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Canada Life Canadian Core Plus Fixed Income Fund Series A

Canadian Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(02-13-2025)
$9.79
Change
$0.05 (0.48%)

As at January 31, 2025

As at November 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): 1.33%

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 0.92% 1.79% 3.29% 0.92% 6.10% 3.45% -0.16% -1.46% -0.25% 0.90% - - - -
Benchmark 1.13% 2.12% 3.40% 1.13% 6.72% 4.38% 0.72% -0.59% 0.32% 1.72% 1.97% 1.96% 1.84% 1.60%
Category Average 1.02% 1.78% 2.90% 1.02% 6.08% 3.86% 0.29% -1.03% 0.02% 1.21% 1.29% 1.29% 1.33% 0.97%
Category Rank 582 / 665 546 / 662 332 / 651 582 / 665 493 / 627 525 / 601 530 / 587 514 / 560 441 / 528 435 / 496 - - - -
Quartile Ranking 4 4 3 4 4 4 4 4 4 4 - - - -

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund -0.47% 0.56% -2.09% 1.66% 1.04% 2.04% 0.40% 1.77% -0.68% 1.52% -0.65% 0.92%
Benchmark -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13%

Best Monthly Return Since Inception

3.96% (April 2020)

Worst Monthly Return Since Inception

-3.56% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - 5.25% 8.54% -3.42% -12.08% 5.03% 3.84%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.68%
Quartile Ranking - - - - 4 2 4 3 4 3
Category Rank - - - - 430/ 495 253/ 525 484/ 556 354/ 586 579/ 601 455/ 626

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 42.38
Canadian Government Bonds 33.39
Foreign Corporate Bonds 10.02
Cash and Equivalents 8.93
Foreign Government Bonds 4.24
Other 1.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.91
Cash and Cash Equivalent 8.92
Financial Services 0.09
Consumer Goods 0.06
Utilities 0.03
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.48
Asia 2.73
Europe 0.48
Latin America 0.31
Africa and Middle East 0.02
Other -0.02

Top Holdings

Top Holdings
Name Percent
Canada Government 3.00% 01-Jun-2034 5.36
Cash and Cash Equivalents 4.27
Quebec Province 4.40% 01-Dec-2055 3.10
Canada Government 2.75% 01-Dec-2055 2.98
Quebec Province 4.20% 01-Dec-2057 2.43
Ontario Province 4.15% 02-Jun-2034 2.41
New Zealand Government 3.50% 14-Apr-2033 1.83
Ontario Province 4.60% 02-Dec-2055 1.78
Canada Housing Trust No 1 1.25% 15-Jun-2026 1.63
Ontario Province 3.80% 02-Dec-2034 1.57

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 6.53% 5.89% -
Beta 0.92% 0.91% -
Alpha -0.01% -0.01% -
Rsquared 0.93% 0.94% -
Sharpe -0.56% -0.41% -
Sortino -0.61% -0.69% -
Treynor -0.04% -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 4.34% 6.53% 5.89% -
Beta 0.73% 0.92% 0.91% -
Alpha 0.01% -0.01% -0.01% -
Rsquared 0.70% 0.93% 0.94% -
Sharpe 0.41% -0.56% -0.41% -
Sortino 1.09% -0.61% -0.69% -
Treynor 0.02% -0.04% -0.03% -
Tax Efficiency 83.27% - - -

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) $111

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 KPMG 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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