 3.44% | 3.18% | 3.77% |
| Category Rank | 246 / 253 | 235 / 253 | 245 / 250 | 244 / 251 | 240 / 246 | 242 / 242 | 233 / 236 | 228 / 233 | 219 / 227 | 210 / 219 | 198 / 213 | 185 / 195 | 175 / 185 | 164 / 169 |
| Quartile Ranking | 4 | 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 | 1.24% | 0.21% | 1.03% | 0.81% | -0.59% | 0.08% | 0.29% | -0.35% | -0.32% | -1.07% | 1.18% | 0.00% |
| Benchmark | 1.47% | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% |
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/ 218 | 186/ 223 | 182/ 230 | 195/ 236 | 182/ 242 | 241/ 243 |
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 | 90.42 |
| Cash and Equivalents | 9.24 |
| Foreign Government Bonds | 0.35 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 90.77 |
| Cash and Cash Equivalent | 9.23 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 97.04 |
| Europe | 2.61 |
| Latin America | 0.35 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 6.45 |
| Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 | 2.03 |
| Jefferson Capital Holdings LLC 9.50% 15-Feb-2029 | 1.97 |
| FirstCash Inc 5.63% 01-Jan-2030 | 1.87 |
| Ardonagh Finco Ltd. [144A] 6.88% 15-Feb-2031 | 1.80 |
| Howden UK Refinance PLC 7.25% 15-Feb-2031 | 1.73 |
| Travel + Leisure Co 6.63% 31-Jul-2026 | 1.73 |
| Saturn Oil & Gas Inc 9.63% 15-Jun-2029 | 1.72 |
| Enova International Inc 11.25% 15-Dec-2028 | 1.66 |
| PROG Holdings Inc 6.00% 15-Nov-2029 | 1.65 |
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 | 3.82% | 5.06% | 5.57% |
|---|---|---|---|
| Beta | 0.39 | 0.61 | 0.58 |
| Alpha | 0.01 | -0.03 | -0.01 |
| Rsquared | 0.20% | 0.53% | 0.43% |
| Sharpe | 0.28 | -0.34 | 0.18 |
| Sortino | 0.72 | -0.47 | -0.02 |
| Treynor | 0.03 | -0.03 | 0.02 |
| Tax Efficiency | 60.62% | - | 38.49% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.55% | 3.82% | 5.06% | 5.57% |
| Beta | 0.21 | 0.39 | 0.61 | 0.58 |
| Alpha | 0.01 | 0.01 | -0.03 | -0.01 |
| Rsquared | 0.07% | 0.20% | 0.53% | 0.43% |
| Sharpe | 0.06 | 0.28 | -0.34 | 0.18 |
| Sortino | -0.28 | 0.72 | -0.47 | -0.02 |
| Treynor | 0.01 | 0.03 | -0.03 | 0.02 |
| Tax Efficiency | 21.98% | 60.62% | - | 38.49% |
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) | $22 |
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 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 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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