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Canada Life Canadian Core Plus Fixed Income Fund Series A

Canadian Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(07-11-2024)
$9.50
Change
$0.03 (0.28%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Canada Life Canadian Core Plus Fixed Income Fund Series A

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Fund Returns

Inception Return (October 22, 2018): 0.54%

Fund Returns
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 1.04% 0.57% -0.58% -0.58% 2.71% 2.29% -2.76% -2.72% -0.82% - - - - -
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 1.04% -0.41% -0.41% -0.41% 3.35% 2.96% -2.31% -2.05% -0.46% 0.58% 0.48% 0.42% 0.73% 1.08%
Category Rank 485 / 642 583 / 634 539 / 630 539 / 630 567 / 619 561 / 595 539 / 576 494 / 538 449 / 509 - - - - -
Quartile Ranking 4 4 4 4 4 4 4 4 4 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.88% -0.59% -2.49% 0.27% 3.72% 3.39% -1.24% -0.47% 0.56% -2.09% 1.66% 1.04%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

3.96% (April 2020)

Worst Monthly Return Since Inception

-3.56% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 5.25% 8.54% -3.42% -12.08% 5.03%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking - - - - - 4 2 4 3 4
Category Rank - - - - - 434/ 499 254/ 529 487/ 560 355/ 589 583/ 605

Best Calendar Return (Last 10 years)

8.54% (2020)

Worst Calendar Return (Last 10 years)

-12.08% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 41.80
Canadian Government Bonds 33.22
Cash and Equivalents 16.44
Foreign Corporate Bonds 5.23
Foreign Government Bonds 2.74
Other 0.57

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 83.25
Cash and Cash Equivalent 16.44
Financial Services 0.30
Utilities 0.03
Telecommunications 0.02
Other -0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.68
Latin America 0.29
Europe 0.07
Multi-National 0.03
Other -0.07

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 6.54
Ontario Province 4.15% 02-Jun-2034 4.24
Ontario Province 3.65% 02-Jun-2033 3.58
Quebec Province 4.40% 01-Dec-2055 3.06
United States Treasury 0.13% 15-Apr-2025 2.57
Canada Government 2.75% 01-Dec-2055 2.30
Ontario Province 4.15% 02-Dec-2054 2.12
Alberta Province 3.10% 01-Jun-2050 2.06
Canada Government 3.00% 01-Jun-2034 1.87
Quebec Province 3.60% 01-Sep-2033 1.24

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Canada Life Canadian Core Plus Fixed Income Fund Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.49% 5.93% -
Beta 0.91% 0.91% -
Alpha -0.01% -0.01% -
Rsquared 0.93% 0.94% -
Sharpe -0.86% -0.46% -
Sortino -1.08% -0.81% -
Treynor -0.06% -0.03% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.79% 6.49% 5.93% -
Beta 0.84% 0.91% 0.91% -
Alpha 0.00% -0.01% -0.01% -
Rsquared 0.86% 0.93% 0.94% -
Sharpe -0.29% -0.86% -0.46% -
Sortino -0.03% -1.08% -0.81% -
Treynor -0.02% -0.06% -0.03% -
Tax Efficiency 69.56% - - -

Fund Details

Start Date October 22, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $103

Fund Codes

FundServ Code Load Code Sales Status
MAX1260

Investment Objectives

The Fund seeks to provide a steady flow of income by investing primarily in Canadian government and corporate fixed income instruments and asset-backed securities with maturities of more than one year. Preservation of capital is an important factor in the selection of portfolio investments. 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 may invest up to 40% of its assets in securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and intends to maintain an average credit rating of “BBB-” or higher. The Fund may also invest in unrated debt instruments and preferred shares.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 07-21-2022
Canada Life Investment Management Ltd. 12-08-2022

Management and Organization

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 Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 50

Fees

MER 1.69%
Management Fee 1.35%
Load Back Fee Only
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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