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Canada Life Global Multi Sector Bond Fund A

Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021

Click for more information on Fundata’s FundGrade

NAVPS
(04-04-2025)
$9.00
Change
-$0.07 (-0.82%)

As at February 28, 2025

As at December 31, 2024

Period
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Legend

Canada Life Global Multi Sector Bond Fund A

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Fund Returns

Inception Return (December 18, 2018): 2.20%

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 0.66% 1.36% 2.69% 1.79% 4.90% 5.11% -0.29% -0.95% 0.50% 2.02% - - - -
Benchmark 1.02% 3.13% 6.53% 2.44% 11.44% 8.27% 3.43% 1.17% 0.75% 2.37% 2.46% 2.47% 2.49% 2.96%
Category Average 0.97% 0.85% 1.87% 1.72% 6.04% - - - - - - - - -
Category Rank 266 / 343 119 / 339 134 / 326 160 / 339 276 / 323 203 / 312 280 / 305 269 / 293 206 / 270 141 / 253 - - - -
Quartile Ranking 4 2 2 2 4 3 4 4 4 3 - - - -

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 0.90% -1.55% 0.77% 0.15% 1.51% 0.38% 1.13% -0.77% 0.95% -0.42% 1.12% 0.66%
Benchmark 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96% 0.67% 1.41% 1.02%

Best Monthly Return Since Inception

3.65% (December 2023)

Worst Monthly Return Since Inception

-4.29% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - 8.14% 11.17% -1.22% -13.88% 6.55% 3.06%
Benchmark 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25% 9.76%
Category Average - - - - - - - - - 3.89%
Quartile Ranking - - - - 2 1 4 4 2 4
Category Rank - - - - 102/ 253 8/ 269 220/ 290 292/ 305 142/ 312 242/ 322

Best Calendar Return (Last 10 years)

11.17% (2020)

Worst Calendar Return (Last 10 years)

-13.88% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 49.64
Foreign Government Bonds 16.51
Cash and Equivalents 14.70
Mortgages 13.64
Foreign Bonds - Other 3.96
Other 1.55

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 84.88
Cash and Cash Equivalent 14.70
Financial Services 0.42

Geographic Allocation

Geographic Allocation
Name Percent
North America 83.57
Latin America 14.28
Europe 2.15

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 16.53
Mexico Government 7.50% 26-May-2033 2.69
Petroleos Mexicanos 5.35% 12-Feb-2028 2.48
United Kingdom Government 3.75% 22-Oct-2053 2.24
Freddie Mac Stacr Remic Trust 7.92% 25-Nov-2043 2.11
Brazil Government 10.00% 01-Jan-2027 1.71
EchoStar Corp 10.75% 30-Nov-2029 1.45
Freddie Mac Stacr Remic Trust 11.32% 25-Jun-2042 1.19
Freddie Mac Stacr Remic Trust 7.62% 25-Jan-2034 1.09
Argentina Government 0.75% 09-Jul-2030 1.07

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Canada Life Global Multi Sector Bond Fund A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.61% 5.78% -
Beta 0.77% 0.56% -
Alpha -0.03% 0.00% -
Rsquared 0.55% 0.36% -
Sharpe -0.59% -0.29% -
Sortino -0.61% -0.53% -
Treynor -0.05% -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 3.12% 6.61% 5.78% -
Beta 0.58% 0.77% 0.56% -
Alpha -0.02% -0.03% 0.00% -
Rsquared 0.52% 0.55% 0.36% -
Sharpe 0.24% -0.59% -0.29% -
Sortino 0.84% -0.61% -0.53% -
Treynor 0.01% -0.05% -0.03% -
Tax Efficiency 53.79% - - -

Fund Details

Start Date December 18, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $470

Fund Codes

FundServ Code Load Code Sales Status
MAX1262

Investment Objectives

The Fund seeks to generate a high level of income over a full market cycle, regardless of market conditions, with a secondary objective of capital preservation by investing mainly in fixed income securities of issuers anywhere in the world. 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 uses a dual approach to research, combining both macro and fundamental research into a holistic process to deploy capital more efficiently. The Fund also adopts a flexible approach allowing it to dynamically rotate exposures to align with the market environment. This involves investing across various fixed income credit ratings, duration, structures, sectors, currencies and countries, and may, at any time, invest a significant portion of its net assets in any one area noted below.

Portfolio Management

Portfolio Manager

Canada Life Investment Management Ltd.

Sub-Advisor

Brandywine Global Investment Management, LLC

  • Anujeet S. Sareen
  • Jack P. McIntyre
  • Brian L. Kloss
  • Gerhardt (Gary) P. Herbert

Management and Organization

Fund Manager

Canada Life Investment Management Ltd.

Custodian

Canadian Imperial Bank of Commerce

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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.92%
Management Fee 1.55%
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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